Global Lecithin and Phospholipids Market - 2019-2026
Lecithin is called phosphatidylcholine. It is composed of phospholipids and majorly obtained from oilseeds such as soybean, sunflower, and eggs, and canola seeds. Lecithin has both lipophilic and hydrophilic properties and has different resemblance to oil and water. It is widely used in various applications such as pharmaceuticals, baked goods, nutrition and supplements, cosmetics, and Industrial Applications.
The global lecithin and phospholipids market was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period 2019-2026.
Global Lecithin and Phospholipids Market – Market Dynamics
The market is driven by multiple factors such as increasing demand for green and naturally sourced ingredients, rising consumer awareness towards a healthy lifestyle, growth in consumption of convenience foods and functional food & beverages, and Individual allergy soy lecithin.
However, the huge capital investment and the fluctuations in raw material prices are being the restraints for the market growth.
Global Lecithin and Phospholipids Market – Segment Analysis
The global lecithin and phospholipids market is segmented by Source, and by Application. Based on the source, the market is segmented into Soybeans, Sunflower, Eggs, and Canola Seeds. Based on the application, the market is segmented into Feed, Nutritional Supplements, Baked Goods, Cosmetics, Pharmaceuticals, and Industrial Applications.
The soybean segment is estimated to dominate the lecithin & phospholipids market over the outlook period. The easier extraction process of soy-derived ingredients compared to sunflower or egg-derived ingredients, along the wide-ranging availability of soy in various countries are the main factors supporting the dominant nature of soy-sourced lecithin.
Additionally, The sunflower lecithin market is expected to progress quickly as it is reflected as a preferred substitute for soy-based products. The major advantage of solventless extraction provided by this product is expected to boost the market demand.
The fluctuating consumer habits and rising disposable incomes are expected to boost the application in end-use industries.
Global Lecithin and Phospholipids Market – Geographical Analysis
Geographically, the global Lecithin and Phospholipids Market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, the Asia Pacific is expected to be the largest market and to register the highest CAGR during the forecast period. The Asia Pacific’s ample availability and low pricing in international markets make bakery goods the major driver for the growth of the Lecithin Market. The increasing areas of application in food, as well as non-food segments of Lecithin & Phospholipids, is also estimated to benefit the global demand.
Further, South America is one of the rapidly growing regions owing to the presence of a vast area of land under soybean cultivations. The demand is driven by the countries, such as Argentina and Brazil, which are involved in the cultivation of soybean.
Global Lecithin and Phospholipids Market – Competitive Analysis
The global lecithin and phospholipids market is fragmented with a large number of local and international players. However, Some of the most important manufacturers and suppliers of the lecithin and phospholipids are Cargill, Inc., Archer Daniels Midland Company, Bunge, LECICO Gmbh, Lipoid GmbH, VAV Life Sciences, American Lecithin Company, Kewpie Corporation, Thew Arnott, and DuPont Nutrition & Health. These companies are mostly focused on the capacity expansion, due to increasing demand for lecithin and phospholipids in various industries.
Why purchase the report
• Visualize the composition of the global lecithin and phospholipids market products across each indication, in terms of type, product type, and applications, highlighting the critical commercial assets and players.
• Identify commercial opportunities in lecithin and phospholipids products market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the global lecithin and phospholipids products levels 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the essential lecithin and phospholipids products of all major market players.
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