ID: MRFR/F-B & N/3961-HCR | February 2021 | Region: Global | 139 pages
The global lecithin market is expected to register a CAGR of 5.11% from 2019 to 2024 and reach USD 2.34 billion by the end of 2024. Lecithin is a term used to represent a group of fat, which is amphiphilic (attracts water and fatty substances) in nature. It offers a number of health benefits when consumed in appropriate quantities. It has been found that lecithin helps in lowering the low-density lipoprotein (LDL) cholesterol levels and promotes the production of high-density lipoprotein (HDL), which is projected to drive the demand for lecithin from the food industry. Lecithin has emulsifying properties, which helps in improving the mucus production in the intestine; this aids in improving digestion. People suffering from dementia and Alzheimer’s disease are often supplemented with lecithin, as it has been observed to improve brain functioning. These factors are expected to propel the growth of the global lecithin market. Lecithin is used extensively in skincare products owing to its hydrating and moisturizing properties. It also helps in reducing flaking of skin and repairs inflamed skin. Lecithin also helps in the treatment of liver and gallbladder diseases. Lecithin is used widely in the food industry, due to its emulsifying property, which helps in the mixing of different food ingredients. Additionally, the increasing demand for naturally sourced ingredients in various industries is forecasted to propel the growth of the global lecithin market.
The global lecithin market has been segmented based on source, applications, form, and region.
The global lecithin market has been classified, based on source, as soy, egg, sunflower, and others.
By application, the global lecithin market has been bifurcated into food & beverages, pharmaceuticals & nutraceuticals, personal care & cosmetics, and others.
The global lecithin market has been classified, by form, into powder, liquid, and granules.
The global lecithin market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American lecithin market has further been segmented into the US, Canada, and Mexico.
The European lecithin market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The lecithin market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The lecithin market, in the rest of the world, has been segmented into South America, the Middle East, and Africa. Key Players
Cargill Inc (US), Archer Daniels Midland Company (US), Lipoid GmbH (Germany), E. I. duPont de Nemours and Company (US), Sternchemie Gmbh & Co. Kg (Germany), VAV Life Sciences Pvt Ltd (India), Bunge Limited (US), Wilmar International (Singapore), Sodrugestvo Group S.A. (Luxembourg), Thew Arnott (UK), American Lecithin Company (US), Swanson Health Products (US), NOW Foods (US), Lasenor Emul (Spain), and Lecico Gmbh (Germany) are some of the key players in the global Lecithin market.
Regional Market Summary
The market in North America is expected to dominate the global lecithin market, owing to the high demand for lecithin from personal care & cosmetics industry. Additionally, the increasing awareness about the benefits of naturally sourced ingredients in the region is expected to boost the growth of lecithin market in the region.
The market in Asia-Pacific is projected to register the highest CAGR in the global lecithin market, due to growing demand for lecithin from food industry. Moreover, the growing youth population in the region is expected to foster the demand of lecithin in form of supplements, which in turn will fuel the growth of lecithin market in the region.
The global lecithin market in the rest of the world is expected to grow at a steady rate due to increasing consumer awareness regarding the health benefits offered by lecithin in many countries of South America such as Argentina and Brazil.