The global phospholipids market is anticipated to be worth US$1,766 million by 2023. It is expected to grow at a CAGR of 6.7% between 2023 and 2033. By 2033, the market is expected to be worth US$ 3,380.4 million.
Rising demand for natural phospholipids to be utilised in natural cosmetics as a result of the high preference for natural skin products, as well as the many health benefits provided by phospholipids in nutraceuticals and infant formulae, will drive sales in the phospholipids market.
The abundant availability of raw materials such as sunflower, rapeseed, milk, maize and so on, as well as the adaptability of phospholipids in a wide range of end use applications, are driving the expansion of the phospholipids market. Furthermore, the increased frequency of new product launches by leading companies is projected to drive phospholipid sales.
According to FMI’s geographical research, the United States is expected to dominate the global phospholipids market. Growth can be ascribed to consumer investments in personal care products, particularly skin care products, as well as the existence of important manufacturers, who anticipate a high demand in the coming years.
“Increasing demand for natural phospholipids and growth in the cosmetics industry, coupled with abundant raw material availability will create growth prospects for phospholipids market players through the projection period 2022-2032,” -says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)
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Key Takeaways:
- By product type, natural phospholipids is expected to account for more than 63.7% of total phospholipids market share in 2022.
- Sales of phospholipids applied in nutraceuticals is anticipated to hold about 43.7% of the total phospholipids market share in 2022.
- The U.S. is anticipated to hold a dominant share of 80.2% of the North America phospholipids market in 2022.
- China will remain as a lucrative market, creating an incremental opportunity of US$ 331.1 Mn in 2032.
- Germany is projected to account for 18.8% of the Europe phospholipids market share in 2032.
- China and Japan will hold 9.0% and 4.9% of the global phospholipids market share respectively in 2032.
Competitive Landscape
Leading players operating in the global phospholipids market include Avanti Polar Lipids Inc., Bunge Ltd., Cargill, Inc., Lecico GmbH, Lipoid GmbH, VAV Life Sciences Pvt. Ltd., Matreya, LLC, NOF CORPORATION, and others.
Leading players operating in the phospholipids market are engaging in strategic mergers and acquisitions, and are focusing on expansion of their production capacities. Apart from this, players are increasing investments in research and development to develop high quality phospholipids for different end use applications. For instance:
- In 2017, Larodan AB hired synthesis chemists for research and development of new lipid products or phospholipids, and sales and marketing coordinators to strengthen their relationship with international customers of phospholipids.
- In 2019 Avril Group manufacturer of oil and ingredient solutions acquired the Lecico GmbH to expand the business activities in Germany. By acquisition, the company aimed to enhance their product line and market coverage in the global level. As a result of acquisition Lecico GmbH launched two sunflower lecithin manufacturing plant in France and Romania.
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Phospholipids Markey By Category
By Product Type :
- Natural
- Soybean
- Sunflower
- Rapeseed
- Egg
- Others (Milk, Peanuts, etc.)
- Synthetic
By Application :
- Cosmetics
- Skin Care
- Hair Care
- Pharmaceuticals
- Nutraceuticals
By Function :
- Emulsifiers
- Texturizers
- Stabilizers
- Binding Agents
- Releasing Agents
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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