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Lecithin Market Size, Share and Industry Analysis Report by Source (Soy [GMO, Non-GMO], Rapeseed/Canola, Sunflower, Egg Yolk) and Application (Food & Beverages, Animal Feed, Industrial, Pharmaceutical, Cosmetics), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI2875
  • Published Date: Jul 2022
  • Report Format: PDF

Industry Overview

Lecithin Market size exceeded USD 2 Billion in 2021 and is estimated to grow at over 5.5% CAGR from 2022 to 2030. Increasing consumer inclination towards functional and fortified food products owing to the ongoing trend of a healthy lifestyle has positively influenced lecithin business during the forecasted timeframe.
 

Lecithin market outlook

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Lecithin is composed of phospholipids naturally derived from soy, sunflower, and rapeseed. The blending properties of lecithin propel its usage in the pharmaceutical, cosmetics, and food & beverage industries.
 

Food & beverage industry value had exceeded USD 8 trillion in 2020 with an inclination toward health beneficial and fortified foods, which has augmented the consumption of lecithin products. Further, the rising demand for ready-to-eat products along with changing dietary preference for low sugar, low fat, and organic baked products is expected to positively influence the business growth. Additionally, the rise in economic standards accompanied by technological innovations and new shopping trends in online retail as well as food services is likely to drive the industry’s growth.
 

Fast-paced lifestyle, growing urbanization, and increasing employment amongst women have enhanced the dependency on readymade and packaged foods thus propelling the consumption of lecithin. Favorable government regulations and protocols for phospholipids have boosted lecithin use in food application in the European region. Also, the rapid increase in cosmetic products and increasing disposable income in the U.S. accompanied by the demand for skin care products. The growing demand for natural products in skincare will foster the lecithin market statistics, as lecithin can be metabolized by humans and are non-toxic. Additionally, the shifting focus of manufacturers toward R&D activities to develop more efficient products and expand business in the potential application industry.
 

The COVID-19 outbreak has also affected business growth in its initial phase. Owing to severe lockdown and pause in the supply chain the lecithin market has faced a decline in growth all over the world. Also, the slowdown in the food & beverage sector post-pandemic has majorly impacted the demand for lecithin globally.
 

Growing utilization of soy lecithin as an emulsifier in several industries such as food, animal feed, and cosmetics will propel the product demand

Lecithin market by soy

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The lecithin market from soy is anticipated to cross USD 2.3 billion by 2030 owing to the increasing demand for soy lecithin in varied application areas. The beneficial properties of soy lecithin product help to improve cholesterol levels as well as it can reduce excess LDL cholesterol. Soy lecithin is extracted from raw soybeans and is used as an ingredient in food products and as a supplement to boost health. The shifting focus toward a healthy lifestyle coupled with increasing instances of critical diseases has augmented the demand for nutrient-rich food, beverages, and supplements, pushing manufacturers to use nutrient-rich and cost-effective products such as soy lecithin.
 

Non-GMO soy lecithin industry size from food & beverages applications is anticipated to register a CAGR of over 6% from 2022 to 2030. Non-GMO soy lecithin is prominently used as an emulsifier as well as a viscosity modifier, aerating agent, and lubricant in the food & beverage industry. As an emulsifier, lecithin maintains the stability between two unmixable liquids, decreasing the surface tension, and allowing them to mix & form a stable, heterogeneous dispersion. Non-GMO soy lecithin is widely used in food & beverage application for products such as ice creams, confectionery, beverage powders, and baking mixes. Rising utilization of non-GMO soy lecithin in ice cream to reduce iciness and slowdown of melting process is fostering market penetration.
 

The increasing growth of the pharmaceutical industry will drive the product demand in the Asia Pacific region

Lecithin market by region

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In terms of region, Asia Pacific has emerged as the largest and most influential market for lecithin products. The regional industry size for lecithin is projected to cross USD 1.4 billion by 2030. The Asia Pacific is one of the prominent producers of pharmaceutical ingredients with a share of around 45 to 45% in the global business, making it an important geographical area for lecithin manufacturers.
 

The rapidly booming population count of the region has contributed to the growth of pharmaceutical demand thus driving the consumption of lecithin products in the Asian countries. Additionally, the increasing R&D investments in pharmaceuticals besides the growing trend toward generic drug manufacturing have also propelled the growth of the lecithin market in the region. Also, the innovative health programs supported by government policies along with advancement in technology for medical devices shall augment the regional industry expansion.
 

New product development along with joint venture, acquisition, and expansion is among the primary business strategies adopted by manufacturers

Some of the key players in the lecithin industry include Archer Daniels Midland (ADM), Cargill, International Flavors & Fragrances (IFF), Bunge Limited, GIIAVA, Ruchi Soya, and Wilmar International. Other notable companies include Lipoid GmbH, American Lecithin Company (ALC), Thew Arnott & Co. Ltd., Sternchemie Gmbh & Co.KG, Sodrugestvo, DowDuPont, LEKITHOS, LECICO, and SOYA International. The key players in the market are mainly focusing on new product launches, new technologies, acquisitions, and expansion in developing and developed economies to capture a good business share.
 

In June 2021, Sternchemie has released SternPur S DH 50 – a hydrolyzed, de-oiled sunflower lecithin suitable for powdered ingredients, baked goods, and beverages. This new solution within the SternPur range is allergen-free, non-GMO, and marketed as the ideal alternative to artificial emulsifiers.
 

The lecithin market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in KiloTons and revenue in USD Million from 2022 to 2030 for the following segments:

By Source

  • Soy Lecithin
    • GMO soy lecithin
    • Non-GMO soy lecithin
  • Canola lecithin
  • Sunflower lecithin
  • Egg yolk lecithin

By Application

  • Food & Beverages
  • Animal feed
  • Pharmaceuticals
  • Cosmetics
  • Industrial

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Denmark
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE

 

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Global lecithin market size is slated to surpass USD 3.4 billion by 2030 and could witness more than 5.5% CAGR between 2022-2030.

It is estimated that lecithin market share from soy source will reach USD 2.3 billion by 2030 due to different benefits offered by the ingredient such as helping to improve cholesterol levels.

APAC lecithin industry share is anticipated to exceed USD 1.4 billion by 2030 due to the expanding pharmaceutical industry across developing countries.

Some of the leading lecithin industry players include Cargill, GIIAVA, DowDuPont, Sternchemie Gmbh & Co.KG, Wilmar International, American Lecithin Company (ALC), Ruchi Soya, and Archer Daniels Midland (ADM), among others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 24
  • Tables & Figures: 1081
  • Countries covered: 23
  • Pages: 410

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