Nutrition & Supplements Segment is Estimated to Account for the Largest Share of the Phospholipids

The global lecithin market was valued at USD 1.08 billion in 2017 and is projected to reach USD 1.59 billion by 2023, at a CAGR of 6.7% during the forecast period. The global phospholipids market was valued at USD 3.04 billion in 2017 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 6.2% during the forecast period.

Download PDF Brochure

The lecithin market is driven by factors such as increased demand from the feed segment, a shift in preference towards convenience foods in the emerging economies of the Asia Pacific and South American regions. On the other hand, the phospholipids market is driven by the increased demand for natural ingredients in personal care products and cosmetics in countries such as China, India, Japan, and South Korea.

The nutrition & supplement segment is estimated to account for the largest share of the phospholipids market in 2018. The demand for phospholipids is growing in the developing economies of Asia Pacific, Eastern Europe, along with Africa, and the Middle East. Developing regions are expected to emerge as the fastest-growing consumers of phospholipids for pharmaceuticals and nutrition & supplement applications, due to the continuous increase in the per capita income in these regions and the increase in health awareness among consumers for natural ingredients.


The market for lecithin & phospholipids is dominated by key players such as include Cargill (US), ADM (US), Stern Wywiol Gruppe (Germany), DowDuPont (US), and Bunge (US). Other players include Lipoid GmbH (Germany), Wilmar International (Singapore), Sonic Biochem Extractions (India), Avanti Lipids Polar (US), Lecico (Germany), VAV Life Sciences (India), Sodrugestvo (Luxembourg), Kewpie Corporation (Japan), Sojaprotein (Serbia), American Lecithin Company (US), Sime Darby Unimills, Lecital (Austria), and Lasenor Emul (Spain).

Comments

Post a Comment

Popular posts from this blog

Increasing Aging Population and Focus on Preventive Healthcare to Drive the Growth of Nutraceutical Products Market

Image
The nutraceutical products market is projected to grow from USD 267.4 billion in 2019 to USD 404.8 billion by 2025, recording a CAGR of 7.2% during the forecast period. This is due to the increasing geriatric population, a rising number of chronic diseases, and growing consumer awareness about nutraceutical products. Download PDF Brochure The beverages segment is projected to be the fastest-growing segment due to the increasing consumer inclination towards healthy beverages fortified with several organic and nutraceutical ingredients, which is projected to drive the demand for functional beverage products. In addition, functional beverages serve the purpose of hydration, energy & rejuvenation, health & wellness, and weight management. Due to these factors, manufacturing companies are focusing on introducing new fortified functional beverages. The Asia Pacific market is projected to record the fastest growth in the market. Factors such as busy lifestyles have led to an incre...
Read more

Asia Pacific is the largest region and one of the significantly growing markets in food flavours

Image
The  Food Flavors Market   size is estimated to be valued at USD 16.4 billion in 2020 and is projected to reach USD 20.7 billion by 2025, recording a CAGR of 4.8% during the forecast period. The food flavors market is growing at a rapid pace with increasing innovations to launch customized flavor blends. Thus, manufacturers are exploring new revenue streams by launching customized blends in flavors. These customized flavor blends are being increasingly used to enhance the food & beverage product appearance and flavor. Therefore, the usage of flavors by food & beverage manufacturers to help strengthen their market positioning and create new product strategies is expected to aid the growth of the market further. Download PDF Brochure The development of advanced products, such as organic and natural beverage flavors, presents excellent opportunities for the growth of the food flavors market. Further opportunities for the market are seen in emerging economies through expan...
Read more

Asia Pacific is Projected to be the Fastest-Growing Region in Marine Collagen Market by 2025

Image
The Marine Collagen Market   is estimated to be valued at USD 620.3 Million in 2018 and is projected to reach USD 897.5 Million by 2023, growing at a CAGR of 7.7%. The market is driven by factors such as increasing protein consumption, inclination toward personal care & health supplements, and increase in R&D activities. Moreover, the rising prevalence of health-related problems is a key factor driving the market for marine collagen in the medical & pharmaceutical industry.  An increase in the consumption of processed and health-based food products has been driving the marine collagen market growth. Additionally, the demand for processed food products in developing regions is driven by the increase in disposable income. Download PDF Brochure   Asia Pacific is projected to be the fastest-growing region during the forecast period Manufacturers use marine collagen for various beauty and health supplements in the Asia Pacific due to abundant availability of raw m...
Read more