Overview and Scope
The lecithin and phospholipids refer to the complex combination of phospholipids that are used as a versatile food additive that primarily serves as an emulsifier and dispersant.
Sizing and Forecast
The lecithin and phospholipids market size has grown strongly in recent years. It will grow from $1.66 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to food and beverage industry growth, pharmaceutical applications, cosmetics and personal care products, animal feed additives, health supplements..
The lecithin and phospholipids market size is expected to see strong growth in the next few years. It will grow to $2.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to consumer preferences and awareness, environmental concerns and sustainability, biodiesel production, industrial applications expansion, animal nutrition demand.. Major trends in the forecast period include regulatory compliance and quality assurance, customized industrial applications, expanded applications in cosmetics, green and sustainable practices, enhanced emulsification and stabilization..
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Segmentation & Regional Insights
The lecithin and phospholipids market covered in this report is segmented –
1) By Type: Fluid, De-oiled, Modified
2) By Source: Soy, Sunflower, Rapeseed, Egg, Other Sources
3) By Nature: GMO, Non-GMO
4) By Application: Feed, Food, Baked Goods, Confectionary Products, Convenience Food, Nutritional Supplements, Industrial, Cosmetics, Pharmaceuticals, Other Applications
Asia-Pacific was the largest region in the lecithin and phospholipids market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lecithin and phospholipids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing application within the bakery products, confectionery products, and food industry is expected to propel the growth of the lecithin and phospholipids market going forward. The use of lecithin and phospholipids in bakery, confectionery products, and the food business use to improve the quality of biscuits, wafers, and other bakery goods, along with the extensibility of gluten. It improves the elasticity and consistency of baking dough and make it easier to handle allowing less nutritious fats to be substituted without changing the texture of the food. For an instance, in July 2021, the according to the data published by LASENOR, an India-based, global, and innovative brand engaged in the manufacturing of food emulsifiers and lecithin, the lecithin employed in foodstuff for the food industry, recorded 54k tons of production in 2020, which increased to 98k tons in 2021. Therefore, the increasing application within the bakery products, confectionery products, and food industry is driving the growth of the lecithin and phospholipids market.
Key Industry Players
Major companies operating in the lecithin and phospholipids market report are Cargill Incorporated, The Archer-Daniels-Midland Company, DuPont de Nemours Inc., IMCD Group B.V., Bunge Limited, Stern-Wywiol Gruppe GmbH & Co. KG, Wilmar International Limited, Sonic Biochem Extraction Pvt. Ltd., American Lecithin Co., VAV Life Sciences Pvt. Ltd., Kewpie Corporation, Lipoid GmbH, Lecital, Lasenor Emul S.L, Sun Nutrafoods, Lecilite Ingredients Pvt. Ltd., Avril Group, Sodrugestvo Group S.A., Fismer Lecithin, Global River Food Ingredients, Haneil Soyatech Pvt. Ltd., NOW Foods, Thew Arnott & Co. Ltd., GIIAVA Pvt. Ltd., AKK Soya Internationa, Imcopo Food Ingredients B.V., Sime Darby Oils, Sternchemie GmbH & Co. KG, Ruchi Soya Industries Limited, Solgar Inc.
The lecithin and phospholipids market report table of contents includes:
1. Executive Summary
2. Lecithin And Phospholipids Market Characteristics
3. Lecithin And Phospholipids Market Trends And Strategies
4. Lecithin And Phospholipids Market – Macro Economic Scenario
5. Global Lecithin And Phospholipids Market Size and Growth
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31. Global Lecithin And Phospholipids Market Competitive Benchmarking
32. Global Lecithin And Phospholipids Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Lecithin And Phospholipids Market
34. Lecithin And Phospholipids Market Future Outlook and Potential Analysis
35. Appendix
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