Press release
Lecithin Market Industry Growth, Business Strategies, Demand, Emerging Trends And Forecast 2028
Market Overview:Lecithin Market size is projected to reach USD 1.61 Billion by 2028 from an estimated USD 1.11 Billion in 2021, growing at a CAGR of 5.5% globally.
Lecithin is basically a mixture of fats that are essential to cells in the human body. Lecithin supplements can be to help treat high cholesterol, as a breastfeeding aid, and treat ulcerative colitis, among other things. Lecithin supplements are derived from sunflower seeds, eggs, or soybeans. The increasing demand for natural products, rising consumer awareness of healthy eating, and increasing demand for ready-to-eat food are driving the growth of the market. Lecithin is basically used as an emulsifying agent in the food, cosmetics, feed, and pharmaceutical, industries. The most beneficial Source of lecithin is its ability to lower cholesterol. Researchers have discovered that soybean lecithin can contribute to raising HDL cholesterol and lowering LDL cholesterol in blood profiles.
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Market Dynamics:
Driver:
The rising demand for natural ingredients is witnessing an Increase in the usage of lecithin in bakery and confectionery, dairy, and meat products. The increasing demand for convenience foods, such as ready-to-eat food, is growing rapidly due to changing lifestyles, and the rising disposable income of consumers. An increase in cosmetics product development also shifted the focus of manufacturers towards R and D enhancement to develop more efficient products is the key driving factor of the market growth. Moreover, the rapid growth of the healthcare and dietary supplements markets in developing regions is driving the market growth.
Opportunities:
The increase in lecithin in the medical industry and the rise in health benefit associated with lecithin consumption is excepted to grow the market during the forecast period. Key players shifting the focus towards R and D enhancement to develop more efficient products are given an opportunity for the market during the forecast period.
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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.
By Type
• Egg Yolk
• Soy
• Sunflower
• Rapeseed
• Cottonseed
• Others
By Distribution Channel
• Food & Beverages
• Pharmaceuticals & Nutraceuticals
• Personal Care & Cosmetics
• Others
By Form
• Powder
• Liquid
• Granules
Regional Analysis of the Organic Soy Lecithin Market:
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.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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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 March 2021, Lecico declared a distribution collaboration with Ciranda for lecithin and phospholipids all over North America with a target on clean-label food trends in addition to local commercial and technical support.
In February 2021, Sternchemie declared the introduction of soy lecithin dairy substitutes for the European market. The organization has also gained a GRAS no objection letter from the FDA for its segment of sunflower-based lecithin in April 2021.
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Table Of Content:
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 (2016-2028F)
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 (2016-2028F)
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 (2016-2028F)
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 (2016-2028F)
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 (2016-2028F)
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 (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others: Grographic Segmentation
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