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lecithin market

Lecithin Market Share, Size, Trends, Industry Analysis Report, By Type (De-oiled, Modified, Fluid); By Source (Sunflower, Soy, Egg, Others); By Application; By Region; Segment Forecast, 2021 - 2028

  • Published Date: Oct 2021
  • Pages: 115
  • Format: PDF
  • Report ID: PM1379
  • Base Year: 2020
  • Historical Data: 2016 - 2019

Report Summary

The global lecithin market size was valued at USD 865.4 million in 2020 and is expected to grow at a CAGR of 5.6% during the forecast period. Lecithin is derived from various sources, including soy, sunflower, egg yolk, and rapeseed. It is used in food and beverages, dietary supplements, animal feed, pharmaceuticals, and cosmetics.

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Lecithin is used to treat Alzheimer's disease, dementia, gallbladder disease, and age-related memory loss. It also helps to improve cholesterol levels and heart health. It has health benefits such as improved digestion, better sleep patterns, and better liver function. It also assists in enhancing cholesterol levels and boosting heart health.

COVID-19 pandemic had a negative impact on the market owing to the global lockdowns and restrictions pertaining to the manufacturing facilities. The wide spread of coronavirus across the regions has led to the reduced demand across several end-use industries impacting the demand for the raw materials such as different types of lecithin including soy and sunflower.

Industry Dynamics

Growth Drivers
The major factors driving the growth of lecithin market include increasing consumption of functional foods, naturally sourced ingredients, and growing demand for dietary supplements. There has been greater awareness among consumers regarding preventive healthcare and nutrition. Rising instances of lifestyle-based diseases such as diabetes and cardiovascular disorders coupled with the growing application of lecithin in production of medicines support the market's growth.

There has been an increase in demand from the food sector for use as an additive, lubricant, and emulsifier to produce ready-to-eat meals and processed meat. Greater demand has been registered from cosmetics, personal care, and animal feed sectors. The global market for lecithin is also influenced by the economic growth in developing countries, rising disposable income, and changing lifestyles of consumers.

The application of lecithin has increased in herbal supplements. Growing occurrences of health disorders, increasing awareness regarding healthy eating habits, and rise in health and fitness consciousness are supplementing the growth in this sector. It is also increasingly used in production of cosmetic products.

Lecithin provides soothing, softening, and moisturizing properties to the skin. Lecithin-based cosmetics offer benefits such as skin repair, hydration, and anti-aging effects, increasing its demand worldwide. Lifestyle changes of consumers, growing awareness regarding skincare, and increasing inclination towards the use of natural ingredients support the growth of this segment.

Report Segmentation

The market is primarily segmented on the basis of type, source, application, and region.

By Type

By Source

By Application

By Region

  • De-oiled
  • Modified
  • Fluid
  • Sunflower
  • Soy
  • Egg
  • Others
  • Animal Feed
  • Dietary Supplements
  • Functional Food & Beverages
  • Pharmaceutical
  • Others
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, South Africa, Israel, UAE)

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Insights by Type

On the basis of type, the market is segmented into de-oiled, modified, and fluid. There is expected to be high demand for fluid lecithin during the forecast period owing to its stability, ease of handling, and high quality. It is used in products such as dairy, meat, confectionery, and baked goods, among others. The major factors driving the growth of this segment include increasing occurrence of lifestyle diseases, rising awareness regarding health benefits of lecithin, and increasing disposable income.

Insights by Source

The source segment has been divided into sunflower, soy, egg, and others. The soy segment accounted for a major share of the global market for lecithin. Some factors driving the growth of this segment include wide availability, cost-effectiveness, and an easy extraction process. Increasing application in personal care and cosmetics owing to rising consciousness regarding skincare and adoption of beauty trends boosts the market growth of this segment.

Insights by Application

The application segment has been divided into animal feed, dietary supplements, functional food & beverages, pharmaceutical, and others. Increasing demand for organic food, growing consumption of nutritional supplements, and rising initiatives towards preventive healthcare drive the growth of the food and beverages segment. Increasing preference towards protein-rich diets, health benefits of lecithin, and changing food habits of consumers have resulted in greater market demand for the product from this sector.

Geographic Overview

Asia Pacific is expected to grow at a significant rate during the forecast period. Increasing awareness regarding diet and nutritious eating habits, rising demand for natural ingredients, and growing geriatric population drive the growth in this region. The expansion of leading market players in the region and increasing cases of lifestyle-associated diseases have increased the demand for the product. Increasing application in personal care products and cosmetics further support the market growth.

Competitive Landscape

The leading players in the lecithin market include American Chemie Inc.,American Lecithin Company, Archer Daniels Midland Company, Bunge Limited, Cargill Inc., DuPont de Nemours, Fismer Lecithin GmbH., GIIAVA, Global River Food Ingredients, Lipoid GmbH Lecio Gmbh, NOW Foods, Sonic Biochem, Soya International, Stern Ingredients India Pvt. Ltd, Sternchemie Gmbh & Co. Kg,Thew Arnott & Co. Ltd., VAV Life Sciences Pvt Ltd, Wilmar International.

To expand their customer base and strengthen their market presence, these companies are expanding their presence across various regions and entering new markets in developing regions. To meet rising consumer demands, companies are also introducing new innovative products to the market.

Lecithin Market Report Scope

Report Attributes

Details

Market size value in 2020

USD 865.4 million

Revenue forecast in 2028

USD 1,235.0 million

CAGR

5.6% from 2021 - 2028

Base year

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Segments covered

By Type, By Source, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

American Chemie Inc.,American Lecithin Company, Archer Daniels Midland Company, Bunge Limited, Cargill Inc., DuPont de Nemours, Fismer Lecithin GmbH., GIIAVA, Global River Food Ingredients, Lipoid GmbH Lecio Gmbh, NOW Foods, Sonic Biochem, Soya International, Stern Ingredients India Pvt. Ltd, Sternchemie Gmbh & Co. Kg,Thew Arnott & Co. Ltd., VAV Life Sciences Pvt Ltd, Wilmar International.

Key Take-Away
Polaris Market Research
Lecithin Market | Size, Growth, Share Report 2021-2028