Lecithin Market Share, Size , Growth Opportunities, Global Competition Strategies, Statistics, Industry Trends, Revenue Analysis, Key Players, Regional Analysis by Forecast to 2027
Lecithin is a substance or a mixture of phosphatides
which is predominantly made up of phosphatidyl ethanolamine, phosphatidyl
serine, phosphatidylcholine, and phosphatidyl inositol coupled with numerous
other substances such as carbohydrates and fatty acids. It also comprises of
nitrogenous and phosphorous compounds. These are generally found in vegetables,
soya bean, egg yolk, and a naturally occurring emulsifier. They are non-toxic
in nature and hence can be utilized in food, nutrition & supplements, animal
feed, and pharmaceuticals & personal care as aerating agents, lubricants,
emulsifiers, and viscosity modifiers.
Some of the prominent factors that positively
influence the growth of the lecithin market are increasing agricultural
activities in emerging economies, rising consumer spending on personal care
products, and growing consumption of convenience foods. Furthermore, rising
consumer awareness along with increasing health concerns has raised the demand
for phospholipids, which in turn has raised the consumption of lecithin based
medical products, which is further predicted to drive the growth of the market.
Increasing sports and physical activities along with growing number of gym and
fitness clubs has propelled the demand for nutrition & supplement, which in
turn is predicted to fuel the growth of the market over the forecast period.
Moreover, rising population along with increasing production of high-quality
crops has resulted in the production of lecithin which is estimated to propel
the growth of the market. However, fluctuating price of lecithin in the global
market is predicted to hinder the growth of the market.
Regional Analysis:
Europe is estimated to be the largest market for
lecithin followed by North America and Asia Pacific due to rising demand from
numerous end-use industries such as cosmetics, pharmaceutical & personal
care, and agriculture among others. Asia Pacific lecithin market is estimated
to witness a strong growth owing to the continuous growth of various end-use
applications. In Asia Pacific, some of the prominent factors which contribute
to the regional market growth are increasing economic growth rate, competitive
manufacturing costs, and ease of availability of raw material. North America is
estimated to witness a steady growth over the forecast period on account of
increasing demand from the nutrition & supplements application. Developing
countries of Latin America and the Middle East and Africa is predicted to
witness moderate growth due to increasing end use application.
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Competitive analysis:
The major players operating in the lecithin market are
Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), American
Lecithin Company (U.S.), Lipoid GmbH (Germany), DuPont (U.S.), Bunge Limited
(U.S.), Stern-Wywiol Gruppe GmbH & Co. Kg (Germany), Avanti Lipids Polar,
Inc. (U.S.), Lasenor Emul S.L. (Spain), Lecico GmbH (Germany), Vav Life
Sciences Private Limited (India) among others.
Market Segmentation:
The global lecithin market is segmented on the basis
of source, application, and region. On the basis of source, the market is
categorized into sunflower, soya bean, egg, and others. Others source include
rice and maize. Among these, soya bean accounted for the largest market share
in 2016 and holds for around 45% market share due to the wide utilization of
these in the production of lecithin. Moreover, increasing demand for sunflower,
rice, egg yolks, and various food used to manufacture lecithin is anticipated
to enhance the demand for pharmaceutical further which is likely to propel the
growth on the market. On the basis of application, lecithin market is further
segmented into pharmaceuticals & personal care, food, animal feed,
nutrition & supplements, and others. Pharmaceuticals & personal care
segment is estimated to grow with the healthy CAGR due to increasing awareness
regarding the lecithin along with the wide use of personal care products in the
developing countries.
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