Lecithin Market 2021 Industry Analysis, Future Developments, Key Tactics and Competitive Strategies 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.
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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TABLE OF CONTENTS
- 1 EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Lecithin Market, By Source
1.1.2. Global Lecithin Market, By Applications
1.1.3. Global Lecithin Market, By Form
1.1.4. Global Lecithin Market, By Region
- MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Macro Factor Indicator Analysis
- RESEARCH METHODOLOGY
3.1. Research Applications
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
- MARKET DYNAMICS
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
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.
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.
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