Global Lecithin And Phospholipids market analysis 2024, Forecast To 2033
4 Mar, 2024
The lecithin and phospholipids market has exhibited robust growth, escalating from$1.66 billion in 2023 to$1.8 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.7%. This growth is primarily attributed to the expansion of the food and beverage industry, utilization in pharmaceutical applications, integration into cosmetics and personal care products, addition to animal feed additives, and increased demand for health supplements. Forecasts indicate continued strong growth, with the market projected to reach$2.58 billion by 2028, boasting a compound annual growth rate (CAGR) of 9.4%. Factors contributing to this growth include evolving consumer preferences and awareness, environmental sustainability concerns, biodiesel production, expansion of industrial applications, and rising demand in animal nutrition. Major trends in the forecast period encompass regulatory compliance, customized industrial applications, expanded usage in cosmetics, green practices, and enhanced emulsification and stabilization.
Global Lecithin And Phospholipids Market Key Driver
The increasing application within the bakery products, confectionery products, and food industry is expected to propel the growth of the lecithin and phospholipids market going forward. The use of lecithin and phospholipids in bakery, confectionery products, and the food business use to improve the quality of biscuits, wafers, and other bakery goods, along with the extensibility of gluten. It improves the elasticity and consistency of baking dough and make it easier to handle allowing less nutritious fats to be substituted without changing the texture of the food. For an instance, in July 2021, the according to the data published by LASENOR, an India-based, global, and innovative brand engaged in the manufacturing of food emulsifiers and lecithin, the lecithin employed in foodstuff for the food industry, recorded 54k tons of production in 2020, which increased to 98k tons in 2021. Therefore, the increasing application within the bakery products, confectionery products, and food industry is driving the growth of the lecithin and phospholipids market. By 2023, the lecithin and phospholipids market witnessed significant growth, reaching $X billion, and is anticipated to surge to $Y billion by 2028.
Get A Free Sample Of The Global Lecithin And Phospholipids Market ReportGlobal Lecithin And Phospholipids Market Segments
The global lecithin and phospholipids market covered in this report is segmented –
1) By Type: Fluid, De-oiled, Modified
2) By Source: Soy, Sunflower, Rapeseed, Egg, Other Sources
3) By Nature: GMO, Non-GMO
4) By Application: Feed, Food, Baked Goods, Confectionary Products, Convenience Food, Nutritional Supplements, Industrial, Cosmetics, Pharmaceuticals, Other Applications
By Geography: The regions covered in the lecithin and phospholipids market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Lecithin And Phospholipids Industry Players
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.
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Lecithin And Phospholipids Market Overview
The lecithin and phospholipids refer to the complex combination of phospholipids that are used as a versatile food additive that primarily serves as an emulsifier and dispersant.
Lecithin And Phospholipids Global Market Report 2023 provides data on the global lecithin and phospholipids market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The lecithin and phospholipids market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.