Growing Trend of Feed Applications to Drive the Global Lecithin Market

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. 

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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 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.


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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