Lecithin Market Share, Size, Trends, Industry Analysis Report, By Form (Granules, Liquid, Powder); By Source; By End-Use; By Region; Segment Forecast, 2024 - 2032
- Published Date:Feb-2024
- Pages: 119
- Format: PDF
- Report ID: PM1379
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global Lecithin market was valued at USD 638.37 million in 2023 and is expected to grow at a CAGR of 7.8% during the forecast period.
The expansion is primarily fueled by the growing utilization of this substance in baked goods, ready-to-eat meals, confectioneries, pasta, and instant foods, owing to its characteristics as an emulsifier, viscosity reduction agent, and wetting agent.
Lecithin producers compete based on competitive pricing, given the presence of price-sensitive consumers. Manufacturers focus on process innovation and sourcing low-cost raw materials to establish a competitive advantage. Moreover, the swift expansion of end-use sectors like food, beverage, feed, and pharmaceuticals, coupled with increased lecithin production, helps bridge the supply-demand gap, and moderate price hikes are anticipated in the forecast period.
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Phospholipids, integral components of cell membranes, regulate cellular activities such as protein production and cell migration throughout the body. Particularly, lecithin, a prominent phospholipid, finds widespread application as an emulsifier in the food and beverage, dietary supplements, and cosmetic industries. Additionally, it is increasingly adopted as a natural antioxidant to manage lipid oxidation.
The Lecithin Market report details key market dynamics to help industry players align their business strategies with current and future trends. It examines technological advances and breakthroughs in the industry and their impact on the market presence. Furthermore, a detailed regional analysis of the industry at the local, national, and global levels has been provided.
In the pharmaceutical sector, lecithin sourced from plants is predominantly utilized. Its applications extend beyond liquid and solid dosage forms to include liposomal applications in various pharmaceutical contexts. Acting as a revitalizing emulsifier, dispersant, agent, wetting agent (for both powder and tablet formulations), and mold release agent, lecithin proves versatile. It contributes to facilitating skin penetration, slowing fat crystallization, enhancing bioavailability, and safeguarding ingredients in pharmaceutical formulations.
Industry Dynamics
- Growth Drivers
- The preference is influenced by organic lecithin.
Lecithin is naturally present in various foods and is recognized for its significance in supporting the liver, nerves, and brain, as indicated by studies. Serving as a food emulsifier, eye drop, and skin moisturizer, lecithin provides multifaceted benefits. The inclusion of these vitamins in one's diet can contribute to improved mood and overall health. Anticipated to be a prominent player in the current and future markets, lecithin is on the rise.
Individuals embracing a healthy lifestyle are more likely to incorporate dietary supplements into their routine. The lecithin dietary supplement market is propelled by a focus on preventive healthcare and substantial endorsement agreements for lifestyle-enhancing products. Furthermore, the growing consumer demand for food ingredients from diverse sources is a key driver for the Lecithin market.
Report Segmentation
The market is primarily segmented based on form, source, end-use, and region.
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By Form |
By Source |
By End-Use |
By Region |
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By Form Analysis
- The Liquid segment held the largest revenue share in 2023
This significant market share is a result of a substantial increase in the demand for the liquid form across various end-use industries, including industrial coatings, food processing, cosmetics, and confectioneries. While the liquid form is utilized in numerous food products, either as a natural component or a food additive, it is also consumed as a dietary supplement. In dietary supplements, liquid lecithin often comprises a blend of nositol, choline, phosphatidylcholine, phosphatide, and other compounds rather than being solely phosphatidylcholine. Additionally, the liquid form exhibits an effortless dispersion in oil compared to its other forms.
Lecithin powder finds application as a component in various industries, including feed, food & beverage, cosmetics, and pharmaceuticals. It is commonly used in the production of bakery and confectionery items. In baking, lecithin powder is incorporated into cooking sprays to prevent baked goods from sticking to pans. Its distinctive characteristic lies in its ability to bind with both non-lipids and lipids, effectively keeping ingredients with water and oil combined. This property makes powder form preferable for key manufacturers in the preparation of food products such as butter and candy compared to the liquid form.
