About Pet Lecithin
Pet Lecithin is present in the cells of animals. It is an important component of the cell membrane. Lecithin is an antioxidant that prevents cellular oxidation. It is also a natural fat emulsifier, allowing the body to use fat for energy or to break down saturated fatty acids and pass them through the body. Some dry dog foods claim that added lecithin, or lecithin, improves fat digestion, promotes a healthier coat, and, less frequently, sharpens the brain and lowers cholesterol. Lecithin is an important component of the cell's outer surface.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global pet lecithin market is highly fragmented with the foothold of a large number of companies. With new product launches in the fields of organic soy and sunflower lecithin the market is highly competitive. Several companies dedicated to the production of organic lecithin have recently entered the market to meet the growing demand from the food industry. The majority of key market players, including The Archer Daniels Midland Company, DuPont, and Cargill, Incorporated, are focusing on expanding their portfolio of non-GMO soy lecithin to meet the growing demand from organic food processors worldwide. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Pet Lecithin market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill, Inc. (United States), ADM (United States), Lipoid GmbH (Germany), Bunge Limited (United States), American Lecithin Company (United States), Global River Food Ingredients (United States), DuPont de Nemours, Inc. (United States), Stern-Wywiol Gruppe GmbH & Co. KG (Germany), Haneil Soyatech Pvt. Ltd. (India) and NOW Foods (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Thew Arnott & Co. Ltd. (United Kingdom), GIIAVA (India), AKK Soya International (United Kingdom), Imcopo Food Ingredients B.V. (Germany), Sun Nutrafoods (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Pet Lecithin market by Type (Fluid Lecithin, De-oiled Lecithin and Modified Lecithin), Application (Convenience Food, Bakery, Confectionary, Pharmaceutical, Personal Care and Cosmetics, Animal Feed, Other Industrial and Others) and Region.
On the basis of geography, the market of Pet Lecithin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid will boost the Pet Lecithin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Soy Lecithin will boost the Pet Lecithin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 24th September 2021, the acquisition of BIC Ingredients by AAK represents the next step in the company's goal of becoming a global leader in specialty lecithin. The acquisition significantly expands AAK's presence in the European lecithin market. The deal, according to the ingredient supplier, will help it achieve its goal of becoming one of the world's leading suppliers of specialty lecithin.
Additives included are those specified in the regulations promulgated under the FD & C Act, under Sections 401 (Food Standards), and 409 (Food Additives) (Food Additives). The Food Additives Status List includes short notations on use limitations for each additive. Refer to the specific regulation for each substance for more information on its use limitations.
Market Drivers
- Increasing demand for Natural Ingredients
- Growing Usage of Lecithin in Bakery and Confectionary, Meats and Dairy Products
- Changing Consumer Preference towards their Eating Habits
Opportunities
- Emerging Markets and Shifting Consumer Habits
- Rising Number of Food Outlets and Food Services boosts the Pet Lecithin Market
- Upsurge Demand from Aquaculture Industries
Restraints
- Replicability of Pet lecithin by synthetic
- Price Fluctuations of Raw Material Hamper the Growth of Market
- Sluggish Growth Due to Political Instability
Challenges
- Volatile Price of Raw Materials
- Supply Demand Gap Anticipated to Restrain the Market Growth
- Stringent Government Rules and Regulations
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Pet Lecithin Manufacturers, Pet Lecithin Suppliers & Distributors, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.