Lecithin is the mixture of phospholipid and emulsifier, attained from the egg yolk, vegetables, and soybean. In addition, phospholipids are separated from the same source of base. Lecithin & phospholipids are widely applicable in nutrition & supplements pharmaceutical, cosmetics, and others. Mounting need for phospholipids in the cosmetic and pharmaceutical industries and the mounting need for alternative sources of lecithin are the major factors driving the growth of the lecithin & phospholipids market. The market has witnessed high demand for de-oiled lecithin due to nutritional benefits to consumers.
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Multi-functionality in numerous end-use industries, the mounting need for phospholipids in the cosmetic and pharmaceutical industries, an alter in inclination towards convenience foods and the mounting need for naturally sourced ingredients are the primary growth drivers for lecithin & phospholipids market.
Globally, the manufacturing companies trying to enter the lecithin & phospholipids market are required to maintain stringent regulatory standards. This offers an edge to the established players in the industry competition. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players in the lecithin & phospholipids market.
Geographically, Asia-Pacific is observed to witness the highest growth in the lecithin & phospholipids market due to alteration in consumer’s inclination towards natural ingredients. In addition, augmented the need for bakery products such as cookies, pastries, and cakes, mounting alertness about the health, the expanding aquaculture industry, augmented the need for personal care products and cosmetics and upsurge in the young population are also creating a positive impact on the lecithin & phospholipids market growth in the region.
Key players in the lecithin & phospholipids market are catering to the demand by investing in new product launches in their product portfolio across the globe. In March 2018, Cargill introduced de-oiled lecithin products to complete its product portfolio of GMO and non-GMO lecithin product. Cargill, Bunge, VAV Life Sciences, Sonic Biochem Extractions, ADM, Lipoid, Stern-Wywiol Gruppe, Dowdupont, and Lecico are the key players offering lecithin & phospholipids.
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