Lecithin Market Size, Share, Growth & Industry Trends [2031]
Lecithin Market Size, Share, Growth & Industry Trends [2031]
Segments - Lecithin Market by Applications (Food & Beverage, Pharmaceuticals, Feed, Nutrition & Supplements, and Others), Sources (Egg, Soy, Sunflower, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-2720
| 4.5 Rating
| 63 Reviews
| 194 Pages
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Report Description
The global lecithin market size was USD 589.66 Million in 2022 and is likely to reach USD 1.14 Billion by 2031, expanding at a CAGR of 7.7% during 2023–2031. The growth of the market is attributed to growing prevalence of lifestyle-related health conditions such as cardiovascular disease, obesity, osteoporosis, and diabetes has increased consumer demand for dietary components such as lecithin.
Lecithin is a naturally occurring lipid that is required for the proper functioning of the body's cells. A variety of foods, including egg yolks, sunflower seeds, and soybeans are high in this nutrient. Lecithin is a chemical that has found applications in drug research and is widely utilized in pharmaceutical manufacturing.
Lecithin is used to treat a variety of medical conditions, including Alzheimer’s and dementia. Eczema, liver illness, gallbladder disease, excessive cholesterol, depression, and anxiety are also treated with it. Lecithin is also used as a food additive to avoid component separation. It can also be used as a lubricant or emulsifier in the preparation of processed meats and ready-to-eat meals.
The COVID-19 pandemic affected the demand and supply of global lecithin market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Lecithin Market Trends, Drivers, Restraints, and Opportunities
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Increasing use as an additive in many foods products is anticipated to fuel the market during the forecast period.
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Rising demand for ready-to-eat foods is expected to propel the market.
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Growing demand of healthy food is estimated to fuel the market in the coming years.
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Increasing consumption of lecithin as a medicine leads to increasing demand in medical industries which is anticipated to boost the market.
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Rapid growth of the food and beverage’s industry is major factors driving the market in the coming years.
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Gaining acceptance in the cosmetics sector is expected to create immense opportunities for the market players.
Scope of Lecithin Market Report
The report on the global lecithin market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Lecithin Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Applications (Food & Beverage, Pharmaceuticals, Feed, Nutrition & Supplements, and Others), Sources (Egg, Soy, Sunflower, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Lipoid GmbH; DuPont de Nemours, Inc.; Wilmar International; Cargill Inc.; Archer Daniels Midland Company |
Lecithin Market Segment Insights
The nutrition & supplements segment is projected to account for a major market share
Based on applications, the global lecithin market growth is divided into food & beverage, pharmaceuticals, feed, nutrition & supplements, and other segments. The nutrition & supplements segment is expected to represent a key share of the market during the forecast period owing to major change in healthcare from therapeutic procedures to prevention management, making it a key development factor for the industry under consideration.
The soy segment is expected to grow at a rapid pace
On the basis of sources, the global lecithin industry is segmented into egg, soy, sunflower, and others. The soy segment is expected to hold a key share of the market in the coming years owing to wide availability of lecithin and strong demand for soy-based lecithin is the rising middle-class population.
North America is anticipated to dominate the market
On the basis of regions, the global lecithin market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to rising prevalence of health and diet-related issues. Moreover, growing knowledge of chronic illnesses, along with rising levels of disposable cash, has motivated initiatives to adopt a healthier lifestyle.
Segments
The global lecithin market share has been segmented on the basis of
Applications
- Food & Beverage
- Pharmaceuticals
- Feed
- Nutrition & Supplements
- Others
Sources
- Egg
- Soy
- Sunflower
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Lipoid GmbH
- DuPont de Nemours, Inc.
- Wilmar International
- Cargill Inc.
- Archer Daniels Midland Company
Competitive Landscape
Key players competing in the global lecithin market include Lipoid GmbH; DuPont de Nemours, Inc; Wilmar International; Cargill Inc.; Archer Daniels Midland Company.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Lecithin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lecithin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lecithin Market - Supply Chain
4.5. Global Lecithin Market Forecast
4.5.1. Lecithin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lecithin Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Lecithin Market Absolute $ Opportunity
5. Global Lecithin Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Lecithin Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Lecithin Demand Share Forecast, 2019-2026
6. North America Lecithin Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Lecithin Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Lecithin Demand Share Forecast, 2019-2026
7. Latin America Lecithin Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Lecithin Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Lecithin Demand Share Forecast, 2019-2026
8. Europe Lecithin Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Lecithin Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Lecithin Demand Share Forecast, 2019-2026
9. Asia Pacific Lecithin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Lecithin Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Lecithin Demand Share Forecast, 2019-2026
10. Middle East & Africa Lecithin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Lecithin Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Lecithin Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Lecithin Market: Market Share Analysis
11.2. Lecithin Distributors and Customers
11.3. Lecithin Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Lipoid GmbH
11.4.2. DuPont de Nemours, Inc.
11.4.3. Wilmar International
11.4.4. Cargill Inc.
11.4.5. Archer Daniels Midland Company
Methodology
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