Lecithin Market Overview
Lecithin Market size is projected to reach USD 2.07 Billion by 2032 from an estimated USD 1.24 Billion in 2023, growing at a CAGR of 5.86% globally.
Lecithin is a fat that is required in the cells of the body. It can be discovered in various foods, including egg yolk, soy, sunflower, rapeseed, cottonseed, and others. Lecithin has properties such as emulsifiers, lubricants, and surfactants. Lecithin is an emulsifier which are usually phospholipids produced from phosphoric acid, choline, glycerol, and another type of fatty acids and which is extensively used in the bakery sector. The product is utilized in commercial baking operations as it offers improved workability of doughs and batters. Therefore, the increase in the bakery industry is projected to directly influence the market demand for lecithin over the forecast period. Lecithin is generally used owing to its prominent features such as smoothening textures of food, softening powders, for homogenizing mixtures in liquid, to push back the sticky material, and also as a stabilizing agent. Furthermore, the application of lecithin to treat several health disorders including Alzheimer's and dementia. Additionally, it is used for the treatment of eczema, liver disease, gallbladder disease, high cholesterol, depression, and anxiety which leads to the lecithin market growth during the forecast period.
Market Dynamics And Factors:
Drivers:
The packaged food sector has witnessed crucial growth on account of shifting consumer perception toward their eating habits. The shift in preference is especially turned by changing the lifestyle of consumers such as long working hours, rising number of women workforces, and quick availability to packaged food items that are accessible in a broad range of cuisines. Lecithin plays a role as an emulsifier at the time of processing of packaged food, which is applied in the production of processed meat such as ready-to-eat meals sausages, liver sausages, and salami.
Rising R&D achievements by manufacturers to achieve profitable production and higher product development may hasten the market statistics. Additionally, government regulations and protocols for phospholipids act as a critical role in food application in the European region may boost the product demand. Global phospholipids business may exceed USD 4 billion by the end of the projected period. These are the compounds that are blended from a source such as lecithin which includes egg and soy and present various functional characteristics in pharmaceutical, nutrition & supplement application, which in turn foster lecithin industry growth.
Most of the demand for lecithin is from the food and pharmaceutical sector as in the food industry it is used as a food additive due to its functional characteristics of anti-spatter and emulsifier. On the other hand, in the pharmaceutical industry it is utilized as a scattering agent and also supports encapsulation, thus it has been applied in form of nutritional supplement. In addition, lecithin also has been demanded as an industrial element where it is utilized as a release agent, anti-sludge additive, emulsifier, spreading agent, and other purposes. Plastic, textile, rubber, and paint are some of the other industries where lecithin is applied for industrial purposes. On scrutinizing all demands of lecithin in the global industry, it is evaluated that the food industry registers to the majority of share in terms of value and volume followed by the pharmaceutical industry and industrial purpose.
Restraints:
Rising price variations of oilseeds on account of drought and political instability in major manufacturing economies along with the supply-demand gap are likely to act as a hamper for market growth. The production method of lecithin is capital intensive along with the application of harmful chemicals such as acetone and hexane in the blended of soy is probable to restrain the market growth.
Additionally, the presence of a remarkably high number of players in the market is producing extensive competition. Lecithin is blended from soy, sunflower, canola, rapeseed, egg, and sometimes shrimps. Lecithin percentage in all raw materials is very low, differing from 0.3 – 1.0%, and thus requires attentive processing and high volumes of raw material, which leads to high production costs. These are major factors hampering the global lecithin market.
Opportunities:
Research and development activities and product advancements are expected to create lucrative opportunities for the lecithin market in the upcoming years.
Market Segmentation
Segmentation Analysis of Lecithin Market:
Based on Source, the soy segment accounted for the largest market share during the forecast period. Soy is prominently used as an emulsifier in different commercial and industrial applications such as food, animal feed, personal care & cosmetics, and pharmaceutical. Furthermore, these are consisting of choline, glycerol, fatty acids, glycolipids and phospholipids these are usually utilized as a liquid, but can also be purchased as granules, which is probably to facilitate product demand in various economies.
Based on the Application, the food and beverages segment are projected to account for the maximum market share over the forecast period. In food processing, lecithin provides an emulsifier, a viscosity reducer, a wetting agent, a crystallization control agent, and a release agent, and other things. Lecithin can also be utilized in a variation of industrial applications.
Regional Insights
North America region is projected to dominate the market during the forecast period. Increasing demand for cosmetic products and growing disposable income followed by skincare and haircare products demand will boost the regional market growth. These products in cosmetics are used for skin care as they are moisturizing which is performed as a softening and soothing agent for all skin types. The powerful moisturizing characteristics help to keep the skin hydrated and make it an additive for restorative creams. It enhances the appearance of the damaged hair and supports straightening procedures as they avert fly-away hair, which are the key attributes favoring regional development.
