Lecithin Market (Source - Soybean, Egg, and Others; Application - Food and Beverage, Nutrition and Supplements, Pharmaceuticals, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the global lecithin market provides an in-depth analysis of segments and sub-segments in the global as well as regional global lecithin market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional global lecithin market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global lecithin market. According to the report, the global lecithin market is projected to grow at a CAGR of over 6% during the forecast period of 2022-2028.

Market Insight

The global lecithin market was valued at nearly USD 1100 Million in 2022 and is expected to reach about USD 1500 Million in 2028, with a CAGR of over 6% during the forecast period. Lecithin is a class of phospholipids that are obtained from naturally occurring substances, primarily from edible oils and eggs, and which are primarily used in the food industry as an emulsifying agent. Lecithin is also used as a dietary supplement esp. for cardiovascular diseases, and as an anti-aging agent. Due to its various medical benefits, lecithin can be consumed as a medicine, and can also be used in medicine manufacturing. Lecithin improves liver and cell functioning, fat transport and metabolism, healthy reproduction and child development, and offers better treatment for gallstone, thereby finding its place in various new product launches. The presence of large areas of land for oilseed cultivation is expected to further boost the market growth. The growing number of small-scale food manufacturers is expected to drive the demand for the lecithin market in application segments such as convenience foods, bakery, and confectionery.

The COVID-19 pandemic has had an effect on manufacturing and demand in several regions. Furthermore, it severely impacted various small to medium-sized businesses, significantly disrupting demand for the lecithin market. The global economic condition COVID19 has affected the lecithin market significantly. This can be because of the actual fact that there have been the closures of several manufacturing units of the lecithin manufacturer within the half-moon of fiscal 2021. The govt. regulations regarding transport bans have resulted in short-term disruptions within the transport of ultimate products to the market. This affected the expansion of the market during the covid-19 pandemic within the forecast period.

The global lecithin market is driven by the factors such as growing demand for convenience food, rising awareness about the usability of lecithin in multiple industry applications, growing health awareness, and preference for natural sources of ingredients. However, incidences of allergy to soy lecithin and health hazards associated with hexane which is used for extraction of lecithin are likely to act as primary restraining factors affecting the global lecithin market over the forecast period. The rising incidences of lifestyle-based health issues, such as cardiovascular diseases, obesity, osteoporosis, and diabetes, have fuelled consumers’ need for food ingredients like lecithin. The major factor affecting the market includes the increase in demand for the ingredients of food which is derived from various natural sources would boost the industry. The surge in product launches according to the market demand is expected to propel the industry's growth

Based on the region, the worldwide lecithin market is segmented into the Asia Pacific, North America, Europe, and the Middle East & Africa. North America is anticipated to witness the biggest market share over the forecast period. Favorable regulations within the US have driven the demand for the lecithin market during the forecast period. The growth in the North American region is primarily driven by growing preferences for natural ingredients and rising application industries such as pharmaceuticals and cosmetics in North America. Asia Pacific region is expected to dominate the growth of the market during the forecast period. The rising presence of major market players is expected to propel the growth of the region.

Segment Covered

The report on the global lecithin market covers segments such as source, and application. On the basis of source, the sub-markets include soybean, egg, and others. On the basis of application, the sub-markets include food and beverage, nutrition and supplements, pharmaceuticals, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, Archer Daniels Midland Company, Lipoid Gmbh, E. I. Du Pont De Nemours and Company, Stern-wywiol Gruppe Gmbh & Co. Kg, Ruchi Soya Industries Limited, Avanti Polar Lipids Incorporated, Lasenor Emul S.L, and Lecico Gmbh.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the global lecithin market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.