Lecithin & Phospholipids Market Forecasts to 2028 – Global Analysis By Type (De-Oiled, Modified), Source (Sunflower, Rapeseed & Canola, Egg), Application, and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $5.17 BN |
|
Projected Year Value (2028) |
US $9.03 BN |
|
CAGR (2021 - 2028) |
8.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Lecithin & Phospholipids Market is accounted for $5.17 billion in 2021 and is expected to reach $9.03 billion by 2028 growing at a CAGR of 8.3% during the forecast period. Lecithin is a fat that is essential for the cells in the body. Phospholipids are a class of lipids that are essential parts of the cell membrane.
Market Dynamics:
Driver:
Increasing consumer awareness
Rising consumer awareness regarding the ill effects of the consumption of chemical ingredients and the presence of natural or organic ingredients as alternatives in the market drive the demand for natural food additives. The demand for natural food additives is increasing, due to which manufacturers are launching various products with natural ingredients that can provide an advantage to drive consumption. As lecithin, a type of food emulsifier is of natural origin, it is poised to witness an increase in adoption by the industry, thereby driving its market growth.
Restraint:
Replicability of lecithin & phospholipids
In spite of their significant role in food safety and shelf-life extension, the preference for synthetic emulsifiers over natural emulsifiers such as lecithin & phospholipid is proving to be a challenge for the market. There is limited availability of natural sources. Natural emulsifiers such as lecithin & phospholipids are yet to be manufactured on a larger scale; the commercialization of manufacturing processes of lecithin & phospholipids is also yet to happen.
Opportunity:
Changing consumer lifestyles
The trend of consumer preference for low-fat products is rapidly increasing, and marketing campaigns are planned around highlighting their use and health benefit claims. The demand for low-fat products may be driven by the increase in processed food production and innovation in almost all segments. The demand for the usage of lecithin is likely to grow continually in early adopting countries and exponential growth is projected in new and emerging markets.
Threat:
Fluctuating raw materials prices
Manufacturers of lecithin & phospholipids use egg and plant sources for the production of lecithin & phospholipids. These raw materials are available in large quantities. But, the fluctuating prices of raw materials obstruct the manufacturers’ profit margin. End-use manufacturers, especially food manufacturers, demand high-quality lecithin that can be sourced at low prices. The increase in prices of raw materials subsequently increases the processing cost of lecithin, resulting in a higher selling price.
The soy segment is expected to be the largest during the forecast period
The soy segment is estimated to have a lucrative growth as soy is extensively chosen among manufacturers due to the sufficient availability of soybean and the cheap extraction process and it is also used as a replacement for cocoa butter in the chocolate industry, owing to the rising prices of cocoa butter.
The fluid segment is expected to have the highest CAGR during the forecast period
The fluid segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the growing demand for fluid lecithin from the feed industry and industrial applications. Apart from this, fluid lecithin is used in paints, varnishes, and textiles.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to busy lifestyles, urging consumers to opt for on-the-go and RTE products, growing population, and increasing per-capita income of consumers.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period owing to rising demand for cosmetic items and increasing disposable income, which will be complemented by increased demand for skincare and hair care products.
Key players in the market
Some of the key players profiled in the Lecithin & Phospholipids Market include Wilmar International Ltd., VAV Life Sciences Pvt. Ltd., Sun Nutrafoods, American Lecithin Company, DuPont, Sime Darby Oils, Lipoid GmbH, Avril Group, Lasenor Emul, S.L., Kewpie Corporation, IMCD Group B.V., Fismer Lecithin, Sodrugestvo Group, Cargill, Bunge Limited, Sonic Biochem, Lecital, ADM and STERN-WYWIOL GRUPPE.
Key Developments:
In December 2021, IMCD Group B.V. acquired Polychem Handelsges.m.b.H. to serve customers and partners throughout Southeast Europe (SEE). Besides broadening its global network of technical centers by establishing the first laboratory in this region, it provides the opportunity for further regional development in SEE emerging markets.
In November 2021, ADM acquired SOJA PROTEIN. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet the growing demand for plant-based foods and beverages.
Types Covered:
• De-Oiled
• Fluid
• Modified
Sources Covered:
• Sunflower
• Soy
• Rapeseed & Canola
• Egg
• Other sources
Natures Covered:
• Non-Genetically Modified Organisms (GMOs)
• Genetically Modified Organisms (GMOs)
Applications Covered:
• Food & Beverages
• Pharmaceuticals
• Nutrition & Supplements
• Industrial
• Healthcare
• Feed
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Lecithin & Phospholipids Market, By Type
