The
Global egg phosphatidylcholine market is poised to reach USD 12.2
million by 2020.Key factors attributing to its rapid growth include the
presence of high chlorine essential nutrient content which helps
patients to recover from memory loss. Growing occurrence of neurological
diseases including amnesia and Alzheimer’s among aged population is
expected to increase the demand for egg phosphatidylcholine.
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Demand
for egg phosphatidylcholine is expected to grow over the forecast
period owing to increasing awareness among consumers regarding
consumption of food high with nutritional value. Increasing awareness
among youth to use quality cosmetic products is expected to further
propel growth.
In
cosmetics, the compound is used as a solubilizer, moisturizer and
emulsifier for different ointments. It helps in preventing cellular
damage to the skin structure and provides elasticity and smoothness. The
segment is expected to grow at a CAGR of 5.0% over the forecast period
to reach a value exceeding USD 2.1 million by 2020.
Dietary
supplements were valued at USD 5.7 million in 2013 and is expected to
grow at a CAGR of 5.6% during the forecast period. Rising consumer
awareness regarding general well-being by consumption of essential
nutrients is expected to fuel growth.
Egg
phosphatidylcholine demand for pharmaceutical exceeded USD 1.2 million
in 2013. They help in enhancing solubility of active ingredients in
pharmaceutical formulations. Increasing government spending on the
development of the healthcare sector across the globe is expected to
bolster growth.
Europe
was the leading market accounting for 34.0% of the global industry in
2013 owing to high consumer awareness regarding the benefits of the
ingredient. Rising demand for cosmetics in countries including Germany,
France, Italy and UK is expected to increase demand over the forecast
period.
Demand
for the product in North America is being driven due to the presence of
numerous dietetic supplement manufacturers in the region. The market is
estimated to reach a value of USD 3.70 million by 2020.
Asia
Pacific is expected to grow at a CAGR of 10.2% over the forecast
period. Increasing demand for egg phosphatidylcholine in various end-use
applications including cosmetics, pharmaceuticals and dietary
supplements coupled with the growth of these end-use industries is
expected to drive growth.
Prominent
players in the industry include NOF America Corporation, Jena
Bioscience GmbH, Harmony Whole Foods Market, Natural Factors, Kewpie
Corporation, Nutrasal Inc., Avanti Polar Lipids Inc. and Vitamin
Research Products. The industry has a high degree of consolidation owing
to limited number of manufacturers. In addition, volatility in raw
material and product pricing will deter the entry of new players.
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Grand View Research has segmented the global egg phosphatidylcholine market on the basis of application and region:
Egg Phosphatidylcholine Applications Outlook (Revenue, USD Million, 2012 - 2020)
- Cosmetics
- Pharmaceuticals
- Dietetic Supplements
- North America
- Europe
- Asia Pacific
- ROW
Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-egg-phosphatidylcholine-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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