Persistence Market Research delivers key insights on the global lecithin market in its published outlook titled, “Lecithin Market: Global Industry Analysis and Forecast, 2016–2024”. In terms of value, the global lecithin market is expected to expand at a CAGR of 5.4% during the forecast period due to various factors on which PMR offers vital insights in detail. Global lecithin market was valued at US$ 770.5 Mn in 2015 and is expected to reach a value of US$ 1225.0 Mn at the end of the forecast period in 2024.
Food additives are used in various food products in order to impart desirable qualities in various food products and also to make food more appealing. For example, emulsifiers such as lecithin improve the texture in salad dressings and other food products. Increasing preference for low fat food and rising demand for convenience foods and packed foods in the market in various developed and developing countries are factors primarily driving growth of the global lecithin market. In terms of the various food emulsifier products, demand for lecithin is expected to increase at a reasonable rate till the end of the forecast period.
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