Lecithin Market Segmented By Soya bean, Sunflower Source in Liquid, Granules, Powder Form in Food and Beverage, Pharmaceuticals, Cosmetics, Animal Feed, Industrial Purpose
Industry: Food and Beverages
Published Date: May-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 394
Report ID: PMRREP12364
The global lecithin market is expected to be worth US$ 2.9 Bn in the year 2031 with a reasonable CAGR of 6.9% between 2021 and 2031.
| Attribute | Key Insights |
|---|---|
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Lecithin Market (2021) |
US$ 1.49 Bn |
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Projected Market Value (2031) |
US$ 2.9 Bn |
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Global Market Growth Rate (2021-2031) |
6.9% CAGR |
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Market Share of Dietary Supplements & Pharmaceuticals |
26.8% |
The global lecithin market had witnessed a CAGR 5.3% between 2016 and 2020 and is expected to witness an elevation on this count from 2021 to 2031 (6.9%).
The present scenario is such that animal feed is also looked upon as a healthy source of income, even in the developing economies. With consumption of lecithin, the animals would be able to develop a good immune system, and this would, in turn, help the demand-supply chain on the whole.
Though dietary supplements & pharmaceuticals still rule the roost, animal feed is not behind. It holds 22.7% of the market share. This upward swing is expected to continue even in the forecast period.
Lecithin, on being ingested, gets broken down into choline a substance that body used for transporting fat, regulating metabolism, maintaining the cells’ structural integrity, and facilitating nerve transmitters (by having synthesized a neurotransmitter known as acetylcholine). The proven health benefits of lecithin include improvement in sleep patterns, enhancement of athletic performance, alleviation of anxiety and stress, lowering of cholesterol, reduction in inflammation, improvement in liver function, checking ulcerative colitis, mastitis, Alzheimer’s disease, and prevention of dementia. These benefits render lecithin an out-and-out winner regarding its consumption. This is evident from the fact that dietary supplements and pharmaceuticals hold the highest market share (26.8%).
However, the same lecithin shouldn’t be consumed by women trying to get pregnant, or those who are lactating unless and until directed by gynaecologist-obstetrician.
“Volatility in prices of raw materials to hamper”
The raw materials are subject to fluctuation, which might prove challenging for the key players to plan their budget for the future strategies. Besides, stern government regulations are in place in certain regions, which imparts non-uniformity to the products in terms of quality and compliance. The under-developed economies are also yet to gain awareness regarding the same. Additionally, the fact that certain people are allergic to soybean can’t be ignored. Also, children are advised to keep away from lecithin as there is lack in safety research.
“Europe - the highest revenue generator”
Europe is onto a paradigm shift, i.e. the end-customers prefer nutritional supplements and healthy foods. Also, the research related to non-GMO lecithin is “ON”. Plus, Europe is home to a wholesome consumption of bakery & confectionery products, which hold 12.6% of overall market share.
North America is going steady in the lecithin market. However, the Asia-Pacific will grow stupendously herein, basically due to the millennials vying for healthy and low-calorie food.
“Lecithin’s organic composition to drive the inclination”
Lecithin, better known as alpha-phosphatidylcholine, is one of the naturally occurring nutrients found in foods. It’s interesting to know that lecithin isn’t a single substance but a constellation of chemicals categorized as phospholipids. Research states that phospholipids are important for liver, nerves, brain, and various other vital organs to function normally.
Sources of lecithin include red meat, green vegetables, and eggs. The commercial preparations are made out of animal products, egg yolks, and soybeans. Lecithin serves as a good dietary supplement, but is used in the production of food emulsifiers, skin moisturizers, and eye drops.
If taken as dietary supplements, one finds his/health in high spirits. Thus, proven advantages are there to put the lecithin market on the topmost pedestal in the current as well as future scenario.
“The market on the verge of restoration after initial humps”
The outbreak of Covid-19 did halt the supply chain as the manufacturing processes were stalled in the wake of partial/total lockdowns being enforced till the first half of 2021. However, the manufacturing processes have bounced back and the market is expected to pick up momentum in the next 10 years. In other words, though Covid-19 had applied brakes to the lecithin market, the future seems to be going great, especially with healthcare personnel pressing for organic stuff. Lecithin is a good choice herein.
The key players in lecithin market are emphasizing on huge investments in research, so as to facilitate organic expansion in the forecast period. Also, they are shifting their focus towards non-GMO soybean available in the Asia-Pacific and LATAM in an aplomb. Along these lines -
| Attribute | Details |
|---|---|
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Forecast Period |
2021-2031 |
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Historical Data Available for |
2016-2020 |
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Market Analysis |
US$ Mn/Bn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
Lecithin Market by Nature
Lecithin Market by Type of Product
Lecithin Market by Form
Lecithin Market by Function
Lecithin Market by Application
Lecithin Market by Region
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The lecithin market is expected to be worth US$ 2.9 Bn in the year 2031 and grow 2.1 times the value in 2021.
The market for lecithin is expected to witness a CAGR of 6.9% between 2021 and 2031.
Dietary supplements and pharmaceuticals are expected to dominate between 2021 and 2031.
Archer Daniels Midland Company, Cargill, Inc., Caldic Canada Inc., Bunge Limited, Haneil Soyatech Pvt Ltd., GIIAVA (India) Pvt Ltd., Lipoid GmbH, Orison Chemicals Limited, Foodchem International Corporation, Wilmar International Limited, Lecico GmbH, Sodrugestvo Group S.A., DuPont, Inc., Imcopa Food Ingredients B.V., Ruchi Soya Industries ltd., Sun Nutrafoods, Clarkson Specialty Lecithins, and Guangzhou Hisoya Biological Science And Technology Co. Ltd.
The bakery & confectionery section holds 12.6% of the market share.
