Lecithin Market Size Worth $ 1,258.13 Million By 2032 | CAGR: 7.8%

The global Lecithin market size is expected to reach USD 1,258.13 million by 2032, according to a new study by Polaris Market Research. The report “Lecithin Market Share, Size, Trends, Industry Analysis Report, By Form (Granules, Liquid, Powder); By Source; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Lecithin supplements are effective in addressing diverse health conditions, such as ulcerative colitis and high cholesterol, as indicated by a comprehensive study conducted by GOQii, an Indian fitness technology company. In 2021, seniors over 60 constituted over 29.5% of respondents facing cholesterol issues, while young people and teens accounted for approximately 6% and 7%, respectively. The prevalence of such health issues has contributed to the rising demand for lecithin-based supplements.

Additionally, the pursuit of a healthy lifestyle has prompted consumers to explore various dietary supplements for overall well-being. This growing focus on preventive healthcare, coupled with robust endorsements and marketing initiatives for lifestyle enhancement products, is propelling the lecithin market within the dietary supplement industry.

A key driver influencing the market is the escalating demand for food ingredients sourced from diverse natural origins, fostering sector growth. The industry is expected to experience further momentum with the increasing launch of products tailored to market demand.

The onset of the COVID-19 outbreaks significantly impacted the initial growth of businesses. The stringent lockdown measures and disruptions in the supply chain led to a decline in the global lecithin market. Furthermore, the post-pandemic slowdown in the food and beverage sector has had a substantial adverse effect on the global demand for lecithin.

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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Lecithin devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Lecithins throughout the forecast period.

Lecithin Market Report Highlights

• In 2023, the Liquid segment secured the largest share of revenue. This substantial market dominance is attributed to a notable surge in demand for the liquid form across various end-use industries, including industrial coatings, food processing, cosmetics, and confectioneries. The liquid form finds extensive use in numerous food products, serving either as a natural component or a food additive. Moreover, it is a popular choice as a dietary supplement, where liquid lecithin often comprises a blend of nositol, choline, phosphatidylcholine, phosphatide, and other compounds, rather than being exclusively phosphatidylcholine. Additionally, the liquid form demonstrates effortless dispersion in oil compared to its other forms.
• During the forecast period, the Animal Feed segment captured the largest market share. This is primarily due to the ongoing rise in meat consumption among a substantial portion of the global population. Additionally, the well-established animal husbandry industry has played a positive role in the overall growth of this sector.
• In 2023, Europe emerged as the leading market, primarily due to the significant presence of lecithin producers in the region. Additionally, the abundance of raw materials and a growing awareness of health among consumers in the region are key factors driving the demand.
• The global key market players include ADM, AKK Soya International, American Lecithin Company, Barentz, Bunge Limited, Cargill, Inc., DuPont de Nemours, Inc., GIIAVA, Global River Food Ingredients, Haneil Soyatech Pvt. Ltd., Imcopo Food Ingredients B.V., Lasenor EMUL., S.L., LECICO GmbH, Lipoid GmbH, NOW Foods, Orison Chemicals Limited, Sime Darby Unimills B.V., Stern-Wywiol Gruppe GmbH & Co. KG, Sun Nutrafoods, Thew Arnott & Co. Ltd., Tianjin Hexiyuan Lecithin Technology Co., Ltd., Wilmar International Ltd.,Yugen Chemicals.

Polaris Market Research has segmented the Lecithin market report based on form, source, end-use, and region:

Lecithin, Form Outlook (Revenue - USD Million, 2019 - 2032)

• Granules
• Liquid
• Powder

Lecithin, Source Outlook (Revenue - USD Million, 2019 - 2032)

• Sunflower
• Rapeseed
• Soy
• Others

Lecithin, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

• Animal Feed
• Convenience Food
• Confectionary
• Pharmaceutical
• Personal Care and Cosmetics
• Bakery

Lecithin, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea

Lecithin Market Report Scope