By End-Use Analysis
- The Animal Feed segment accounted for the highest market share during the forecast period
This can be attributed to the continuously increasing meat consumption by a significant portion of the global population. Furthermore, the well-established animal husbandry industry has contributed positively to the overall growth of the sector.
Convenience foods streamline the process of preparing meals at home or in a restaurant, saving both time and energy. Lecithin plays a crucial role in convenience food products by aiding in fat binding and suspension, enhancing hydration of high-protein ingredients, reducing the fat cap during the retort process, and promoting the even dispersion of high-fat powders. Additionally, its remarkable attributes, such as improving mouthfeel and texture, are anticipated to contribute to its increasing integration into the convenience food category.
The confectionery sector comprises sugar-rich products like chocolates, ice cream, gums, and caramels. Lecithin's improved surface properties contribute to increased consumption in this segment. Additionally, it plays a role in reducing the moisture content of foods, which is anticipated to sustain its high demand in the confectionery sector throughout the forecast period.
Regional Insights
- Europe dominated the largest market in 2023
This can be attributed to the presence of a substantial number of lecithin producers in the region. Furthermore, the abundance of raw materials and increasing health awareness among consumers in the region are key drivers of the demand.
Asia-Pacific has positioned itself as a pivotal regional market. The expansion in this region is credited to the rising demand from populous countries like India and China, fueled by changing demographic trends and a rapid increase in population. The availability of extensive areas of land for oilseed cultivation is anticipated to provide an additional impetus to market growth. The increasing presence of small-scale food manufacturers is expected to contribute to the demand for lecithin in application segments such as convenience foods, bakery, and confectionery. Furthermore, the swift pace of new product development in these application segments is projected to further drive demand within the food & beverage industry.
Key Market Players & Competitive Insights
The market is characterized by intense competition, with established players relying on advanced technology, high-quality products, and a strong brand image to drive revenue growth. These companies employ various strategies such as research and development, mergers and acquisitions, and technological innovations to expand their product portfolios and maintain a competitive edge in the market.
Some of the major players operating in the global market include:
- ADM
- AKK Soya International
- American Lecithin Company
- Barentz
- Bunge Limited
- Cargill, Inc.
- DuPont de Nemours, Inc.
- GIIAVA
- Global River Food Ingredients
- Haneil Soyatech Pvt. Ltd.
- Imcopo Food Ingredients B.V.
- Lasenor EMUL., S.L.
- LECICO GmbH
- Lipoid GmbH
- NOW Foods
- Orison Chemicals Limited
- Sime Darby Unimills B.V.
- Stern-Wywiol Gruppe GmbH & Co. KG
- Sun Nutrafoods
- Thew Arnott & Co. Ltd.
- Tianjin Hexiyuan Lecithin Technology Co., Ltd.
- Wilmar International Ltd.
- Yugen Chemicals
Recent Developments
- In November 2022, Novastell has launched a range of lecithin granules designed for use in the food and beverage industry. Differentiating from Suncithin G96, derived from sunflower lecithin and also free from GMOs and allergens, Soycithin G97 IP is a traditional soy lecithin that is both non-GMO and fully traceable.
- In November 2021, Lecico has revealed a distribution collaboration with Ciranda for the distribution of lecithin and phospholipids throughout North America. This partnership emphasizes clean-label food trends and provides local commercial and technical support.
Lecithin Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 686.32 million |
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Revenue forecast in 2032 |
USD 1,258.13 million |
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CAGR |
7.8% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments Covered |
By Form, By Source, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
We provide our clients the option to personalize the Lecithin Market report to suit their needs. By customizing the report, you can get data as per your format and definition. Also, the customization option allows you to gain a deeper dive into a specific segment, region, customer, or market competitor.
FAQ's
Lecithin Market Size Worth $ 1,258.13 Million By 2032.
The top market players in Lecithin Market are include ADM, AKK Soya International, American Lecithin Company, Barentz, Bunge Limited.
Europe is region contribute notably towards the Lecithin Market.
The global Lecithin market is expected to grow at a CAGR of 7.8% during the forecast period.
Lecithin Market report covering key segments are form, source, end-use, and region.
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