PUBLISHER: The Business Research Company | PRODUCT CODE: 1270385
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270385
“Lecithin And Phospholipids Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lecithin and phospholipids market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lecithin and phospholipids ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The lecithin and phospholipids market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the lecithin and phospholipids market are Cargill Incorporated, The Archer-Daniels-Midland Company, DuPont de Nemours Inc., IMCD Group B.V., Bunge Limited, Stern-Wywiol Gruppe GmbH & Co. KG, Wilmar International Limited, Sonic Biochem Extraction Pvt Ltd., American Lecithin Co, VAV Life Sciences Pvt. Ltd., Kewpie Corporation, Lipoid GmbH, Lecital, Lasenor Emul S.L, Sun Nutrafoods, and Lecilite Ingredients Pvt. Ltd.
The global lecithin and phospholipids market is expected to grow from $1.53 billion in 2022 to $1.67 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The lecithin and phospholipids market is expected to grow to $2.30 billion in 2027 at a CAGR of 8.3%.
The lecithin and phospholipids market consists of sales of phosphatidyl choline, phosphatidyl ethanolamine, phosphatidyl inositol, phosphatidyl serine, phosphatidyl glycerol, and other lecithin and phospholipids. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The lecithin and phospholipids refer to the complex combination of phospholipids that are used as a versatile food additive that primarily serves as an emulsifier and dispersant.
Asia-Pacific was the largest region in the lecithin and phospholipids market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lecithin and phospholipids report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of lecithin and phospholipids are fluid, de-oiled and modified. The fluid lecithin and phospholipids refer to the naturally produced combination of phospholipids and other lipids, found at modest levels. The sources include soy, sunflower, rapeseed, egg and others. The different types of nature include GMO and non-GMO that are applied in feed, food, baked goods, confectionery products, convenience food, nutritional supplements, industrial, cosmetics, pharmaceuticals and others.
The increasing application within the bakery products, confectionery products, and food industry is expected to propel the growth of the lecithin and phospholipids market going forward. The use of lecithin and phospholipids in bakery, confectionery products, and the food business use to improve the quality of biscuits, wafers, and other bakery goods, along with the extensibility of gluten. It improve the elasticity and consistency of baking dough and make it easier to handle allowing less nutritious fats to be substituted without changing the texture of the food. For an instance, in July 2021, the according to the data published by LASENOR, an India-based, global, and innovative brand engaged in the manufacturing of food emulsifiers and lecithin, the lecithin employed in foodstuff for the food industry, recorded 36k tonnes of production in 2019, which increased to 54k tonnes in 2020. Therefore, the increasing application within the bakery products, confectionery products, and food industry is driving the growth of the lecithin and phospholipids market.
The development of methods for the production of lecithin and phospholipids from renewable sources, is a key trend gaining popularity in the lecithin and phospholipids market. Major players operating in the lecithin and phospholipids sector are focused on developing innovative methods for the production of lecithin and phospholipids from renewable sources, to sustain their position in the market. For an instance in April 2022, Louis Dreyfus Company, a Netherlands-based food, and beverages manufacturing company inaugurated its new soy liquid lecithin plant, which focused on the production of soy lecithin via the soybean processing method and lecithin refining operations along with a food-grade packaging line and canola oil distribution facility. The plant can process 1.75 lakh buses of soybeans per day.
In August 2020, Croda International Plc, a UK-based global specialty chemical manufacturer, acquired Avanti Polar Lipids for a deal of $ 260 million. The acquisition of Avanti Polar Lipid expands Croda's reach throughout the entire pharmaceutical product lifecycle, including early-stage R&D, clinical trials, analysis, and formulation, and provides Avanti's best-in-class expertise. Avanti Polar Lipids is a US-based manufacturer of phospholipids.
The countries covered in the lecithin and phospholipids market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The lecithin and phospholipids market research report are one of a series of new reports from The Business Research Company that provides lecithin and phospholipids market statistics, including lecithin and phospholipids industry global market size, regional shares, competitors with a lecithin and phospholipids market share, detailed lecithin and phospholipids market segments, market trends and opportunities, and any further data you may need to thrive in the lecithin and phospholipids industry. This lecithin and phospholipids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.