How big is the Lecithin Market?

The Lecithin Market size is expected to reach USD 1.02 billion in 2024 and grow at a CAGR of 6.15% to reach USD 1.38 billion by 2029. Read More

What is the current Lecithin Market size?

In 2024, the Lecithin Market size is expected to reach USD 1.02 billion. Read More

Who are the key players in Lecithin Market?

Lipoid GmbH, DuPont de Nemours, Inc, Wilmar International, Cargill Inc. and Archer Daniels Midland Company are the major companies operating in the Lecithin Market. Read More

Which is the fastest growing region in Lecithin Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Lecithin Market?

In 2024, the North America accounts for the largest market share in Lecithin Market. Read More

What years does this Lecithin Market cover, and what was the market size in 2023?

In 2023, the Lecithin Market size was estimated at USD 0.96 billion. The report covers the Lecithin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Lecithin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Lecithin Market Trends

Statistics for the 2023 & 2024 Lecithin market trends, created by Mordor Intelligence™ Industry Reports. Lecithin trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Lecithin Industry

This section covers the major market trends shaping the Lecithin Market according to our research experts:

Surge in Demand for Dietary Supplement Driving the Market

Lecithin supplements can treat various conditions, including ulcerative colitis, high cholesterol, and a few other treatments. According to a comprehensive study performed by GOQii, a fitness technology company in India, over 29.5% of respondents who experienced cholesterol issues in 2021 were seniors over 60. Young people made up around 6% of the responders that year, whereas teens made up approximately 7% of those with cholesterol issues. Such health conditions have been driving the demand for lecithin-based supplements.
Furthermore, a healthy lifestyle is prompting consumers to seek various dietary supplements to maintain and enhance their overall well-being. Thus, the intense focus on the preventive healthcare system, coupled with robust endorsements and marketing efforts of lifestyle enhancement products, is driving the market for lecithin in the dietary supplement industry.
The primary factor affecting the market includes the increase in demand for food ingredients derived from various natural sources that would boost the sector. The surge in product launches according to the market demand is expected to propel the industry's growth.
For instance, Lasenor announced the launch of VEROLEC ORGANIC, organic soya lecithin that originated in the United States with United States Department of Agriculture (USDA ) Organic Certification. Additionally, in September 2021, AAK announced the acquisition of BIC Ingredients. BIC Ingredients is a player in the lecithin market that supplies non-GM specialty lecithin and lecithin compounds.

Lecithin Market - Lecithin Market: Turnover of food supplements in pharmacies, in 1,000 Euros, By Treatment Type, France, 2021

Understand The Key Trends Shaping This Market

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Asia Pacific Holds the Largest Market Share

The rising demand for natural ingredients is witnessing a rise in the usage of lecithin in bakery and confectionery, dairy, and meat products. The demand for lecithin in bakery products is significant as it is extensively used in baking procedures to increase moisture retention with even blending of flour with added ingredients. Lecithin is usually added to bread formulations at 0.2% and layer cakes at 0.5 - 1.5% based on flour weight. In Asian countries, there has been a surge in the production and exports of bakery products.
According to the UN Comtrade, India exported bread, pastry, cakes, and other bakery products worth USD 407.6 million, which was higher than the previous year's exports valued at USD 346.8 million. Hence, the rise in sales of bakery products has been driving the lecithin market across the region.
On the other hand, increased demand for personal care products and cosmetics in the countries is expected to boost the demand for de-oiled lecithin. Additionally, the booming aquaculture industry in China is expected to increase the demand for lecithin in the animal feed segment.