Press release
Lecithin Market Driven By Increasing demand for animal feed products
Lecithin Market
The global lecithin market is valued at 1.65 Billion USD in 2017 and is expected to reach 2.4 Billion USD by the end of 2024.
Escalating public awareness regarding the benefits of health food products will foster lecithin market growth over the projected timeframe. Furthermore, growing propensity towards natural food items in order to limit preservative usage will facilitate industry development.
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Growing demand towards natural food products to reduce the usage of preservatives is likely to further support the industry growth. Lecithin has several characteristics that make it a favored component in nutraceuticals and health foods, including functional phospholipids.
Top Manufacturers:
o THEW ARNOTT & CO LTD
o Sternchemie
o LEKITHOS
o SOYA International
o LECICO
o Novastell
o Sun Nutrafoods (SNF)
o Rasoya Proteins Ltd.
o Bansal Extraction & Exports Pvt Ltd. (BEEPL)
o Shankar Soya Concepts
o Vippy Industries Ltd
Lecithin demonstrates significant application potential in the food & beverage domain, owing to its ability to emulsify and homogenize fat particles in foods.
It is particularly advantageous in the bakery industry, as it enhances dough tolerance and also serves as a releasing agent post baking. It also acts as an instantizer in confectionaries and baked goods, enabling the dispersion of proteins and other minerals in aqueous systems.
Through segmentation by source, the lecithin industry is categorized into canola, soy, sunflower and egg yolk segments. Among these, the soy segment is anticipated to record valuation of more than $1.5 billion over 2024. Extracted from raw soybeans, the product is a preferred ingredient in several health and conventional food stores, as well as in supplement form to enhance health. Lecithin market from the soy segment is boosted significantly by shifting trends towards healthier lifestyles and escalating demand for nutrient-rich supplements and food products.
According to reports from authentic sources, the global lecithin market size is set to surpass $2.4 billion by 2024.
Canola lecithin market, meanwhile, registered revenue of over $75 million in 2017 and is likely to witness stronger growth prospects over the estimated timeline. Canola oils contain high concentrations of polyunsaturated fats, which help reduce LDL cholesterol and are free from artificial preservatives, trans-fat and GMO.
The product is used extensively in the manufacture of tartar sauce, salad dressings, mayonnaise and cream cheese spread, given its smooth texture and high smoke point. It is also a popular ingredient in bakery items as they help retain moisture and retain freshness and flavor, in turn asserting a positive impact on lecithin market trends.
The lecithin market from the sunflower segment is projected to register a commendable growth rate of 6% over 2024. The product is derived through the dehydration of sunflowers followed by cold-press system processing. It contains high concentrations of choline and other fatty acids which supplement the reduction of other fats and provide protection to red blood cells.
The product also acts as an emulsifier, which can balance fat levels in the bloodstream and consequently improve heart health. Sunflower is also known to aid in joint lubrication and decrease inflammation over the body.
Sunflower lecithin market demand is considerably augmented by the product's robust potential in bakery applications, as it enhances gluten extensibility, which can impact various facets of the baking process and improve dough machinability.
On the regional front, North America lecithin market, led by US and Canada, is likely to register a growth rate of over 5% through 2024. Mounting demand for natural skincare, cosmetics and fragrance products owing to their high absorbability, hydration and moisturizing properties will amplify industry penetration. Furthermore, growing customer propensity towards ethical and organic cosmetic products, with natural properties may spur market growth in the region.
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Europe lecithin industry, led by UK, France, Germany and Spain, is expected to register revenue worth $595 million over 2024. Escalating demand for low-calorie and low-fat bakery goods including cakes, pastries and biscuits in the region will boost industry trends. Moreover, the proliferating demand for convenient, healthy, and nutrition-rich snacks like wrapped bread will further expedite market growth.
Meanwhile, the APAC lecithin market, led by Japan, India and China is anticipated to record a growth rate of approximately 5% through 2024. This is attributable largely to high product penetration across the pharmaceuticals industry. India and China are witnessing a surge in population levels, driving up the necessity for medical aids to treat conditions like Alzheimer's, skin disorders like eczema and high cholesterol, among others. Lecithin industry outlook will be further bolstered by favorable government mandates for pharmaceutical developments in the region.
Partial TOC
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Lecithin industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
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