Lecithin Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2031

FMI

The thriving fad of weight loss through dietary variations and the proliferation of associated calorie intake concerns drive incorporation of lecithin & phospholipids in various F&B products. As suggested by a recent study of Future Market Insights (FMI), the market will be majorly buoyed by rising consumption of convenience foods, functional foods & beverages, and increasing demand for green and organic food products. The global lecithin & phospholipids market is on a positive growth trajectory, with growth projected at a heathy 5.7% CAGR during the forecast period (2020-2030).

The report also says that the consumers’ preference for foods with a rich nutrition profile is bolstering demand for de-oiled lecithin. However, as the number of COVID cases explodes all over the globe, the pandemic is leading to a downtrend in the market. As a consequence, production in various end-use verticals is slowing down, thereby lowering the supply side demand for the players.

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lecithin market key regions and product type mekko chart, 2021

Segmental Highlights

Soy lecithin holds the lion’s share in the source segment owing to the availability of soybean and the cheap extraction process. Furthermore, soy lecithin is gaining traction in the feed application as a replacement for cocoa butter in the chocolate industry.

Fluid type segment accounts for the majority of market value on the back of increasing usage in paints, varnishes, and textiles. Moreover, growing adoption in industrial applications is propelling the demand for fluid type lecithin.

Food industry drives the majority of sales on the back of high usage in confectionery, bakery, and comfort food products. The usage in comfort foods is likely to increase demand owing to the rise in sales of comfort food during the pandemic, thereby mitigating impact to an extent.

Feed segment is anticipated to exhibit significant growth owing to increasing preference for protein-rich diets in emerging economies such as China, and increasing demand for soy lecithin in the feed segment.

Europe will remain the leading regional market for lecithin & phospholipids owing to high adoption among the end-use industries in the region.

Asia Pacific is anticipated to register substantial growth and will account for a respectable total by the end of the forecast period. The growth is attributed to export opportunities of non-GMO lecithin from countries such as India to the European market.

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Analyst Viewpoint:

Increasing demand for lecithin in feed and food applications, and the growing trend towards the use of natural ingredients in cosmetics and dietary supplements around the globe is fuelling the phospholipid market.

Competitive Landscape

Some of the leading companies operating in the Lecithin Market are:

  • Lecio Gmbh
  • Archer Daniels Midland Company
  • VAV Life science Pvt. Ltd.
  • Sonic Biochem
  • American Chemie Inc.,
  • Americal Lecithin Company
  • Fishmer Lecithin
  • Lasenor Emul
  • Sodrugestvo Group
  • Kewpie Corporation

Lecithin Market by Category

Based on Product Type, the global lecithin market can be segmented as:

  • Fluid Lecithin
  • De-oiled Lecithin
  • Modified Lecithin

Based on Source, the global lecithin market can be segmented as:

  • Soy Lecithin
  • Sunflower Lecithin
  • Rapeseed Lecithin
  • Egg Lecithin
  • Others

Based on Application, the global lecithin market can be segmented as:

  • Food
  • Pharmaceuticals
  • Cosmetics
  • Animal Feed
  • Nutraceuticals
  • Others

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Key Questions Answered in the Lecithin Report

  • Which is the most lucrative market for lecithin?

    Europe is one of the leading markets for Lecithin. The rising prevalence of immunity and overall health has been encouraging consumers to the adoption of supplement. This is expected to have a considerable impact on the market.

  • Which product type of lecithin is used widely?

    Fluid lecithin in the nature segment holds a larger market share as compared to another product type of lecithin, while significant growth in CAGR of other product types segment can be witnessed with the rising demand for plant-based ingredient products.

  • Which are the application of lecithin?

    Lecithin is majorly used in foods; a variety of processed food products are being developed by integrating lecithin as an emulsifying agent. The pharmaceutical industry also makes use of lecithin as a dietary supplement that offers nutritional and immunity boosting benefits.

  • Which are some of the leading companies offering the lecithin market?

    Some of the leading companies offering Lecithin are Lecio Gmbh, Archer Daniels Midland Company, VAV Life science Pvt. Ltd., Sonic Biochem, American Chemie Inc., Americal Lecithin Company, Fishmer Lecithin, Lasenor Emul, Sodrugestvo Group, Kewpie Corporation and other players.

  • Which are the key success factors supporting the growth of the lecithin market?

    Some of the key success factors supporting the Lecithin Market growth are as follows: Nuanced Marketing Campaigns, Implementation of New Production Techniques, Widening Product Portfolio, Exploiting Economies of Sales, and Strategic Promotional Activity among others.

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