Global Lecithin Market to Grow at a CAGR of 3.8% During 2024-2032, Driven by Its Rising use in End Use Markets

Lecithin's stabilising and beautifying properties are increasing its demand in the skincare and cosmetic sectors, driving the lecithin market growth. Changing beauty standards and health awareness have increased consumer's attention towards self-care. Consumers are increasingly opting for clean-label skincare products. The use of high-quality lecithin that meets the criteria for clean labelling is thus rising.

There is a rising demand for vegan products among consumers. The use of organic and plant-based lecithin in food additives can help producers attract potential vegan customers. Animal-based lecithin or lecithin sourced from egg yolks can easily be replaced with soy, rapeseed, or sunflower lecithin. Latin American nations contribute more than 51% of the global soybean production. In 2021-2022, Brazil was the leading soybean producer, while the United States of America held the second position with over 121 Mt.

Further, the mass manufacturing of edible products implies an increased ratio of ingredients in the recipe. As the number of ingredients rises, it becomes difficult for commercial food producers to get the viscosity of the blend right. Consequently, the demand for lecithin as an emulsifier is rising. Lecithin is an effective emulsifier that holds the non-soluble ingredients of recipes together.

Major players in the lecithin market include Archer Daniels Midland Company (NYSE: ADM), Bunge Limited, Cargill, Incorporated, Caldic B.V., and Lecithin GmbH, among others.

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Market Breakup by Source, Form, End Use, and Region:

• The market is segmented based on source into soy, sunflower, rapeseed, and others.

• By form, the market is divided into liquid, powder, and granules.

• By end use, the market is segmented into food and beverages, animal feed, pharmaceuticals, personal care and cosmetics, and others.

• Region-wise, the global market for lecithin can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Commercially, lecithin finds use in the production of food products, cosmetics, and medications. It is used as an emulsifier and to extend the product's life.

• The rising health consciousness among consumers drives the demand for lecithin supplements to treat high cholesterol and digestive issues.

• As a stabilizer, lecithin finds use in the skincare and cosmetic sector. The rising beauty consciousness among consumers aids the use of the product.

• With consumers increasing the demand for sustainable and clean-label products, the demand for natural, organic, and non-GMO lecithin is rising.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for lecithin for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the source, form, end use, and major regions of lecithin.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the lecithin market are Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, Caldic B.V., Lecithin GmbH, Lecilite Ingredients Pvt Ltd, Lipoid GmbH, and Sternchemie GmbH & Co. KG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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