Lecithin and Phospholipids Market By Source (Soy, Sunflower, Rapseed and Canola, Egg, Others), By Type (Fluid lecithin, De-oiled lecithin, Modified), By Application (Feed, Food and beverages, Industrial, Healthcare), By Nature (GMO, NON-GMO): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global lecithin and phospholipids market was valued at $5,126.0 million in 2021 and is projected to reach $8,758.9 million by 2031, registering a CAGR of 5.6%. Lecithin is a multi-purpose food ingredient that primarily functions as an emulsifier and dispersing agent and is widely used in feed, food & beverage, and pharmaceutical industry. Lecithin is a complex mixture of phospholipids from natural sources such as soy, sunflower, rapeseed, and canola. The consumption of fats is essential for properly functioning the liver, nerves, brain, and other organs. Phospholipids are crucial compounds for forming the protective membrane that surrounds human body cells. These comprise two alcohols, a phosphate group, and one or two fatty acids. Lecithin and phospholipids are found in soy, egg, sunflower, canola, rapeseed, meat, seafood, and other sources.
The increase in demand for clean-label ingredients is expected to drive the growth of the lecithin and phospholipids market. Clean-label ingredients refer to food product labels that do not contain easy-to-detect and understandable components. The surge in the number of younger consumers drives the trend for clean-label ingredients.
They are becoming more aware of the ingredients and how the product is being made for their consumption. The surge in awareness about clean-label elements among developing regions such as Asia-Pacific is projected to propel the market demand during the estimated period. Animal feed manufacturers are also using lecithin and phospholipids. Low digestibility of fat and vitamins is unavoidable due to intestinal insufficiency of the liver and insufficient bile secretion in the early stages of poultry. Therefore, adding lecithin can help overcome some of the early physiological defects of poultry and ensure the rapid growth of young birds. Lecithin not only has the nutritional value found in livestock and poultry feed, but it can also gel in water, which aids in the adsorption of organic nutrients together, reduces nutrient loss, and improves the environment for aquatic products.
The global cosmetics business is rapidly expanding, owing to an increased consciousness about apparency among people and the desire for different cosmetic goods, skincare products, beauty care products, and personal care products. The expansion of well-known cosmetic companies in western nations, the availability of new decorative items, and improved product quality have contributed to increased market demand and sales. Furthermore, cosmetics companies are adopting the usage of clean labeling on their products that will convey a clear message about the ingredients used in the products, thus attracting a large consumer base. Thus, an increase in cosmetic product sales creates the need for emulsifiers, thereby boosting the growth of the lecithin and phospholipids market.
The probable mechanism behind the reported effects of lecithin and phospholipids is unknown. However, it might be mediated by changes in the gut microbiota, enhanced bacterial translocation, or both. Overall, consumers are becoming aware of the importance of maintaining good health, preventing them from consuming food & beverages containing synthetic ingredients. The decline in consumption of food containing synthetic emulsifiers is reducing market sales of food and drinks. Lowering saledealsit the demand for lecithin and phospholipids, restricting emulsifier market growth.
The lecithin and phospholipids market is segmented into the source, type, application, nature, and region. Based on the source, the market is categorized into soy, sunflower, rapeseed & canola, egg, and others. By type, it is fragmented into fluid lecithin, de-oiled lecithin, and modified. Depending on application, it is segregated into feed, food & beverages, industrial, and healthcare. The food & beverage segment has been further bifurcated into confectioneries, convenience food, bakery products, and others. By nature, it is divided into GMO and non-GMO. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Italy, Germany, France, Spain, The Netherlands, Switzerland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, Thailand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key market players included in the lecithin and phospholipids market analysis are Cargill, ADM, DuPont, MCD Group BV., Bunge Limited, Stern-Wywiol Gruppe, Wilmar International Ltd., Sonic Biochem, Avril Group, American Lecithin Company, Vav Life Sciences Pvt Ltd., Sondrugestvo Group, Kewpie Corporation, Fismer Lecithin, and Lipoid GmbH.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lecithin and phospholipids market analysis from 2021 to 2031 to identify the prevailing lecithin and phospholipids market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the lecithin and phospholipids market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global lecithin and phospholipids market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
Soy
Sunflower
Rapseed and Canola
Egg
Others
By Type
Fluid lecithin
De-oiled lecithin
Modified
By Application
Feed
Food and beverages
Type
Confectioneries
Convenience foods
Bakery products
Other
Industrial
Healthcare
By Nature
NON-GMO
GMO
By Region
North America
U.S,
Canada
Mexico
Europe
UK
Italy
Germany
France
Spain
The Netherlands
Switzerland
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Thailand
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
DuPont de Nemours, Inc.
IMCD Company
Bunge Limited
Stern-Wywiol Gruppe Gmbh Co. Kg
Avril Group
American Lecithin Company
Kewpie Corporation
Fismer Lecithin
LIPOID GMBH
VAV Life Sciences Pvt. Ltd.
Sonic Biochem Extractions Limited
Archer-Daniels Midland Company
Wilmar International Ltd
Cargill, Incorporated
Croda International Plc
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