Asia Pacific region led by countries such as South Korea, Japan, India, and China lecithin market is probable to record remarkedly significant gains during the forecast period. Rising R&D investments in pharmaceuticals and the increasing trend towards generic drug production in the region are expected to accelerate market trends. In addition, the increasing population along with growing health standards has led to a rise in medical service spending. Rapid development in active pharmaceutical ingredients and health tourism market for various economies such as Malaysia, Thailand, and India may hasten the market growth.
In the European region, the increasing utilization of healthy foods and nutritional supplements is turning the market demand. The rising research on non-GMO soy lecithin is likely to further trigger the demand and regional growth.
Latin America is one of the significantly growing regions due to the presence of a large area of land under soybean cultivations. The demand is driven by prime economies, such as Brazil and Argentina, which are responsible for the major soybean cultivation. The switching consumer habits and growing disposable incomes are likely to foster the utilization in end-use industries.
Players Covered In Lecithin Market are:
- Sun Nutrafoods (SNF)/Ago Solvent Products
- Cargill Incorporated
- Sternchemie
- Archer Daniels Midland (ADM)
- Avanti Polar Lipids
- American Natural Processors
- Danisco/DuPont Nutrition & Health
- Ruchi Soya
- AGD
- Lasenor
- Lecico
- Lipoid
- VAV Life Sciences
- Sime Darby Unimills
- The Lecithin Company
- IMCOPA
- FoodChem
- Gauri Agrotech Products
- Keshav Industries
- Leci-Impex
- Bunge Argentina and others major key players.
Key Industry Developments In Lecithin Market
- In July 2023, Bunge and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corporation acquired Chacraservicios S.r.l., based in Argentina from the Italian-based Adamant Group. This latest investment in novel seeds adds a new oil source to Bunge and Chevron’s global supply chains and will help both companies meet the growing demand for lower-carbon renewable feedstocks. Terms of the transaction were not disclosed.
- In March 2024, Sime Darby Berhad proudly announced the successful acquisition of UMW Holdings Berhad (UMW), securing a 100% stake in the company. This strategic move positions UMW as a wholly-owned subsidiary of Sime Darby Berhad, marking a significant milestone in the company's expansion and diversification strategy.
Global Lecithin Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data : |
2017 to 2023 |
Market Size in 2023: |
1.24 Bn. |
Forecast Period 2024-32 CAGR: |
5.86% |
Market Size in 2032: |
2.07 Bn. |
Segments Covered: |
By Type |
|
|
By Distribution Channel |
|
||
By Form |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
3.3 By Form
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Lecithin Market by Type
5.1 Lecithin Market Overview Snapshot and Growth Engine
5.2 Lecithin Market Overview
5.3 Egg Yolk
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Egg Yolk: Grographic Segmentation
5.4 Soy
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Soy: Grographic Segmentation
5.5 Sunflower
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Sunflower: Grographic Segmentation
5.6 Rapeseed
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Rapeseed: Grographic Segmentation
5.7 Cottonseed
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Cottonseed: Grographic Segmentation
5.8 Others
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others: Grographic Segmentation
Chapter 6: Lecithin Market by Application
6.1 Lecithin Market Overview Snapshot and Growth Engine
6.2 Lecithin Market Overview
6.3 Food & Beverages
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Food & Beverages: Grographic Segmentation
6.4 Pharmaceuticals & Nutraceuticals
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Pharmaceuticals & Nutraceuticals: Grographic Segmentation
6.5 Personal Care & Cosmetics
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Personal Care & Cosmetics: Grographic Segmentation
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Grographic Segmentation
Chapter 7: Lecithin Market by Form
7.1 Lecithin Market Overview Snapshot and Growth Engine
7.2 Lecithin Market Overview
7.3 Powder
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Powder: Grographic Segmentation
7.4 Liquid
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Liquid: Grographic Segmentation
7.5 Granules
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Granules: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Lecithin Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 Lecithin Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Lecithin Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 SUN NUTRAFOODS (SNF)/AGO SOLVENT PRODUCTS
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 CARGILL INCORPORATED
8.4 STERNCHEMIE
