What are the factors driving the Lecithin Market growth? Key Players ADM, SOYA, Cargill, Bunge, Lekithos, Sun Nutrafoods, Haneil Soyatech

Global Market Insights, Inc. has launched a report on Lecithin Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

The lecithin industry has been widely associated with developing processed food products, animal feed and pharmaceutical drugs. Soy derived lecithin, particularly, has been the leading lecithin product offering a flexible, multifunctional substance which is pertinent to a number of food and industrial sectors. Being recognized by international organizations and health authorities has further endorsed various applications of the lecithin market.

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Key Players:
• ADM
• SOYA
• Cargill
• Bunge
• Lekithos
• Sun Nutrafoods
• Haneil Soyatech

Increasing preference for incorporating naturally sourced ingredients in everyday consumables has enormously proliferated the lecithin market, owing to the extensive health benefits and blending properties of these substances. Usually obtained from eggs, soybeans or sunflower seeds, lecithin can function as an emulsifier and in different products can help in treating high cholesterol.

The Food and Drug Administration (FDA) has specifically included lecithin on its list of Generally Recognized As Safe (GRAS) substances for directly adding to food and is also approved by the European Union as a food additive. Subsequently, the global lecithin market, which recorded earnings of over USD 1.65 billion in 2017, was dominated by the demand for soy lecithin which is highly suitable as a food stabilizer and an efficient source of energy. The product is very useful in stabilizing oily blends such as mayonnaise and ranch dressings, along with acting as a surfactant in processed food to allow substances to mix without clumps formation. Evidently, the lecithin industry will generate substantial remunerations from the food and beverage segment due to emulsifying property of the substance that permits consistent texture in diverse liquid-based products.

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Ability of lecithin to boost bodily functions is also much hyped and has diverted tremendous attention towards the lecithin market, mostly for the efficient utilization of phospholipids present within the soy-derived substances. Researchers from Japan had proven that administration of fresh phospholipids could help to replace damaged cell membranes and reinstate the function and structure of cellular membrane, which is termed as lipid replacement therapy. The therapy has been efficacious in improving problems related to cases of fatigue, metabolic syndromes, diabetes symptoms and degenerative diseases. Lecithin is commonly found in body tissues and supplementing it through food items is certain to enhance deteriorating health conditions, denoting a critical value addition offered by the lecithin market.

Lecithin has, over time, demonstrated its significance in a host of health and personal care products and is also used as an emollient that makes skin feel smoother by restoring hydrations. The soy lecithin market was valued at more than USD 1.1 billion in 2017, and the inclusion of the substance in cosmetics made up a sizable portion of these revenues. Reportedly, the Cosmetic Ingredient Review (CIR) Expert Panel had assessed the safety of lecithin, hydrogenated lecithin more specifically, and determined that it is suitable for use in rinse-off products. The panel also informed that lecithin could be used in leave on products in limited or controlled concentrations, supporting the lecithin market expansion into the cosmetics segment.

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Essentially, addition of a natural ingredient to lower the surface tension in lotions or body oils minimizes the need for a synthetic agent, permitting the creation of more improved blend of materials and ensuring easier spread of the product. Skin care products contributed nearly 36% to the overall cosmetics industry in 2016, highlighting the importance of soy lecithin which is used as a natural emulsifier and a dispersing agent for pigments. As the substance helps chemicals to penetrate deeper into the skin and exhibits antioxidant properties that repair inflamed or irritated skin, soy lecithin is incorporated into many moisturizing screams and even few shampoos. With the rising trend of purchasing higher-end natural products in the personal care sector, the soy lecithin market could experience augmented demand from the evolving lifestyle of consumers.

The value of the beauty and personal care products segment in Europe itself had reached approx. EUR 83.4 billion (USD 96.64 billion) in 2017, signifying the immense potential for the soy lecithin industry, which caters to several international cosmetic brands. Companies such as Cargill, ADM, GIIAVA and SOYA are prominent lecithin market share contenders that aim to deliver safe, natural ingredients for use in food and beverages as well as for manufacturing effective cosmetic products. Increased awareness about healthier options and innovations in product development will further alter the lecithin industry dynamics in the years to come.

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