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脱油レシチンの世界市場調査レポート：産業分析、規模、シェア、成長、動向、2025年から2033年までの予測

Global De-Oiled Lecithin Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast 2025 to 2033

出版日
ページ情報
英文 141 Pages
納期
即日から翌営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=149.46円
脱油レシチンの世界市場調査レポート：産業分析、規模、シェア、成長、動向、2025年から2033年までの予測
出版日: 2025年08月01日
発行: Value Market Research
ページ情報: 英文 141 Pages
納期: 即日から翌営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

脱油レシチンの世界市場規模は、2024年の2億6,155万米ドルから2033年には5億2,809万米ドルに成長し、2026～2033年の予測期間中に8.12％の堅調な年間平均成長率（CAGR）を示すと予測されます。

脱油レシチン市場は、様々な飲食品用途で天然乳化剤や機能性成分の需要が高まり続けていることから、大きな成長を遂げています。脱油レシチンは、大豆、ヒマワリ、またはその他の供給源に由来し、その乳化特性で知られ、焼き菓子、チョコレート、ドレッシングなどの製品に一般的に使用されています。健康と栄養に対する意識の高まりを背景に、消費者がクリーンラベルや天然材料を求める傾向が強まっているため、脱油レシチン市場はさらに拡大すると予想されます。この動向は、製品の品質と安定性の向上を目指す食品メーカーに特に顕著です。

さらに、健康とウェルネスを重視する傾向が強まっていることも、脱油レシチン市場に大きな影響を与えています。消費者の健康志向が高まるにつれて、消化機能の改善や認知機能の向上など、機能的なメリットをもたらす成分への需要が高まっています。メーカーは、栄養面での利点を強調し、より健康的な選択肢を求める消費者の嗜好に沿った脱油レシチン製品を開発することで対応しています。このような健康志向の成分へのシフトは、企業が消費者の進化するニーズに応えようとしているため、脱油レシチン市場を推進すると予想されます。

さらに、抽出・加工技術の進歩が脱油レシチンの能力を高めています。酵素抽出やコールドプレスなどの製造方法における革新は、脱油レシチンの品質と純度を向上させ、様々な用途により魅力的なものにしています。さらに、栄養補助食品や機能性食品を含む、より幅広い食品への脱油レシチンの統合は、その市場範囲と可能性を拡大しています。脱油レシチン市場がこうした動向と技術の進歩を受け入れ続けるにつれて、持続的な成長が見込まれ、食品材料産業における重要な参入企業としての地位を確固たるものにしていくと考えられます。

当社のレポートは、様々な産業や市場に関する包括的かつ実用的な洞察を顧客に提供するために綿密に作成されています。各レポートは、市場情勢を完全に理解するために、いくつかの重要な要素を含んでいます。

市場概要：定義、分類、産業の現状に関する概要など、市場に関する詳細なイントロダクション。

市場力学：市場成長に影響を与える主要促進要因・抑制要因・機会・課題を詳細に分析します。このセクションでは、技術の進歩、規制の変更、新たな動向などの要因を検証します。

セグメンテーション分析：製品タイプ、用途、エンドユーザー、地域などの基準に基づき、市場を明確なセグメントに内訳。この分析により、各セグメントの業績と将来性を明らかにします。

競合情勢：市場シェア、製品ポートフォリオ、戦略的イニシアティブ、財務実績など、主要市場参入企業の包括的評価。主要企業が採用する競合力学と主要戦略に関する考察を記載しています。

市場予測：過去のデータと現在の市場状況に基づき、一定期間における市場規模と成長動向を予測します。これには、定量的分析と将来の市場軌跡を示すグラフ表示が含まれます。

地域分析：地域による市場パフォーマンスを評価し、主要市場や地域動向を明らかにします。地域の市場力学とビジネス機会を理解するのに役立ちます。

新たな動向と機会：現在の市場動向と新たな市場動向、技術革新、潜在的な投資対象セグメントを特定します。将来の開発と成長展望に関する洞察を記載しています。

目次

第1章 序文

第2章 エグゼクティブサマリー

  • 市場のハイライト
  • 世界市場スナップショット

第3章 脱油レシチン産業分析

  • イントロダクション-市場力学
  • 市場促進要因
  • 市場抑制要因
  • 機会
  • 産業動向
  • ポーターのファイブフォース分析
  • 市場の魅力分析

