Lecithin Market
Global Lecithin Market Size, Share and Trends Analysis Report, By Source (Soya, Rapeseed/Canola, Sunflower, and Egg Yolks), By Type (Thiamine (b1), Riboflavin (B2), Niacin (B3), Pantothenic (B5), Pyridoxine (B6), Biotin, Folic Acid and Cobalamin (B12), By Application (Pharmaceuticals, Cosmetics, Food and Beverage, and Animal Feed), By Distribution Channel (Online and Offline), Forecast 2022-2028
The global lecithin market is anticipated to grow at a significant CAGR of 5.7% during the forecast period. The rising occurrences of lifestyle-related disorders, such as cardiovascular diseases, illness, vision loss, and diabetes, have fueled the consumer requirement for nourishment enriches food ingredients, which include lecithin. Lecithin can be categorized as a yellow tarnish greasy substance present in the animal and plant tissues and is widely utilized for smoothing food, homogenizing fluid blends, and dissolving powders. Lecithin is broadly used among various end-user verticals, such as animal feed, and pharmaceuticals, as it assists in the treatment of infections identified with neurological turmoil, liver, and cholesterol level. Expanding inclination toward low-fat food and rising consumption of food at home especially after the COVID-19 pandemic, in different regions is the major factor expected to drive the development of the global lecithin market during the gauge time frame. For instance, as per the US Department of Agriculture Economic Research Service, in 2020 food-at-home spending increased from $808 billion in 2019 to $876.8 billion in 2020, while food-away-from-home spending decreased from $978.2 billion in 2019 to $813.4 billion in 2020. Hence, the rising concern towards healthy food and increasing spending on food-at-home leads to the growth of the global lecithin market during the forecast period.
Segmental Outlook
The global lecithin market is segmented based on source, type, application, and distribution channel. Based on the source, the market is segmented into soya, rapeseed/ canola, sunflower, and egg yolks. Based on type, the market is segmented into thiamine (b1), riboflavin (b2), niacin (b3), pantothenic (b5), pyridoxine (b6), biotin, folic acid, and cobalamin (b12). Based on application, the market is segmented into pharmaceuticals, cosmetics, food and beverage, and animal feed industries. Based on distribution channel the market is segmented into online and offline. Based on the distribution channel, the offline distribution channel holds a potential share in the market. The presence of various key supermarkets and hypermarkets such as Walmart, D-mart, and others provides a variety of food supplements and nourishment rice ingredients such as lecithin. Hence, the rising number of such outlets leads to an increase in the demand for offline channel segments in the global lecithin market.
Thiamine (b1) Segment Witnessed a Potential Growth During the Forecast Period
The major driving factor contributing to the growth of thiamine (b1) is the rising incidence of weight loss, memory loss, weak muscles, and cardiovascular diseases in the body. Thiamine (b1) is an essential nutrient to the body, supporting the increase and sustaining of energy, elevating focus, reducing stress, and transforming carbohydrates into glucose used for fuel. According to a fact sheet published by the Office of Dietary Supplements (ODS) in March 2021, the World Health Organization recommends daily oral doses of 10 mg of thiamin for a week, followed by 3–5 mg/daily for at least 6 weeks, to treat mild thiamin deficiency. New product developments and launches by market players are further aid in market growth. For instance, in February 2021, Hikma Pharmaceutical PLC launched Thiamine Hydrochloride Injection, for the treatment of thiamine deficiency or beriberi. It is majorly used to treat both the dry and wet symptoms related to cardiovascular diseases. Hence, owing to its various advantages, along with new launches introduced by a key market player contributes to the market growth.
Regional Outlook
The global lecithin market is further segmented based on geography including North America (The US, and Canada), Europe (Italy, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Asia-Pacific is observed to be the fastest growing region in the global lecithin market. The growth of the region is mainly attributed owing to the huge population base, increasing aged population, and the rising consciousness for well-being.
Global Lecithin Market Growth, by Region 2021-2028
North America Region is Anticipated to Grow at the Fastest Rate During the Forecast Period
North America is estimated to witness significant growth during the forecast period, owing to increasing demand for dietary supplements such as lecithin, and vitamins in the region. As per the American Botanical Council, sales of herbal dietary supplements in the US surpassed 10 billion in 2020. Consumers in the US spent $1.6 billion more on herbal supplements in 2020 than in 2019, which is more than the annual spending increases from 2017 to 2018 and 2018 to 2019 combined. Increasing health consciousness leads to higher demand for dietary supplements, which in turn, contributes to the growth of the market in the North American region.