5.1 Introduction
5.2 De-Oiled
5.3 Fluid
5.4 Modified
5.4.1 Enzymatic Hydrolysis
5.4.2 Chemical Modification
6 Global Lecithin & Phospholipids Market, By Source
6.1 Introduction
6.2 Sunflower
6.3 Soy
6.4 Rapeseed & Canola
6.5 Egg
6.6 Other sources
6.6.1 Milk
6.6.2 Krill
6.6.3 Corn
7 Global Lecithin & Phospholipids Market, By Nature
7.1 Introduction
7.2 Non-Genetically Modified Organisms (GMOs)
7.3 Genetically Modified Organisms (GMOs)
8 Global Lecithin & Phospholipids Market, By Application
8.1 Introduction
8.2 Food & Beverages
8.2.1 Spreads & Margarine
8.2.2 Convenience Foods
8.2.3 Sauces
8.2.4 Gravies
8.2.5 Fish & Meat
8.2.6 Dairy
8.2.7 Soups
8.2.8 Confectioneries
8.2.9 Bakery Products
8.3 Pharmaceuticals
8.4 Nutrition & Supplements
8.5 Industrial
8.6 Healthcare
8.7 Feed
8.8 Other Applications
8.8.1 Cosmeceuticals
8.8.2 Personal Care Products
9 Global Lecithin & Phospholipids Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
13 Company Profiling
13.1 Wilmar International Ltd.
13.2 VAV Life Sciences Pvt. Ltd.
13.3 Sun Nutrafoods
13.4 American Lecithin Company
13.5 DuPont
13.6 Sime Darby Oils
13.7 Lipoid GmbH
13.8 Avril Group
13.9 Lasenor Emul, S.L.,
13.10 Kewpie Corporation
13.11 IMCD Group B.V.
13.12 Fismer Lecithin
13.13 Sodrugestvo Group
13.14 Cargill
13.15 Bunge Limited
13.16 Sonic Biochem
13.17 Lecital
13.18 ADM
13.19 STERN-WYWIOL GRUPPE
List of Tables
1 Global Lecithin & Phospholipids Market Outlook, By Region (2020-2028) ($MN)
2 Global Lecithin & Phospholipids Market Outlook, By Type (2020-2028) ($MN)
3 Global Lecithin & Phospholipids Market Outlook, By De-Oiled (2020-2028) ($MN)
4 Global Lecithin & Phospholipids Market Outlook, By Fluid (2020-2028) ($MN)
5 Global Lecithin & Phospholipids Market Outlook, By Modified (2020-2028) ($MN)
6 Global Lecithin & Phospholipids Market Outlook, By Enzymatic Hydrolysis (2020-2028) ($MN)
7 Global Lecithin & Phospholipids Market Outlook, By Chemical Modification (2020-2028) ($MN)
8 Global Lecithin & Phospholipids Market Outlook, By Source (2020-2028) ($MN)
9 Global Lecithin & Phospholipids Market Outlook, By Sunflower (2020-2028) ($MN)
10 Global Lecithin & Phospholipids Market Outlook, By Soy (2020-2028) ($MN)
11 Global Lecithin & Phospholipids Market Outlook, By Rapeseed & Canola (2020-2028) ($MN)
12 Global Lecithin & Phospholipids Market Outlook, By Egg (2020-2028) ($MN)
13 Global Lecithin & Phospholipids Market Outlook, By Other sources (2020-2028) ($MN)
14 Global Lecithin & Phospholipids Market Outlook, By Milk (2020-2028) ($MN)
15 Global Lecithin & Phospholipids Market Outlook, By Krill (2020-2028) ($MN)
16 Global Lecithin & Phospholipids Market Outlook, By Corn (2020-2028) ($MN)
17 Global Lecithin & Phospholipids Market Outlook, By Nature (2020-2028) ($MN)
18 Global Lecithin & Phospholipids Market Outlook, By Non-Genetically Modified Organisms (GMOs) (2020-2028) ($MN)
19 Global Lecithin & Phospholipids Market Outlook, By Genetically Modified Organisms (GMOs) (2020-2028) ($MN)
20 Global Lecithin & Phospholipids Market Outlook, By Application (2020-2028) ($MN)
21 Global Lecithin & Phospholipids Market Outlook, By Food & Beverages (2020-2028) ($MN)
22 Global Lecithin & Phospholipids Market Outlook, By Spreads & Margarine (2020-2028) ($MN)
23 Global Lecithin & Phospholipids Market Outlook, By Convenience Foods (2020-2028) ($MN)
24 Global Lecithin & Phospholipids Market Outlook, By Sauces (2020-2028) ($MN)
25 Global Lecithin & Phospholipids Market Outlook, By Gravies (2020-2028) ($MN)
26 Global Lecithin & Phospholipids Market Outlook, By Fish & Meat (2020-2028) ($MN)
27 Global Lecithin & Phospholipids Market Outlook, By Dairy (2020-2028) ($MN)
28 Global Lecithin & Phospholipids Market Outlook, By Soups (2020-2028) ($MN)
29 Global Lecithin & Phospholipids Market Outlook, By Confectioneries (2020-2028) ($MN)
30 Global Lecithin & Phospholipids Market Outlook, By Bakery Products (2020-2028) ($MN)
31 Global Lecithin & Phospholipids Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
32 Global Lecithin & Phospholipids Market Outlook, By Nutrition & Supplements (2020-2028) ($MN)
33 Global Lecithin & Phospholipids Market Outlook, By Industrial (2020-2028) ($MN)
34 Global Lecithin & Phospholipids Market Outlook, By Healthcare (2020-2028) ($MN)
35 Global Lecithin & Phospholipids Market Outlook, By Feed (2020-2028) ($MN)
36 Global Lecithin & Phospholipids Market Outlook, By Other Applications (2020-2028) ($MN)
37 Global Lecithin & Phospholipids Market Outlook, By Cosmeceuticals (2020-2028) ($MN)
38 Global Lecithin & Phospholipids Market Outlook, By Personal Care Products (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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