第4章 バリューチェーン分析

  • バリューチェーン分析
  • 原料分析
    • 原料リスト
    • 原料メーカー一覧
    • 主要原料の価格動向
  • 潜在的バイヤーリスト
  • マーケティングチャネル
    • 直接マーケティング
    • 間接マーケティング
    • マーケティングチャネル発展動向

第5章 脱油レシチンの世界市場分析：供給源別

  • 供給源別概要
  • 供給源別過去・予測データ分析
  • 大豆ベース
  • ひまわりベース
  • 菜種ベース
  • その他

第6章 脱油レシチンの世界市場分析：形態別

  • 形態別概要
  • 形態別過去・予測データ分析
  • 粉末
  • 顆粒
  • 液体

第7章 脱油レシチンの世界市場分析：用途別

  • 用途別概要
  • 用途別過去・予測データ分析
  • 飲食品
  • 医薬品
  • 化粧品
  • 飼料
  • 産業用
  • その他

第8章 脱油レシチンの世界市場分析：地域別

  • 地域別展望
  • イントロダクション
  • 北米の売上分析
    • 概要、実績と予測
    • 北米：セグメント別
    • 北米：国別
    • 米国
    • カナダ
    • メキシコ
  • 欧州の売上分析
    • 概要、実績と予測
    • 欧州：セグメント別
    • 欧州：国別
    • 英国
    • フランス
    • ドイツ
    • イタリア
    • ロシア
    • その他の欧州
  • アジア太平洋の売上分析
    • 概要、実績と予測
    • アジア太平洋：セグメント別
    • アジア太平洋：国別
    • 中国
    • インド
    • 日本
    • 韓国
    • オーストラリア
    • 東南アジア
    • その他のアジア太平洋
  • ラテンアメリカの売上分析
    • 概要、実績と予測
    • ラテンアメリカ：セグメント別
    • ラテンアメリカ：国別
    • ブラジル
    • アルゼンチン
    • ペルー
    • チリ
    • その他のラテンアメリカ
  • 中東・アフリカの売上分析
    • 概要、実績と予測
    • 中東・アフリカ：セグメント別
    • 中東・アフリカ：国別
    • サウジアラビア
    • アラブ首長国連邦
    • イスラエル
    • 南アフリカ
    • その他の中東・アフリカ

第9章 脱油レシチン企業の競合情勢

  • 脱油レシチン市場の競合
  • 提携・協力・契約
  • 合併・買収
  • 新製品の上市
  • その他の開発

第10章 企業プロファイル

  • 上位企業の市場シェア分析
  • 市場集中度
  • Cargill Incorporated
  • ADM
  • Stern-Wywiol Gruppe
  • IMCD Group B.V.
  • Bunge Limited
  • Sonic Biochem
  • American Lecithin Company
  • Lecico GmbH
  • Lecital
  • Austrade Inc.
  • Lipoid GmbH
  • Clarkson Specialty Lecithins
  • Amitex Agro Product Pvt. Ltd.
  • VAV Life Sciences Pvt. Ltd.
  • DowDuPont Inc
図表

