Growing health conscious demographic coupled with prevalence of obesity are driving the consumption of food & beverages products with high nutrient content in the recent years. With increasing awareness of their benefits, food products containing naturally-obtained ingredients such as egg yolk lecithin have been witnessing a significant demand in the Asia Pacific region. In the latest market study by Fact.MR, egg yolk lecithin market is expected to gain high traction from emerging economies of Asia Pacific with growing inclination towards healthy processed and packaged food. Rapid urbanization and industrial growth in developing countries such as China and India have contributed to a hectic lifestyle and desk-bound work which translated to several health disorders. This has led to surge in the demand for egg yolk lecithin in Asia Pacific, owing to its ability to prevent the risk of various diseases.
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Egg yolk lecithin not only provides benefits to body functions and neurological disorders but also falls under clean label products which will continue to augment the growth of the market. Growing consumers awareness about the food they consume are stimulating the demand for products devoid of artificial additives, thereby influencing the adoption of egg yolk lecithin. Preference of non-GMO ingredients such as egg yolk lecithin in the food products is further likely to fuel growth in egg yolk lecithin market.
Although Fact.MR’s study foresees the egg yolk lecithin market to be optimistic in the Asia Pacific region over the period (2018-2018), fluctuation in egg prices in India is expected to hamper the market growth. Uncertainties in the production and consumption of eggs lined with fluctuating prices are anticipated to confine the growth prospects of egg yolk lecithin market in developing nations of Asia Pacific. It is further likely to be affected by occurrence of bird flu and use of insecticides to remove fleas from chickens.
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Fact.MR offers in-depth analysis and key insights on the global egg yolk lecithin market over the assessment period, 2018-2028. In terms of revenue, the global egg yolk lecithin market is likely to surpass market value worth US$ 480Mn by 2028-end, expanding at healthy CAGR of 6.2% during the forecast period. On the basis of product type, the global egg yolk lecithin market is likely to be dominated by de-oiled egg yolk lecithin with highest revenue share. While fractioned egg yolk lecithin is expected to be a lucrative product, refined egg yolk lecithin is gaining high popularity among the consumers. According to the Factr.MR’s study, nearly 32,700 tons of fractioned egg yolk lecithin are likely to be sold over the period of assessment.
Food & beverage industry is expected to maintain its dominance over other end users of global egg yolk lecithin market, accounting for over 50% of the revenue share. It acts as emulsifying agent in producing processed meat and ready-to-eat meals, influencing high demand from food sector. Although Europe is currently in the forefront of global egg yolk lecithin market, North America will outgrow the Europe market by 2028-end, reveals the Fact.MR’s study. Penetrating trends of nutraceuticals and awareness of clean label products will possibly bolster the egg yolk lecithin market in North America.
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