How Has The Lecithin And Phospholipids Market Size Evolved In Recent Years?
The lecithin and phospholipids market has seen considerable growth due to a variety of factors.
• The market for lecithin and phospholipids has seen substantial expansion in the past few years. There will be an increase from $1.8 billion in 2024 to $1.96 billion in 2025, translating to a compound annual growth rate (CAGR) of 8.7%. The previous growth can be attributed to factors such as growth in the food and beverage industry, applications in pharmaceuticals, the use in cosmetics and personal care products, the addition in animal feed, and health supplements.
What are the Market Size and Expected Growth Rates for the Lecithin And Phospholipids Market in the Coming Years?
The Lecithin And Phospholipids market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a solid expansion is anticipated in the lecithin and phospholipids market, with a projected worth of $2.83 billion in 2029 and a compound annual growth rate (CAGR) of 9.7%.
This anticipated growth in the projected period can be ascribed to elements such as patron preferences and consciousness, ecological issues and sustainability, increased production of biodiesel, growth in industrial applications, and heightened demand for animal nutrition. Key trends to look out for in the forecast period include complying with regulations and quality assurance, customizing industrial applications, widening the scope of applications in cosmetics, adopting green and sustainable procedures, and improved methods of emulsification and stabilization.
Which Key Drivers Are Propelling The Lecithin And Phospholipids Market's Growth?
Elevated use in bakery and confectionery items, as well as in the food sector, is likely to accelerate the lecithin and phospholipids market's progression. These ingredients are employed in bakery and confectionery products and the food industry to enhance the quality of biscuits, wafers, and other baked goods, and extend gluten's extensibility. They enhance the baking dough's elasticity and uniformity, and make it easier to handle, allowing less nutritious fats to be replaced without altering the food's texture. For example, in February 2024, Délifrance UK, a bakery product supplier in the UK, released data predicting a 15% increase in the UK's £7.8 ($8.51) billion bread market, to reach a worth of £9 billion by 2026. A study by Délifrance involving 1,000 UK adults who frequently consume bread disclosed that a third of the participants eat bread daily. Thus, the rising utilization in bakery and confectionery items, and the food sector, is fuelling the lecithin and phospholipids market's expansion.
What Are The Key Segments Within The Global Lecithin And Phospholipids Market?
The 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
Subsegments:
1) By Fluid: Liquid Lecithin, Food-Grade Fluid Lecithin
2) By De-Oiled: De-Oiled Lecithin Powder, De-Oiled Lecithin Granules
3) By Modified: Hydrolyzed Lecithin, Enzymatically Modified Lecithin, Phosphatidylcholine (PC)-Rich Lecithin
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How Are New Trends Impacting The Size Of The Lecithin And Phospholipids Market?
A significant trend gaining traction in the lecithin and phospholipids market is the creation of strategies to generate these substances from sustainable sources. To remain competitive, prominent firms in the lecithin and phospholipids industry are concentrating on creating novel ways to produce these materials from eco-friendly sources. For example, Louis Dreyfus Company, a Netherlands-based food and beverage producer, launched a new plant for soy liquid lecithin in April 2022. This plant is primarily concerned with producing soy lecithin through soybean processing and lecithin refining procedures, supplemented by a line for food-grade packaging and a canola oil distribution facility. On a daily basis, this plant has the capacity to handle 175,000 bushels of soybeans.
Who Are the Key Players In The Lecithin And Phospholipids Market?
Major companies operating in the lecithin and phospholipids market include:
• 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.
What Are The Regional Insights Into The Lecithin And Phospholipids Market?
Asia-Pacific was the largest region in the lecithin and phospholipids market share in 2024. 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.
