• Stacy Lawlor

Global Lecithin Market Size to grow by US$ 2.5 Bn in 2030

The Global Lecithin Market is projected to grow from USD 1.49 billion in 2021 to USD 2.5 billion by 2030 at a CAGR of 6.9% during the forecast period.

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The global lecithin market is predicted to rise steadily throughout the forecast period, due to rising consumer awareness of the need of eating a balanced diet that includes beneficial fats like lecithin. The increasing popularity of lecithin in the pharmaceutical industry and the medical benefits that come with lecithin consumption are expected to contribute in the expansion of the lecithin market.

During the COVID-19 epidemic, the lecithin market was impacted in two ways: by disrupting the market and supply chain, and by directly influencing demand and production. During this time, the global market has lost a lot of money and has suffered a lot of losses. However, the advent of new initiatives has brought about changes in the worldwide market. The Food and Drug Administration (FDA) has eased labeling standards for some components, such as soy lecithin, during current pandemic.

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Consumers are seeking a variety of dietary supplements to maintain and improve their overall well-being as a result of their healthy lifestyle. As a result, the market for lecithin in the dietary supplement business is being driven by a strong focus on preventative healthcare, as well as strong endorsements and marketing efforts for lifestyle enhancement products. The key element influencing the market is the rise in demand for food ingredients sourced from various natural sources, which is expected to boost the sector. The industry is predicted to grow as a result of a boom in product introductions in response to market demand. For Instance, Lasenor announced the debut of VEROLEC ORGANIC, an organic soya lecithin sourced from the United States and certified organic by the USDA (United States Department of Agriculture).

The rising demand for functional foods, convenience foods, and beverages is expanding demand for the lecithin industry during the forecast period. The increased demand for green and organic food products is expected to boost the market revenue and expanding opportunities. Customers seek balanced nutrition food options that aid weight loss and solve calorie concerns this is expected to expand market growth in the developing countries. Furthermore, functional and natural ingredients in food and beverage items give nutritional value, assisting in the preservation of a healthy lifestyle. As a result, demand for de-oiled lecithin is predicted to increase over the course of the study.

North America is predicted to be the fastest expanding region in the global lecithin market, owing to the increased number of health-conscious people in the region who are focused on include nutritional and healthy food products and components in their everyday food. In the approaching years, the lecithin industry is predicted to develop because to increased disposable income among Americans and Europeans. Consumers in the European region prefer the lecithin ingredient generated from sunflower seeds than soybean beans.

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In September 2021, BIC Ingredients, a supplier of non-GM specialised lecithin and lecithin compounds, was acquired by AAK.

In March 2021, Lecico and Ciranda established North American distribution collaboration for lecithin and phospholipids with a focus on clean label food trends and local commercial and technical assistance.

In April 2021, Strenchemie announced the launching of soy lecithin dairy substitutes for the European market in February 2021. The FDA issued a GRAS no objection letter for the company's line of sunflower-based lecithin.

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