Lecithin Market Growth, Key Player Analysis and Forecast 2032

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Lecithin Market Size to Cross 3.4 Bn by 2030
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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.

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• 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 include Kerry Group, BRF Ingredients,
  Symrise, Kemin Industries Inc. and Cargill

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• 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
  include Archer Daniels Midland (ADM), Cargill,
  International Flavors Fragrances (IFF), Bunge
  Limited, GIIAVA, Ruchi Soya, and Wilmar
  International

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