Global Lecithin Market Size, Share, And Trends By Source (Soy, Sunflower, Egg, And Others), By Application (Food, Feed, Pharmaceuticals, And Others), By Form (Powdered, Granulated, And Liquid) And Geography - Forecasts From 2019 To 2024

Lecithin is a multi-purpose food ingredient which functions as an emulsifier and dispersing agent. Its surface-active property enables it to interact well with other substances in food such as carbohydrates and proteins The global lecithin market is expected to have a significant growth due to the rise in demand for lecithin from various end-use industries such as food & beverage, pharmaceuticals and cosmetic industry. There is a trend of consumption of natural ingredients such as lecithin which is expected to drive the market growth. However, common side effects of excess consumption like nausea, diarrhea and environmental threats of genetically modified food can hamper the market growth.

By source, soy segment is expected to have a significant market share due to the easy availability of soybean and cost-effective extraction process. By application, the healthcare segment is estimated to have a considerable market growth rate due to the rise in demand for natural ingredients and rising health concern. By geography, the Asia Pacific region is expected to have a significant market shared due to a rise in export opportunity from countries such as India to the European market.

DRIVERS

The rise in demand from various end-use industries

Growth in demand for natural food additives

RESTRAINTS

Environmental threats related to genetically modified food

Side effects of excess consumption

INDUSTRY UPDATE

In July 2017, Oilseed and protein specialist Avril acquired French experts in lecithins and phospholipids Novastell in a bid to bolster its ingredients portfolio.

Global agribusiness and food company Bunge’s Lecithin & Specialty Ingredients (SLI) division signed a European distribution agreement on 9 May 2017 with chemical and ingredient distributor Univar Netherlands BV.Under the agreement, Univar will distribute Bunge’s BungeMaxx lecithin brand to seven European countries, including Switzerland, the UK, Ireland, Italy, Denmark, Norway and Sweden.

SEGMENTATION

The global lecithin market has been analyzed through the following segments:

By source

Soy

Sunflower

Egg

Others

By application

Food

Feed

Pharmaceuticals

Others

By form

Powdered

Granulated

Liquid

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others