Lecithin & Phospholipids Market by Source (Soy, Sunflower, Rapeseed, Egg), Type (Fluid, De-Oiled, Modified), Application (Feed, Food (Confectionery Products, Convenience Food, Baked Goods) Industrial, Healthcare), Nature & Region - Global Forecast to 2027
Northbrook, IL 60062 -- (SBWIRE) -- 03/24/2023 -- The Lecithin & phospholipids market size is estimated to be valued at USD 5.5 billion in 2022 and is projected to reach USD 7.5 billion by 2027, recording a CAGR of 6.3% during the forecast period in terms of value. The market is driven by shifting consumer preferences to the natural and healthy food products. Moreover, it has also witnessed that the increasing vegan and flexitarian population across the globe is promoting the plant-based and natural ingredients in food products. These consumer trends are anticipated to fuel the demand for Lecithin & phospholipids in the global market over foreseeable future.
Download PDF Brochure
Soy-based lecithin and phospholipids are the most commonly used in various industries, including animal feed, food and beverage, industrial, and healthcare. Soy lecithin is readily available and easy to extract, making it a convenient choice for manufacturers. It is used in a wide range of food products, such as bread, ice cream, dairy products, infant products, and convenience foods.
De-oiled lecithin is expected to be the fastest-growing segment in the global lecithin and phospholipids market during the forecast period. It is practically free of oil and contains a high concentration of polyunsaturated fatty acids. The powder form of de-oiled lecithin is compact, easy to handle, and has a longer shelf-life than liquid lecithin. Additionally, it offers nutritional benefits for consumers.
Animal feed is the largest application segment for lecithin and phospholipids, and it is expected to maintain its dominance during the forecast period. Lecithin is an important ingredient used to enrich fat and protein content, as well as improve palletization in animal feed. It is recommended in the diet of crustaceans and fish as they cannot adequately synthesize the phospholipids they require for maximum performance.
GMO is the largest nature segment for lecithin and phospholipids, and it is expected to maintain its dominance during the forecast period. Lecithin is extracted from soy and sunflower, and it serves as an emulsifier and a healthy ingredient in many foods and industries due to its lipid-friendly and hydrophilic properties.
Make an Inquiry
The Asia Pacific region is expected to be the fastest-growing market for lecithin and phospholipids during the forecast period. The growing food industry in developing economies, particularly China and India, which offer a wide variety of bakery products, meat, dairy, and convenience foods, is expected to fuel the demand for lecithin and phospholipids. Additionally, the increasing popularity of food trends like veganism and natural plant-based foods among consumers is expected to boost the demand for lecithin and phospholipids in the region.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441