8.5 ARCHER DANIELS MIDLAND (ADM)
8.6 AVANTI POLAR LIPIDS
8.7 AMERICAN NATURAL PROCESSORS
8.8 DANISCO/DUPONT NUTRITION & HEALTH
8.9 RUCHI SOYA
8.10 AGD
8.11 LASENOR
8.12 LECICO
8.13 LIPOID
8.14 VAV LIFE SCIENCES
8.15 SIME DARBY UNIMILLS
8.16 THE LECITHIN COMPANY
8.17 IMCOPA
8.18 FOODCHEM
8.19 GAURI AGROTECH PRODUCTS
8.20 KESHAV INDUSTRIES
8.21 LECI-IMPEX
8.22 BUNGE ARGENTINA
8.23 OTHER MAJOR PLAYERS
Chapter 9: Global Lecithin Market Analysis, Insights and Forecast, 2017-2032
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Type
9.2.1 Egg Yolk
9.2.2 Soy
9.2.3 Sunflower
9.2.4 Rapeseed
9.2.5 Cottonseed
9.2.6 Others
9.3 Historic and Forecasted Market Size By Application
9.3.1 Food & Beverages
9.3.2 Pharmaceuticals & Nutraceuticals
9.3.3 Personal Care & Cosmetics
9.3.4 Others
9.4 Historic and Forecasted Market Size By Form
9.4.1 Powder
9.4.2 Liquid
9.4.3 Granules
Chapter 10: North America Lecithin Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Egg Yolk
10.4.2 Soy
10.4.3 Sunflower
10.4.4 Rapeseed
10.4.5 Cottonseed
10.4.6 Others
10.5 Historic and Forecasted Market Size By Application
10.5.1 Food & Beverages
10.5.2 Pharmaceuticals & Nutraceuticals
10.5.3 Personal Care & Cosmetics
10.5.4 Others
10.6 Historic and Forecasted Market Size By Form
10.6.1 Powder
10.6.2 Liquid
10.6.3 Granules
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Lecithin Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Egg Yolk
11.4.2 Soy
11.4.3 Sunflower
11.4.4 Rapeseed
11.4.5 Cottonseed
11.4.6 Others
11.5 Historic and Forecasted Market Size By Application
11.5.1 Food & Beverages
11.5.2 Pharmaceuticals & Nutraceuticals
11.5.3 Personal Care & Cosmetics
11.5.4 Others
11.6 Historic and Forecasted Market Size By Form
11.6.1 Powder
11.6.2 Liquid
11.6.3 Granules
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Lecithin Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Egg Yolk
12.4.2 Soy
12.4.3 Sunflower
12.4.4 Rapeseed
12.4.5 Cottonseed
12.4.6 Others
12.5 Historic and Forecasted Market Size By Application
12.5.1 Food & Beverages
12.5.2 Pharmaceuticals & Nutraceuticals
12.5.3 Personal Care & Cosmetics
12.5.4 Others
12.6 Historic and Forecasted Market Size By Form
12.6.1 Powder
12.6.2 Liquid
12.6.3 Granules
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Lecithin Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Egg Yolk
13.4.2 Soy
13.4.3 Sunflower
13.4.4 Rapeseed
13.4.5 Cottonseed
13.4.6 Others
13.5 Historic and Forecasted Market Size By Application
13.5.1 Food & Beverages
13.5.2 Pharmaceuticals & Nutraceuticals
13.5.3 Personal Care & Cosmetics
13.5.4 Others
13.6 Historic and Forecasted Market Size By Form
13.6.1 Powder
13.6.2 Liquid
13.6.3 Granules
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Lecithin Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Egg Yolk
14.4.2 Soy
14.4.3 Sunflower
14.4.4 Rapeseed
14.4.5 Cottonseed
14.4.6 Others
14.5 Historic and Forecasted Market Size By Application
14.5.1 Food & Beverages
14.5.2 Pharmaceuticals & Nutraceuticals
14.5.3 Personal Care & Cosmetics
14.5.4 Others
14.6 Historic and Forecasted Market Size By Form
14.6.1 Powder
14.6.2 Liquid
14.6.3 Granules
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Lecithin Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data : |
2017 to 2023 |
Market Size in 2023: |
1.24 Bn. |
Forecast Period 2024-32 CAGR: |
5.86% |
Market Size in 2032: |
2.07 Bn. |
Segments Covered: |
By Type |
|
|
By Distribution Channel |
|
||
By Form |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Lecithin Market research report is 2024-2032.
Sun Nutrafoods (SNF)/Ago Solvent Products, Cargill Incorporated, Sternchemie, Archer Daniels Midland (ADM), Avanti Polar Lipids, American Natural Processors, Danisco/DuPont Nutrition & Health, Ruchi Soya, AGD, Lasenor, Lecico, Lipoid, VAV Life Sciences, Sime Darby Unimills, The Lecithin Company, IMCOPA, FoodChem, Gauri Agrotech Products, Keshav Industries, Leci-Impex, Bunge Argentina and others, and Other Major Players.
Lecithin Market is segmented into Type, Application, Form, and region. By Type, the market is categorized into Egg Yolk, Soy, Sunflower, Rapeseed, Cottonseed, Others. By Application, the market is categorized into Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care & Cosmetics, Others. By Form the market is categorized into Powder, Liquid, and Granules. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Lecithin is a fat that is required in the cells of the body. It can be discovered in various foods, including egg yolk, soy, sunflower, rapeseed, cottonseed, and others. Lecithin has properties such as emulsifiers, lubricants, and surfactants. Lecithin is an emulsifier which are usually phospholipids produced from phosphoric acid, choline, glycerol, and another type of fatty acids and which is extensively used in the bakery sector.
Lecithin Market size is projected to reach USD 2.07 Billion by 2032 from an estimated USD 1.24 Billion in 2023, growing at a CAGR of 5.86% globally.