The Lecithin and Phospholipids Market Size was valued at $5.1 billion in 2021 and is estimated to reach $8.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Lecithin is widely used in the food & beverages, feed, and pharmaceutical industry. It primarily functions as an emulsifier and dispersing agent. It is derived from the plant as well as animal sources. Plant-based sources include soy, rapeseed, canola, and sunflower, while animal-based sources majorly include eggs and red meat. Lecithin emulsifiers keep the blend of two impossible-to-mix liquids in a stable state. Increasing the shelf life of the end product has helped Lecithin and Phospholipids Market Demand grow over time.
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Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Italy, Germany, France, Spain, The Netherlands, Switzerland, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, Thailand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Leading Key Players:
The players operating in the lecithin and phospholipids industry have adopted product launch and business expansion as their key developmental strategies to expand their Lecithin and Phospholipids Market Share, increase profitability, and remain competitive in the market. The key players profiled in this report include Cargill, ADM, DuPont, MCD Group BV., Bunge Limited, Stern-Wywiol Gruppe, Wilmar International Ltd., Sonic Biochem, Avril Group, American Lecithin Company, Vav Life Sciences Pvt Ltd., Sondrugestvo Group, Kewpie Corporation, Fismer Lecithin, and Lipoid GmbH.
KEY FINDINGS OF STUDY
- Based on the source, the soy segment dominated the global market in 2021 and is expected to retain its dominance throughout the market forecast period.
- The fluid lecithin segment accounted for a significant share of the lecithin and phospholipids market in 2021 and is expected to grow at a substantial CAGR during the forecast period.
- Based on application, the feed segment accounted for a significant market share in 2021 and is expected to grow at a substantial CAGR during the forecast period.
- Asia-Pacific accounted for the highest market share in 2021 and is expected to grow at a significant CAGR of 6.3% during the forecast period.
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