DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vfcxn6/global_lecithin) has announced the addition of the "Global Lecithin Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Source (Soy, Egg, Sunflower and Others), Application (Food, Animal Feed, Nutrition and Health Supplements, Cosmetics, and Others)" report to their offering.
The global lecithin market was valued at $787.7 million in 2014, and it is expected to grow with a CAGR of 5.4%, during the period 2015 - 2020.
Geographically, the European lecithin market accounted for the largest share in the global lecithin market in 2014.
Some of the major drivers fuelling the growth of the global lecithin market are increasing demand for low fat and convenience foods, and high flexibility and multifunctional nature of lecithin. The increasing health concerns, along with growing demand for healthy food ingredients is propelling the food manufacturers to use novel ingredients for reducing fat content in the processed food.
The rapid growth of the food industry and the corresponding increase in demand for low-fat food is fuelling the growth of the global lecithin market. These factors are encouraging manufacturers to develop individual and blend products, such as non-genetically-modified lecithin with very little, or zero fat.
The impact of increasing demand for low-fat and convenience foods in the global lecithin market is expected to be medium in the short and medium terms, and high in the long term. The increasing economically active population, growing health awareness, growing per capita disposable income, and increasing per capita expenditure on processed food is driving the demand for convenience and low-fat food. This in turn, is expected to boost the demand for lecithin. However, in regions such as Asia-Pacific, low-fat foods are currently not popular, but expected to gain popularity in the near future.
Strong presence of other emulsifying agents limits its usage in food industries. The various substitutes of lecithin, such as mono- and di-glycosides, sorbitan esters, sodium stearoyl lactylates, sucrose esters, poly glycerol esters of fatty acids, and poly glycerol polyricinoleate, available in the market, hinders the growth of the global lecithin market to some extent.
The impact of wide availability of substitutes on the global lecithin market is expected to be high in the short term, and medium in the medium and long terms. Moreover, the raw materials (soybean, egg, and sunflower) prices are increasing. The demand for high-quality lecithin from the food industry at low costs has created a challenge for the lecithin manufacturers.
The key companies operating in the global lecithin market include Archer Daniels Midland Company, Lipoid GmbH, Ruchi Soya Industries Ltd., Cargill Incorporated, Lasenor Emul S.L., Kewpie Corporation, E. I. du Pont de Nemours and Company, Aceitera General Deheza S.A., VAV Life Sciences Pvt. Ltd. and Sternchemie GmbH & Co. KG.
Key Topics Covered:
1. Research Scope and Methodology
2. Executive Summary
3. Market Outlook
4. Global Lecithin Market Size and Forecast (2011 - 2020)
5. Global Lecithin Market Breakdown by Geography
6. Competitive Positioning and Market Share Analysis
7. Company Profiles and Strategic Developments
- Aceitera General Deheza S.A. (AGD)
- Archer Daniels Midland Company (ADM)
- Cargill Incorporated
- du Pont de Nemours and Company (DuPont)
- Kewpie Corporation (Kewpie)
- Lasenor Emul, S.L.
- Lipoid GmbH
- Ruchi Soya Industries Ltd. (Ruchi Soya)
- Sternchemie GmbH & Co. KG (Sternchemie)
- VAV Life Sciences Pvt. Ltd.
For more information visit http://www.researchandmarkets.com/research/vfcxn6/global_lecithin