Authored By: Sarah
11 Jul 2024

 Lecithin Market to grow by USD 233.7 million between 2024-2028

According to a research report “ Lecithin Market” by Application (Animal feed, Food and beverages, Pharmaceuticals, Others) Source (Soy lecithin, Egg lecithin, Sunflower lecithin, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 233.7 million at a CAGR of  6.78% during the forecast period. In the burgeoning digital marketplace, the surge in smartphone usage and Internet availability is fueling the sale of bakery products online. E-commerce platforms provide a vast selection of brands, enabling consumers to purchase bakery items at their convenience. The expedited delivery and streamlined purchasing process are driving more customers to buy bakery products via online distribution channels. This trend has led major players in the packaged food and beverage sector, including Mondel?z International, Inc., to offer bakery products through their websites. Vendors are incentivized to sell bakery items online, as it grants them access to competitors' offerings and reduces overhead costs by eliminating the need for physical retail spaces and labor. The Lecithin market is experiencing similar trends, as consumers increasingly prefer the convenience and variety of online purchasing for bakery products..

Browse market data tables, figures, and in-depth TOC on “Lecithin Market” by Application (Animal feed, Food and beverages, Pharmaceuticals, Others) Source (Soy lecithin, Egg lecithin, Sunflower lecithin, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028.

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By Application, the Animal feed segment is projected to dominate the market size in 2024.

The Lecithin market witnesses robust growth, driven by its versatile applications in various industries. This phospholipid compound is essential in food, pharmaceuticals, and cosmetics sectors due to its emulsifying, stabilizing, and thickening properties. Companies are investing heavily in research and development to expand its usage in innovative applications, further fueling market expansion.

By Source, Soy lecithin  segment is expected to hold the largest market size for the year 2024.

The Lecithin market witnesses robust growth, driven by its versatile applications in various industries. This phospholipid compound is essential in food, pharmaceuticals, and cosmetics sectors due to its emulsifying, stabilizing, and thickening properties. Companies are investing heavily in research and development to expand its usage in innovative applications, further fueling market expansion.

Europe is forecasted to hold the largest market size by region in 2024.

The Lecithin market witnesses robust growth, driven by its versatile applications in various industries. This phospholipid compound is essential in food, pharmaceuticals, and cosmetics sectors due to its emulsifying, stabilizing, and thickening properties. Companies are investing heavily in research and development to expand its usage in innovative applications, further fueling market expansion.

The Lecithin Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AAK AB
  • American Lecithin Co.
  • AMITEX AGRO PRODUCT PVT. LTD.
  • Archer Daniels Midland Co.
  • AVRIL SCA
  • Bunge Ltd.
  • Cargill Inc.
  • Fismer Lecithin GmbH
  • Foodchem International Corp.
  • Giiava
  • Haneil Soyatech Pvt. Ltd.
  • Kriti Nutrients Ltd.
  • Lecilite Ingredients Pvt. Ltd.
  • Lipoid GmbH
  • Matrix Life Science Inc.
  • Prestige Group
  • Sonic Biochem Extraction Pvt. Ltd.
  • Sternchemie GmbH and Co. KG
  • VAV Life Sciences Pvt. Ltd.
  • Wilmar International Ltd.
.

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Research Analysis Overview

The Lecithin market encompasses the production and supply of hypoallergenic lecithin derived from various plant sources, including sunflower seeds and soy segment. This essential ingredient, rich in phospholipids, plays a crucial role in the cosmetic sectors as a revitalizing agent, enhancing skin penetration and preventing oxidation. In the dietary supplement industry, lecithin is recognized for its ability to aid in cell migration and protein synthesis, supporting the health of cell membranes. Process innovation has led to the development of lecithin in various forms, such as lecithin powder and liquid lecithin, catering to the convenience food industry. Natural antioxidants present in lecithin contribute to oxidation prevention, making it a valuable addition to numerous applications. Lecithin manufacturers continue to explore new uses for this versatile ingredient, further expanding its market reach in various industries.

Market Research Overview

The Lecithin market encompasses various formulations and applications, including meat products, baked goods, and confectioneries. Lecithin, derived from natural sources such as sunflower seeds and soy segment, serves multiple functions in food production. Added as an ingredient, it enhances texture, mouthfeel, and viscosity in food products. In the baking industry, lecithin acts as a fat cap former, while in the cosmetic sector, it functions as a revitalizing agent and skin penetration enhancer. The market for lecithin has witnessed an increase in demand due to its health benefits. Lecithin supplements are used to address dietary supplement needs, particularly for individuals with cholesterol issues, ulcerative colitis, and other health concerns. Lecithin's hypoallergenic properties and high bioavailability make it a preferred choice for teens and young people. Lecithin producers employ process innovation to cater to various industries, including the animal feed sector and healthy meals. Lecithin is available in different forms, such as granules, powder, and liquid, and is used as a wetting agent, viscosity reducer, and emulsifier in instant foods and convenience food production. Phospholipids, a key component of lecithin, play a crucial role in cell membranes, protein synthesis, and cell migration. Lecithin manufacturers continue to explore new opportunities through joint ventures, acquisitions, and mergers to expand their market reach.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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