LIST OF TABLES

  • Market Snapshot
  • Drivers: Impact Analysis
  • Restraints: Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • Analysis By Source (USD MN)
  • Soy-based Market Sales By Geography (USD MN)
  • Sunflower-based Market Sales By Geography (USD MN)
  • Rapeseed-based Market Sales By Geography (USD MN)
  • Others Market Sales By Geography (USD MN)
  • Analysis By Form (USD MN)
  • Powder Market Sales By Geography (USD MN)
  • Granules Market Sales By Geography (USD MN)
  • Liquid Market Sales By Geography (USD MN)
  • Analysis By Application (USD MN)
  • Food and Beverage Market Sales By Geography (USD MN)
  • Pharmaceuticals Market Sales By Geography (USD MN)
  • Cosmetics Market Sales By Geography (USD MN)
  • Feed Market Sales By Geography (USD MN)
  • Industrial Market Sales By Geography (USD MN)
  • Others Market Sales By Geography (USD MN)
  • Global De-Oiled Lecithin Market Sales By Geography (USD MN)
  • North America Market Analysis (USD MN)
  • United States Market Analysis (USD MN)
  • Canada Market Analysis (USD MN)
  • Mexico Market Analysis (USD MN)
  • Europe Market Analysis (USD MN)
  • Europe Market Estimate By Country (USD MN)
  • United Kingdom Market Analysis (USD MN)
  • France Market Analysis (USD MN)
  • Germany Market Analysis (USD MN)
  • Italy Market Analysis (USD MN)
  • Russia Market Analysis (USD MN)
  • Spain Market Analysis (USD MN)
  • Rest of Europe Market Analysis (USD MN)
  • Asia Pacific Market Analysis (USD MN)
  • China Market Analysis (USD MN)
  • Japan Market Analysis (USD MN)
  • India Market Analysis (USD MN)
  • South Korea Market Analysis (USD MN)
  • Australia Market Analysis (USD MN)
  • South East Asia Market Analysis (USD MN)
  • Rest of Asia Pacific Market Analysis (USD MN)
  • Latin America Market Analysis (USD MN)
  • Brazil Market Analysis (USD MN)
  • Argentina Market Analysis (USD MN)
  • Peru Market Analysis (USD MN)
  • Chile Market Analysis (USD MN)
  • Rest of Latin America Market Analysis (USD MN)
  • Middle East & Africa Market Analysis (USD MN)
  • Saudi Arabia Market Analysis (USD MN)
  • UAE Market Analysis (USD MN)
  • Israel Market Analysis (USD MN)
  • South Africa Market Analysis (USD MN)
  • Rest of Middle East and Africa Market Analysis (USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisition

LIST OF FIGURES

  • Research Scope of De-Oiled Lecithin Report
  • Market Research Process
  • Market Research Methodology
  • Global De-Oiled Lecithin Market Size, By Regions (USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis By Source
  • Market Attractiveness Analysis By Form
  • Market Attractiveness Analysis By Application
  • Market Attractiveness Analysis By Regions
  • Value Chain Analysis
  • Global Market Analysis By Source (USD MN)
  • Soy-based Market Sales By Geography (USD MN)
  • Sunflower-based Market Sales By Geography (USD MN)
  • Rapeseed-based Market Sales By Geography (USD MN)
  • Others Market Sales By Geography (USD MN)
  • Global Market Analysis By Form (USD MN)
  • Powder Market Sales By Geography (USD MN)
  • Granules Market Sales By Geography (USD MN)
  • Liquid Market Sales By Geography (USD MN)
  • Global Market Analysis By Application (USD MN)
  • Food and Beverage Market Sales By Geography (USD MN)
  • Pharmaceuticals Market Sales By Geography (USD MN)
  • Cosmetics Market Sales By Geography (USD MN)
  • Feed Market Sales By Geography (USD MN)
  • Industrial Market Sales By Geography (USD MN)
  • Others Market Sales By Geography (USD MN)
  • Global Market Sales (USD MN)
  • North America Market Sales (USD MN)
  • Europe Market Sales (USD MN)
  • Asia Pacific Market Sales (USD MN)
  • Latin America Market Sales (USD MN)
  • Middle East & Africa Market Sales (USD MN)
  • Recent Development in Industry
  • Top Company Market Share Analysis

Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

目次
Product Code: VMR112110887

Global De-Oiled Lecithin Market size is anticipated to grow from USD 261.55 Million in 2024 to USD 528.09 Million by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 8.12% during the forecast period of 2026 to 2033.

The de-oiled lecithin market is experiencing significant growth as the demand for natural emulsifiers and functional ingredients continues to rise across various food and beverage applications. De-oiled lecithin, derived from soybeans, sunflower, or other sources, is known for its emulsifying properties and is commonly used in products such as baked goods, chocolates, and dressings. As consumers increasingly seek clean label and natural ingredients, driven by the growing awareness of health and nutrition, the market for de-oiled lecithin is expected to expand further. This trend is particularly evident among food manufacturers looking to enhance product quality and stability.

