The global lecithin market is anticipated to grow at a significant CAGR of 5.7% during the forecast period (2024-2031). The prominent factor that drives the market growth includes the increasing demand for a large range of cosmetics products, as lecithin is loaded with antioxidants and exhibits soothing properties. Moreover, the rising concern towards a healthy lifestyle and increasing demand for nutrient enrich food and beverages may stimulate the global lecithin industry growth. Lecithin is highly composed of phospholipids which are sourced from oilseeds, which include sunflower, rapeseed, and soy. The blending property of lecithin is driving its demand in the food and beverages, pharmaceuticals, and cosmetics industry. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including geographical expansion, partnerships, mergers and acquisitions, geographical expansion, and new product launches to remain competitive in the marketplace.
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Recent Strategic Initiatives
- In February 2021, Sternchemie launched soy alternatives with new lecithin solutions, to address the growing demand for transparency and quality expectation among the consumers for lecithin solutions. The company is expanding its range of lecithin products, as they are broadly used in various applications such as chocolate, bakery, and other products.
- August 2021- Thew Arnott has opened a lecithin blending site in Monticello, ILL. With this expansion, the company focuses on providing dairy, feed, and confectionery products in US and Canada. Moreover, the new plant processed standard, non-GMO, and non-allergen varieties of the emulsifiers.
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Market Coverage
- Segment Covered-
o By Source
o By Type
o By Application
o By Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Archer Daniels Midland Co., Lipoid GmbH, DuPont de Nemours Inc., Cargill Inc., and the Wilmar Group.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Lecithin Market Report by Segment
By Source
- Aluminum Soya
- Rapeseed/ Canola
- Sunflower
- Egg Yolks
By Type
- Thaimine(B1)
- Riboflavin(B2)
- Niacin(B3)
- Pantothenic(B5)
- Pyridoxine(B6)
- Biotin
- Folic Acid
- Cobalamins ( B12)
By Application
- Pharmaceuticals
- Cosmetics
- Food and Beverage
- Animal Feed
By Distribution Channel
- Online
- Offline
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