Scienza e Tecnologia
Phospholipids Market Projected to Increase at a Robust 7.6% CAGR, to Reach a Valuation of US$ 6,292.0 Mn in 2032, Says FMI
Rising demand for natural phospholipids to be used in natural cosmetics owing to the high inclination towards natural skin products, along with various health benefits offered by phospholipids in nutraceuticals and infant formulas, will continue pushing sales in the phospholipids market.
Abundant availability of raw materials such as sunflower, rapeseeds, milk, corn etc., and versatility of phospholipids in wide end use applications is contributing to the growth of the phospholipids market. Besides this, increasing frequency in new product launching from the key players, is expected to continue pushing sales of phospholipids.
As per FMI's regional analysis, US is anticipated to dominate the global phospholipids market. Growth can be attributed to consumer investments on personal care products especially in skin care products, and to presence of prominent manufacturers, forecasting a huge demand for the same in the coming years.
Leading players operating in the global phospholipids market include Avanti Polar Lipids Inc., Bunge Ltd., Cargill, Inc., Lecico GmbH, Lipoid GmbH, VAV Life Sciences Pvt. Ltd., Matreya, LLC, NOF CORPORATION, and others.
Leading players operating in the phospholipids market are engaging in strategic mergers and acquisitions, and are focusing on expansion of their production capacities. Apart from this, players are increasing investments in research and development to develop high quality phospholipids for different end use applications. For instance:
The global market of magnesium sulphate is currently valued at around US$ 610.2 Mn, and is anticipated to witness a year on year growth of 5.4% in 2022 reaching a value of US$ 643.3 Mn by 2022 end.
Future Market Insights (FMI) has estimated the market of petroleum jelly to witness a year over year growth of 3.8% in 2022 reaching a value of about US$ 463.8 Mn by the end of 2022.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai , and has delivery centers in the UK, U.S. and India . FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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