In a recent published report, Kenneth Research has updated the market report for Lecithin Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Lecithin Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
As per the latest report published by Variant Market Research, Global Lecithin Market is estimated to reach $1,364 million by 2024; growing at a CAGR of 6.1% from 2016 to 2024. Lecithin is basically a fat, produced from several sources such as egg, soya, and sunflower, among others. Due to its functional property of emulsifier and anti-spatter, stabilizing agent, it has various applications in many end use areas which comprises pharmaceutical, food and beverage, animal feed, cosmetic, and nutrition & health supplements. Various factors such as high adoption of lecithin in end use industries, and increasing health awareness among consumers are driving the growth of the global lecithin market over the forecasted period.
Major factors driving the global lecithin market are growing acceptance of lecithin in end use industries, rising alertness regarding health issues, changing lifestyles, increase in per capita income. However, instable prices of raw materials & soya lecithin allergy may hamper the market growth. Furthermore, growing acceptance of lecithin in developed nations & emergent markets would unfold with numerous growth opportunities in the forecasted years.
Major segments in the global lecithin market are source, application, and geography. By source, the market is bifurcated into soya, egg, sunflower, and other sources. Application is further segmented into food, feed, nutrition & health supplements, cosmetics, and other applications.
Geographically, global Lecithin market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, and Rest of Asia- Pacific, while RoW is bifurcated into South America, Middle East, and Africa.
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The key market players competing in the market are Archer Daniels Midland Company, Lipoid GmbH, American Lecithin Company, Thew Arnott & Co., Ltd., Bunge Limited, Cargill Inc., VAV Life Sciences Pvt. Ltd., NOW Foods, Sternchemie GmbH & Co. KG., and DuPont Nutrition & Health, among others.
The key takeaways from the report
The report will provide detailed analysis of Lecithin Market with respect to major segments such as source, and application
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Lecithin Market has been included in the report
Profile of the key players in the Lecithin Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Lecithin Market
Source Segments
Soya
Egg
Sunflower
Other Sources
Application Segments
Food
Feed
Nutrition & Health Supplements
Cosmetics
Other Applications
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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