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Lecithin's stabilising and beautifying properties are increasing its demand in the skincare and cosmetic sectors, driving the lecithin market growth. Changing beauty standards and health awareness have increased consumer's attention towards self-care. Consumers are increasingly opting for clean-label skincare products. The use of high-quality lecithin that meets the criteria for clean labelling is thus rising.
There is a rising demand for vegan products among consumers. The use of organic and plant-based lecithin in food additives can help producers attract potential vegan customers. Animal-based lecithin or lecithin sourced from egg yolks can easily be replaced with soy, rapeseed, or sunflower lecithin. Latin American nations contribute more than 51% of the global soybean production. In 2021-2022, Brazil was the leading soybean producer, while the United States of America held the second position with over 121 Mt.
Further, the mass manufacturing of edible products implies an increased ratio of ingredients in the recipe. As the number of ingredients rises, it becomes difficult for commercial food producers to get the viscosity of the blend right. Consequently, the demand for lecithin as an emulsifier is rising. Lecithin is an effective emulsifier that holds the non-soluble ingredients of recipes together.
Major players in the lecithin market include Archer Daniels Midland Company (NYSE: ADM), Bunge Limited, Cargill, Incorporated, Caldic B.V., and Lecithin GmbH, among others.
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The major players in the lecithin market are Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, Caldic B.V., Lecithin GmbH, Lecilite Ingredients Pvt Ltd, Lipoid GmbH, and Sternchemie GmbH & Co. KG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Form |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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