Lecithin Market was estimated at USD 1,200 Million in 2020 and predicted to grow at 6.7% CAGR during the forecast period.

Introduction of the Lecithin Market Report

Lecithin is defined as a naturally occurring fat essential that is required for the functioning of the body’s cell. Various food items such as sunflower, egg yolks, and soybean are considered vital source of nutrients. It is a substance that is used in the production of drugs and various other pharmaceutical products. The global lecithin market covers various sources such as soy, sunflower, rapeseed, and others.

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Market Dynamic

Key Drivers and Emerging Trends

The easy availability of raw materials followed by the increasing demand for lecithin in various sectors is the two major factors that are contributing to the growth of the lecithin market size over the coming years. The lecithin contains phospholipids and various other nutrients extracted from oilseeds such as soy, sunflower, and rapeseed. There has been an increase in the demand for lecithin, especially from Germany. This is due to its increasing application in convenience food and confectionery products. Moreover, the rising concerns related to a healthy lifestyle and the growing demand for food and beverages with high nutritional value are further boosting the market growth over the coming years. The exceptional feature of easy blending is further supporting the market growth.

The emergence of the COVID-19 has adversely impacted the market growth over the coming years. However, the Food and Drug Administration (FDA) has initiated labeling requirements under the pandemic situation, particularly on ingredients including soy lecithin. The FDA exempted soy lecithin from the allergen list. All these strategies by the regulatory bodies are helping the market to grow.

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Source – Segment Analysis

Based on the source, the sunflower segment is expected to grow at a faster CAGR during the forecast period. The increasing preference for sunflower lecithin as a substitute for soy-based products is a major factor that is responsible for the market growth. There has been an increase in the demand for this product, particularly in France, Ukraine, Russia, and Hungary.

Applications – Segment Analysis

Based on the application, the convenience foods segment is projected to grow at a higher CAGR over the forecast period. The increasing use of lecithin for the production of different confectionery products such as caramels, fudge, brittles, chocolates, among other products. This is a major factor that is surging the market growth. Moreover, the rising sugar-free confectionery sector is further propelling the segment growth. On the other hand, the pharmaceutical & personal care segment is dominating the market during the forecast period. The growing use of high-quality lecithin extracted from the processing of standard derivatives for the drug formulations is a significant factor that is propelling the market growth. Furthermore, the increasing importance of emulsion-based pharmaceuticals products is further propelling the market growth.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific is expected to grow at a higher CAGR during the forecast period. This is mainly due to the increasing demand for natural ingredients, mainly due to the rising use of lecithin in the bakery & confectionery, meat products, and dairy products. Moreover, the growing number of food outlets and foodservice joints are further increasing the demand for lecithin as a food additive, especially in the Chinese food and beverage sector.

Top Market Players

Various notable players operating in the market, include Cargill Incorporated, ADM, Lipoid GmbH, Bunge Loders Croklaan, American Lecithin Company, DuPont, Praan Naturals, Global River Food Ingredients, AKK Soya International, and NOW Foods, among others.

Key Developments:

• • In 2019, AKK, one of the leading Swedish companies, acquired UK-based Soya International and the business trade name became AAK Soya International Ltd.
  • In 2019, Praan Natural introduced Organic Sunflower & Soy Lecithin Powder and Liquid into its ethically derived product range.

Segments covered in the Report:

The global Lecithin market has been segmented on the basis of Source, Application, and regions. Based on Source, the market is segmented into Soy, Sunflower, Rapeseed, and Others. Based on Application, the market is segmented into Convenience Foods, Bakery, Confectionery, Pharmaceuticals & Personal Care, Animal Feed, Industrial, and Others. 

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Key questions answered in this research report:

• • At what pace is global Lecithin market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Lecithin market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Lecithin market?
  • Which Source generated maximum revenues in 2019 and identify the most promising Source during the forecast period?
  • What are the various Application areas of global Lecithin market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2020)	USD 1,200 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Source, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Cargill Incorporated, ADM, Lipoid GmbH, Bunge Loders Croklaan, American Lecithin Company, DuPont, Praan Naturals, Global River Food Ingredients, AKK Soya International, and NOW Foods, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Lecithin Market by Source

• • Soy
  • Sunflower
  • Rapeseed
  • Others

Global Lecithin Market by Application

• • Convenience Foods
  • Bakery
  • Confectionery
  • Pharmaceuticals & Personal Care
  • Animal Feed
  • Industrial
  • Others

Global Lecithin Market by Region

• • North America Lecithin Market (Option 1: As a part of the free 25% customization)
    • North America Lecithin Market by Source
    • North America Lecithin Market by Application
    • US Lecithin Market All-Up
    • Canada Lecithin Market All-Up
  • Europe Lecithin Market (Option 2: As a part of the free 25% customization)
    • Europe Lecithin Market by Source
    • Europe Lecithin Market by Application
    • UK Lecithin Market All-Up
    • Germany Lecithin Market All-Up
    • France Lecithin Market All-Up
    • Spain Lecithin Market All-Up
    • Rest of Europe Lecithin Market All-Up
  • Asia-Pacific Lecithin Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Lecithin Market by Source
    • Asia-Pacific Lecithin Market by Application
    • China Lecithin Market All-Up
    • India Lecithin Market All-Up
    • Japan Lecithin Market All-Up
    • Rest of APAC Lecithin Market All-Up
  • RoW Lecithin Market (Option 4: As a part of the free 25% customization)
    • RoW Lecithin Market by Source
    • RoW Lecithin Market by Application
    • Brazil Lecithin Market All-Up
    • South Africa Lecithin Market All-Up
    • Saudi Arabia Lecithin Market All-Up
    • UAE Lecithin Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Lecithin Market All-Up

Major Players Operating in the Lecithin (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cargill Incorporated
  • ADM
  • Lipoid GmbH
  • Bunge Loders Croklaan
  • American Lecithin Company
  • DuPont
  • Praan Naturals
  • Global River Food Ingredients
  • AKK Soya International
  • NOW Foods