USD 589.07 million
Lecithin Market Size, Share, Growth Analysis, By Form(Liquid, Powder and Granules), By End-use(Convenience Food, Bakery, Confectionary, Pharmaceutical), By Source(Soy, Sunflower, Rapeseed, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2199 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
95
|Figures:
79
Lecithin Market Insights
Global Lecithin Market size was valued at USD 589.07 million in 2022 and is poised to grow from USD 634.43 million in 2023 to USD 1148.44 million by 2031, at a CAGR of 7.70% during the forecast period (2024-2031).
It is increasingly utilized in baked goods, ready-to-eat meals, confectioneries, pasta, and instant foods, which is a primary driver of growth due to its qualities as an emulsifier, viscosity reduction, and wetting agent. Due to the existence of clients who are price sensitive, lecithin producers compete on the basis of competitive pricing. To gain a competitive edge in the market, manufacturers place a high priority on process innovation and the sources of affordable raw materials. Small price increases are anticipated over the projected period as a result of the rapid expansion of end-use sectors such food, beverage, feed, and pharmaceuticals as well as the rise in lecithin production.
Phospholipids are elements of cell membranes that control cellular processes like protein synthesis and cell migration to different regions of the body. Lecithin and other phospholipids, in particular, are widely used as emulsifiers in the food and beverage, dietary supplement, and cosmetic sectors. They are also being adopted as natural antioxidants to reduce lipid oxidation.
Lecithin derived from plant sources is mostly used in the end-use segments for pharmaceutical products. As a revitalizing agent, emulsifier, dispersion, wetting agent (powder and tablet), and mold release agent in addition to liquid dosage forms, solid dosage forms, and liposomal applications, it is utilized in a wide range of pharmaceutical applications. Additionally, it prevents substances from oxidation, promotes skin penetration, reduces fat crystallization, and boosts bioavailability.
Lecithin producers have been compelled to expand their product line as a result of shifting consumer preferences towards the consumption of non-GMO and hypoallergenic food goods. For instance, one of the major players in the lecithin industry, Cargill Incorporated, introduced a whole new line of defatted lecithin products. Players in the industry are concentrating on improving their product offerings and gaining impetus.
US Lecithin Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Soy
Fastest Growth
Soy
Growth Rate
7.70% CAGR
Global Lecithin Market 2022-2030 ($ Bn)
Country Share for Europe Region- 2022 (%)
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Lecithin Market Segmental Analysis
Global Lecithin Market is segmented based on form, end-use, source and region. Based on form, the market is segmented into liquid, powder and granules. With respect to segmentation by end-use, the market is segmented into convenience food, bakery, confectionary, pharmaceutical, personal care and cosmetics, animal feed, other industrial, others. Based on source the market is segmented soy, sunflower, rapeseed, and others. Regionwise, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Lecithin Market Analysis by Source
The soy sector dominated the lecithin market in 2021, thus, accounting for a market share of over 79% in terms of sales. This can be attributed to the rising food business in parts of Europe and Asia Pacific, which have access to vast tracts of land used for soybean production and cultivation. It is mainly used to make convenience foods including ice cream, bread, margarine, dietary supplements, infant formula, and bread. However, it is anticipated that during the anticipated time, declining concerns about rising cholesterol levels and the allergic properties of soybean will lower demand.
On account of the extensive list of advantages the product offers, lecithin produced from sunflower seeds is predicted to experience a surge in demand in the expanding product category of healthy meals. The expanding use of sunflower lecithin in the production of supplements is another factor contributing to the expectation that demand will remain strong.
Global Lecithin Market Analysis by End Use
The animal feed sector dominated the lecithin market in 2021, accounting for a market share of more than 40% in terms of sales. The reason for this is that most people in the world are eating more meat than before. The highly developed animal husbandry sector has also contributed to the industry's overall expansion.
Global Lecithin Market By Source 2022 (%)
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Lecithin Market Regional Insights
Europe held the largest revenue share of more than 30% in the lecithin market in 2021. The presence of numerous lecithin producers in the region explains this. The region's plentiful raw materials and growing health consciousness among consumers are further factors driving demand.
A large regional market developed in Asia-Pacific. The region has expanded as a result of changing demographic trends, rising demand from China and India, whose populations are rapidly growing, and other factors. It is projected that the market would expand even more quickly since there are more expanses of land accessible for the cultivation of oilseeds. Demand in the food and beverage industry is anticipated to increase even more as a result of the quick new product development in these application segments.
