Lecithin Market Size Worth $2.1 Billion By 2030: IndustryARC
Apr 04, 2024
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The Global Lecithin Market size is predicted to reach $2.1 billion by 2030, growing at a CAGR of 6.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The growing demand for natural and clean-label ingredients, the rise of non-GMO and allergen-free lecithin, and the expansion of the food processing and convenience food industries are fueling the growth of the Lecithin Market during the forecast period, finds IndustryARC in its recent report, titled “Lecithin Market Size, Share & Trends Analysis Report- By Source (Soy, Sunflower, Rapeseed, Corn and Others), By Modification (GM and Non-GM), By Application (Food, Nutrition & Supplements, Cosmetics, Pharmaceutical, Animal Feed, Other Industrial & Technical Uses), By Soy Lecithin Application (Food, Paints & Coatings, Rubber, Printing Inks, Animal Feed, Pharmaceutical, Nutritional Supplements, Adhesives and Others), By Sunflower Lecithin Application (Food, Paints & Coatings, Printing Inks, Animal Feed, Pharmaceutical, Nutritional Supplements, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030’’
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Europe to Hold Largest Share:
During the forecast period of 2024-2030, Europe is expected to hold the largest market share in the global Lecithin market. The food & beverage sector in Europe has seen significant growth over the years, resulting from an increase in government budgets, investment inflows and food consumption. There is a high demand to use natural ingredients instead of synthetic ingredients in the food as well as cosmetics industry in the region. This is fueling the growth of the European lecithin industry.
Lecithin Market2024-2030: Scope of the Report
Report Metric | Details |
Base Year Considered | 2023 |
Forecast Period | 2024–2030 |
CAGR | 6.6% |
Market Size in 2030 | $2.1 billion |
Segments Covered | Source, Modification, Application and Region |
Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) |
Key Market Players |
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Lecithin Market Report – Key Takeaways:
- Soy Segment to Hold the Largest Market Share
As per the Lecithin Market forecast, the soy segment is estimated hold the largest market share in 2023, in terms of source. Due to increasing concerns about leading a healthy lifestyle, there is an increased need for nutrient-rich meals, beverages, and supplements. It is anticipated that this need will eventually lead companies to use products like soybean lecithin, which is both inexpensive and nutrient-rich.
- Nutrition & Supplements Segment to Register Fastest Growth
As per the Lecithin Market analysis, the powder Lecithin segment is projected to exhibit the fastest growth growing at a CAGR of 7.7% during the forecast period in terms of application. According to the WHO, chronic diseases kill 41 million people each year, equivalent to 71% of all deaths globally. Cardiovascular diseases account for most chronic disease deaths, or 17.9 million people annually, followed by cancers (9.3 million), respiratory diseases (4.1 million), and diabetes (1.5 million). The most well-known benefit of lecithin is its ability to lower cholesterol. Soy lecithin can improve cardiovascular health.
- Growing Awareness about Medicinal Benefits of Mushrooms to Boost the Market Size
Consumers are increasingly recognizing the immune-boosting, stress-reducing, and overall wellness-enhancing properties of mushrooms like Reishi and Chaga. This heightened awareness has piqued interest in mushroom-infused beverages, driving demand and shaping the market's growth trajectory as health-conscious individuals seek natural and functional alternatives to traditional coffee.
- Fluctuating Raw Material to Hamper Market Growth
The pandemic reduced consumption and demand for sunflower seeds, increasing prices and hitting the major seed-producing countries. Ukraine and Russia are the world’s largest producers of sunflower seeds. The war has led to port closures and the suspension of oilseed crushing operations in Ukraine. Production is expected to be cut by a third. Due to the ongoing Russia-Ukraine war sunflower oil and sunflower seed prices have shot 20% up, as per Eximpedia. These price fluctuations can pose substantial challenges for the Lecithin industry.
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Key Opportunity Analysis:
Functional Feed Additives in Animal Nutrition
Lecithin's role as a feed additive in animal nutrition presents significant opportunities in the agriculture and animal nutrition sectors. Particularly, soy lecithin emerges as an excellent source of dietary phospholipids. In animal feed, lecithin contributes to enhanced skin quality, improved feed utilization, accelerated growth rates, and the development of lustrous coats, while also serving as a valuable source of choline. Addressing the increasing demand for food production, the Food and Agricultural Organization (FAO) forecasts a 60% surge in food needs by 2050, with a nearly quadruple rise in the output of meats, dairy products, and fish
Functional Food and Beverages
In the evolving landscape of the food and beverage industry, the demand for functional food stands out as a burgeoning trend, presenting a notable niche within the Lecithin Market. According to Fismer Lecithin, lecithin can play an important role in the formulation of functional food, because they have many positive effects on the human metabolism. Phosphatidylcholine, for instance, is able to lower the cholesterol and LDL levels in the body and increase the HDL level. Furthermore, the substance can strengthen the liver and thus prevent liver damage. By improving metabolic processes in the human organism, phosphatidylcholine contributes to a positive general feeling of well-being. The incorporation of lecithin into functional food and beverage products present an opportunity for consumers seeking products that offer health and wellness benefits.
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The Report also Covers the Following Areas:
- Lecithin Market Size and Forecast
- Lecithin Market Trends
- Lecithin Market Analysis by Source
Lecithin Market2024-2030: Key Highlights
- CAGR of the market during the forecast period 2024-2030
- Value Chain analysis of key stake holders
- Detailed analysis of market drivers and opportunities during the forecast period
- Lecithin Market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Lecithin Market
Covid and Ukrainian Crisis Impact:
The COVID-19 pandemic drove up sales of supplements due to increased focus on health. According to the Consumer Healthcare Products Association (CHPA), the pandemic accelerated self-care in general and led to the largest spike in supplement sales in two decades which also benefitted the Lecithin market.
The Russia-Ukraine war has profound implications for the lecithin market. Russia and Ukraine are major sunflower exporters which resulted in This uncertainty has also contributed to fluctuations in product prices, impacting Lecithin producers and traders amid a complex geopolitical situation.
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List of Key Market Players in Lecithin Market:
The key companies profiled in the Lecithin Market Report are listed below:
- Archer Daniels Midland Company
- Cargill, Inc.
- DuPont de Nemours, Inc.
- Wilmar International Ltd.
- Bunge Limited
- VAV Life Sciences Pvt Ltd
- Lipoid GmbH
- American Lecithin Company
- Fismer Lecithin
- Sternchemie GmbH & Co. KG
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Contact Information:
Mr. Venkat ReddyIndustryARC
Email: sales@industryarc.com
USA: (+1) 518 282 4727
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