Lecithin Market Expected to be Valued at 5.4% CAGR by 2024 | Page 3
R e s e a r c h
Food manufacturers are focused on new product launches to fulfill the increasing demand of
specialty ingredients for convenience food such as ready mixes and on-the-go products. As per
US FDA, partially hydrogenated oils (PHOs) are not Generally Recognized As Safe (GRAS).
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As a result of increasing consumer demand for non-GMO ingredients and raw materials
alternatives other than soy, the companies are focusing on production capacity expansion in
Asia Pacific region. The production capacity will supplement lecithin production and enable the
manufacturers to serve customers in Europe and North America.
M a r k e t
This report discusses trends that drive growth of each segment and offers analysis and insights
on the potential of the lecithin market in specific regions. Asia Pacific, North America and Europe
are expected to record high growth rates between 2016 and 2024. Among all the regions
globally, North America is estimated to account for comparatively higher value share in 2016,
followed by Europe and Asia Pacific. The market in North America is expected to remain
dominant over the forecast period, and is expected to account for 37.7% revenue share of the
global market by 2024. Asia Pacific is another major market for lecithin. In Asia Pacific,
increasing consumer demand for non-GMO ingredients and raw material alternatives other that
soy, are some of the factors that is driving the lecithin market over the forecast period. India,
China, and other countries in Asia Pacific region, are expected to witness significant growth over
P e r s i s t e n c e
the forecast period in global lecithin market.
This report covers detailed profiles of key players global lecithin market, which includes key
strategies, key developments, product offerings and others. Key companies profiled in this report
are E. I. du Pont de Nemours and Co, Cargill, Inc., Archer Daniels Midland Company,
Sternchemie GmbH & Co. KG, NOW Foods, American Lecithin Company, Bunge Limited, Thew
Arnott & Co. Ltd., and Lipoid GmbH.
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Global Lecithin Market 2016-2024