Lecithin & Phospholipids Market: Worldwide Forecasts to 2023 - Concerns Regarding the Negative Impact of GMO Soy Lecithin
DUBLIN, July 13, 2018 /PRNewswire/ --
The "Lecithin & Phospholipids Market by Source (Soy, Sunflower, Rapeseed, Egg), Type (Fluid, De-Oiled, Modified), Application (Feed, Food (Confectionery Products, Convenience Food, Baked Goods) Industrial, Healthcare) and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global lecithin market was valued at USD 1.15 billion in 2018 and is projected to reach USD 1.59 billion by 2023, at a CAGR of 6.7% during forecast period. The global phospholipids market was valued at USD 3.23 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 6.2% during the forecast period.
The lecithin market is driven by the increased demand for lecithin in feed and food applications while the phospholipids market is driven by the growing trend towards consumption of natural ingredients in cosmetics and dietary supplements around the globe.
GMO concerns are the major factor restraining the growth of the lecithin market, globally. Allergies associated with soy are another major challenge faced by consumers, impacting the growth of the lecithin market.
Based on type, the lecithin market has been segmented into fluid, de-oiled, and modified. The fluid segment dominated the lecithin market in terms of both value and volume in 2017. The growing demand for fluid lecithin from the feed industry in European countries is expected to create export opportunities for manufacturers in regions such as Asia Pacific and South America. Apart from this, fluid lecithin is also used in paints, varnishes, and textiles. Thus, increased demand in industrial applications is expected to boost sales of fluid lecithin during the forecast period.
Based on source, the lecithin market has been segmented into soy, sunflower, rapeseed, and egg. The soy segment is estimated to account for the largest share in the lecithin market in 2018. It is widely preferred among manufacturers owing to sufficient availability of soybean and cheap extraction process. Soy lecithin is growing popularity in the feed application and is also being used as a replacement to cocoa butter in the chocolate industry, owing to rise in price of cocoa butter. Based on source, the phospholipids market has been segmented majorly into soy and egg. The soy segment is estimated to account for the largest share of the phospholipids market in 2018. Increased demand for natural sources in the cosmetics and pharmaceutical industry has boosted the demand for soy-based phospholipids at a global level.
Based on application, the lecithin market has been segmented into feed, food, industrial, and healthcare. The feed segment is estimated to be the largest segment in 2018, and this trend is expected to continue through the forecast period owing to factors such as a shift in preference to protein-rich diets in emerging economies such as China, and increasing demand for soy lecithin in the feed segment. The phospholipids market, based on application, is segmented into nutrition & supplements and pharmaceuticals. The nutrition & supplements segment is estimated to be the largest in 2018 for phospholipids.
In 2018, Asia Pacific is estimated to occupy the largest share of the global lecithin & phospholipids market, in terms of value and volume. Export opportunities of non-GMO lecithin from countries such as India to the European market is expected to drive the lecithin market in the region. Sonic Biochem Extractions and Shankar Soya Concepts are some of the key players based in India offering non-GMO lecithin to the European market. Apart from this, the booming aquaculture industry in China is expected to boost the demand for lecithin in the feed segment. On the other hand, increased demand for personal care products and cosmetics in countries such as Japan and South Korea is expected to drive the phospholipids market in the region.
The market is dominated by key players such as Cargill (US), ADM (US), Stern-Wywiol Gruppe (Germany), DowDuPont (US), and Bunge (US). Other companies include Lipoid (Germany), Wilmar International (Singapore), Sonic Biochem Extractions (India), Avanti Lipids Polar (US), Lecico (Germany), VAV Life Sciences (India), Sodrugestvo (Luxembourg), Kewpie (Japan), Sojaprotein (Serbia), American Lecithin Company (US), Sime Darby Unimills, Lecital (Austria), and Lasenor Emul (Spain).
