Global Lecithin & Phospholipids Market by Source, Type, Application and Region – Forecast to 2023 – ResearchAndMarkets.com

The “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) and
Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s
offering.

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
the forecast period.

Owing to its multifunctionality, the demand for lecithin is projected to
be on the rise, owing to factors such as the growth in the feed industry
and increasing application in the bakery products, confectionery
products, and convenience food industry. Along with the increasing
consumer consciousness for natural ingredients in the cosmetics
industry, coupled with emerging applications in paints, inks, leather,
and textile, the lecithin market is expected to grow during the forecast
period.

Based on source, the soy segment is projected to dominate the lecithin &
phospholipids in value terms, through 2023. The easier extraction
process of soy-derived ingredients compared to sunflower or egg-derived
ingredients, coupled with the wide availability of soy in many countries
are the major factors supporting the dominant nature of soy-sourced
lecithin. However, there has been a shift in the demand from soy to
alternate sources of lecithin such as sunflower and rapeseed owing to
GMO concerns over soy lecithin.

The sunflower segment in the lecithin market is projected to have the
highest CAGR during the forecast period while in the phospholipids
market, the egg segment is projected to grow at the highest CAGR from
2018 to 2023. GMO concerns are the major factor restraining the growth
of the lecithin market, globally. Allergy issues associated with soy is
a major challenge faced by consumers, impacting the growth of the
lecithin market.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Regulations for the Lecithin & Phospholipids Market

7 Industry Trends

8 Lecithin Market, By Source

9 Lecithin Market, By Type

10 Lecithin Market, By Application

11 Lecithin Market, By Region

12 Phospholipids Market, By Source

13 Phospholipids Market, By Application

14 Phospholipids Market, By Region

15 Competitive Landscape

16 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/94hvkr/global_lecithin?w=4.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005279/en/

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