Global Lecithin and Phospholipids Market, By Source (Soy, Sunflower, Rapeseed, EGG and Other Sources), Type (Fluid Lecithin, De-Oiled Lecithin and Modified), Application (Feed and Food Industry, Healthcare Nutrition and Supplements, Pharmaceuticals and Others) – Industry Trends and Forecast to 2030.
Lecithin and Phospholipids Market Analysis and Size
The lecithin and phospholipids market is anticipated to grow at a significant rate during the forecast period due to the increasing application of lecithin and phospholipids in confectioneries, pasta, baked goods, ready-to-eat and instant foods because of its properties, such as viscosity reduction agent, emulsifier and wetting agent. The “soy” is expected to be the fastest-growing source segment during the forecast period because soy Lecithin is extensively used for manufacturing ice creams, dietary supplements, dairy products, infant formulas, margarine, bread, and other convenience foods.
Data Bridge Market Research analyses that the lecithin and phospholipids market is expected to reach USD 2.22 billion by 2030, which is USD 1.32 billion in 2022, registering a CAGR of 6.72% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Lecithin and Phospholipids Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Soy, Sunflower, Rapeseed, EGG and Other Sources), Type (Fluid Lecithin, De-Oiled Lecithin and Modified), Application (Feed and Food Industry, Healthcare Nutrition and Supplements, Pharmaceuticals and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Cargill Incorporated (U.S.), ADM (U.S.), Stern-Wywiol Gruppe GmbH & Co. KG (Germany), Dowdupont (U.S.), Lipoid GmbH (Germany), Wilmar International Ltd. (Singapore), Sodrugestvo (Luxembourg), Kewpie Corporation (Japan), Sojaprotein (Serbia), American Lecithin Company (U.S.), Sime Darby Plantation Berhad (Malaysia), Lasenor Emul (Spain), S.L., VAV Life Sciences (India), Lecital (Austria), Sonic Biochem (India), Avanti Polar Lipids (U.S.) and Lecico (Germany)
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Market Opportunities
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Market Definition
Lecithin is purifying and extracting phospholipids from plant sources such as sunflowers, soybeans, eggs and canola seeds. Phospholipids are the basic elements of human cells, which are highly related to human reproductive, nervous and hormone functions. Lecithin and Phospholipids have high medical and nutritional value. It is considered equal to vitamin and protein.
Lecithin and Phospholipids Market Dynamics
Drivers
- Increasing application of lecithin and phospholipids as animal feed
Animal feed is also made with lecithin and phospholipids. The physical and chemical properties of lecithin have attracted the manufacture of animal feed. Lecithin increases the fertility rate of animals, especially shrimp and fish. The proper usage of lecithin and phospholipids in animal feed can aid in increasing the lactation of mammals, the breeding rate of seedlings and the hatching rate of poultry eggs. The manufacturing of lecithin and phospholipids is a complex process that must comply with numerous government rules and regulations. The groups of scientific experts at the national and international levels methodically test lecithin and phospholipids.
- Increasing consumers' awareness for clean-label products
The demand for low-fat products is rising rapidly among consumers, and marketing campaigns are planned to highlight the usage and health benefit of lecithin and phospholipids based products around the world. For instance, Cargill which is the US-based company produces lecithin that works as a low-fat dressing. As a result of this, these compounds are gaining the attention of companies who want to form low-fat food products. The demand for the usage of lecithin and phospholipids is anticipated to grow in both developed and developing countries.
Opportunities
- Growth and expansion of pharmaceutical industry
The multifunctional properties of lecithin’s make it a perfect additive for the medicinal purposes. In the formulation of medicine, both synthetic and natural lecithin is used. Moreover, organic phospholipids are highly preferred for the formulation of medicine due to their easy availability, low cost and purity. Lecithin acts as a binding force and maximizes the helpful results of the drug to improve infusion and solubility. Asia Pacific is a prominent manufacturer of pharmaceutical ingredients, witnessing for 46 to 50% of the global market, making it a significant geographical area for lecithin manufacturers. The rapid growth in population has contributed to an increase in pharmaceutical demand, which will generate lucative opportunities for the market growth during the forecast period..
Restraints/ Challenges
- Fluctuating price of Lecithin and Phospholipids
Manufacturers of lecithin and phospholipids use plant sources, including sunflower, soy and rapeseed, to manufacture lecithin and phospholipids. These materials can be present in large amount in the market. But the volatility in the price of raw materials hinders the manufacturing company's profit margin. Moreover, the increasing availability for high-quality lecithin at low prices will also obstructs the market growth rate.
This lecithin and phospholipids market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the lecithin and phospholipids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact on Global Lecithin and Phospholipids Market
The outbreak of COVID-19 pandemic had an adverse impact on the global lecithin and phospholipids market growth because people became conscious regarding their health and their interest for naturally derived food ingredients augmented abruptly during pandemic. However, as the restrictions and lockdown eased off the demand for the lecithin and phospholipids regularized. The costs associated with the raw materials, energy, transportation and production augmented as the lockdown restrictions were relieved off. Therefore, manufacturers augmented costs of end products to sustain their profit margins.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Lecithin and Phospholipids Market Scope
The lecithin and phospholipids market is segmented on the basis of source, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Soy
- Sunflower
- Rapeseed
- EGG
- Other Sources
Type
- Fluid Lecithin
- De-Oiled Lecithin
- Modified
Application
- Feed and Food Industry
- Healthcare Nutrition and Supplements,
- Pharmaceuticals
- Others
Lecithin and Phospholipids Market Regional Analysis/Insights
The lecithin and phospholipids market is analyzed and market size insights and trends are provided by country, source, type and application as referenced above.
The countries covered in the lecithin and phospholipids market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the lecithin and phospholipids market in terms of revenue and market share owing to the increasing usage of lecithin and phospholipids in medicines or as animal fodder in this region.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the strong presence of large industries and high investments in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lecithin and Phospholipids Market Share Analysis
The lecithin and phospholipids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to lecithin and phospholipids market.
Some of the major players operating in the lecithin and phospholipids market are:
- Cargill Incorporated (U.S.)
- ADM (U.S.)
- Stern-Wywiol Gruppe GmbH & Co. KG (Germany)
- Dowdupont (U.S.)
- Lipoid GmbH (Germany)
- Wilmar International Ltd. (Singapore)
- Sodrugestvo (Luxembourg)
- Kewpie Corporation (Japan)
- Sojaprotein (Serbia)
- American Lecithin Company (U.S.)
- Sime Darby Plantation Berhad (Malaysia)
- Lasenor Emul (Spain)
- S.L., VAV Life Sciences (India)
- Lecital (Austria)
- Sonic Biochem (India)
- Avanti Polar Lipids (U.S.)
- Lecico (Germany)
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