Growth Strategies Adopted by Major Players in the Lecithin & Phospholipids Market

According to MarketsandMarkets "Lecithin & Phospholipids Market by Source (Soy, Sunflower, Rapeseed, Egg), Type (Fluid, De-Oiled, Modified), Application (Feed, Food (Confectionery Products, Convenience Food, Baked Goods) Industrial, Healthcare), Nature & Region - Global Forecast to 2027", the Lecithin & phospholipids market size is estimated to be valued at USD 5.5 billion in 2022 and is projected to reach USD 7.5 billion by 2027, recording a CAGR of 6.3% during the forecast period in terms of value. The market is driven by shifting consumer preferences to the natural and healthy food products. Moreover, it has also witnessed that the increasing vegan and flexitarian population across the globe is promoting the plant-based and natural ingredients in food products. These consumer trends are anticipated to fuel the demand for Lecithin & phospholipids in the global market over foreseeable future.

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Soy was the largest source segment in the global lecithin & phospholipids market and is expected to maintain the dominance over the forecast period

Soy based Lecithin & phospholipids are the wide consumed across different applications including animal feed, food & beverage, industrial, and healthcare. The ample availability of soy crop and easy extraction process makes the soy lecithin more convenient to the manufacturers in different industry. A wide range of regular food items contains soy lecithin such as bread, ice creams, infant products, dairy products, and some convenience food.

De-oiled segment is anticipated to be the fastest-growing lecithin & phospholipids type segment across the globe over the forecast period

De-oiled Lecithin or powdered Lecithin has almost no oil. It is practically free of oil and contains a particularly high concentration of polyunsaturated fatty acids. The powder lecithin is a more compact, easy-to-handle concentrated lecithin product which makes is perfect for transportation and store with higher shelf-life than liquid Lecithin. In addition to its improved functional properties, de-oiled lecithin products are essentially ready nutraceuticals with immense nutritional benefits for consumers.

Animal feed was the largest application segment for the lecithin & phospholipids market and anticipated to maintain the dominance over the forecast period.

Lecithin is one of the important ingredient used to enrich fat, protein, and improves palletization in animal feed. Various studies have shown that crustaceans & fish cannot adequately synthesize the phospholipids they require for maximum performance. Therefore, phospholipids are recommended in their diet. In 2016, the European Food Safety Authority (EFSA) approved the use of Lecithin in the feed for all animal species. This has created opportunities for manufacturers at a global level.

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Asia Pacific is anticipated to be the fastest-growing region in the Lecithin & phospholipids market over the forecast period

The thriving food industry in developing economies as well as world’s top two most populous Asian countries including China and India which comprises a wide variety of bakery products, meat, dairy, and convenience foods is anticipated to fuel the demand for Lecithin & phospholipids. Moreover, growing popularity and adoption of food trends like veganism and natural plant-based foods among consumers is anticipated to promote the demand for Lecithin & phospholipids in the regional market.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Cargill (US), ADM (US), DuPont (US), IMCD Group B.V. (US), Bunge Limited (US), STERN-WYWIOL GRUPPE (Germany), Wilmar International Ltd. (Singapore), Sonic Biochem (India), Avril Group (France), American Lecithin Company (US), and VAV Life Sciences Pvt. Ltd. (India).

Latest Regulatory Trends Impacting the Lecithin & Phospholipids Market

The report "Lecithin & Phospholipids Market by Source (Soy, Sunflower, Rapeseed, Egg), Type (Fluid, De-Oiled, Modified), Application (Feed, Food (Confectionery Products, Convenience Food, Baked Goods) Industrial, Healthcare), and Region - Global Forecast to 2023", The global lecithin market was valued at USD 1.15 billion in 2018 and is projected to reach USD 1.59 billion by 2023, at a CAGR of 6.7% during forecast period. The global phospholipids market was valued at USD 3.23 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 6.2% during the forecast period. The lecithin market is driven by factors such as increased demand from the feed segment, a shift in preference towards convenience foods in the emerging economies of the Asia Pacific and South American regions. On the other hand, the phospholipids market is driven by the increased demand for natural ingredients in personal care products and cosmetics in countries such as China, India, Japan, and South Korea.

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Based on type, the de-oiled type segment of the lecithin market is projected to grow at the highest CAGR during the forecast period

Based on type, the lecithin market has been segmented into de-oiled, fluid, and modified. The de-oiled segment is projected to grow at the highest CAGR during the forecast period. It offers benefits to manufacturers such as ease of handling since it is available in the powdered or granular form. It provides nutritional benefits to consumers and is used in dietary foods, bakery products, confectionery products, and convenience food. These are the key factors that drive the de-oiled segment in the lecithin market.

Based on the source, the sunflower segment of the lecithin market is projected to grow at the highest CAGR during the forecast period

Based on source, the lecithin market has been segmented into soy, sunflower, rapeseed, and eggs while the phospholipids market is segmented into soy and egg. The sunflower segment is projected to grow at the highest CAGR during the forecast period. For food applications, the preferred lecithin is non-GMO lecithin, due to concerns about health issues related to the consumption of genetically modified products and strict regulations in regions such as Europe. The lecithin extracted from soy is generally GM; hence, end-user industries are switching to other options such as sunflower and rapeseed. The wide availability of sunflower in European countries such as Ukraine and Russia is also expected to favor the growth of the lecithin market in this region. 

