Summary
Lecithin Market Research Report By Form (Powder, Granules, and Liquid), By Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care & Cosmetics, and Others), By Type (Conventional, Organic), and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) Forecast to 2034
Overview of the Market
Over the course of the projected period, the lecithin market industry is anticipated to grow at a CAGR (growth rate) of approximately 9.41%.
Numerous significant trends that represent changing consumer tastes and health consciousness are being observed in the global lecithin market. The growing demand for natural and non-GMO food additives is one of the main factors propelling the market. Organic lecithin is becoming more and more popular as people learn about the advantages of clean-label products. This trend is in line with worldwide pushes for sustainability and better eating habits. The growth of the plant-based food industry is another trend that is encouraging the usage of lecithin from sunflower, soy, and other plant sources. In North America and Europe, where vegetarian and vegan diets are becoming more and more popular, this trend is especially noticeable. Lecithin plays a crucial function in plant-based and dairy substitute products as an emulsifier, stabilizer, and texturizer.
Market Segments Insight
The global lecithin market is divided into three segments based on form: powder, granules, and liquid.
The global lecithin market is divided into two segments based on type: conventional and organic.
The Global Lecithin Market is divided into four segments based on application: Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals & Nutraceuticals, and Others.
Regional Perspectives
In the booming North American market, lecithin has established a sizable niche. The lecithin market in North America is expected to grow further due to a thriving food and beverage sector, as well as customer demand for natural ingredients and health-conscious options. Innovation and applications with a health focus drive the larger and more dynamic US market. In this case, lecithin enables producers to produce novel food and drink options with appealing textures, maybe lower fat content, and makes it easier to produce creamy plant-based substitutes.
In the ever-changing European market, lecithin has become a necessary component. The European lecithin market is mostly driven by the continent's rich culinary legacy and consumers' preference for natural ingredients, in contrast to North America's emphasis on dietary supplements. The European Lecithin Manufacturers Association (ELMA) demonstrated this by taking action after learning of a problem with peanut protein found in soybean lecithin imported from India. The RASFF system was used to report this problem.
With the biggest market share worldwide, the lecithin market in Asia Pacific is the most dominant. This dominance results from a special combination of elements that make lecithin ideal for a wide range of uses.
The market for lecithin in South America is expanding significantly due to increased demand from a variety of industries, such as food and beverage, pharmaceuticals, and cosmetics. A natural emulsifier made from soybeans, sunflower seeds, and eggs, lecithin has become a crucial component because of its many uses, which improve product smoothness, moisture retention, and shelf life.
Important Players
Orison Chemicals Limited, DuPont, American Lecithin Company, Haneil Soyatech, ADM, Shaneil Soyate, NOW Foods, Cargill, Lipoid, Bunge, and Thew Arnott are important players in the lecithin market.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ................................................................................................................................. 21
2 MARKET INTRODUCTION ............................................................................................................................. 23
2.1 DEFINITION ................................................................................................................................................................. 23
2.2 SCOPE OF THE STUDY ................................................................................................................................................ 23
2.3 RESEARCH OBJECTIVE ............................................................................................................................................... 23
2.4 MARKET STRUCTURE ................................................................................................................................................. 24
3 RESEARCH METHODOLOGY ........................................................................................................................ 25
3.1 OVERVIEW 25
3.2 DATA FLOW ................................................................................................................................................................. 27
3.2.1 DATA MINING PROCESS ................................................................................................................................. 28
3.3 PURCHASED DATABASE: ........................................................................................................................................... 29
3.4 SECONDARY SOURCES: ............................................................................................................................................ 30
3.4.1 SECONDARY RESEARCH DATA FLOW: ............................................................................................................. 31
3.5 PRIMARY RESEARCH: ................................................................................................................................................. 31
3.5.1 PRIMARY RESEARCH DATA FLOW: ................................................................................................................. 33
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED ......................................................................... 34
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE .................................................................................................. 34
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ....................................................................................................... 35
3.6.1 REVENUE ANALYSIS APPROACH ..................................................................................................................... 35
3.7 DATA FORECASTING .................................................................................................................................................. 36
3.7.1 DATA FORECASTING TECHNIQUE .................................................................................................................... 36
3.8 DATA MODELING ........................................................................................................................................................ 37
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ............................................................................................................ 37
3.8.2 DATA MODELING: ........................................................................................................................................... 37
3.9 TEAMS AND ANALYST CONTRIBUTION ..................................................................................................................... 39
40
4 MARKET DYNAMICS ...................................................................................................................................... 41
1.1 INTRODUCTION ................................................................................................................................................................ 41
4.3 DRIVERS 42
4.3.1 INCREASING DEMAND FOR DIETARY SUPPLEMENTS ....................................................................................... 42
4.3.2 RISING DEMAND IN THE BAKED GOODS AND CONFECTIONERY SECTOR ........................................................... 42
4.4 RESTRAINTS ................................................................................................................................................................ 43
4.4.1 INCREASING COST OF RAW MATERIAL ............................................................................................................ 43
4.4.2 POTENTIAL ALLERGIC REACTIONS .................................................................................................................. 44
4.4.3 STRINGENT REGULATIONS IN FOOD AND PHARMACEUTICALS SECTOR ........................................................... 44