Market Players Outlook
The major companies operating in the global lecithin market include Archer Daniels Midland Co., Lipoid GmbH, DuPont de Nemours Inc., Cargill Inc., and the Wilmar Group. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in June 2021, Sternchemie launched SternPur S DH 50- a hydrolyzed, de-oiled sunflower lecithin suitable for powdered ingredients, baked goods, and beverages. This new solution is allergen-free, non-GMO, and used as the ideal alternative to artificial emulsifiers. The solution can readily form aggregates “micelles” in a watery environment. This sunflower lecithin has the potential to improve the digestibility and bioavailability of fat-soluble nutrients.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global lecithin market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Lecithin Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Archer Daniels Midland Co.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Lipoid GmbH
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. DuPont de Nemours, Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Cargill Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. The Wilmar Group
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Lecithin Market by Source
4.1.1. Soya
4.1.2. Rapeseed/ Canola
4.1.3. Sunflower
4.1.4. Egg Yolks
4.2. Global Lecithin Market by Type
4.2.1. Thaimine (B1)
4.2.2. Riboflavin (B2)
4.2.3. Niacin (B3)
4.2.4. Pantothenic (B5)
4.2.5. Pyridoxine (B6)
4.2.6. Biotin
4.2.7. Folic Acid
4.2.8. Cobalamin (B12)
4.3. Global Lecithin Market by Application
4.3.1. Pharmaceuticals
4.3.2. Cosmetics
4.3.3. Food and Beverage
4.3.4. Animal Feed
4.4. Global Lecithin Market by Distribution Channel
4.4.1. Online
4.4.2. Offline
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. American Lecithin Co.
6.2. Anhui ZC Lecithin Sci-Tech Co., Ltd.Zc Lecithin
6.3. Giiava
6.4. Lasenor Emul, S.L.
6.5. Lecico Gmbh
6.6. Now Health Group Inc.
6.7. Soya International
6.8. Spectrum Chemical
6.9. Sternchemie Gmbh & Co. Kg
6.10. Thew Arnott
6.11. Vav Life Sciences
1. GLOBAL LECITHIN MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
2. GLOBAL SOYA LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL RAPESEED/ CANOLA LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL SUNFLOWER LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL EGG YOLKS LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL LECITHIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
7. GLOBAL THAIMINE (B1) LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL RIBOFLAVIN (B2) LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL NIACIN (B3) LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PANTOTHENIC (B5) LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PYRIDOXINE (B6) LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL BIOTIN, FOLIC ACID AND COBALAMINS (B12) LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL LECITHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
14. GLOBAL LECITHIN FOR PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL LECITHIN FOR COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL LECITHIN FOR FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL LECITHIN FOR ANIMAL FEED INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL LECITHIN MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
19. GLOBAL ONLINE DISTRIBUTION CHANNEL FOR LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL OFFLINE DISTRIBUTION CHANNEL FOR LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL LECITHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22. NORTH AMERICAN LECITHIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. NORTH AMERICAN LECITHIN MARKET RESEARCH AND ANALYSIS BY SOURCE,2021-2028 ($ MILLION)
24. NORTH AMERICAN LECITHIN MARKET RESEARCH AND ANALYSIS BY TYPE,2021-2028 ($ MILLION)
25. NORTH AMERICAN LECITHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. NORTH AMERICAN LECITHIN MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
27. EUROPEAN LECITHIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. EUROPEAN LECITHIN MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
29. EUROPEAN LECITHIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
30. EUROPEAN LECITHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
31. EUROPEAN LECITHIN MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL,2021-2028 ($ MILLION)
32. ASIA-PACIFIC LECITHIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC LECITHIN MARKET RESEARCH AND ANALYSIS BY SOURCE,2021-2028 ($ MILLION)
34. ASIA-PACIFIC LECITHIN MARKET RESEARCH AND ANALYSIS BY TYPE,2021-2028 ($ MILLION)
35. ASIA-PACIFIC LECITHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION,2021-2028 ($ MILLION)
36. ASIA-PACIFIC LECITHIN MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
37. REST OF THE WORLD LECITHIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
38. REST OF THE WORLD LECITHIN MARKET RESEARCH AND ANALYSIS BY SOURCE,2021-2028 ($ MILLION)
39. REST OF THE WORLD LECITHIN MARKET RESEARCH AND ANALYSIS BY TYPE,2021-2028 ($ MILLION)
40. REST OF THE WORLD LECITHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION,2021-2028 ($ MILLION)
41. REST OF THE WORLD LECITHIN MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL ,2021-2028 ($ MILLION)
1. GLOBAL LECITHIN MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
2. GLOBAL SOYA LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL RAPESEED/ CANOLA LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL SUNFLOWER LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL EGG YOLKS LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL LECITHIN MARKET SHARE BY TYPE, 2021 VS 2028 (%)
7. GLOBAL THIAMINE (B1) LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL RIBOFLAVIN (B2) LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL NIACIN (B3) LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL PANTOTHENIC (B5) LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL PYRIDOXINE (B6) LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL BIOTIN, FOLIC ACID AND COBALAMINS (B12) LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL LECITHIN MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
14. GLOBAL LECITHIN FOR PHARMACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL LECITHIN FOR COSMETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL LECITHIN FOR FOOD AND BEVERAGES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL LECITHIN FOR ANIMAL FEED INDUSTRIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL LECITHIN MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
19. GLOBAL ONLINE DISTRIBUTION CHANNEL FOR LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL OFFLINE DISTRIBUTION CHANNEL FOR LECITHIN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. US LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
22. CANADA LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
23. UK LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
24. FRANCE LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
25. GERMANY LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
26. ITALY LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
27. SPAIN LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF EUROPE LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
29. INDIA LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
30. CHINA LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
31. JAPAN LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
32. SOUTH KOREA LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF ASIA-PACIFIC LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD LECITHIN MARKET SIZE, 2021-2028 ($ MILLION)
