Pune 25, Nov, 2022: MMR has published a report on Lecithin and Phospholipids Market on 23rd November 2022. As per the “Global Lecithin and Phospholipids report” the total market for Lecithin and Phospholipids was USD 5.20 Mn. in 2021 and is expected to reach USD 8.16 Bn by 2029.
Lecithin & Phospholipids Market Overview
Lecithin and phospholipids have high medicinal and nutritional value, and in some Western European developed nations, they are considered equal to protein and vitamins. Lecithins have different oil and water affinities and low production costs, making them ideal for a wide range of manufacturing processes. Because of its blending properties, lecithin is widely used in the pharmaceutical, cosmetics, and food and beverage sectors.
Report Scope
The Lecithin & Phospholipids report provides a quantitative and qualitative analysis of the total market size, the market size by different segments, market drivers, restraints, trends, and estimations to identify the prevailing opportunities in the Lecithin & Phospholipids market. The ability of buyers and suppliers to make profit-oriented strategic decisions and build their supplier-buyer network is proven by PORTER’s five forces analysis. The study also includes factors that are expected to have a positive or negative impact on the company and will provide decision-makers with a clear future vision of the industry.
The report includes strategic profiling of the market’s top major players, as well as a comprehensive analysis of their core competencies and business strategies such as new product launches, growths, agreements, joint ventures, partnerships, and acquisitions.
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Lecithin & Phospholipids Market Dynamics
The soy segment in the global Lecithin & Phospholipids Market is expected to maintain its dominance over the forecast period. Soy-based lecithin and phospholipids are widely used in a variety of applications, including animal feed, food and beverage, industrial, and healthcare. Because of the ample amount of soy crop and the simple extraction procedure, soy lecithin is more convenient for manufacturers in many industries. Soy lecithin may be found in a wide range of everyday products, including bread, ice cream, baby products, dairy products, and some convenience foods.
The application of lecithin and phospholipids as animal feed is expected to drive market growth. Lecithin and phospholipids are used in the manufacturing of animal feed. The physical and chemical properties of lecithin have attracted animal feed manufacturers. Lecithin enhances the fertility rate of animals, especially fish and shrimp. The correct use of lecithin and phospholipids in animal feed can help increase mammal lactation, poultry egg hatching rate, and seedling breeding rates.
Plant sources such as soy, sunflower, and rapeseed are used by manufacturers of lecithin and phospholipids. These raw materials may be widely available on the market. However, fluctuating raw material prices decrease the manufacturing company’s profit margin. End-user sectors, especially food manufacturers, require high-quality lecithin at reasonable prices.
Lecithin & Phospholipids Market Regional Insights
In North America, the Lecithin and Phospholipids market accounted for the highest revenue share in 2021 due to the strong purchasing power of consumers in this region. The rising incidence of health and diet-related concerns is a major driver of market growth. Because it has the largest food and beverage sectors, the United States is likely to dominate the lecithin market. The increased demand for high-protein food products amongst health-conscious consumers has proactively been involved to offer a wide range of products, resulting in the growth of the Lecithin and Phospholipids Market.
Asia Pacific is expected to be the fastest-growing region in the Lecithin & Phospholipids Market during the projected period. The growing food sector in developing economies, as well as the world’s top two most populous Asian countries, China and India, which includes a wide variety of bakery products, meat, dairy, and convenience meals, is expected to increase demand for lecithin and phospholipids. Furthermore, the growing popularity and adoption of food trends such as veganism and natural plant-based diets among consumers are expected to drive demand for Lecithin and phospholipids in the regional market.
Lecithin & Phospholipids Market Segmentation
By Source
- Soy
- Sunflower
- Rapseed and Canola
- Egg
- Others
By Type
- Fluid lecithin
- De-oiled lecithin
- Modified
By Application
- Feed
- Food and beverages
- Industrial
- Healthcare
Lecithin & Phospholipids Market Key Competitors
- Cargill, Inc.
- ADM
- Lipoid GmbH
- Bunge Limited
- American Lecithin Company
- Global River Food Ingredients
- DuPont de Nemours, Inc.
- Stern-Wywiol Gruppe GmbH & Co. KG
- Haneil Soyatech Pvt. Ltd.
- NOW Foods
- Thew Arnott & Co. Ltd.
- GIIAVA
- AKK Soya International
- Imcopo Food Ingredients B.V.
- Sun Nutrafoods
- Lasenor EMUL., S.L.
- Sime Darby Unimills B.V.
- LECICO GmbH
- Wilmar International Ltd.
- Yugen Chemicals
- Barentz
- Tianjin Hexiyuan Lecithin Technology Co., Ltd.
- Orison Chemicals Limited
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Key questions answered in the Lecithin & Phospholipids Market are:
- What are the Lecithin & Phospholipids?
- What is the growth rate of the Lecithin & Phospholipids Market over the forecast period?
- What is the nature of competition in the Lecithin & Phospholipids industry in developed and developing economies?
- Who are the key players in the Lecithin & Phospholipids Market?
- Who are the market leaders in Lecithin & Phospholipids in the Asia Pacific?
- Who are the market leaders in Lecithin & Phospholipids Market in Japan and China?
- Who are the market leaders in Lecithin & Phospholipids Market in India, China, Japan and South Korea?
- What are the factors affecting growth in the Lecithin & Phospholipids Market?
- Who held the largest market share in Lecithin & Phospholipids Market?
- What are the factors for the growth of the Asia-Pacific region in the Lecithin & Phospholipids Market?
- What are the best investment opportunities in the Lecithin & Phospholipids Market?
Maximize Market Research is leading research firm, has also published the following reports:
Lecithin Market –The Lecithin Market size is expected to reach USD 998.65 million by 2029 at a CAGR of 7.8 percent during the forecast period. the market for lecithin in the dietary supplement business is being driven by the increased focus on the preventive healthcare system, together with strong endorsements and marketing efforts of lifestyle enhancement products.
De-Oiled Lecithin Market–The De-Oiled Lecithin Market size is expected to reach USD 339 Mn by 2029 at a CAGR of 8 percent during the forecast period. Growing demand for food products laced with De-Oiled Lecithin is a significant factor driving the global demand for the De-Oiled Lecithin market during the forecast period.
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