Moreover, the growing emphasis on health and wellness is significantly influencing the de-oiled lecithin market. As consumers become more health-conscious, there is a rising demand for ingredients that offer functional benefits, such as improved digestion and cognitive health. Manufacturers are responding by developing de-oiled lecithin products that highlight their nutritional benefits and align with consumer preferences for healthier options. This shift towards health-oriented ingredients is expected to propel the de-oiled lecithin market, as companies seek to meet the evolving needs of consumers.

Additionally, advancements in extraction and processing technologies are enhancing the capabilities of de-oiled lecithin. Innovations in production methods, such as enzymatic extraction and cold-pressing, are improving the quality and purity of de-oiled lecithin, making it more appealing for various applications. Furthermore, the integration of de-oiled lecithin into a wider range of food products, including dietary supplements and functional foods, is expanding its market reach and potential. As the de-oiled lecithin market continues to embrace these trends and technological advancements, it is expected to experience sustained growth, solidifying its position as a key player in the food ingredients industry.

Our reports are meticulously crafted to provide clients with comprehensive and actionable insights into various industries and markets. Each report encompasses several critical components to ensure a thorough understanding of the market landscape:

Market Overview: A detailed introduction to the market, including definitions, classifications, and an overview of the industry's current state.

Market Dynamics: In-depth analysis of key drivers, restraints, opportunities, and challenges influencing market growth. This section examines factors such as technological advancements, regulatory changes, and emerging trends.

Segmentation Analysis: Breakdown of the market into distinct segments based on criteria like product type, application, end-user, and geography. This analysis highlights the performance and potential of each segment.

Competitive Landscape: Comprehensive assessment of major market players, including their market share, product portfolio, strategic initiatives, and financial performance. This section provides insights into the competitive dynamics and key strategies adopted by leading companies.

Market Forecast: Projections of market size and growth trends over a specified period, based on historical data and current market conditions. This includes quantitative analyses and graphical representations to illustrate future market trajectories.

Regional Analysis: Evaluation of market performance across different geographical regions, identifying key markets and regional trends. This helps in understanding regional market dynamics and opportunities.

Emerging Trends and Opportunities: Identification of current and emerging market trends, technological innovations, and potential areas for investment. This section offers insights into future market developments and growth prospects.

SEGMENTATION COVERED IN THE REPORT

By Source

  • Soy-based
  • Sunflower-based
  • Rapeseed-based
  • Others

By Form

  • Powder
  • Granules
  • Liquid

By Application

  • Food and Beverage
  • Pharmaceuticals
  • Cosmetics
  • Feed
  • Industrial
  • Others
  • COMPANIES PROFILED
  • Cargill Incorporated
  • ADM
  • Stern-Wywiol Gruppe
  • IMCD Group B.V.
  • Bunge Limited
  • Sonic Biochem
  • American Lecithin Company
  • Lecico GmbH
  • Lecital
  • Austrade Inc.
  • Lipoid GmbH
  • Clarkson Specialty Lecithins
  • Amitex Agro Product Pvt. Ltd.
  • VAV Life Sciences Pvt. Ltd.
  • DowDuPont Inc.
  • The above list can be customized.

TABLE OF CONTENTS

1. PREFACE

  • 1.1. Report Description
    • 1.1.1 Objective
    • 1.1.2 Target Audience
    • 1.1.3 Unique Selling Proposition (USP) & offerings
  • 1.2. Research Scope
  • 1.3. Research Methodology
    • 1.3.1 Market Research Process
    • 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

  • 2.1. Highlights of Market
  • 2.2. Global Market Snapshot

3. DE-OILED LECITHIN INDUSTRY ANALYSIS

  • 3.1. Introduction - Market Dynamics
  • 3.2. Market Drivers
  • 3.3. Market Restraints
  • 3.4. Opportunities
  • 3.5. Industry Trends
  • 3.6. Porter's Five Force Analysis
  • 3.7. Market Attractiveness Analysis
    • 3.7.1 Market Attractiveness Analysis By Source
    • 3.7.2 Market Attractiveness Analysis By Form
    • 3.7.3 Market Attractiveness Analysis By Application
    • 3.7.4 Market Attractiveness Analysis By Regions

