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Lecithin Market Share, Size, Trends, Industry Analysis Report By Source (Rapeseed, Sunflower, Soy, Other Sources); By Type (Fluid Lecithin, De-Oiled Lecithin, Modified Lecithin); By Application (Food Products, Animal Feed, Pharmaceuticals & Personal Care, Industrial, Other Applications); By Region: Segment Forecast, 2018 - 2026
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Lecithin MarketSet to Exceed USD USD 1,605 million by 2026 | CAGR 5.7% “Lecithin Market Share, Size, Trends, Industry Analysis Report By Source (Rapeseed, Sunflower, Soy, Other Sources); By Type (Fluid Lecithin, De-Oiled Lecithin, Modified Lecithin); By Application (Food Products, Animal Feed, Pharmaceuticals & Personal Care, Industrial, Other Applications); By Region: Segment Forecast, 2018 - 2026”
Lecithin Market Estimate & Forecast to 2026 The Lecithin Market is anticipated to reach over USD 1,605 million by 2026 according to a new research published by Polaris Market Research. In 2017, the soy segment dominated the global market, in terms of revenue. Europe was the leading contributor to the global market revenue in 2017. A significant increase in awareness regarding healthy diet, changing lifestyles, and health benefits offered by Lecithin drive the growth of the Lecithin Market. Other driving factors include growing inclination towards use of naturally sourced products, and increasing use of Lecithin in medicinal and pharmaceutical applications. Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific further fuels the growth of the Lecithin market. Factors such as increase in per capita income, changes in consumer behavior, and increased awareness regarding health and nutrition are expected to accelerate the adoption of Lecithin in the coming years. Increasing demand from developing nations, and growing use in the nutraceuticals industry is expected provide numerous growth opportunities to the market players during the forecast period. .
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Lecithin Market Estimate & Forecast to 2026 The contact lenses market by usage type is segmented into Corrective, Therapeutic, Cosmetic, Prosthetic, and Lifestyle-oriented. The corrective lenses usage segment is currently growing at a CAGR of more than 6.2%. The demand is attributed to its various applications. Whereas, cosmetic lenses segment is expected to witness high growth during the forecast period. On the basis of design, the hybrid lens segment is anticipated to experience a noteworthy growth as it is a combination of both soft lenses and rigid gas permeable lenses. Thus, it provides comfort of soft lenses coupled with the visual clarity offered by rigid gas permeable lenses. The growth of hybrid lenses segment is expected to propel with the increased demand from people with keratoconus and astigmatism conditions. The key strategies adopted by the market players include long-term partnerships among the other players in supply chain particularly, distributors and suppliers with an aim to increase their geographical footprint. For instance, in 2016, Vision Direct Group Ltd. was acquired by Essilor International S.A. for the enhancement of its online retailing business presence. Major industry players include Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Bausch + Lomb, Incorporated, Carl Zeiss AG, CooperVision, Inc., Contamac U.S., Inc., Hoya Corporation, Essilor International S.A., Medennium and Johnson & Johnson Vision Care, Inc. among others. Browse Complete Report
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