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Lecithin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 115 Pages
  • August 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4896365
The global lecithin market is expected to record a CAGR of 6.7% during the forecast period (2022-2027).

The COVID-19 pandemic has resulted in a devastating impact on the lecithin market in two main ways: directly affecting production and demand and creating supply chain and market disruption. However, the Food and Drug Administration (FDA) has relaxed labeling requirements under COVID-19 on a few ingredients, including soy lecithin. The FDA exempted soy lecithin from the 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 despite persistent COVID-19 restrictions.

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.

Due to its various medical benefits, lecithin can be consumed as a medicine and 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, thereby finding its place in various new product launches.

Key Market Trends

Increasing Demand for Dietary Supplement

A healthy lifestyle is prompting consumers to seek a variety of dietary supplements for maintaining and enhancing their overall 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. The primary factor affecting the market includes the increase in demand for food ingredients derived from various natural sources that would boost the sector. The surge in product launches according to the market demand is expected to propel the industry's growth. For instance, Lasenor announced the launch of VEROLEC ORGANIC, organic soya lecithin that originated in the United States with USDA (United States Department of Agriculture) Organic Certification.

Asia Pacific Holds the Largest Market Share

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 drive 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 in the countries is expected to boost the demand for de-oiled lecithin. Additionally, the booming aquaculture industry in China is expected to increase the demand for lecithin in the animal feed segment.

Competitive Landscape

The global lecithin market witnesses high competition, with a considerable number of regional level and international players. Lecithin manufacturers are increasing the pace of product releases to better engage with customers and meet the rising demand for lecithin-based goods. New market players like Cargill Inc., Archer Daniels Midland Company, Archer Daniels Midland Company, DuPont de Nemours, Inc, and Wilmar International, on the other hand, are focussing on the development of a wider variety of lecithin formats for incorporation into food items including bakery and confectionary, cosmetic, pharmaceutical, nutraceuticals, animal feed, and others, appealing to a broader end-user demographic. 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.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Table of Contents

1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
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
5.1 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 Geography
5.3.1 North America United States Canada Mexico Rest of North America
5.3.2 Europe Spain United Kingdom Germany France Italy Russia Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia Rest of Asia-Pacific
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle-East and Africa South Africa Saudi Arabia Rest of Middle-East and Africa
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
6.4.9 Fishmer Lecithin
6.4.10 American Lecithin Company

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Cargill Inc.
  • Archer Daniels Midland Company
  • Lipoid GmbH
  • DuPont de Nemours, Inc
  • Sternchemie Gmbh & Co. Kg
  • VAV Life Sciences Pvt Ltd
  • Bunge Limited
  • Wilmar International
  • Fishmer Lecithin
  • American Lecithin Company