Lecithin Market - Forecast(2023 - 2028)

According to WHO, estimated 2.8 million people are dying each year as a result of being overweight or obese.[1] 'Natural healthy fats' is a mega-trend engulfing majority of the share in food and beverage industry. Rising working class population amalgamated with health consciousness is attracting the consumers towards processed, convenient, and nutrition food. Extracted from natural sources such as soybeans, eggs, milk, marine sources, rapeseed, cottonseed, and sunflower, lecithin imparts virtuous traits as an emulsifier consisting of naturally occurring mixture of phospholipids, glycolipids, neutral lipids and sugars. This has led the lecithin market towards acquiring remarkable scope of applications in bakery and confectionery, pharmaceuticals, and dietary supplements. Leveraging the downstream sectors, developing a front dedicated to health-conscious consumers, the global lecithin market is valued at $860 million as of 2018.