Lecithin Market Type and Application, Global Forecast to 2030

1. Lecithin Market Size to Cross $ 3.4 Bn by 2030 Global Market Insights Inc.

2. Overview of Lecithin Market • The lecithin market is poised to witness robust growth through 2030 on account of increasing consumer preference for functional food products. Additionally, mounting demand for animal feed products around the globe is also expected to positively impact market expansion over the forecast timeframe. • Moreover, rigorous research and development activities related to food formulae have benefited the product landscape. For instance, in July 2022, a group of scientists from Egypt's National Research Centre developed gummies and spreads that can be used to boost the level of healthy fats in human bodies. For the gummies, the team made oleogels, which can be used for different functional ingredients like lecithin, phytosterols, and B-carotene. • Furthermore, companies have also been investing in geographical expansion to extend their consumer reach, which has been lucrative for business growth. To cite an instance, in August 2021, Thew Arnott, a prominent manufacturer in the lecithin market, opened a new processing facility in Illinois. This facility was intended to be used as a lecithin blending site for processing standard, non-allergen, non-GMO variants of the natural emulsifier. Global Market Insights Inc.

3. Continue… • In another notable development, in September 2021, AAK, a Malmo-based firm specializing in plant-based oils, agreed to acquire the lecithin division of BIC International Holding, BIC Ingredients. This move was expected to enhance AAK's presence in the European lecithin industry. With this acquisition, the existing products of BIC Ingredients will be integrated into AAK's portfolio and sold under its Akolec brands. • The market has been divided into animal feed, cosmetics, food & beverages, pharmaceuticals, and industrial. Among these, the industrial segment accounts for a sizable market share and is likely to observe robust expansion up to 2030. Increasing usage of lecithin in the production of high-quality paint formulations owing to its emulsifying and non-toxic nature is estimated to boost segmental progress through the analysis timeframe. • The lecithin market has been segregated into soy lecithin (GMO soy lecithin and non-GMO soy lecithin), sunflower lecithin, canola lecithin, and egg yolk lecithin. Surging utilization of lecithin in food products like mayonnaise due to its emulsifying properties is speculated to drive the growth of the egg yolk lecithin segment over the review timespan. • Notable participants in the Lecithin Additives market includeKerry Group, BRF Ingredients, Symrise, Kemin Industries Inc. and Cargill Global Market Insights Inc.

4. Continue… • In the Middle East and Africa, the proliferating demand for poultry feed has been increasing rapidly, and this, in turn, is expected to augment MEA lecithin industry growth in the upcoming time period. Meanwhile, the Latin America lecithin market is foreseen to register strong gains through 2030 on account of an increase in consumer spending on retail products, such as baked products and other ready-to-eat products. • Notable participants in the Lecithin market includeArcher Daniels Midland (ADM), Cargill, International Flavors & Fragrances (IFF), Bunge Limited, GIIAVA, Ruchi Soya, and Wilmar International Global Market Insights Inc.

5. Browse Full Research Report On Lecithin Market@ https://bit.ly/3Yby271 Request for a sample of this research report @ https://bit.ly/3Y9Oftr Global Market Insights Inc.

6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.