Modified lecithin Market Outlook
Lecithin is produced, primarily as a by-product of vegetable oil production and refining from sources such as sunflower, soy, corn, rapeseed, etc. Lecithin is composed of phospholipids, a group of fatty substance. Modified lecithin is produced by standardization, filtration, fractionation, or enzymatic modification of the crude lecithin that is produced during oil production. Modified lecithin with the subjection of modification is used as an emulsifier with high water-dispersability, excellent in oil-in-water performance, increased heat resistance, and improved wetting ability. Modified lecithin is used in the form of liquid or powder in various food and beverage industry products such as baked goods, dairy products, instant beverage mixes, confections, etc. Modified lecithin with the aid of enhanced functionality also is evidently used in the cosmetics and personal care products such as skin care, hair care, and body care.
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Increasing Awareness about the Health Benefits of the Lecithin Propelling the Demand for the Modified Lecithin in the Global Market
Global modified lecithin market is majorly driven by the increasing application in various food and beverage products, including baked goods, confectionery, dairy products, gravies and sauce, cheese production, etc. Food and beverage industry is flourishing owing to the increasing demand from increased population around the world which is driving the demand for the modified lecithin with improved functionality.
Modified lecithin, modified chemically or enzymatically, has excellent capability to interact with other substance such as proteins and starches and resulting in synergistic effect. This property of modified lecithin, a surface active additive is utilized in the cosmetic and personal care products such as skin care, hair care, body care, etc. with improved emulsifying and dispersing property. Due to advancements in the technology and regular introduction of new and innovative products, cosmetic industry is expanding at a tremendous pace. The increased consumption of cosmetic products is likely to drive the demand for modified lecithin and create a positive outlook in the global market.
Lecithin, earlier was derived primarily from bovine brain, however due to the risk of getting infected with Mad Cow disease, the demand for animal-derived lecithin declined drastically. Manufacturers of modified lecithin in the industry are inclined towards sourcing lecithin that are plant-based such as sunflower and soybeans. Considering the popularity of plant-based ingredients in the food and beverage industry and cosmetics industry, plant-based modified lecithin expected to have increased opportunity.
Modified lecithin Market Segmentation
The Modified lecithin market can be segmented on the basis of form, nature, source, grade, and end use.
On the basis of form, the modified lecithin market can be segmented as:
On the basis of nature, the modified lecithin market can be segmented as:
On the basis of source, the modified lecithin market can be segmented as:
On the basis of grade, the modified lecithin market can be segmented as:
- Food Grade
- Feed Grade
- Industrial Grade
On the basis of end use, the modified lecithin market can be segmented as:
- Food & Beverage Bakery & Confectionery Dairy Products Convenience Food Others
- Cosmetics & Personal Care
- Animal Feed
On the basis of distribution channel, the modified lecithin market can be segmented as:
- Direct Sales/B2B
- Indirect Sales/B2C Online Retail Specialty Stores Mass Grocery Stores
Modified lecithin Market: Regional Analysis
North American and European countries share major percentage of the global modified lecithin market at the present. The high consumption is supported by the availability and awareness about the modified lecithin and its benefits. East Asia and South Asia are likely to show the highest CAGR over the forecast period owing to the increasing awareness and entrance of key players in the market of modified lecithin.
Modified lecithin Market: Key Participants
Some of the market participants in the Modified lecithin market are:
- Cargill Inc.
- I. du Pont de Nemours and Company
- Amitex India
- Archer Daniels Midland Company
- American Lecithin Company
- Avril Group
- Sail Far Technology
- Vinayak Ingredients India Pvt. Ltd.
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The research report presents a comprehensive assessment of the Modified lecithin market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, nature, source, grade, and end use.
The report covers exhaustive analysis on:
- Modified Lecithin Market Segments
- Modified Lecithin Market Dynamics
- Modified Lecithin Market Size
- Modified Lecithin Supply and Demand
- Current Trends/Issues/Challenges pertaining to Modified Lecithin Market
- Competition Landscape and Emerging Market Participants in Modified Lecithin Market
- Technology related to Production/Processing of Modified Lecithin
- Value Chain Analysis of the Modified Lecithin Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing dynamics of the Modified lecithin market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the Modified lecithin market
- Competitive landscape of the Modified lecithin market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Modified lecithin market performance
- Must-have information for Modified lecithin market players to sustain and enhance their market footprint