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Lecithin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Global Lecithin Market is segmented by Source into Egg, Soy, Sunflower, and Others; By Application into Food and Beverage, Feed, Nutrition and Supplements, Pharmaceuticals and Other Applications; and by Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
5.5 %
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Market Overview
The global lecithin market is growing with a CAGR of 5.5% during the forecast period (2020-2025).
- The rising incidences of lifestyle-based health issues, such as cardiovascular diseases, obesity, osteoporosis, and diabetes, have fuelled consumers’ need for food ingredients like lecithin.
- Owing to its various medical benefits, lecithin can be consumed as a medicine, and can also be used in medicine manufacturing. Lecithin improves liver and cell functioning, fat transport and metabolism, healthy reproduction and child development, and offers better treatment for gallstone.
- In the developed markets, such as the United States and Europe, consumers are actively focusing on the consumption of food products made from organic ingredients, which are obtained from non-GMO (Genetically-modified Organism) extracts.
Impact of COVID-19 on the Market:
- The COVID-19 pandemic has resulted into a devastating impact on the lecithin market in two main ways: by directly affecting production and demand, and by creating supply chain and market disruption.
- However, the Food and Drug Administration (FDA) has relaxed labeling requirements under COVID-19 on few ingredients including soy lecithin. The FDA exempted soy lecithin from allergen list, stating that the product never required to be labeled as allergens. Such initiatives by the regulatory bodies have created ample room to rebalance the lecithin industry even in the face of persistent COVID-19 restrictions.
Scope of the Report
The global lecithin market is segmented by source into egg, soy, sunflower, and others. The market is segmented by application into food and beverage, feed, nutrition and supplements, pharmaceuticals, and other applications. The geographical analysis of the market has also been included.
| By Source | |
| Egg | |
| Soy | |
| Sunflower | |
| Other Sources |
| By Application | |
| Food and Beverage | |
| Feed | |
| Nutrition and Supplements | |
| Pharmaceuticals | |
| Other Applications |
| By Geography | |||||||||
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Key Market Trends
Increasing Application in Nutrition and Supplements
The global marketplace has witnessed a paradigm shift from curative practices to preventive management in healthcare, making it a prime growth factor for the market studied. Healthcare as an industry contributes extensively to the overall economy. Emphasis on care management, focus on paying for value, and rising general inflation are major factors influencing the healthcare cost. Population in the United States, Europe, and Japan is aging, prompting consumers to seek a variety of dietary supplements for maintaining and enhancing the overall health and well being. Thus, the intense focus on the preventive healthcare system, coupled with robust endorsements and marketing efforts of lifestyle enhancement products, is driving the market for lecithin in the dietary supplement industry.
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China to Dominate as Lecithin Market in Asia-Pacific
The rising demand for natural ingredients is witnessing a rise in the usage of lecithin in bakery and confectionery, dairy, and meat products. The increasing number of food outlets and foodservice joints seem to be driving the demand for lecithin as a food additive in the Chinese food and beverage industry. China is also a fast-growing market, due to rising cases of obesity and more attention being paid to the nutrition in food products, which drives the market studied.
On the other hand, increased demand for personal care products and cosmetics uses in the countries are expected to boost the demand for de-oiled lecithin. Additionally, the booming aquaculture industry in China is expected to boost the demand for lecithin in the animal feed segment.
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Competitive Landscape
The global lecithin market witnesses high competition, with a considerable number of regional level and global players. Companies are actively expanding their product bases, and are increasing their production capacity to meet the demand for the applications emerging from the food and beverage sector.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables & Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Source
5.1.1 Egg
5.1.2 Soy
5.1.3 Sunflower
5.1.4 Other Sources
5.2 By Application
5.2.1 Food and Beverage
5.2.2 Feed
5.2.3 Nutrition and Supplements
5.2.4 Pharmaceuticals
5.2.5 Other Applications
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 Cargill Inc.
6.4.2 Archer Daniels Midland Company
6.4.3 Lipoid GmbH
6.4.4 DuPont de Nemours, Inc
6.4.5 Sternchemie Gmbh & Co. Kg
6.4.6 VAV Life Sciences Pvt Ltd
6.4.7 Bunge Limited
6.4.8 Wilmar International
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
*List Not Exhaustive
** Subject to Availability
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