Global Lecithin Market Report and Forecast 2024-2032

Global Lecithin Market Outlook

The global lecithin market reached a volume of 418.9 KMT in 2023. The market is estimated to grow at a CAGR of 3.8% during 2024-2032 to reach a volume of 584.6 KMT by 2032.

Key Takeaways

• With the growing demand for label-friendly functional ingredients, food and beverage manufacturers are utilising lecithin sourced from sunflower, rapeseed, and soy as alternatives to synthetic emulsifiers like mono and di-glycerides.

• Lecithin sourced from sunflower is allergen-free and inherently non-GMO.

• The stabilising properties of lecithin have increased its adoption in cosmetic products.

Lecithin enhances the blending and moisture retention in bakery products as well as improves the mouthfeel in dairy alternatives. Non-GMO liquid and powdered lecithin as well as organic and speciality lecithin solutions have found applications in confectioneries, bakery products, and infant nutrition.

In the pharmaceutical sector, lecithin finds application as an excipient. It acts as an emulsifier to stabilise combinations of liquids that are not soluble in one another. It also improves the bioavailability of lipid-soluble components. While powdered lecithin acts as a releasing agent in capsules and dispersing agent in oral tablets, liquid lecithin finds increased application in stabilising medicated creams, skin lotions, and ointments.

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Key Trends and Developments

Growing use of non-GMO lecithin; increasing demand from the cosmetic sector, and use in food applications are positively impacting the lecithin market growth

Global Lecithin Market Trends

Crude lecithin can be sourced as a by-product of vegetable oil production, reducing waste by utilising more of the original plant, and is increasingly being used in a variety of food products to improve shelf-stability while serving as a sustainable ingredient.

With the increasing inclination towards organic products, clean-label and traceable ingredients, the usage of non-GMO lecithin is surging, especially in Asia.

Moreover, manufacturers are attempting to develop lecithin with improved properties to ensure a better control over its physicochemical or organoleptic parameters during its production, which is likely to expand its usage in pharmaceuticals and animal feed applications, among others.

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Market Segmentation

“Global Lecithin Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Powdered form dominates the global lecithin market share

Powdered form acts as a releasing agent in capsules and a dispersing agent in oral tablets. In bakeries, powdered lecithin stabilises bread formation while in restaurants it enhances the texture of dressings and sauces. Easily miscible natural sunflower lecithin powder is an ideal substitute for artificial emulsifiers or chemically modified lecithin in oil-in-water emulsions.

Liquid lecithin is consumed to stabilise or emulsify mixtures with high-fat contents, especially in the cosmetics and confectionery sectors.

Granulated lecithin has a low-calorie count and is majorly added to low-carb items or instant food products. Lecithin granules are produced using special machinery so that they are high quality and can be easily incorporated into recipes.

Competitive Landscape

The key market players are increasingly transitioning to non-GMO lecithin, aided by the rising demand for clean label food products

Other notable players operating in the global lecithin market include Fismer Lecithin GmbH, Lecilite Ingredients Pvt Ltd, Lipoid GmbH, and Sternchemie GmbH & Co. KG, among others. The manufacturers are upgrading their product portfolios and incorporating the latest capabilities to innovate their offerings and meet the evolving demands of consumers.

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Global Lecithin Market Analysis by Region

In the Asia Pacific, the popularity of ready-to-eat foods, due to changing consumer lifestyles in countries like China and India, combined with rising consumer disposable income, fuel lecithin demand.  According to USDA, China, Japan, and India are witnessing a rise in consumption of baked goods, further increasing the demand for emulsifiers such as lecithin. Some of the key manufacturers of lecithin in the region include Bunge, Sonic Biochem, and GIIAVA.

In North America, the need for non-transgenic foods is raising the demand for non-GMO lecithin in natural ingredient-based food products. Large supermarket chains such as Walmart Inc, and The Kroger Co. offer organic lecithin products. The trend towards a cleaner food label drives the demand for natural speciality functional lecithin in bakery and confections.

Further, Latin America accounts for about 55% of the world’s soybean supply. The rising production of soybean due to favourable climatic conditions and rapid expansion of farmland is supporting the market for soy lecithin.

Key Highlights of the Report

Lecithin Market Report Snapshots

Lecithin Market Size

Lecithin Market Share

Lecithin Market Trends

Lecithin Companies

Lecithin Market Regional Analysis