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Units Considered
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Lecithin Market
4.2 Lecithin Market, By Region
4.3 Lecithin Market, By Type
4.4 Asia Pacific: Lecithin Market, By Source & Country
4.5 Lecithin Market, By Application & Region
4.6 Phospholipids Market, By Region
4.7 Asia Pacific: Phospholipids Market, By Source & Country
4.8 Phospholipids Market, By Application & Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Multifunctionality in Various End-Use Industries
5.2.1.2 Growing Demand for Naturally Sourced Ingredients
5.2.1.3 Increasing Demand for Phospholipids in the Pharmaceutical and Cosmetics Industries
5.2.2 Restraints
5.2.2.1 Health Concerns Regarding the Consumption of Soy Lecithin
5.2.2.2 Concerns Regarding the Negative Impact of Gmo Soy Lecithin
5.2.3 Opportunities
5.2.3.1 Emerging Markets: New Growth Frontiers
5.2.3.2 Growing Demand for Alternate Sources of Lecithin
5.2.3.3 Investments in the Development of Industrial Applications
5.2.4 Challenges
5.2.4.1 Fluctuating Prices of Raw Materials
6 Regulations for the Lecithin & Phospholipids Market
6.1 Introduction
6.2 International Body for Food Safety Standards and Regulations
6.2.1 Codex Alimentarius Commission (Cac)
6.3 Regulations
6.3.1 US
6.3.1.1 Direct Food Substances Affirmed as Generally Recognized as Safe
6.3.1.2 Multipurpose Additives
6.3.1.3 Types of Lecithin Allowed in Organic Processed Products
6.3.2 Europe
6.3.2.1 Regulation (Ec) No 1333/2008 on Food Additives.
6.3.2.2 Commission Implementing Regulation (Eu) 2017/1007 of 15 June 2017 Concerning the Authorization of Preparation of Lecithins as Feed Species
6.3.3 India
6.3.3.1 Food Safety and Standards Authority of India (Fssai)
7 Industry Trends
7.1 Introduction
7.2 Value Chain Analysis
7.3 Supply Chain Analysis
7.4 Porter's Five Forces Analysis for the Lecithin Market
7.4.1 Threat of New Entrants
7.4.2 Threat of Substitutes
7.4.3 Bargaining Power of Suppliers
7.4.4 Bargaining Power of Buyers
7.4.5 Intensity of Competitive Rivalry
8 Lecithin Market, By Source
8.1 Introduction
8.2 Soy
8.3 Sunflower
8.4 Rapeseed
8.5 EGG
8.6 Other Sources
9 Lecithin Market, By Type
9.1 Introduction
9.2 Fluid Lecithin
9.3 De-Oiled Lecithin
9.4 Modified
9.4.1 Chemical Modification
9.4.2 Enzymatic Hydrolysis
10 Lecithin Market, By Application
10.1 Introduction
10.2 Feed
10.3 Food
10.3.1 Confectionery Products
10.3.2 Convenience Foods
10.3.3 Baked Goods
10.3.4 Others
10.4 Industrial
10.5 Healthcare
11 Lecithin Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Netherlands
11.3.2 Germany
11.3.3 Russia
11.3.4 Spain
11.3.5 UK
11.3.6 Ukraine
11.3.7 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan & Korea
11.4.4 Australia
11.4.5 Rest of Asia Pacific
11.5 RoW
11.5.1 South America
11.5.2 Middle East & Africa
12 Phospholipids Market, By Source
12.1 Introduction
12.2 Soy
12.3 EGG
12.4 Other Sources
13 Phospholipids Market, By Application
13.1 Introduction
13.2 Nutrition & Supplements
13.3 Pharmaceuticals
13.4 Others
14 Phospholipids Market, By Region
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 Netherlands
14.3.3 UK
14.3.4 Spain
14.3.5 Russia
14.3.6 Ukraine
14.3.7 Rest of Europe
14.4 Asia Pacific
14.4.1 China
14.4.2 Japan & Korea
14.4.3 India
14.4.4 Australia
14.4.5 Rest of Asia Pacific
14.5 RoW
14.5.1 South America
14.5.2 Middle East & Africa
15 Competitive Landscape
15.1 Overview
15.2 Market Ranking
15.2.1 Key Market Strategies
15.3 Competitive Scenario
15.3.1 Agreements
15.3.2 New Product Launch
15.3.3 Investments & Expansions
15.3.4 Mergers & Acquisitions
16 Company Profiles
16.1 Introduction
16.2 Cargill
16.3 ADM
16.4 Stern-Wywiol Gruppe
16.5 Dowdupont
16.6 Bunge
16.7 Lipoid
16.8 Wilmar International
16.9 Sonic Biochem Extractions
16.10 Avanti Polar Lipids
16.11 Lecico
16.12 VAV Life Sciences
16.13 Sodrugestvo
16.14 Kewpie Corporation
16.15 Sojaprotein
16.16 American Lecithin Company
16.17 Sime Darby Unimills
16.18 Lecital
16.19 Lasenor Emul
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