4. VALUE CHAIN ANALYSIS

  • 4.1. Value Chain Analysis
  • 4.2. Raw Material Analysis
    • 4.2.1 List of Raw Materials
    • 4.2.2 Raw Material Manufactures List
    • 4.2.3 Price Trend of Key Raw Materials
  • 4.3. List of Potential Buyers
  • 4.4. Marketing Channel
    • 4.4.1 Direct Marketing
    • 4.4.2 Indirect Marketing
    • 4.4.3 Marketing Channel Development Trend

5. GLOBAL DE-OILED LECITHIN MARKET ANALYSIS BY SOURCE

  • 5.1. Overview By Source
  • 5.2. Historical and Forecast Data Analysis By Source
  • 5.3. Soy-based Historic and Forecast Sales By Regions
  • 5.4. Sunflower-based Historic and Forecast Sales By Regions
  • 5.5. Rapeseed-based Historic and Forecast Sales By Regions
  • 5.6. Others Historic and Forecast Sales By Regions

6. GLOBAL DE-OILED LECITHIN MARKET ANALYSIS BY FORM

  • 6.1. Overview By Form
  • 6.2. Historical and Forecast Data Analysis By Form
  • 6.3. Powder Historic and Forecast Sales By Regions
  • 6.4. Granules Historic and Forecast Sales By Regions
  • 6.5. Liquid Historic and Forecast Sales By Regions

7. GLOBAL DE-OILED LECITHIN MARKET ANALYSIS BY APPLICATION

  • 7.1. Overview By Application
  • 7.2. Historical and Forecast Data Analysis By Application
  • 7.3. Food and Beverage Historic and Forecast Sales By Regions
  • 7.4. Pharmaceuticals Historic and Forecast Sales By Regions
  • 7.5. Cosmetics Historic and Forecast Sales By Regions
  • 7.6. Feed Historic and Forecast Sales By Regions
  • 7.7. Industrial Historic and Forecast Sales By Regions
  • 7.8. Others Historic and Forecast Sales By Regions

8. GLOBAL DE-OILED LECITHIN MARKET ANALYSIS BY GEOGRAPHY

  • 8.1. Regional Outlook
  • 8.2. Introduction
  • 8.3. North America Sales Analysis
    • 8.3.1 Overview, Historic and Forecast Data Sales Analysis
    • 8.3.2 North America By Segment Sales Analysis
    • 8.3.3 North America By Country Sales Analysis
    • 8.3.4 United States Sales Analysis
    • 8.3.5 Canada Sales Analysis
    • 8.3.6 Mexico Sales Analysis
  • 8.4. Europe Sales Analysis
    • 8.4.1 Overview, Historic and Forecast Data Sales Analysis
    • 8.4.2 Europe By Segment Sales Analysis
    • 8.4.3 Europe By Country Sales Analysis
    • 8.4.4 United Kingdom Sales Analysis
    • 8.4.5 France Sales Analysis
    • 8.4.6 Germany Sales Analysis
    • 8.4.7 Italy Sales Analysis
    • 8.4.8 Russia Sales Analysis
    • 8.4.9 Rest Of Europe Sales Analysis
  • 8.5. Asia Pacific Sales Analysis
    • 8.5.1 Overview, Historic and Forecast Data Sales Analysis
    • 8.5.2 Asia Pacific By Segment Sales Analysis
    • 8.5.3 Asia Pacific By Country Sales Analysis
    • 8.5.4 China Sales Analysis
    • 8.5.5 India Sales Analysis
    • 8.5.6 Japan Sales Analysis
    • 8.5.7 South Korea Sales Analysis
    • 8.5.8 Australia Sales Analysis
    • 8.5.9 South East Asia Sales Analysis
    • 8.5.10 Rest Of Asia Pacific Sales Analysis
  • 8.6. Latin America Sales Analysis
    • 8.6.1 Overview, Historic and Forecast Data Sales Analysis
    • 8.6.2 Latin America By Segment Sales Analysis
    • 8.6.3 Latin America By Country Sales Analysis
    • 8.6.4 Brazil Sales Analysis
    • 8.6.5 Argentina Sales Analysis
    • 8.6.6 Peru Sales Analysis
    • 8.6.7 Chile Sales Analysis
    • 8.6.8 Rest of Latin America Sales Analysis
  • 8.7. Middle East & Africa Sales Analysis
    • 8.7.1 Overview, Historic and Forecast Data Sales Analysis
    • 8.7.2 Middle East & Africa By Segment Sales Analysis
    • 8.7.3 Middle East & Africa By Country Sales Analysis
    • 8.7.4 Saudi Arabia Sales Analysis
    • 8.7.5 UAE Sales Analysis
    • 8.7.6 Israel Sales Analysis
    • 8.7.7 South Africa Sales Analysis
    • 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE DE-OILED LECITHIN COMPANIES

