Lecithin Market Research Report Analysis

Food & Beverage / Lecithin Market / By /

Global Lecithin Market

The GMI Research forecasts that the Lecithin Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing application in convenience food and confectionery products and the growing demand for food and beverages with high nutritional value.

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Introduction of the Lecithin Market

Lecithin is any group of yellow-brownish fatty substances occurring in animal and plant tissues which are amphiphilic, i.e., they attract both water and fatty substances and are used for smoothing food textures, emulsifying, homogenizing liquid mixtures, and repelling sticking materials.

Key Players of the Global Lecithin Market:

      • NOW Foods
      • Global River Food Ingredients
      • DuPont
      • Bunge Loders Croklaan
      • ADM
      • AKK Soya International
      • Praan Naturals
      • American Lecithin Company
      • Lipoid GmbH
      • Cargill Incorporated

Lecithin Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The easy accessibility of raw materials accompanied by their surging demand across several industries accounts for the crucial drivers stimulating the growth of the lecithin market. Also, the incorporation of phospholipids along with other essential nutrients derived from oilseeds such as soy, sunflower, and rapeseed boost their demand. Moreover, the surge in demand, primarily in Germany, is led by their rising usage of confectionery and convenience food products. The increasing awareness about a healthy lifestyle, along with the escalating demand for highly nourishing food & beverages, is promoting market growth. Additionally, the remarkable feature, which includes the ease of mixing, is further contributing to the market growth. The widespread emergence of the COVID-19 pandemic has negatively impacted market growth. Nevertheless, the favorable strategic initiatives by regulatory bodies are supporting the market to recover. For instance, the Food and Drug Administration (FDA) launched labeling standards under the coronavirus pandemic, especially on ingredients which include soy lecithin. The FDA absolved soy lecithin from the allergen list.

Source Segment Drivers

Based on the source, the sunflower is projected to witness a faster CAGR during the forecast period. The growing inclination towards sunflower as an alternative for soy-based products is driving the market growth. There has been an extension in the product’s demand, particularly in Russia, Hungary, France, and Ukraine.

Application Segment Drivers

Based on the application, convenience foods are contemplated to experience a robust demand in the near future. This is because of the aggravating implementation of lecithin for the production of different confectionery products like caramels, fudge, brittles, and chocolates. Moreover, the enlarging sugar-free confectionery sector is propelling the market growth. On the other hand, pharmaceutical & personal care is forecasted to account for the largest market share due to the mounting application of high-quality lecithin extracted from the processing of standard derivatives for the drug formulations. Furthermore, the escalating importance of emulsion-based pharmaceuticals products is supplementing the market share.

Regional Drivers

Based on the regional coverage, Asia-Pacific is predicted to expand at a higher CAGR during the forecast period. This is attributed to the growing demand for organic ingredients, largely due to its expanding use in bakery & confectionery, meat, and dairy products. Moreover, the wide range of food outlets and foodservice joints further bolstered the market demand, majorly in the Chinese food and beverage sector.

Lecithin Market Segmentation:

Segmentation by Source
      • Soy
      • Sunflower
      • Rapeseed
      • Others
Segmentation by Application
      • Convenience Foods
      • Bakery
      • Confectionery
      • Pharmaceuticals & Personal Care
      • Animal Feed
      • Industrial
      • Others
Segmentation by Region:
      • North America
        • United States of America
        • Canada
      • Asia Pacific
        • China
        • Japan
        • India
        • Rest of APAC
      • Europe
        • United Kingdom
        • Germany
        • France
        • Spain
        • Rest of Europe
      • RoW
        • Brazil
        • South Africa
        • Saudi Arabia
        • UAE
        • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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