In terms of application, nutrition & supplements segment is estimated to account for the largest share of the phospholipids value market in 2018

The nutrition & supplement segment is estimated to account for the largest share of the phospholipids market in 2018. The demand for phospholipids is growing in the developing economies of Asia Pacific, Eastern Europe, along with Africa, and the Middle East. Developing regions are expected to emerge as the fastest-growing consumers of phospholipids for pharmaceuticals and nutrition & supplement applications, due to the continuous increase in the per capita income in these regions and the increase in health awareness among consumers for natural ingredients.

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The Asia Pacific region accounted for the largest share of the phospholipids market in 2017

The Asia Pacific region accounted for the largest share of the phospholipids market in 2017 market. Changes in consumer preference toward natural ingredients have increased the demand for phospholipid products. In Asia Pacific, a rise in the young population (under 30 years of age) and rising awareness about health have prompted consumers to opt for healthier alternatives such as food supplements. Furthermore, increased demand for bakery items such as cakes, pastries, and cookies will also drive the demand for lecithin in the region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It includes major players such as Cargill (US), ADM (US), Stern-Wywiol Gruppe (Germany), DowDuPont (US), and Bunge (US), who are focusing on expansions & investments, acquisitions, and agreements to strengthen their base in the lecithin & phospholipids market. Other players include Lipoid GmbH (Germany), Wilmar International (Singapore), Sonic Biochem Extractions (India), Avanti Lipids Polar (US), Lecico (Germany), VAV Life Sciences (India), Sodrugestvo (Luxembourg), Kewpie Corporation (Japan), Sojaprotein (Serbia), American Lecithin Company (US), Sime Darby Unimills, Lecital (Austria), and Lasenor Emul (Spain); these players are also strengthening their market position through expansions and new product launches.

Lecithin & Phospholipids Market to Showcase Continued Growth in the Coming Years

The report "Lecithin & Phospholipids Market by Source (Soy, Sunflower, Rapeseed, Egg), Type (Fluid, De-Oiled, Modified), Application (Feed, Food (Confectionery Products, Convenience Food, Baked Goods) Industrial, Healthcare), and Region - Global Forecast to 2023" The global lecithin market was valued at USD 1.15 billion in 2018 and is projected to reach USD 1.59 billion by 2023, at a CAGR of 6.7% during forecast period. The global phospholipids market was valued at USD 3.23 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 6.2% during forecast period. The lecithin market is driven by factors such as increased demand from the feed segment, a shift in preference towards convenience foods in the emerging economies of the Asia Pacific and South American regions. On the other hand, the phospholipids market is driven by the increased demand for natural ingredients in personal care products and cosmetics in countries such as China, India, Japan, and South Korea.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259514839

Based on type, the de-oiled type segment of the lecithin market is projected to grow at the highest CAGR during the forecast period

Based on type, the lecithin market has been segmented into de-oiled, fluid, and modified. The de-oiled segment is projected to grow at the highest CAGR during the forecast period. It offers benefits to manufacturers such as ease of handling since it is available in the powdered or granular form. It provides nutritional benefits to consumers and is used in dietary foods, bakery products, confectionery products, and convenience food. These are the key factors that drive the de-oiled segment in the lecithin market.

Based on source, the sunflower segment of the lecithin market is projected to grow at the highest CAGR during the forecast period

Based on source, the lecithin market has been segmented into soy, sunflower, rapeseed, and eggs while the phospholipids market is segmented into soy and egg. The sunflower segment is projected to grow at the highest CAGR during the forecast period. For food applications, the preferred lecithin is non-GMO lecithin, due to concerns about health issues related to the consumption of genetically modified products and strict regulations in regions such as Europe. The lecithin extracted from soy is generally GM; hence, end-user industries are switching to other options such as sunflower and rapeseed. The wide availability of sunflower in European countries such as Ukraine and Russia is also expected to favor the growth of the lecithin market in this region. 

In terms of application, nutrition & supplements segment is estimated to account for the largest share of the phospholipids value market in 2018

The nutrition & supplement segment is estimated to account for the largest share of the phospholipids market in 2018. The demand for phospholipids is growing in the developing economies of Asia Pacific, Eastern Europe, along with Africa, and the Middle East. Developing regions are expected to emerge as the fastest-growing consumers of phospholipids for pharmaceuticals and nutrition & supplement applications, due to the continuous increase in the per capita income in these regions and the increase in health awareness among consumers for natural ingredients.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=259514839

The Asia Pacific region accounted for the largest share of the phospholipids market in 2017

The Asia Pacific region accounted for the largest share of the phospholipids market in 2017 market. Changes in consumer preference toward natural ingredients have increased the demand for phospholipid products. In Asia Pacific, a rise in the young population (under 30 years of age) and rising awareness about health have prompted consumers to opt for healthier alternatives such as food supplements. Furthermore, increased demand for bakery items such as cakes, pastries, and cookies will also drive the demand for lecithin in the region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It includes major players such as Cargill (US), ADM (US), Stern-Wywiol Gruppe (Germany), DowDuPont (US), and Bunge (US), who are focusing on expansions & investments, acquisitions, and agreements to strengthen their base in the lecithin & phospholipids market. Other players include Lipoid GmbH (Germany), Wilmar International (Singapore), Sonic Biochem Extractions (India), Avanti Lipids Polar (US), Lecico (Germany), VAV Life Sciences (India), Sodrugestvo (Luxembourg), Kewpie Corporation (Japan), Sojaprotein (Serbia), American Lecithin Company (US), Sime Darby Unimills, Lecital (Austria), and Lasenor Emul (Spain); these players are also strengthening their market position through expansions and new product launches.