Lecithin Industry Overview
The global lecithin market size was valued at USD 547.5 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. The growth is majorly driven by increasing application in baked goods, ready-to-eat, confectioneries, pasta, and instant foods because of its properties, such as emulsifier, viscosity reduction agent, and wetting agent.
Lecithin manufacturers contend on the ground of competitive pricing due to the existence of price-sensitive buyers. Manufacturers emphasize process innovation and low-cost raw material origins to gain a competitive edge in the marketplace. In addition, the rapid growth of end-use industries such as food, beverage, feed, and pharmaceutical, as well as the rise in lecithin production, tends to overwhelm fills the gap between supply and demand, and moderate price increases are expected during the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Lecithin Market
Phospholipids are cell membrane components that regulate cell activities, including protein production and cell migration to various parts of the body. Phospholipids, especially lecithin, are being widely utilized in food and beverage, dietary supplements, and cosmetic industries as emulsifiers and have been gaining adoption as natural antioxidants to control lipid oxidation.
The pharmaceutical end-use segments primarily utilize lecithin obtained from plant sources. It is used in numerous pharmaceutical applications, besides liquid dosage forms, solid dosage forms, and liposomal applications, because of its use as a revitalizing agent, emulsifier, dispersant, wetting agent (powder and tablet), and mold release agent. It also slows fat crystallization, aids skin penetration, increases bioavailability, and protects ingredients.
Changing consumer preferences towards the consumption of non-GMO and hypoallergenic food products has forced lecithin manufacturers to improve their product portfolio by introducing new products. For example, in 2018, Cargill Incorporated, one of the prominent contributors to the lecithin market, launched an entirely new portfolio of defatted lecithin products. Industry players are focusing on improving the quality of their products.
Browse through Grand View Research’s Nutraceuticals & Functional Foods Industry Research Reports
- Functional Drinks Market: The global functional drinks market size was worth USD 204.8 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030.
- Bioactive Ingredients Market: The global bioactive ingredients market size was valued at USD 173.22 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030.
Key Companies Profile
Some prominent players in the global lecithin market include:
- Cargill, Inc.
- Lipoid GmbH
- Bunge Limited
- American Lecithin Company
- Global River Food Ingredients
- DuPont de Nemours, Inc.
- Stern-Wywiol Gruppe GmbH & Co. KG
- Haneil Soyatech Pvt. Ltd.
- NOW Foods
- Thew Arnott & Co. Ltd.
Order a free sample PDF of Lecithin Market Intelligence Study, published by Grand View Research.