4.5 OPPORTUNITIES ......................................................................................................................................................... 45
4.5.1 THE INCREASING RESEARCH INTO THERAPEUTICS APPLICATIONS OF LECITHIN ............................................. 45
4.5.2 INNOVATION IN LECITHIN DERIVATIVES ......................................................................................................... 46
5 MARKET FACTOR ANALYSIS ........................................................................................................................ 47
5.1.1 VALUE CHAIN ANALYSIS ................................................................................................................................ 47
5.1.2 RAW MATERIAL SUPPLIERS ............................................................................................................................ 47
5.1.3 EXTRACRION AND REFINING ........................................................................................................................... 48
5.1.4 MANUFACTURING AND PACKAGING ............................................................................................................... 49
5.1.5 DISTRIBUTION CHANNEL&SALES .................................................................................................................... 49
5.1.6 END USER ...................................................................................................................................................... 50
5.2 PORTER’S FIVE FORCES MODEL ................................................................................................................ 51
5.2.1 BARGAINING POWER OF SUPPLIERS ............................................................................................................... 51
5.2.2 BARGAINING POWER OF BUYERS .................................................................................................................... 52
5.2.3 THREAT OF NEW ENTRANTS ........................................................................................................................... 52
5.2.4 THREAT OF SUBSTITUTES .............................................................................................................................. 53
5.2.5 INTENSITY OF RIVALRY .................................................................................................................................. 54
5.3. IMPACT ANALYSIS OF COVID-19 ON LECITHIN ................................................................................................ 54
5.3.1. IMPACT ON DEMAND ..................................................................................................................................... 54
5.3.2. IMPACT ON PRCINING .................................................................................................................................... 55
5.3.3. IMPACT ON KEY PLAYERS .............................................................................................................................. 55
6 GLOBAL LECITHIN MARKET, BY SOURCE ................................................................................................. 56
6.1 OVERVIEW 56
6.2 SOY 57
6.3 EGG 58
6.4 SUNFLOWER ............................................................................................................................................................... 58
6.5 RAPESEED 59
7 GLOBAL LECITHIN MARKET, BY FORM ....................................................................................................... 61
7.1 OVERVIEW 61
7.2 POWDER 62
7.3 GRANULES .................................................................................................................................................................. 63
7.4 LIQUID 63
8 GLOBAL LECITHIN MARKET, BY TYPE ........................................................................................................ 65
8.1 OVERVIEW 65
8.2 CONVENTIONAL ......................................................................................................................................................... 66
8.3 ORGANIC 67
9 GLOBAL LECITHIN MARKET, BY APPLICATION .......................................................................................... 69
9.1 OVERVIEW 69
9.2 FOOD AND BEVERAGE ............................................................................................................................................... 70
9.3 PHARMACEUTICALS & NUTRACEUTICALS ............................................................................................................... 71
9.4 PERSONAL CARE & COSMETICS ............................................................................................................................... 72
9.5 OTHER 73
10 GLOBAL LECITHIN MARKET, BY REGION ................................................................................................... 74
10.1 OVERVIEW 74
10.2 NORTH AMERICA ........................................................................................................................................................ 75
10.3 EUROPE 76
10.4 ASIA PACIFIC ............................................................................................................................................................... 76
10.5 SOUTH AMERICA ........................................................................................................................................................ 77
10.6 MIDDLE EAST & AFRICA ............................................................................................................................................. 78
11 COMPANY LANDSCAPE ................................................................................................................................ 140
1.1. OVERVIEW 140
1.2. COMPETITIVE BENCHMARKING ................................................................................................................................ 140
1.3. KEY PLAYERS MARKET SHARE ANALYSIS ................................................................................................................. 141
1.3.1. GLOBAL LECITHIN MARKET, 2023 (%) ............................................................................................................. 141
1.4. KEY DEVELOPMENT IN THE GLOBAL LECITHIN MARKET ......................................................................................... 142
1.4.1. ACQUISITION ................................................................................................................................................. 142
1.4.2. PARTNERSHIP ................................................................................................................................................ 142
12 COMPANY PROFILES .................................................................................................................................... 143
12.1 ORISON CHEMICALS LIMITED ................................................................................................................................... 143
12.1.1 COMPANY OVERVIEW ..................................................................................................................................... 143
12.1.2 FINANCIAL OVERVIEW .................................................................................................................................... 144
12.1.3 PRODUCTS OFFERED ...................................................................................................................................... 144
12.1.4 KEY DEVELOPMENTS ..................................................................................................................................... 145
12.1.5 SWOT ANALYSIS ............................................................................................................................................ 145
12.1.6 KEY STRATEGY ............................................................................................................................................... 145
12.2 CARGILL 146
12.2.1 COMPANY OVERVIEW ..................................................................................................................................... 146
12.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 146
12.2.3 PRODUCTS OFFERED ...................................................................................................................................... 146
12.2.4 KEY DEVELOPMENTS ..................................................................................................................................... 147
