The Europe Lecithin Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).
Egg yolks, liver, spinach, peanuts, corn, and whole grains are all good sources. Soybeans are the major commercial source of lecithin since it is a great source and are produced in enormous numbers. Commercial lecithin can be found in baking mixes, candy, chewing gum, ice cream, chocolate, macaroni and noodles, whipped toppings, margarine, and other foods. It's most typically used as an emulsifier, or chemical that helps water and oil mix.
Lecithin is being used more frequently in confectionery and bakery, convenience meals, and feed products as the desire for natural ingredients grow. The demand for lecithin in the form of food additive in the food and beverage sector tends to be driven by an increase in the number of food outlets as well as food service operations. Consumer preferences for convenience foods, changing work cultures, and global retail expansion are driving the lecithin market.
Additionally, rising disposable income, increasing demand for organic food additives, changing lifestyles, and an increase in health-conscious customers as a result of an increase in obesity cases all benefit the lecithin industry. Moreover, the rising demand for green as well as organic food products, as well as an increase in the demand for alternative sources of lecithin, provide profitable prospects for market players.
The European Food Safety Authority approved the utilization of lecithin in the feed of all animal species in 2016. This has opened up prospects for manufacturers across the region. In addition, the convenience of confectionary and food product categories is driving growth in the German sector. Major food corporations such as Nestlé, Vion Food Group, Dr. Oetker, Tchibo, Coca-Cola, and Mondelez International are prevalent in the country, supporting the growth of the market.
In the United Kingdom, the development of the market has been aided by the collection of scientific proof of lecithin's various health benefits over traditional emulsifiers. The market is growing because consumers in the United Kingdom are becoming more aware of the nutritional value of lecithin. Additionally, the sales of plant-based goods are expected to increase at a significant rate in the United Kingdom in the coming years. Immunity and nutrition are becoming more and more significant parts of a country's acceptable standard of living.
The Germany market dominated the Europe Lecithin Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $146.8 Million by 2028. The UK market poised to grow at a CAGR of 5.5% during (2022 - 2028). Additionally, The France market would witness a CAGR of 7.1% during (2022 - 2028).
Based on Application, the market is segmented into Feeds, Food & beverages, Industrial, and Healthcare. Based on Nature, the market is segmented into GMO and Non-GMO. Based on Type, the market is segmented into Fluid, De-oiled, and Modified. Based on Source, the market is segmented into Soy, Sunflower, Rapeseed & canola, Egg, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Lecithin Market Size will Hit $2.5 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Bunge Limited, DuPont de Nemours, Inc., Wilmar International Limited, Kewpie Corporation, IMCD N.V., Avril Group, Lipoid GmbH, Stern-Wywiol Gruppe GmbH & Co. KG, and Cargill Corporation.
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