August 14, 2019 by Steve Blade
According to a new Fact.MR study, the egg yolk lecithin market will record a steady growth to exceed revenues worth US$ 480 Mn by 2028-end. Fast-paced and hectic lifestyles of consumers have meant that demand for processed food and packaged food has surged significantly, thereby creating demand for egg yolk lecithin as an effective emulsifying agent.
The rise in disease outbreaks has steered consumers’ focus toward following a healthier lifestyle, and are more concerned about safety of food they consume. This has driven the demand for nutrient-rich food & beverage products and supplements that contain naturally-sourced ingredients, such as egg yolk lecithin. Egg yolk lecithin has been associated with several health benefits, such as cholesterol regulation, fat digestion, and plays an imperative role in brain formation, memory, and sleep induction.
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Table of Content
Chapter 1 Executive Summary
Chapter 2 Global Egg Yolk Lecithin Market Overview
Chapter 3 Market Dynamics
To be Continue..........
Fluctuating Raw Material Prices Confining Growth Prospects of Egg Yolk Lecithin Market
According to the U.S. Department of Agriculture (USDA), egg prices have increased by 35% than the previous year, significantly influenced by the ripple effects of bird flu that devastated the poultry sector in Midwest in 2015. Egg costs in Europe also witnessed an uptick, as a large amount of eggs were affected from insecticides used for controlling fleas in chickens.
Additionally, in developing countries of Asia, such as India, egg prices witnessed fluctuations against the backdrop of intense cold wave that resulted in steep decline in egg production, while egg consumption continued to grow. Such rise in cost of eggs is expected to rub off on prices of its by-products, and egg yolk lecithin is no exception. Uncertainties are therefore likely to prevail to some extent, with fluctuating raw material costs confining future growth prospects of the egg yolk lecithin market.
Egg Yolk Lecithin Market: Uptake of Nutraceuticals to Augur Well for Future Expansion
From fortified food products to dietary supplements, a steep rise has been observed by the nutraceuticals thanks to bolstered demand from consumers. Medical and science professionals have been leveraging the upward trend of preventive health among consumers, particularly across developed regions.
Demand for egg yolk lecithin, complemented by inclining consumer preferences for non-GMO food, as a nutritional supplement has surged. This is mainly because egg yolk lecithin comprises choline, of which adequate consumption (550 mg - Men & 425 mg - Women) has been deemed beneficial for health by the National Academy of Sciences’ Institute of Medicine. Rapid growth of the nutraceuticals industry has spurred growth of the egg yolk lecithin market.
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