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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Lecithin Market Size
The global lecithin market size 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.
Lecithin Market Report Snapshots
Lecithin Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a volume of 418.9 KMT in 2023.
The market is estimated to grow at a CAGR of 3.8% during 2024-2032
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 584.6 KMT by 2032.
The key market drivers are increasing application of lecithin in foods and pharmaceuticals, and regulations supporting the use of lecithin.
The key market trends are growing demand for non-GMO lecithin and rising innovations around lecithin applications.
The key markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various end uses of lecithin include food and beverages, animal feed, personal care and cosmetics, and pharmaceuticals, among others.
The key players in the market include Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, Caldic B.V., Fismer Lecithin GmbH, Lecilite Ingredients Pvt Ltd, Lipoid GmbH, and Sternchemie GmbH & Co. KG, among others.
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