The global lecithin market is estimated at the value of US dollar 1.09 billion in 2019 and it is estimated to reach US Dollar 1.80 billion by 2028 at estimated CAGR of six percent during the forecast period of 2019-2028. The changing habits of food and the increase in per capita income are the driving factors that are expanding the packaged and processed food industry, which is estimated to profit the lecithin market.

Top Driver: Robust Demand for Fit Lifestyle with Price Effective Commodities

The increase in the attention towards a healthy and fit lifestyle is a top driver that demands the supplements, beverages, and the nutrient-rich food expected to make companies develop nutrient-rich and the price effective commodities like the soy lecithin. Soy is considered as the main driver in the global lecithin market. It is due to the sufficient availability and low pricing. The food and the non-food segments are the areas that are estimated to profit the market globally.

Soy Segment to Make Crucial Contribution to Growth of Global Lecithin Market

SSoy segment is projected to dominate the lecithin market throughout the forecast period. Soy segment is expected to dominate the lecithin in terms of value. The better extraction process of the soy-derived ingredients compared to the sunflower derived ingredients, not to mention the wide availability of the soy in many countries, are the key drivers and the factors that are supporting the dominant nature of the soy sourced lecithin

The segment of the sunflower, rapeseed segment in the lecithin market is expected to maintain the high CAGR during the forecast period.

 Rising Investments in Global Lecithin Market and Research to Benefit North America Market and Asia Pacific

In North America, lies the largest global lecithin markets, whereas the Asia Pacific is the fastest-growing market that is projected to dominate the lecithin during the forecast period. In the global lecithin market, Asia Pacific is projected to be the most important region in terms of value and the volume between the Years 2019-2028. This region comprises China, India, South Korea, and Japan, which occupy a major share of the worldwide lecithin markets. A rise in the processed and the food production and the innovations in the segment like meat, dairy, and bakery or confectionery products drives the demand for the lecithin in the Asia Pacific countries. The processed grocery store within the Asia Pacific is currently undergoing a major transformation in response to the rapid urbanization and a rise within the inclination of the consumers towards the food products with the low fat and the natural ingredients. These factors are expected to make potential opportunities for the lecithin because it could be a natural ingredient with multi functionalities in the food products. The Asia Pacific offers opportunities to the manufacturers and the suppliers of the lecithin. Asia Pacific is witnessing significant growth due to the increasing R&D and the increased investments processing facilities. Due to the significant greater demand than many other regions, the demand for the lecithin is expected to increase during the forecast period.

Players to Focus on Expanding Applications in Food and Beverage Sector

The global lecithin market is witnessing high competition with a considerable number of the regional level and the global players. The 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 the beverage sector.

Cargill brand offers the wide range of the lecithin products in the market for food, industry and the health care. This brand offers the guarantee for the safety of the food and the quality of the fluid, de-oiled and fractionated lecithin products.

Lipoid brand has more than thirty years of experience in the advancement, large scale manufacturing of the highest quality manufactured lecithin that meets the requirements of the different industries including the pharmaceuticals, cosmetics and the dietetics. The lecithin obtained from rapeseed & sunflower does not require the allergic labeling.

Scope of the report

By type

• Fluid
• De-oiled
• Modified

By application

• Food
• Supplements
• baked goods
• confectionery products
• convenience food
• others
• industrial
• health care

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.