”, the market is estimated to reach $975.42.8 million by 2023 at a CAGR of 5.6%.
The Americas holds major market share during 2018-2023
The Americas obtain major growth share in Soy Lecithin Market and remain to be the same during the forecast period. The market is anticipated to reach $360 millions by 2023 at a CAGR of 5.6%. The progress is attributed to the burgeoning hotel and restaurant industry and therefore, increased frozen bake-off pastries and bakery product consumption, mostly in breakfast buffet. The key end user markets in Americas are Food and Beverage, Animal Feed Industry, Plastic, Pharmaceutical, Paint, and others.
Selected Patent Analysis done in the full report:
Lu Mingfu, Univ Northeast Agricultural, Botica Com Farmaceutica S A and many more are the major companies who filed patents for the Soy Lecithin Market.
Lu Mingfu, Univ Northeast Agricultural, Botica Com Farmaceutica S A together obtained 12 patents during the period.
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Excerpts Growth Factors Mentioned in the Full Report:
Low pricing and abundant availability of soy bean in international markets is driving the market of organic soy lecithin globally. Because of its high choline content, Lecithin supplement is used in a large array of daily foods. With the increase in per capita income, the expenditure on convenience foods and healthcare products has increased, which has resulted in an increase in the demand for granulated lecithin, sunflower lecithin, & Phospholipids. Additionally, the umpteen sunflower lecithin benefits help to bring the new found love to the market.
The key strategies for Soy Lecithin Market includes product offering, partnerships, acquisitions, collaboration, agreements, and expansion.
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Key players of Soy Lecithin Market:
Archer Daniels Midland Company, Bunge Limited, E. I. DU PONT DE NEMOURS AND COMPANY, Archer, and Ruchi are analyzed to be the dominant players of the Soy Lecithin Market.
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