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Redding, California - June 27, 2024

Lecithin Market to Reach $2.91 Billion by 2031

Lecithin Market Size, Share, Forecast, & Trends Analysis by Type (Unrefined, Refined, Modified), Source (Soy, Sunflower, Canola), Form (Liquid, Granular), Application (Food & Beverages, Pharmaceuticals, Animal Feed, Personal Care) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Lecithin Market Size, Share, Forecast, & Trends Analysis by Type (Unrefined, Refined, Modified), Source (Soy, Sunflower, Canola), Form (Liquid, Granular), Application (Food & Beverages, Pharmaceuticals, Animal Feed, Personal Care) - Global Forecast to 2031.’

According to this latest publication, the lecithin market is projected to reach $2.91 billion by 2031, at a CAGR of 6.5% from 2024 to 2031. The growing demand for natural and functional ingredients, the rising prevalence of lifestyle-based health issues such as cardiovascular diseases, obesity, osteoporosis, and diabetes, the growing demand for processed food and beverage products, and the rising awareness about phospholipids contribute to the growth of the lecithin market. However, the high presence of synthetic alternatives and allergic reactions to soy products are expected to hinder market growth to some extent.

Moreover, the increasing demand for lecithin from the personal care industry and the increasing use of lecithin in developing countries are expected to provide growth opportunities for the stakeholders operating in this market. Nevertheless, the substantial challenges faced by stakeholders in this market are the fluctuation in raw material prices and availability and lack of awareness regarding the benefits of lecithin.

Furthermore, rising demand for non-GMO products and clean-label products is a major trend in the lecithin market.

Key Players:

The lecithin market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the Lecithin market are Cargill, Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), DuPont de Nemours, Inc. (U.S.), Lipoid GmbH (Germany), Bunge Global SA (U.S.), American Lecithin Company (U.S.), Global River Food Ingredients (U.S.), Sternchemie GmbH & Co. KG (Germany), Wilmar International Limited (Singapore), AAK AB (Sweden), Haneil Soyatech Pvt. Ltd. (India), Orison Chemicals Limited (China), Tianjin Hexiyuan Lecithin Technology Co., Ltd. (China), Sime Darby Oils Zwijndrecht Refinery B.V. (Netherlands), LECICO GmbH (Germany), and Sun Nutrafoods (India).

The lecithin market is mainly segmented by type (unrefined, refined, modified) source (soy {non-GMO and GMO}, sunflower, canola/rapeseed, egg yolk, and other sources), form (liquid, powder, and granular), application (food and beverages {bakery products, confectionery products, dairy products, other food and beverages}, pharmaceuticals & nutraceuticals, personal care, animal feed, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the regional and country-level markets.

Based on type, the lecithin market is segmented into unrefined, refined, and modified. In 2024, the unrefined segment is expected to account for the largest share of the lecithin market. The large market share of this segment can be attributed to increasing demand for food additives, growing demand for natural ingredients with minimal processing, and increasing use in cosmetic products. In addition, easy and high availability and greater benefits over modified lecithin further support the growth of this segment.

Based on source, the lecithin market is segmented into soy, sunflower, canola/rapeseed, egg yolk, and other sources. In 2024, the soy segment is expected to account for the largest share of 45.1% of the lecithin market. The large market share of this segment can be attributed to factors such as the high availability of soy as raw material, lower cost than other sources, and increasing use of soy-based lecithin in plant-based food and dairy alternatives. In addition, there is an increase in the use of soy-based phospholipids in cosmetics and pharmaceuticals as a natural ingredient, further driving the market growth.

Based on form, the lecithin market is segmented into liquid, powder, and granular. In 2024, the liquid segment is expected to account for the largest share of the lecithin market. The large market share of this segment can be attributed to factors such as ease of use, high stability, and versatility. Liquid lecithin is more effective at emulsifying oil and water mixtures, which is crucial in many food and cosmetic applications.

Based on application, the lecithin market is segmented into food and beverages, pharmaceuticals & nutraceuticals, personal care & cosmetics, animal feed, and other applications. In 2024, the food and beverages segment is expected to account for the largest share of 46.4% of the lecithin market. The large market share of this segment can be attributed to factors such as the increasing demand for processed food products such as baked goods, dairy products, processed meats, and meat analog products and the growing demand for plant-based food products, including plant-based meat alternatives and vegan dairy products. In addition, it also acts as an emulsifier, stabilizer, wetting agent, antioxidant, and viscosity reducer in food products, which further supports the growth of the segment.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Russia, Poland, and the Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, and Rest of Latin America), and the Middle East & Africa.

In 2024, Europe is expected to account for the largest share of 31.3% of the lecithin market, followed by North America and Asia-Pacific. Europe's lecithin market is estimated to be worth USD 585.5 million in 2024. The region’s significant market share can be attributed to several key factors such as growing demand for healthy food products, increasing demand for natural ingredients in various industries, growing demand for plant-based food, presence of a large number of manufacturers offering products in the region, and high demand for animal feed in the region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5949

Key Questions Answered in the Report-

What is the value of revenue generated by the sale of lecithin?
At what rate is the global demand for lecithin projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the lecithin market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which type, source, form, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the lecithin market?
Who are the major players in the lecithin market? What are their specific product offerings in this market?
What recent developments have taken place in the lecithin market? What impact have these strategic developments created on the market?

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Redding, California - June 27, 2024

Lecithin Market to Reach $2.91 Billion by 2031

Lecithin Market Size, Share, Forecast, & Trends Analysis by Type (Unrefined, Refined, Modified), Source (Soy, Sunflower, Canola), Form (Liquid, Granular), Application (Food & Beverages, Pharmaceuticals, Animal Feed, Personal Care) - Global Forecast to 2031

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