Global Lecithin & Phospholipids Market Size study, By Source (Soy, Sunflower, Rapeseed & Canola, Egg, Other Sources), by Type (Fluid, De-Oiled, Modified), by Application (Feed, Food & Beverages (Confectionery Products, Convenience Food, Baked Goods, Indus

Global Lecithin & Phospholipids Market Size study, By Source (Soy, Sunflower, Rapeseed & Canola, Egg, Other Sources), by Type (Fluid, De-Oiled, Modified), by Application (Feed, Food & Beverages (Confectionery Products, Convenience Food, Baked Goods, Industrial, Healthcare), by Nature (GMO, Non-GMO), and Regional Forecasts 2022-2028

Global Lecithin & Phospholipids Market is valued at approximately USD 5.17 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.30%over the forecast period 2022-2028. Lecithin (phosphatidylcholine) is a choline precursor. The major purposes of the multifunctional food ingredient lecithin are emulsified and dispersion. Lecithin's elemental composition, which includes a complex blend of phospholipids, glycolipids, carbohydrates, and triglycerides, is what provides it its surface-active characteristics. The global lecithin and phospholipids market is being driven by shifting consumer preferences toward convenience foods, changing work culture, and global retail expansion. The IMCD Group BV acquired Polychem Handelsges. m.b.H. in December 2021 to serve customers and partners throughout Southeast Europe (SEE). By establishing the first laboratory in this region, it expands the global network of technical ers while also providing further regional development in SEE emerging markets. Key players are making strategic moves to leverage significant shares in the market. Vav Life Sciences increased its production capacity in November 2021 to meet overseas demand and increase sales by 3.5 times. Furthermore, Vav Life Sciences invested USD 2 million to increase production capacity at the EU GMP site in order to meet international demand. However, health concerns about the consumption of genetically modified (GM) products are expected to limit market growth.

The key regions considered for the global Lecithin & Phospholipids market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The largest market for lecithin and phospholipids is Europe, followed by North America and Asia Pacific. In terms of value and volume, Asia Pacific is expected to be the fastest-growing region-level market for lecithin and phospholipids. The animal feed industry, in conjunction with the food and beverage industries, has significantly contributed towards the growing lecithin and phospholipids market in the region. Agriculture and food processing industries accounted for more than a quarter of Asia Pacific developing countries' GDP in 2019, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).

Major market players included in this report are:
Cargill
ADM
DuPont
IMCD Group B.V.
Bunge Limited
STERN-WYWIOL GRUPPE
Wilmar International Ltd.
Sonic Biochem
Avril Group
American Lecithin Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
Soy
Sunflower
Rapeseed & canola
Egg
Other sources
By Type:
Fluid
De-oiled
Modified
By Nature:
GMO
Non-GMO
By Application:
Food & beverages
Feed
Industrial
Healthcare
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Lecithin & Phospholipids Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Cargill
ADM
DuPont
IMCD Group B.V.
Bunge Limited
STERN-WYWIOL GRUPPE
Wilmar International Ltd.
Sonic Biochem
Avril Group
American Lecithin Company

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