Lecithin and Phospholipids Global Market Report 2024

The global lecithin and phospholipids market 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 expansion witnessed in the historical period can be credited to the advancement of the food and beverage sector, increased utilization in pharmaceuticals, thriving cosmetics and personal care markets, incorporation into animal feed additives, and rising demand for health supplements.

The global lecithin and phospholipids market 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%. During the projected period, the rise can be linked to shifts in consumer preferences and heightened awareness, increased emphasis on environmental issues and sustainability, the expansion of biodiesel production, and the growing demand for industrial applications in animal nutrition. Key trends expected in this period encompass adherence to regulations and quality standards, tailored industrial applications, wider usage in cosmetics, adoption of green and sustainable methods, and improved emulsification and stabilization techniques.

Anticipated growth in the lecithin and phospholipids market stems from their increased utilization in bakery, confectionery, and food industries. These substances enhance the quality of baked goods and facilitate better gluten extensibility. Their incorporation in baking dough improves elasticity and consistency, enabling the substitution of less nutritious fats without altering food texture. For instance, in July 2021, LASENOR, an innovative food emulsifier and lecithin manufacturer based in India, reported a production surge from 54,000 tons in 2020 to 98,000 tons in 2021, attributing this growth to amplified usage within the mentioned sectors.

The expansion of plant-based ingredients is poised to drive the lecithin and phospholipids market. Derived from sources like soybeans, sunflower seeds, rapeseed, peanuts, and rice bran, these alternatives offer a sustainable and healthy substitute for animal-derived counterparts. The Institute of Food Technologists reported in August 2021 that the increasing adoption of plant-based alternatives in the US market, with sales reaching $7 billion in 2021 (a 27% increase from 2019), indicates a growing trend. Projections estimate plant-based dairy sales to hit $5.2 billion by 2024, significantly impacting the lecithin and phospholipids market.

A notable trend in the lecithin and phospholipids market involves the development of methods to produce these substances from renewable sources. Major industry players are directing efforts toward innovative processes using renewable sources to maintain market relevance. For instance, in April 2022, Louis Dreyfus Company inaugurated a soy liquid lecithin plant in the Netherlands, emphasizing soybean processing methods and lecithin refining operations, capable of processing 175,000 bushels of soybeans daily.

Strategic partnerships among major companies are becoming pivotal in consolidating market positions. These collaborations, structured through business agreements, serve to strengthen market presence. In January 2022, Singapore-based SEPPURE and Giiava partnered to advance chemical-resistant membrane technology in plant-based oil production. SEPPURE's extensive portfolio of lecithin and phospholipid products is expected to support Giiava's development of new solutions for food, pharmaceutical, and personal care industries. Giiava, a Singapore-based lecithin manufacturer and exporter, brings expertise in formulation and application to this partnership.

In July 2023, Croda International PLC, a specialized chemicals firm based in the UK, completed the acquisition of Solus Biotech for an undisclosed sum. This strategic acquisition enables Croda to enhance its manufacturing capacities in Asia and establish a fresh biotechnology research and development center in the region. Solus Biotech, situated in Korea, specializes in manufacturing pharmaceutical components like lecithin and phospholipids.

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.

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. The countries covered in the lecithin and phospholipids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The principal varieties of lecithin and phospholipids encompass fluid, de-oiled, and modified forms. Fluid lecithin and phospholipids denote the naturally occurring amalgamation of phospholipids and other lipids, present at moderate levels. Sources include soy, sunflower, rapeseed, egg, among others. These variants are categorized into GMO and non-GMO and find applications across feed, food, baked goods, confectionery, convenience food, nutritional supplements, industrial, cosmetics, pharmaceuticals, and other sectors.

This report provides lecithin and phospholipids market statistics, including lecithin and phospholipids industry global market size, regional shares, competitors with a lecithin and phospholipids market share, detailed lecithin and phospholipids market segments, market trends and opportunities, and any further data you may need to thrive in the lecithin and phospholipids industry. This lecithin and phospholipids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The lecithin and phospholipids market consists of sales of phosphatidyl choline, phosphatidyl ethanolamine, phosphatidyl inositol, phosphatidyl serine, phosphatidyl glycerol, and other lecithin and phospholipids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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