Global Egg Yolk Lecithin Market, By Forms (Liquid, Powder, Particles and Granules), By Product (Purified Egg Yolk Lecithin, Oil Free Egg Yolk Lecithin, Fractionated Egg Yolk Lecithin, Modified Egg Yolk Lecithin), By End-Use Industry (Pharma, Dietary Supplements, Food and Beverages, Cosmetics and Personal Care, feed, other end-use sectors) By region (North America, Latin America, Europe, Asia. Pacific, Middle East and Africa) - industry trends and forecast to 2030.
Global Egg Yolk Lecithin Market
Global Egg Yolk Lecithin Market is expected to reach USD 230.68 million by 2022, which will reach USD 378.89 million in 2030, registering a CAGR of 6.39% during the forecast period 2023-2030.
Egg yolk lecithin is a functional lipid in egg yolk, also known as phospholipid because of the phosphorus in its structure. As a natural emulsifier, it is used in foods, cosmetics and medicines.
Market Drivers
Consumers are opting for special diets due to growing health awareness. Realizing the danger, consumers became more health conscious and opted for a special keto and protein-based diet. Customers are also looking for low-calorie, trans-fat food ingredients, such as egg yolk lecithin. Despite its high fat content, egg yolk lecithin has been linked to weight loss due to its ability to break down larger fat molecules into smaller molecules that can be used as a source of energy instead of being stored as fat. These trends in consumer behavior will drive the egg yolk lecithin market even further. Growing demand from various industries Industries that use significant amounts of egg yolk lecithin include food and beverage, cosmetics and personal care products, and animal feed. Demand for enzyme supplements has increased, fueled by regulatory support from agencies such as the European Commission and food and drug departments such as the US, India and Japan, which is fueling the growth of the egg yolk lecithin market.
Market Restraints
The rise in prices of raw materials restrains the growth of the egg yolk lecithin market during the said period. This Egg Yolk Lecithin market report includes information on new latest developments, business rules, import and export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyze opportunities based on new revenue pockets, changes. in market regulation, strategic market growth analysis, market size, category market growth, application niches and governance, product approval, product launch, geographic expansion, technological innovations in the market.
Market Opportunities
Clean label products are all natural, no GMO products and made from real ingredients without additives and preservatives. The main advantage of a clean label product is that consumers can easily read the ingredients and it is organic and chemical free. Companies should have good packaging design, food transparency and simple ingredients with functional benefits.
Impact of COVID-19
During the pandemic, the demand for eggs increased due to the COVID-19 epidemic. During the pandemic, eggs and egg yolk lecithin products provided nutritious food to support the immune system. To comply with the restrictions, many farms supplied eggs through online stores. In 2020, individual consumption of eggs in the United States is expected to exceed 250 eggs. The reason for this is mainly the increased awareness of the health benefits of eating eggs during the pandemic. This has led to the introduction of egg yolk lecithin in large numbers over the past years to meet consumer demand and provide nutritious foods in various desired forms.
Market segmentation
Global Egg Yolk Lecithin Market is segmented on the basis of By Forms, By Product, By End-Use Industry
Based on the By Forms market is segmented into Liquid, Powder, Particles and Granules. Further market is segmnetd into By Product market is segmnetd into Purified Egg Yolk Lecithin, Oil Free Egg Yolk Lecithin, Fractionated Egg Yolk Lecithin, Modified Egg Yolk Lecithin. By End-Use Industry market is segmented into Pharma, Dietary Supplements, Food and Beverages, Cosmetics and Personal Care, feed, other end-use sectors.
Regional Analysis
Global Egg Yolk Lecithin Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Key Players.
Various key players are listed in this report such as Optimum Nutrition, NOW Foods, Naked Nutrition, Ultimate Paleo Protein, MRM Nutrition, SANOVO TECHNOLOGY A/S, Igreca, Bouwhuis Enthoven, Rose Acre Farms, Merck KGaA.
Market Taxonomy
By Forms
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