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Lecithin Market Growth Prospects, Business Opportunities, Industry Trends and Forecast by 2024

Author : Rahul Sankrityayan | Published Date : 2019-06-04 

An analysis of Lecithin Market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

Increasing preference for incorporating naturally sourced ingredients in everyday consumables has enormously proliferated the lecithin market, owing to the extensive health benefits and blending properties of these substances. Usually obtained from eggs, soybeans or sunflower seeds, lecithin can function as an emulsifier and in different products can help in treating high cholesterol. The lecithin industry has been widely associated with developing processed food products, animal feed and pharmaceutical drugs. Soy derived lecithin, particularly, has been the leading lecithin product offering a flexible, multifunctional substance which is pertinent to a number of food and industrial sectors. Being recognized by international organizations and health authorities has further endorsed various applications of the lecithin market.

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The Food and Drug Administration (FDA) has specifically included lecithin on its list of Generally Recognized As Safe (GRAS) substances for directly adding to food and is also approved by the European Union as a food additive. Subsequently, the global lecithin market, which recorded earnings of over USD 1.65 billion in 2017, was dominated by the demand for soy lecithin which is highly suitable as a food stabilizer and an efficient source of energy. The product is very useful in stabilizing oily blends such as mayonnaise and ranch dressings, along with acting as a surfactant in processed food to allow substances to mix without clumps formation. Evidently, the lecithin industry will generate substantial remunerations from the food and beverage segment due to emulsifying property of the substance that permits consistent texture in diverse liquid-based products.

Ability of lecithin to boost bodily functions is also much hyped and has diverted tremendous attention towards the lecithin market, mostly for the efficient utilization of phospholipids present within the soy-derived substances. Researchers from Japan had proven that administration of fresh phospholipids could help to replace damaged cell membranes and reinstate the function and structure of cellular membrane, which is termed as lipid replacement therapy. The therapy has been efficacious in improving problems related to cases of fatigue, metabolic syndromes, diabetes symptoms and degenerative diseases. Lecithin is commonly found in body tissues and supplementing it through food items is certain to enhance deteriorating health conditions, denoting a critical value addition offered by the lecithin market.

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Rapeseed lecithin market share from cosmetic applications may account for over 10% of the total demand by 2024. This oil is widely used as a remedy for skin ailments as it acts as a rich source of vitamins E & K which reduces skin afflictions and aging signs like acne, fine lines, spots and wrinkles. It also contains anti-oxidant in good amount which protects the skin from oxygen free radicals thus, making it soft and nourished and enhance the overall product demand.

Egg yolk lecithin market demand was estimated at over USD 115 million in 2017. It constitutes 66% to 76% of phosphatidylcholine and is used to repair cell membranes. These product act as an emulsifier and is successful in mixing two immiscible liquids. Eggs are widely used in food products owing to its emulsifying properties in products like mayonnaise which aids to blend water and oil, thereby driving the product demand.

U.S. canola lecithin market demand may witness growth at over 4.5% over the forecast period. Increasing demand for various organic cosmetic products owing to several benefits may boost product demand in the region. Growing demand for various skincare products which includes creams, and lotions, may foster industry growth. The consumers are now focusing towards organic, ethical and vegan cosmetic products which may enhance market demand.

Germany egg yolk lecithin market size from food & beverages is anticipated to register gains around 2.5% by 2024. Increasing convenience of ready to eat products and changing food preferences coupled with low fat and organic baked products are predicted to provide a stimulus to the industry growth.

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Spain non-GMO based soy lecithin market size is poised to exceed USD 19 million in the near future. Lecithin in aquafeed improves survival rate of fish and improves growth rate. It reduces the leaching of water soluble nutrients and act as natural antioxidant and feed attractant which may increase the product demand.

China pharmaceutical applications in sunflower lecithin industry demand may exceed USD 3.4 million by the end of foreseeable timeframe. With government increasing investment in healthcare and R&D, China represents great opportunity for innovative products and technologies and collaboration between international and domestic pharmaceutical companies. It is used in the form of tablets for the treatment of disorders such as dementia in Alzheimer disease. It is also used for treating bladder disease and types of depression,  cholesterol and skin disease eczema, which may favor the industry growth.

ADM, SOYA, Bunge, Lekithos and Sun Nutrafoods are key industrial players in lecithin market. Strong R&D spending and new product launches may enhance the product portfolio, thereby stimulating the industry growth.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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