DUBLIN, May 21, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/c9tsw4/lecithin_and) has announced the addition of the "Global Lecithin & Phospholipids Market by Source (Soy, Sunflower, Egg), by Application (Food, Nutrition & Supplements, Cosmetics, Feed, Pharmaceuticals) - Forecasts to 2019" report to their offering.
The lecithin and phospholipids market is driven by the rising importance for nutrition and diet supplements. In addition to nutrition and supplements, lecithin and phospholipids are used in the food industry, pharmaceutical industry, animal feed industry, and many more industries such as cosmetics, paints, textiles, etc., albeit being in low quantities.
The growing awareness and the credibility of lecithin and phospholipids in imparting health benefits are a few of the driving factors for growth in the demand of these ingredients in the global marketplace. The increasing number of chronic diseases triggers health concerns in the consumers' mind.
Consumers are shifting their eating habits from hunger satisfaction to the intake of healthy food in order to either fulfill the nutrient deficiency in their body or to prevent the deficiency of major nutrients. Lecithin and phospholipids are obtained from egg, soy, sunflower, and rapeseed, dominantly.
The major applications for lecithin include food, feed, nutrition & supplements, cosmetics, and others. According to the analysis, food and feed are the most widespread applications for lecithin. The food application accounts for the major share in the usage of lecithin in terms of volume.
The lecithin market is dominated by the demand in the North American region, accounting for 94,301.9 tons in 2014. A high rate of adoption of lecithins in the end-use industries especially nutrition, supplements, and feed drives the Asia-Pacific market to grow at the highest CAGR of 9.4%. Factors such as the growing middle class, ageing population, onthe-go lifestyles that spurs the convenience food consumption will drive the market in emerging economies.
The major applications for phospholipids include nutrition & supplements and pharmaceuticals. According to the study, it can be inferred that the nutrition & supplements segment accounts for the highest contribution in terms of volume. This is due to the increase in importance for health consciousness, especially in the emerging economies.
The phospholipids market is dominated by the European region, accounting for 6,101.1 tons in 2014. The Asia-Pacific region is growing at the highest CAGR of 29.1%. The nutrition & supplements application contributes to 69.7% of the demand in the total European phospholipids market.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Industry Analysis
5 Addressable Market
6 Lecithin Market
7 Premium Insights
8 Phospholipids Market
9 Competitive Landscape
10 Company Profiles
- Archer Daniels Midland Company
- Avanti Polar Lipids Inc.
- Cargill Incorporated
- E. I. Du Pont De Nemours And Company
- Lasenor Emul Sl.
- Lecico Gmbh
- Lipoid Gmbh
- Ruchi Soya Industries Limited
- Stern-Wywiol Gruppe Gmbh & Co. Kg
- Vav Life Sciences Pvt. Ltd.
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SOURCE Research and Markets