12.2.5 SWOT ANALYSIS ............................................................................................................................................ 147
12.2.6 KEY STRATEGY ............................................................................................................................................... 148
12.3 ADM 148
12.3.1 COMPANY OVERVIEW ..................................................................................................................................... 148
12.3.2 FINANCIAL OVERVIEW .................................................................................................................................... 149
12.3.3 PRODUCTS OFFERED ...................................................................................................................................... 149
12.3.4 KEY DEVELOPMENTS ..................................................................................................................................... 149
12.3.5 SWOT ANALYSIS ............................................................................................................................................ 150
12.3.6 KEY STRATEGY ............................................................................................................................................... 150
12.4 LIPOID GMBH .............................................................................................................................................................. 150
12.4.1 COMPANY OVERVIEW ..................................................................................................................................... 150
12.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 151
12.4.3 PRODUCTS OFFERED ...................................................................................................................................... 151
12.4.4 KEY DEVELOPMENTS ..................................................................................................................................... 152
12.4.5 SWOT ANALYSIS ............................................................................................................................................ 152
12.4.6 KEY STRATEGY ............................................................................................................................................... 152
12.5 AMERICAN LECITHIN COMPANY ............................................................................................................................... 153
12.5.1 COMPANY OVERVIEW ..................................................................................................................................... 153
12.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 153
12.5.3 PRODUCTS OFFERED ...................................................................................................................................... 153
12.5.4 KEY DEVELOPMENTS ..................................................................................................................................... 154
12.5.5 SWOT ANALYSIS ............................................................................................................................................ 154
12.5.6 KEY STRATEGY ............................................................................................................................................... 154
12.6 BUNGE 154
12.6.1 COMPANY OVERVIEW ..................................................................................................................................... 154
12.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 155
12.6.3 PRODUCTS OFFERED ...................................................................................................................................... 156
12.6.4 KEY DEVELOPMENTS ..................................................................................................................................... 156
12.6.5 SWOT ANALYSIS ............................................................................................................................................ 157
12.6.6 KEY STRATEGY ............................................................................................................................................... 157
12.7 THEWARNOTT ............................................................................................................................................................. 158
12.7.1 COMPANY OVERVIEW ..................................................................................................................................... 158
12.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 158
12.7.3 PRODUCTS OFFERED ...................................................................................................................................... 158
12.7.4 KEY DEVELOPMENTS ..................................................................................................................................... 159
12.7.5 SWOT ANALYSIS ............................................................................................................................................ 159
12.7.6 KEY STRATEGY ............................................................................................................................................... 159
12.8 SUN NUTRAFOODS .................................................................................................................................................... 159
12.8.1 COMPANY OVERVIEW ..................................................................................................................................... 159
12.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 160
12.8.3 PRODUCTS OFFERED ...................................................................................................................................... 160
12.8.4 KEY DEVELOPMENTS ..................................................................................................................................... 160
12.8.5 SWOT ANALYSIS ............................................................................................................................................ 160
12.8.6 KEY STRATEGY ............................................................................................................................................... 161
12.9 HANEIL SOYATECH ..................................................................................................................................................... 161
12.9.1 COMPANY OVERVIEW ..................................................................................................................................... 161
12.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 162
12.9.3 PRODUCTS OFFERED ...................................................................................................................................... 162
12.9.4 KEY DEVELOPMENTS ..................................................................................................................................... 162
12.9.5 SWOT ANALYSIS ............................................................................................................................................ 162
12.9.6 KEY STRATEGY ............................................................................................................................................... 163
12.10 NOW FOODS ............................................................................................................................................................... 163
12.10.1 COMPANY OVERVIEW ..................................................................................................................................... 163
12.10.2 FINANCIAL OVERVIEW .................................................................................................................................... 164
12.10.3 PRODUCTS OFFERED ...................................................................................................................................... 164
12.10.4 KEY DEVELOPMENTS ..................................................................................................................................... 164
12.10.5 SWOT ANALYSIS ............................................................................................................................................ 164
12.10.6 KEY STRATEGY ............................................................................................................................................... 164
