Phospholipids can be extracted and processed to create lecithin from natural sources such as soybeans, eggs, and sunflower seeds. Lecithin differs from oil and water because it has properties that are both hydrophilic and lipophilic. It is extensively used in many industries, including pharmaceuticals, food, dietary supplements, and cosmetics.
Based on the many varieties of lecithin, the market can be divided into four groups: standardised or purified, sorted, degassed, and modified. The global lecithin market may be loosely divided into four areas based on different applications, including food, animal feed, nutritional supplements, and cosmetics. The largest market for lecithin is in food, and in 2013, the market for supplements and nutrition products grew at the quickest rate.
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Individual soy lecithin allergy, the health risks associated with using hexane to extract lecithin from soybeans, and ever-changing commodity prices are some of the industry’s biggest challenges. Growing demand for non-genetically modified lecithin in Europe and North America is creating new market opportunities for the global lecithin and phospholipid industry.
The two major factors driving the global lecithin and phospholipids market are growing consumer awareness towards healthy lifestyle choices and increasing demand for organic and naturally derived products.
Europe has the largest market for lecithin and phospholipids, followed by North America and Asia Pacific. The Asia Pacific region continues to record the highest growth rate, owing to growing consumer health concerns and high consumer awareness of functional foods. In addition, the market is expected to grow further in the future as the demand for convenience foods increases due to lifestyle changes in the region.
Some of the major companies operating in the global lecithin and phospholipids market are:
- Archer Daniels Midland Company (ADM)
- Avanti Polar Lipids Inc.
- Cargill Corporation
- EI DU Pont DE Nemours and Company
- Laser Emulsion Sl.
- Lesico Gmbh
- Lipoid Gmbh
- Ruchi Soya Industries Limited
- starweall group
- and Vav Life Sciences Pvt. (main)
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