Lecithin Market Worth $1,068.8 Million By 2030 | CAGR: 7.7%

May 2022 | Report Format: Electronic (PDF)

Lecithin Market Growth & Trends

The global lecithin market size is expected to reach USD 1,068.8 million by 2030, expanding at a CAGR of 7.7% from 2022 to 2030,  according to a new report by Grand View Research, Inc. The growth is majorly driven by rising demand for lecithin, which has compelled the end-use manufacturers to include it in their product formulations.

Growing demand for lecithin in the developed economies of North America and Europe, despite the high prices of the products, is estimated to offer various opportunities for natural ingredient manufacturers, thereby opening new avenues to market entrants. Companies operating in the product market can focus on expanding their production capacities and product offerings.

The products are majorly used in bakery applications and convenience foods, as well as in the confectionery and pharmaceutical industries. This depends on the various kinds of end-user applications and depends on the use in different applications. As global lifestyles are changing and rising disposable incomes are foreseen to boost the demand in the market.

The animal feed and functional food industries are the main consumers of lecithin. Therefore, changes, turmoil, and advances in these industries are expected to have a direct impact on the demand. The animal feed industry is one of the most affected sectors by the COVID-19 pandemic. In addition, the preventive shutdown of restaurants and the decrease in tourists have led to a sharp decline in meat and meat product consumption, which has had a significant impact on production, reducing livestock production and adding lecithin-containing feeds.


key Request a free sample copy or view report summary: Lecithin Market Report


Lecithin Market Report Highlights

  • The sunflower source segment is expected to witness a growth share of 9.5% during the forecast period.  This is because of the increased demand in the health food category due to the wide range of benefits the product offers, such as cognitive health, high antioxidants, blood pressure regulation, and arthritis relief

  • The convenience food segment has seen the highest growth rate in the end-user segment at 8.5%. This high rate is because of changing lifestyles coupled with the rising trend of on-the-go eating. In addition, the enhancement in wetting properties and dust control provided by lecithin is expected to have a positive impact

  • The powder form has witnessed a CAGR of 8.3% due to its advantages over the liquid form, such as its capacity to blend with all sets of ingredients. In addition, powdered form has a large area of application like pharmaceutical food & beverages, feed, personal care, and cosmetics, among others

  • Asia-Pacific emerged as one of the key regional markets with a CAGR of 9.2% due to the growing demand for lecithin from highly populated and developing countries, such as India and China. Additionally, rising consumer awareness about increasing cholesterol levels is foreseen to increase the demand in the region

Lecithin Market Segmentation

Grand View Research has segmented the global lecithin market report based on source, end-use, form, and region:

Lecithin Source Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

  • Soy

  • Sunflower

  • Rapeseed

  • Others

Lecithin End-use Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

  • Convenience Food

  • Bakery

  • Confectionary

  • Pharmaceutical

  • Personal Care And Cosmetics

  • Animal Feed

  • Other Industrial

  • Others

Lecithin Form Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

  • Liquid

  • Powder

  • Granules

Lecithin Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Central & South America

    • Brazil

  • Middle East & Africa

List of Key Players in the Lecithin Market

  • Cargill, Inc.

  • ADM

  • Lipoid GmbH

  • Bunge Limited

  • American Lecithin Company

  • Global River Food Ingredients

  • DuPont de Nemours, Inc.

  • Stern-Wywiol Gruppe GmbH & Co. KG

  • Haneil Soyatech Pvt. Ltd.

  • NOW Foods

  • Thew Arnott & Co. Ltd.

  • GIIAVA

  • AKK Soya International

  • Imcopo Food Ingredients B.V.

  • Sun Nutrafoods

  • Lasenor EMUL., S.L.

  • Sime Darby Unimills B.V.

  • LECICO GmbH

  • Wilmar International Ltd.

  • Yugen Chemicals

  • Barentz

  • Tianjin Hexiyuan Lecithin Technology Co., Ltd.

  • Orison Chemicals Limited

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.