About Lecithin
Lecithin is a fat that is essential in the cells of the human body. It can be found in many foods such as egg yolks and soybeans. Lecithin is considered as a medicine and used in the manufacturing of medicines. It is used for treating memory disorders including Alzheimer’s and dementia disease. It is also used for treating gallbladder disease, a certain type of depressions, liver disease, high cholesterol, anxiety, and a skin disease called eczema. Some people apply lecithin to the skin as a moisturizer. Moreover, it is used as a food additive. It is used to keep certain ingredients from separating out. It is also used as an ingredient in some eye medicines.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lecithin market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (United States), Cargill Incorporated (United States), Thew Arnott Group (United Kingdom), AMERICAN LECITHIN COMPANY (United States), Swanson Health Sources (United States), NOW Foods (United States), Lipoid Gmbh (Germany), Lucas Meyer GMBH (Canada), DuPont (United States) and Bunge Limited. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Stern-Wywiol Gruppe Pvt. Ltd. (Germany), The American Lechitin Company. (United States), Sternchemie GmbH & Co. KG (Germany and Vav Life Sciences Pvt. Ltd (India).
Segmentation Overview
AMA Research has segmented the market of Global Lecithin market by , Application (Food, Feed, Nutrition & Supplements and Pharmaceuticals) and Region.
On the basis of geography, the market of Lecithin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Lecithin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Egg will boost the Lecithin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
The Rising Demand for Lecithin from Food Industry, The Growing Application of Lecithin in Supplement & Pharmaceutical Industry and Increasing Health Awareness among Consumers
Restraints:
Increasing Price Fluctuations of Oilseeds on account of drought and political instability
Opportunities:
The Emerging Demand from Developing Countries
Market Leaders and their expansionary development strategies
In September 2021, AAK has agreed a deal to purchase BIC Ingredients, the lecithin arm of BIC International Holding, significantly increasing its footprint in the European lecithin market and supporting its vision of becoming one of the world’s leading suppliers of speciality lecithin.
On 23 April 2019, VAV Life Sciences (India) is expanding its manufacturing capacity of pharmaceutical cGMP lecithins & phospholipids, within the 1st year of its commercial launch due to high demand from European customers. One of four such global producers, VAV is currently serving the markets of hepatoprotection & nootropic agents. The additional 100 tons per year capacity will support additional customers in North America. Lecithin & phospholipids have significant demand due to their GRAS status and well-established safety.
Key Target Audience
Lecithin Manufacturers, Lecithin Raw Material Suppliers, Lecithin Traders/Distributors, Lecithin Importer/Exporter, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.