[225 Pages Report] The global lecithin market was valued at USD 1.08 billion in 2017 and is projected to reach USD 1.59 billion by 2023, at a CAGR of 6.7% during the forecast period. The global phospholipids market was valued at USD 3.04 billion in 2017 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 6.2% during the forecast period.

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The years considered for the study are as follows:

Base year: 2017

Estimated year: 2018

Projected year: 2023

Forecast period: 2018�2023

Objectives of the study are as follows:

To define, segment, and project the global lecithin market size with respect to applications, sources, type, and key regions

To define, segment, and project the global phospholipids market size with respect to applications, sources, and key regions

To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

To analyze opportunities in the market for stakeholders and provide the competitive landscape of market leaders

To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with key countries)

To strategically profile key players and comprehensively analyze their market position and core competencies

To analyze competitive developments such as expansions & investments, mergers & acquisitions, and new product developments in the lecithin & phospholipids market

Research Methodology

This report includes estimations of the market size in terms of value (USD million/billion) and volume (kilo tons/metric tons). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the lecithin & phospholipids market and of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in the respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources�National Soybean Processors Association (NSPA), the United States Department of Agriculture (USDA), the Food and Drug Administration (FDA), The Soybean Processors Association of India, American Soybean Association (ASA), United Soybean Board (USB), Brazilian Association of Vegetable Oil Industries (ABIOVE), Canadian Oilseed Processors Association (COPA), and National Oilseed Processors Association (NOPA) to identify and collect information useful for a technical, market-oriented, and commercial study of the lecithin & phospholipids market.

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The market for lecithin & phospholipids is dominated by key players such as include Cargill (US), ADM (US), Stern Wywiol Gruppe (Germany), DowDuPont (US), and Bunge (US). Other players include Lipoid GmbH (Germany), Wilmar International (Singapore), Sonic Biochem Extractions (India), Avanti Lipids Polar (US), Lecico (Germany), VAV Life Sciences (India), Sodrugestvo (Luxembourg), Kewpie Corporation (Japan), Sojaprotein (Serbia), American Lecithin Company (US), Sime Darby Unimills, Lecital (Austria), and Lasenor Emul (Spain).

Target Audience:

Lecithin & phospholipid producers, suppliers, distributors, importers, and exporters

Manufacturers from industries such as confectionery products, chocolate, bakery products, nutrition & supplements, cosmetics, pharmaceuticals, paints, herbicides, and feed

Government and research organizations

Associations and industry bodies such as National Soybean Processors Association (NSPA), the United States Department of Agriculture (USDA), the Food and Drug Administration (FDA), The European Vegetable Oil and Protein meal Industry (FEDOIL), European Feed Manufacturers' Federation (FEFAC), European Feed Safety Ingredients Certification (EFISC), The Soybean Processors Association of India, American Soybean Association (ASA), United Soybean Board (USB), National Aquaculture Association (NAA), Brazilian Association of Vegetable Oil Industries (ABIOVE), Canadian Oilseed Processors Association (COPA), Cosmetics Toiletries and Fragrance Association (CTFA), the International Soybean Growers Alliance (ISGA), the Australian Oilseeds Federation (AOF), the Paraguayan Chamber of Cereal and Oilseed Exporters (CAPECO), Ukrainian Association of Producers and Processors of Soya, C�mara de la Industria Aceitera de la Rep�blica Argentina (CIARA), and National Oilseed Processors Association (NOPA)

Scope of the report

Based on source, the lecithin market has been segmented as follows:

Soy

Sunflower

Rapeseed

Egg

Others (corn and krill)

Based on type, the lecithin market has been segmented as follows:

Fluid

De-oiled

Modified

Based on application, the lecithin market has been segmented as follows:

Feed

Food

Baked goods

Confectionery products

Convenience food

Others (dairy, meat & fish, snacks, spreads & margarines, soups, gravies, and sauces)

Industrial

Health care

Based on region, the lecithin market has been segmented as follows:

North America

Europe

Asia Pacific

RoW (South America, and the Middle East & Africa)

Global Phospholipids Market

Based on source, the phospholipids market has been segmented as follows:

Soy

Egg

Others (milk and krill)

Based on application, the phospholipids market has been segmented as follows:

Nutrition & supplements

Pharmaceuticals

Others (personal care products and cosmeceuticals)

Based on region, the phospholipids market has been segmented as follows:

North America

Europe

Asia Pacific

RoW (South America, and the Middle East & Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

Further breakdown of the Rest of Europe lecithin & phospholipids markets Europe includes Italy, France, Belgium, Portugal, Ireland, Sweden, Bulgaria, Turkey, Greece, Poland, and Denmark

Further breakdown of the Rest of Asia Pacific lecithin & phospholipids markets into the Philippines, Thailand, Malaysia, New Zealand, Singapore, Indonesia, and Vietnam

Further breakdown of the RoW lecithin & phospholipids markets into Bolivia, Colombia, Paraguay, Uruguay, Peru, and Venezuela

Company Information

Detailed analysis and profiling of additional market players (up to five)

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.

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.

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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. 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).

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