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Lecithin & Phospholipids Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2025

  Lecithin & Phospholipids Market Overview

The Lecithin & Phospholipids Market is estimated to grow at a CAGR of 5.8% during the forecast period from 2019 to 2025. Lecithin & phospholipids market growth can be attributed to the rising demand of lecithin in feed and food applications and upcoming trend in consumption of natural ingredient in cosmetics and dietary supplements. Lecithin is a fat which is essential for the cells in the body. Phospholipids are class of lipids that are essential parts of cell membrane. The market size of Lecithin & phospholipids market is estimated to be at $1.12 Billion by 2018.

Key Takeaways

  • Export opportunities for manufacturers in Asia pacific and South American regions has increased due to the growing demand for fluid lecithin from the feed industry in European countries.
  • The market has observed huge demand for de-oiled lecithin owing to nutritional benefits given to the consumers.
  • The trending aquaculture industry in China is expected to boost the demand for lecithin in the feed segment. Rising demand for personal care products and cosmetics in countries such as Japan and South Korea is expected to drive the phospholipids market in the region.
  • All Phospholipids contains Phosphatidylethanolamines, particularly in nerve tissue such as the white matter of brain,  neural tissue, and in spinal cord, where they make up 45% of all phospholipids and used for membrane fusion and in disassembly of the contractile ringPhosphatidylcholines are a class of phospholipids and a major component of lecithin.

Product Type - Segment Analysis

The Lecithin & phospholipids market is classified by type into Fluid Lecithin, De-Oiled Lecithin and Modified. Fluid lecithin type is more commonly used in the Lecithin & Phospholipids Market. Fluid lecithin is used in paints, varnishes, and textiles. Thus, increased demand in industrial applications is expected to boost sales of fluid lecithin. De-oiled lecithin is used in dietary foods, convenience food, bakery products, and confectionery products 

Source - Segment Analysis

The Lecithin & Phospholipids Market is classified by source into Soy, Sunflower, Rapeseed, Egg and other sources. Sunflower is the key application registering a CAGR of 6.6%. Soy lecithin is growing steadily in the feed application and is also being used as a substitute to cocoa butter in the chocolate industry, due to increase in price of cocoa butter.

Application - Segment Analysis

The Lecithin & phospholipids market is classified by Application into feed, food, Industrial and healthcare. In case of application, feed segment is the largest segment owing to the shift in preference to protein-rich diets in emerging economies like China.

Geography - Segment Analysis

Major regions under study in this report are North America, South America, Europe, APAC and Middle East & Africa. Asia pacific Region is the most dominant region with 38% of the total market share owing to the increased health consciousness, technological advancement especially in packaging, and rising population.

Drivers – Lecithin & Phospholipids Market

·         Rising Applications in different sectors and Need for Alternative Sources

Increasing need for phospholipids in the cosmetic and pharmaceutical industries and the rising need for alternative sources of lecithin are the major factors driving the growth of the lecithin & phospholipids market.

·         Consumer Awareness about Functional food and Health Concerns

The high level of consumer awareness about functional food and growing health concerns among consumers set an ongoing trend for lecithin & phospholipids market.

·         Export opportunities of Non-Gmo lecithin

Export opportunities of non-GMO lecithin from countries such as India to the European market is expected to drive the lecithin market growth in the region.

Challenges – Lecithin & Phospholipids Market

·         Allergy and Health hazards

GMO Concerns, allergy of using soy in lecithin and health hazards related with use of hexane to Extract Lecithin from Soybean is restraining the market

·         Fluctuating Raw materials Prices

Another major challenge faced by companies in the market is the fluctuating prices of raw materials, which affects the total price of the product. Many countries are having stringent regulation policy and it makes the foreign players difficult to enter the market

·         Unfair advantage to existing players

The market is also faced stringent regulations in various countries. This makes it difficult for foreign players to enter into the market and makes the established players to attain a competitive advantage over the new players.

Market Landscape

Product innovations by research and development is the key strategies of the players in lecithin & phospholipids market. Growing demand for Non-genetically modified lecithin in Europe and North America is providing new market opportunity for global Lecithin & Phospholipids Market. In March 2018, Cargill introduced de-oiled lecithin products to complete its product portfolio of GMO and non-GMO lecithin product. Cargill, ADM, Stern-Wywiol Gruppe, DowDuPont, Bunge, Lipoid GmbH, Wilmar International, Sonic Biochem Extractions, Avanti Lipids Polar are the key players offering lecithin & phospholipids.

Lecithin & Phospholipids Market Research Scope:

The base year of the study is 2019, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the lecithin & phospholipids market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

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