The lecithin & phospholipids market size is estimated to be valued at USD 5.5 billion in 2022 and is projected to reach USD 7.5 billion by 2027, recording a CAGR of 6.3% during the forecast period in terms of value. The demand for lecithin & phospholipids is attributed by the increasing awareness of healthy lifestyle among consumers.
Key players in this market include Cargill (US), ADM (US), DuPont (US), IMCD Group B.V. (US), Bunge Limited (US), STERN-WYWIOL GRUPPE (Germany), Wilmar International Ltd. (Singapore), Sonic Biochem (India), Avril Group (France), American Lecithin Company (US).
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The existing players in the lecithin & phospholipids market are fixated upon improving their market shares, while the newer startups are being established rapidly in the lecithin & phospholipids segment. Lecithin & phospholipids can be classified as a fragmented market as it has a large number of organized players at the global level as well as unorganized players present at the local level in several countries. There are numerous existing and emerging companies across the globe.
ADM is a well-established manufacturer of food & beverage ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company’s product portfolio includes vegetable oil, protein meal, corn sweetener, flour, biodiesel, ethanol, and other value-added food and feed ingredients.
The company provides lecithin under its food ingredient category. It offers a broad portfolio of fluid lecithin, de-oiled lecithin, and non-GMO soy lecithin. It has a wide variety of applications such as baked goods, confectionery products, dairy products beverages, snack foods, instant foods, human nutrition, animal nutrition, and release agents. These products are available under its industry-leading brands such as Yelkin, Beakin, Performix, Thermolec, Ultralec, and Adlec. Apart from this, the company also offers phospholipids under the brands, Ultralec, and Capsulec.
For instance, in November 2021, ADM acquired SOJA PROTEIN, one of the leading European providers of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet the growing demand for plant-based foods and beverages.
DuPont is a science and technology-based company that offers innovative products, materials, and services to meet the demands of a broad customer base. The company operates through 13 business segments: agriculture, automotive, building & construction, electronics, energy, food & beverage, government & public sector, health care & medical, marine, mining, packaging & printing, plastics, and safety & protection. The company offers soy lecithin through its two acquired companies—Danisco and Solae, LLC—under ENHANCE and SOLEC. For instance, In January 2020, Dupont invested USD 75 million to modernize and expand its manufacturing and technology operations in the Spruance plant located in Chesterfield County.
Lecithin & Phospholipids Market by Source (Soy, Sunflower, Rapeseed, Egg), Type (Fluid, De-Oiled, Modified), Application (Feed, Food (Confectionery Products, Convenience Food, Baked Goods) Industrial, Healthcare), Nature & Region - Global Forecast to 2027
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