Lecithin and Phospholipids Market: Introduction
The fatty material, which has a yellow-brown colour, is called a Lecithin. Generally, lipids serve as fuel molecules, but lecithin is a structural element of cell membranes, and it is available in every cell. Cells cannot maintain their shape without lecithin and other membranes such as phospholipids. If lecithin or phospholipids is not present in the cell, then the cell would dissolve into their surroundings. Lecithin plays a very vital role in the survival of mammals. Since lecithin can be found in all living organisms, it is widely available in food.
Lecithin can be found in many dietary sources such as peanuts, corn, egg yolk, whole grain and liver. Soybean is the most vital commercial source of lecithin. The commercial lecithin can be found in various food items such as candies, chocolates, macaroni, baking mixes, ice creams, noodles, whipped toppings, and other food items.
The Global Lecithin and phospholipids Market Forecast:
The Global Phospholipids and Lecithin Market size was at USD 1.37 Billion in 2021, and it is predicted that it will reach a valuation of USD 2.50 Billion by the end of 2030 with an annual development rate (CAGR) of 6.91% between 2022 and 2030.
The Global Lecithin and phospholipids Market Overview:
One of the main factors accelerating the growth of the lecithin and phospholipids market is the demand for naturally derived components worldwide. This significant demand is attributed to its easy availability and numerous applications that lecithin and phospholipids have in several industries, and rising consumer cognizance about clean label products.
The acceptance of sunflower-based lecithin is on the rise due to several benefits such as neutral favour, ease of handling and various uses in dietary foods such as bakery products, tablets, capsules, instant sauces and soups.
Furthermore, increasing disposable income, a surge in demand for the natural food additive, changes in lifestyle and rise in health-conscious customers and increased obesity cases have benefited the Lecithin and phospholipids market.
Global Lecithin and phospholipids Market: Market Dynamics
Market Drivers: Rising Demand for Natural food Additive and Surge in a Consumer Cognizance about the Clean-Label Products.
Consumers are aware of the side effect of the consumption of chemical ingredients and availability of the organic or natural ingredients in the market, accelerating the demand for the natural fruit and vegetable additive. Now day’s, consumers have been looking for additive-free and natural products, and it has become a permeant part of their lifestyle.
In developed economies such as U.S. and E.U. countries, ingredient labelling has become mandatory. Consumers have been looking for natural organic ingredients that have lesser calories.
Manufacturers have launched various products with natural ingredients that can provide benefits to drive consumption, accelerating the demand for a natural food additives.
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Market Opportunity: Changing Consumer Lifestyle and Emerging Market
Consumers have been looking for low-fat products; therefore, their demand is rapidly increasing. Many companies have been offering lecithin which acts as a low-fat dressing, capturing the attention of those who aim to produce low-fat food goods.
The demand for low-fat products may be fuelled by the rise in processed food production and innovation in various segments. However, the need for usage of lecithin has been continually growing in early-adopting nations such as Japan, Australia and Other Asia Pacific Countries.
The Key Market Segmentation of the Global Lecithin and phospholipids Market:
This Research Report Categorized The Global Lecithin and phospholipids market Based on Source, Type, Nature, Application, and Geographical Landscape.
By Source:
- Soy
- Sunflower
- Rapeseed
- Egg
- Others
By Type:
- Fluid
- De-oiled
- Modified
By Nature:
- GMO
- Non-GMO
By Application:
- Feed
- Food
- Industrial
- Healthcare
By Geographical Landscape:
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Major Key Players in the Global Lecithin and phospholipids market Are:
- Cargill,
- ADM,
- DuPont,
- IMCD Group B.V.,
- American Lecithin Company,
- Fismer Lecithin,
- Lipoid GmbH,
- VAV Life Sciences Pvt. Ltd.,
- Sime Darby Oils,
- Lecital,
- Lasenor Emul, S.L.,
- Sun Nutrafoods,
- Sodrugestvo Group,
- Kewpie Corporation,
- Bunge Limited,
- STERN-WYWIOL GRUPPE,
- Wilmar International Ltd.,
- Sonic Biochem,
- Avril Group,
- Lecilite Ingredients Pvt. Ltd.,
The Covid-19 Impact Analysis:
The Covid-19 pandemic significantly impacted the food and beverage industry. The forced lockdown and social distancing imposed by the government have resulted in short supply and even cancellations, which has disrupted the supply chains of local and domestic market players.. The pandemic resulted in the reduction of the manufacturing and supply of ingredients for the food and beverage industry.
The pandemic has substantially changed consumers’ food choices and compelled them to include many healthy and nutritious food items. Consequently, in the coming years, customers’ demand for non-GMO products derived from natural sources is anticipated to receive a higher level of importance.
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