Global Lecithin Market By Geography, 2022-2030
- Largest
- Fastest
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Lecithin Market Dynamics
Global Lecithin Market Drivers
Growing demand for natural and functional ingredients
- Lecithin is a natural and functional ingredient that is used in a variety of food, pharmaceutical, and industrial applications. With the increasing demand for natural and functional ingredients, the demand for lecithin is expected to grow in the coming years.
Global Lecithin Market Restraints
Fluctuating prices of raw materials
- Lecithin is derived from various sources such as soybeans, sunflowers, and eggs. The fluctuating prices of these raw materials can impact the cost of lecithin production, which may impose a restraint for the market.
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Lecithin Market Competitive Landscape
The lecithin market is extremely fragmented in nature and is subject to fierce competition. Market participants are spending a lot of money on R&D initiatives involving technological breakthroughs for process optimization, the creation of new products, the diversification of the product portfolio for their current products, and regional growth. Gaining a stronger regional presence and forging partnerships with important end users will provide a company an advantage over rivals in the market. Key players may be able to increase their global footprint through mergers, acquisitions, and joint ventures.
Top Player’s Company Profiles in Global Lecithin Market
- Cargill, Inc.
- ADM
- Lipoid GmbH
- Bunge Limited
- American Lecithin Company
- Global River Food Ingredients
- DuPont de Nemours, Inc.
- Stern-Wywiol Gruppe GmbH & Co. KG
- Haneil Soyatech Pvt. Ltd.
- NOW Foods
- Thew Arnott & Co. Ltd.
- GIIAVA
- AKK Soya International
- Imcopo Food Ingredients B.V.
- Sun Nutrafoods
- Lasenor EMUL., S.L.
- Sime Darby Unimills B.V.
- LECICO GmbH
- Wilmar International Ltd.
- Yugen Chemicals
- Barentz
- Tianjin Hexiyuan Lecithin Technology Co., Ltd.
- Orison Chemicals Limited
Lecithin Market Recent Developments
- In November 2022, Lecithin granules of various types were launched by Novastell for use in applications for drinks and food. In contrast to Suncithin G96, a conventional soy lecithin that is non-GMO and fully traceable and is also created from sunflower lecithin, Soycithin G97 IP is a soy lecithin that is made from soy oil and is free of allergens.
- In March 2021, In North America, Lecico and Ciranda began a distribution partnership for lecithin and phospholipids with an emphasis on regional commercial and technical support as well as clean-label food trends.
Lecithin Key Market Trends
- Rising demand for non-GMO and organic lecithin: With the increasing consumer demand for non-GMO and organic products, there is a growing trend towards the use of non-GMO and organic lecithin. This trend is particularly strong in the food and dietary supplement industries.
- Growing use of lecithin in the pharmaceutical industry: Lecithin is used in the pharmaceutical industry as an emulsifier, solubilizer, and stabilizer in various drug formulations. With the increasing demand for pharmaceuticals, the demand for lecithin in this industry is expected to grow.
- Increasing use of lecithin in the cosmetics industry: Lecithin is used in cosmetics and personal care products as a natural emulsifier and moisturizer. The growing demand for natural and sustainable cosmetics is expected to drive the growth of the lecithin market in this industry.
- Technological advancements in lecithin production: Technological advancements in lecithin production, such as enzyme-catalyzed extraction and ultrasound-assisted extraction, are leading to improved yields and purity of lecithin. This is expected to increase the availability and reduce the cost of lecithin, which is likely to drive the growth of the market.
- Increasing demand for lecithin in the animal feed industry: Lecithin is used in the animal feed industry as an emulsifier and source of phospholipids. With the increasing demand for animal protein, the demand for lecithin in the animal feed industry is expected to grow.
Lecithin Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Lecithin market is It is increasingly utilized in baked goods, ready-to-eat meals, confectioneries, pasta, and instant foods, which is a primary driver of growth due to its qualities as an emulsifier, viscosity reduction, and wetting agent. Due to the existence of clients who are price sensitive, lecithin producers compete on the basis of competitive pricing. To gain a competitive edge in the market, manufacturers place a high priority on process innovation and the sources of affordable raw materials. Small price increases are anticipated over the projected period as a result of the rapid expansion of end-use sectors such food, beverage, feed, and pharmaceuticals as well as the rise in lecithin production.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 589.07 million |
| Market size value in 2031 | USD 1148.44 million |
| Growth Rate | 7.70% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Lecithin Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Lecithin Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Lecithin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Lecithin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Lecithin Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Lecithin Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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