|Status : Upcoming||Report Code : VRFB11006||Industry : Food & Beverage||Available Format :|
Industry Insights by Source (Soy, Rapeseed, Egg, Sunflower, and Other Sources), by Type (Fluid Lecithin, Modified and De-Oiled Lecithin), and by Application (Feed, Industrial, Food, Healthcare, Nutrition & Supplements, Pharmaceuticals and Others)
Lecithin is the mixture of phospholipid and emulsifier, attained from the egg yolk, vegetables, and soybean. In addition, phospholipids are separated from the same source of base. Lecithin & phospholipids are widely applicable in nutrition & supplements pharmaceutical, cosmetics, and others. Mounting need for phospholipids in the cosmetic and pharmaceutical industries and the mounting need for alternative sources of lecithin are the major factors driving the growth of the lecithin & phospholipids market. The market has witnessed high demand for de-oiled lecithin due to nutritional benefits to consumers.
Lecithin Market Insight by Source
On the basis of source, the lecithin market is subdivided into soy, rapeseed, egg, sunflower and other sources. Among all sources, the sunflower segment is expected to grow at the fastest rate in the market due to due to concerns about health problems associated to the ingesting of genetically modified products, extensive availability of sunflower in the European countries and stringent regulations. In addition, the soy segment accounted the largest share in the market due to the inexpensive extraction process, the upsurge in the cost of cocoa butter and adequate obtainability of soybean.
Lecithin Market Insight by Type
On the basis of type, the market is subdivided into fluid lecithin, modified and de-oiled lecithin. Among all types, de-oiled lecithin segment is expected to grow at the fastest rate in the market due to the easiness of handling and provide nutritional benefits to consumers. Moreover, the de-oiled lecithin is used in dietary foods, convenience food, bakery products, and confectionery products driving the growth of the de-oiled lecithin segment.
In addition, the fluid lecithin segment accounted for the largest share in the market due to augmented need in industrial application and the mounting requirement for fluid lecithin from the feed industry in European countries.
Lecithin Market Insight by Application
On the basis of the application, the market is subdivided into feed, industrial, food, and healthcare. Among all applications, the feed segment accounted the largest share in the market due to mounting need for soy lecithin in the feed segment and shift in inclination to protein-rich diets in developing countries such as China. The food segment is further subdivided into baked goods, confectionery products, convenience foods, and others.
Phospholipids Market Insight by Source
On the basis of source, the market is subdivided into soy, egg and other sources. Among all sources, the soy segment accounted the largest share in the phospholipids market due to the augmented need for natural sources in the cosmetics and pharmaceutical industry.
Phospholipids Market Insight by Application
On the basis of application, the market is subdivided into nutrition & supplements, pharmaceuticals, and others. Among all applications, the nutrition & supplements segment accounted for the largest share in the phospholipids market due to the constant upsurge in the per capita income and an upsurge in health alertness amongst consumers for natural ingredients.
Multi-functionality in numerous end-use industries, the mounting need for phospholipids in the cosmetic and pharmaceutical industries, an alter in inclination towards convenience foods and the mounting need for naturally sourced ingredients are the primary growth drivers for lecithin & phospholipids market.
Mounting need for alternative sources of lecithin, the mounting need for feed and food applications and funding in the development of industrial applications are also facilitating the growth for the lecithin & phospholipids market.
Health matters or allergies concerning the utilization of soy lecithin, changing the cost of raw material and concerns relate to the adverse impact of GMO soy lecithin are the major challenges for the growth of lecithin & phospholipids market.
Globally, the manufacturing companies trying to enter the lecithin & phospholipids market are required to maintain stringent regulatory standards. This offers an edge to the established players in the industry competition. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players in the lecithin & phospholipids market.
Geographically, Asia-Pacific is observed to witness the highest growth in the lecithin & phospholipids market due to alteration in consumer’s inclination towards natural ingredients. In addition, augmented the need for bakery products such as cookies, pastries, and cakes, mounting alertness about the health, the expanding aquaculture industry, augmented the need for personal care products and cosmetics and upsurge in the young population are also creating a positive impact on the lecithin & phospholipids market growth in the region.
Key players in the lecithin & phospholipids market are catering to the demand by investing in new product launches in their product portfolio across the globe. In March 2018, Cargill introduced de-oiled lecithin products to complete its product portfolio of GMO and non-GMO lecithin product. Cargill, Bunge, VAV Life Sciences, Sonic Biochem Extractions, ADM, Lipoid, Stern-Wywiol Gruppe, Dowdupont, and Lecico are the key players offering lecithin & phospholipids.