  • 9.1. De-Oiled Lecithin Market Competition
  • 9.2. Partnership/Collaboration/Agreement
  • 9.3. Merger And Acquisitions
  • 9.4. New Product Launch
  • 9.5. Other Developments

10. COMPANY PROFILES OF DE-OILED LECITHIN INDUSTRY

  • 10.1. Top Companies Market Share Analysis
  • 10.2. Market Concentration Rate
  • 10.3. Cargill Incorporated
    • 10.3.1 Company Overview
    • 10.3.2 Company Revenue
    • 10.3.3 Products
    • 10.3.4 Recent Developments
  • 10.4. ADM
    • 10.4.1 Company Overview
    • 10.4.2 Company Revenue
    • 10.4.3 Products
    • 10.4.4 Recent Developments
  • 10.5. Stern-Wywiol Gruppe
    • 10.5.1 Company Overview
    • 10.5.2 Company Revenue
    • 10.5.3 Products
    • 10.5.4 Recent Developments
  • 10.6. IMCD Group B.V.
    • 10.6.1 Company Overview
    • 10.6.2 Company Revenue
    • 10.6.3 Products
    • 10.6.4 Recent Developments
  • 10.7. Bunge Limited
    • 10.7.1 Company Overview
    • 10.7.2 Company Revenue
    • 10.7.3 Products
    • 10.7.4 Recent Developments
  • 10.8. Sonic Biochem
    • 10.8.1 Company Overview
    • 10.8.2 Company Revenue
    • 10.8.3 Products
    • 10.8.4 Recent Developments
  • 10.9. American Lecithin Company
    • 10.9.1 Company Overview
    • 10.9.2 Company Revenue
    • 10.9.3 Products
    • 10.9.4 Recent Developments
  • 10.10. Lecico GmbH
    • 10.10.1 Company Overview
    • 10.10.2 Company Revenue
    • 10.10.3 Products
    • 10.10.4 Recent Developments
  • 10.11. Lecital
    • 10.11.1 Company Overview
    • 10.11.2 Company Revenue
    • 10.11.3 Products
    • 10.11.4 Recent Developments
  • 10.12. Austrade Inc.
    • 10.12.1 Company Overview
    • 10.12.2 Company Revenue
    • 10.12.3 Products
    • 10.12.4 Recent Developments
  • 10.13. Lipoid GmbH
    • 10.13.1 Company Overview
    • 10.13.2 Company Revenue
    • 10.13.3 Products
    • 10.13.4 Recent Developments
  • 10.14. Clarkson Specialty Lecithins
    • 10.14.1 Company Overview
    • 10.14.2 Company Revenue
    • 10.14.3 Products
    • 10.14.4 Recent Developments
  • 10.15. Amitex Agro Product Pvt. Ltd.
    • 10.15.1 Company Overview
    • 10.15.2 Company Revenue
    • 10.15.3 Products
    • 10.15.4 Recent Developments
  • 10.16. VAV Life Sciences Pvt. Ltd.
    • 10.16.1 Company Overview
    • 10.16.2 Company Revenue
    • 10.16.3 Products
    • 10.16.4 Recent Developments
  • 10.17. DowDuPont Inc
    • 10.17.1 Company Overview
    • 10.17.2 Company Revenue
    • 10.17.3 Products
    • 10.17.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies