What is Natural Lecithin?
Natural Lecithin is derived from various commercial sources such as sunflower, egg yolks, soybeans, and many others. Natural Lecithin market has high growth prospects due to maximum used for smoothing food textures, repelling sticky mixtures, emulsifiers and homogenizing liquid mixtures. Additionally, Increasing demand for natural lecithin across end-use industries such as food & beverages, pharmaceutical and cosmetic and other industries is steering market growth. Rising consumer awareness towards treatment of alzheimers diseases, gall bladder diseases and wettings agents will support industry demand. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on fastest-growing verticals for the Food & beverages industry.
The market study is broken down by Type (Animal Source Lecithin and Plant Source Lecithin), by Application (Pharmaceuticals, Cosmeticds, Food and Beverages and Other) and major geographies with country level break-up. According to AMA, the Global Natural Lecithin market is expected to see growth rate of 6.2% and may see market size of USD1.2 Billion by 2026.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ADM (United States), Cargill (United States), Danisco (Denmark), Soya International (United Kingdom), American Lecithin (United States), DowDuPont (United States), Bunge (United States), Now Foods (United States), The Arnott Group (United Kingdom) and Pure Formulas (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Natural Lecithin market by Type, Application and Region.
On the basis of geography, the market of Natural Lecithin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
Market Leaders and their expansionary development strategies
In September 2019, Swedish Company AAK acquiring a majority stake in UK Based Soya International. This acquisition is beneficial for supplying products that including non-GMO liquids lecithin, non-GMO powdered lecithin, organic lecithin and specialty lecithin solutions for infant nutrition, dairy, chocolate and bakery & Confectionary products.
In October 2018, Lasenor launched an organic soya lecithin in United States Region. It is an organic product that is beneficial for organic standards. This equipment is beneficial for overcoming the existing products.
Market Trend
- Increasing demand from Asia-Pacific Region
- Value Oriented Customers
Market Drivers
- Increasing demand for Natural Ingredients
- Growing Usage of Lecithin in Bakery and Confectionary, Meats and Dairy Products
- Changing Consumer Preference towards their Eating Habits
Opportunities
- Rising Number of Food Outlets and Food Services boosts the Natural Lecithin Market
- Increasing Health Awareness among Customers
- Upsurge Demand from Aquaculture Industries
Restraints
- Price Fluctuations of Raw Material Hamper the Growth of Market
- Sluggish Growth Due to Political Instability
Challenges
- Supply Demand Gap Anticipated to Restrain the Market Growth
- Stringent Government Rules and Regulations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.