Global Lecithin Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Lecithin Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The Lecithin Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global lecithin supplement market report has been segmented on the basis of source, application, and region.

Lecithin Market Overview:

The Lecithin Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.

Lecithin is an essential fat that is required for the cells of the body. It is obtained from sources like soybeans, egg yolk, sunflower, etc. lecithin is used for treating memory disorders such as Alzheimer’s disease, dementia, and other diseases related to liver, gallbladder, high cholesterol, skin, and anxiety.

It is used majorly in the food & beverages, pharmaceutical, and cosmetic industry.

The abundant availability of raw materials along with growing demand for end-use industries is expected to fuel the market growth over the forecast period.

Emulsifying properties of lecithin are expected to have a positive impact on market growth. Growing demand for lecithin in the food industry as it is used as a food additive which is expected to drive the market.

Soybean is expected to be the largest source segment and is expected to maintain its dominance over the forecast period. Abundant availability and low prices of soybean lecithin are expected to drive the market.

Soybean lecithin is used as an emulsifier in various applications such as feed, food, cosmetics, paints, pharmaceuticals, plastics, and others.

The animal feed application segment is expected to be the largest application segment. Lecithin improves the properties of feed provided for animals and also helps in maintaining the health of the animals.

The confectionery market is expected to grow over the period owing to the rise in demand for products with high-quality natural ingredients.

Europe is expected to be the largest region and is expected to maintain its dominance in the global market. Growing consumption of nutritional supplements and healthy foods is anticipated to drive the market in the region.

The Asia Pacific is expected to be the fastest-growing region on account of growing demand in India and China.

The growing demand for bakery and confectionery products in the region is expected to have a positive impact on the market growth.

Market segmentation and key players operating in the global market:

Global Lecithin Market segmentation, by source:

• Sunflower
• Soybean
• Rapeseed
• Others

Global Lecithin Market segmentation, by application:

• Animal feed
• Pharmaceuticals
• Confectionery
• Bakery
• Industrial
• Others

Global Lecithin Market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa