United States, New York, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Sime Darby Berhad proudly declared the successful purchase of UMW Holdings Berhad (UMW), obtaining complete company ownership. This strategic decision establishes UMW as a fully owned subsidiary of Sime Darby Berhad, representing a major achievement in the company's growth and diversification plan. The Competition Commission of India (CCI) authorised the acquisition of Viterra by Bunge. Bunge Global SA is set to acquire all of Viterra Limited's shares. Viterra's primary shareholders, including Glencore PLC, the British Columbia Investment Management Corporation (BCI), and the Canada Pension Plan Investment Board (CPP Investments), will receive Bunge stock and obtain a minority stake in Bunge as part of the agreement.
Introspective Market Research is excited to unveil its latest report, Lecithin Market This in-depth analysis shows that the global Lecithin market, valued at USD 1.24 billion in 2023, is poised for substantial growth, expected to hit USD 2.07 billion by 2032. This growth trajectory aligns with a strong CAGR of 5.86% during the forecast period from 2024 to 2032.
Lecithin, derived from soybeans, sunflowers, and other sources, is used for its emulsifying, stabilizing, and thickening properties in a variety of food and beverage products. Some of the ways it is used are in baked goods, dairy products, and confectionery. Lecithin is used in pharmaceutical and cosmetic products to enhance their consistency and durability. The lecithin industry has been steadily expanding because of the increasing demand for natural and functional ingredients. Consumers are becoming more concerned about their health and seeking products made with organic ingredients.
Rising numbers of lifestyle-related health issues such as cardiovascular diseases, obesity, osteoporosis, and diabetes have led to a growing interest in dietary supplements among consumers. Because of its many health benefits, lecithin is an essential ingredient that can be taken as a medication and used in the manufacturing of medicines. Lecithin boosts liver and cell function, assists in fat transportation and metabolism, promotes healthy reproduction and child growth, and offers enhanced care for gallstones.
Lecithin is frequently used in place of soy lecithin due to its elevated levels of phosphatidylcholine (PC) and essential fatty acids (EFA). It possesses a decreased viscosity in comparison to soy lecithin, food manufacturers are choosing sunflower lecithin over soy lecithin because of its gluten-free properties. There has been a rise in the demand for organic lecithin, especially in the candy industry, the product's demand is bolstered by its natural, safe, and allergen-free characteristics. Lecithin aids in binding fat, maintaining its suspension in processed foods, enhancing moisture in high-protein ingredients, preventing fat separation in retort treatment, and improving the dispersion of high-fat powders. Additionally, its remarkable capacity to improve the feel and consistency in the mouth, while also helping to evenly spread ingredients, is expected to result in higher utilization within the convenience food sector. The confectionery section primarily consists of products like chocolate, ice cream, gum, and caramels, all with a high sugar content. The enhanced surface qualities of lecithin have led to increased use of it in the confectionery sector. Predictions indicate that the need for it will continue to be strong in the consumer market due to its ability to reduce the moisture levels in food products.
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Leading Factors Driving the Lecithin Market:
Increase in Need for Nutritional Supplements
Lecithin supplements can be used to address different ailments, such as ulcerative colitis, high cholesterol, and a few other medical conditions. The increase in demand for solutions that promote overall well-being is due to 45% of people being classified as unhealthy, with high-stress levels caused by work (26%) and financial instability (17%). Specifically, women have seen a significant increase in stress levels, jumping from 25% in 2021 to 35% in 2023, the high occurrence of lifestyle illnesses such as hypertension, diabetes, elevated cholesterol, and thyroid issues highlights the critical necessity for dietary changes. The rising obesity rate of 17% in adults, particularly among young adults, underlines the significance of supplements such as lecithin for cholesterol management, liver health support, and enhancing metabolic function. Consumers are turning to different dietary supplements to uphold and improve their overall well-being due to adopting a healthy lifestyle. The market for lecithin in the dietary supplement industry is being driven by the strong emphasis on preventive healthcare and the effective promotion of lifestyle enhancement products.
Lecithin, a naturally occurring phospholipid, is frequently utilized in supplements for its emulsifying properties and numerous health benefits. Lecithin, derived from soybeans, sunflower seeds, and egg yolks, offers numerous advantages for overall well-being. Choline, present in the compound, has a vital function in boosting cognitive abilities by improving memory and reducing cognitive deterioration in older people. Furthermore, lecithin can improve heart health by increasing HDL cholesterol and lowering LDL cholesterol, with studies showing a 42% reduction in LDL levels after taking supplements for two months. It further assists in maintaining digestive health, particularly for conditions like ulcerative colitis, by protecting the mucosal lining of the intestines. When it comes to regions, North America remains the primary consumer of lecithin supplements, accounting for 35% of global usage in 2023, whereas Europe shows a preference for plant-based lecithin, particularly those sourced from sunflowers.
Growing Demand for Natural and Clean Label Products
Lecithin's versatility and popularity make it a promising ingredient for consumers seeking authentic and wholesome products in the clean label sector. Lecithin is highly demanded as a natural emulsifier and stabilizer in minimally processed and plant-based food items, especially in markets that prioritize clean label statements. In 2023 US consumers show a strong inclination towards fresh (40%), natural (26%), organic (21%), and non-GMO (14%) qualities when looking for healthy food, creating a significant market demand for lecithin-derived from natural, organic, or non-GMO sources. The rise of clean labels allows companies to promote lecithin as a key component for achieving desired product textures and stability, while also meeting consumer demands for health-focused and transparent labeling.
The rise of plant-based and vegan diets, particularly in nations like Germany, where the vegan community surpassed 1.52 million in 2023, has resulted in greater prospects for lecithin. Lecithin derived from soy or sunflower is ideal for meeting the needs of this growing population, crucial for making vegan and plant-based items.
Strict regulations from governments around the world are causing manufacturers in different food sectors to switch to safer, organic options. In the UK, strict regulations are in place to oversee 'free-from' claims, ensuring transparency and safety in natural products with explicit labeling. This regulatory backing has allowed ingredient producers to broaden their product offerings to comply with regulations and meet consumer needs. The increasing backing from regulators around the globe for lecithin, focusing on natural and safer options, has raised the need for it as a clean-label solution. Lecithin is well-placed to capitalize on the increasing demand for clean-label products in various industries like bakery, confectionery, beverages, and health supplements, fueling creativity and broadening the worldwide market.
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What are the Key Opportunities for the Lecithin Market?
The significance of lecithin as a natural emulsifier is vital in enhancing the texture, stability, and longevity of products. The increasing popularity of clean-label ingredients and functional foods is driving their incorporation into baked goods, confectionery, dairy, and processed foods. The use of lecithin in paints, varnishes, textiles, and lubricants highlights its effectiveness as a stabilizer and dispersant. The expanding industrial sector is more and more creating a demand for lecithin as a feasible and effective choice.
The popularity of lecithin supplements is increasing because of their effectiveness in addressing concerns like high cholesterol and ulcerative colitis. The growing focus on preventive healthcare and encouraging healthy behaviors has solidified lecithin's importance in the nutraceutical sector. The unique lipid molecular makeup of lecithin is crucial in pharmaceutical formulations and cosmetics. Its popularity in these industries is propelled by its ability to enhance the texture and moisturizing properties of skincare products and boost the effectiveness of drug delivery. The animal feed industry dominates the lecithin market due to growing meat consumption and the expansion of animal farming. Lecithin's large market share in this sector is mainly due to its nutritional benefits and its ability to improve feed efficiency.
What are the Key Challenges Lecithin Market?
The lecithin market is encountering numerous important obstacles that affect its expansion and availability. One major concern is the changing price of primary materials such as soybeans, a widely used source of lecithin. Fluctuations in prices can have a direct impact on the costs of production and the eventual prices of products containing lecithin, leading to uncertainty for both producers and consumers. Furthermore, the worldwide lecithin sector faces diverse regulatory demands and quality criteria in different areas. These inconsistencies pose difficulties for manufacturers in ensuring adherence, preserving market entry, and ensuring consumer safety.
The market faces restrictions due to the scarcity of natural lecithin sources and the absence of extensive production capacities. Some consumers' favor for synthetic emulsifiers and worries about soy allergies limit the appeal of lecithin, contributing to its scarcity. The lack of thorough safety studies, particularly in products for children, makes it challenging to grow the market, highlighting the need for more comprehensive research to establish consumer confidence and regulatory backing. Dealing with these challenges is essential for promoting sustainable growth in the lecithin market.
Key Manufacturers
Market key players and organizations within a specific industry or market that significantly influence its dynamics. Identifying these key players is essential for understanding competitive positioning, market trends, and strategic opportunities.
- Sun Nutrafoods (SNF)/Ago Solvent Products
- Cargill Incorporated
- Sternchemie
- Archer Daniels Midland (ADM)
- Avanti Polar Lipids
- American Natural Processors
- Danisco/DuPont Nutrition & Health
- Ruchi Soya
- AGD
- Lasenor
- Lecico
- Lipoid
- VAV Life Sciences
- Sime Darby Unimills
- The Lecithin Company
- IMCOPA
- FoodChem
- Gauri Agrotech Products
- Keshav Industries
- Leci-Impex
- Bunge Argentina, and Other Active Players
In March 2024, Sime Darby Berhad proudly announced the successful acquisition of UMW Holdings Berhad (UMW), securing a 100% stake in the company. This strategic move positions UMW as a wholly-owned subsidiary of Sime Darby Berhad, marking a significant milestone in the company's expansion and diversification strategy.
In July 2023, Bunge and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corporation acquired Chacraservicios S.r.l., based in Argentina from the Italian-based Adamant Group. This latest investment in novel seeds adds a new oil source to Bunge and Chevron’s global supply chains and will help both companies meet the growing demand for lower-carbon renewable feedstocks.
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Key Segments of Market Report
By Type
Soy held most of the market share in the lecithin sector. Derived from soy oil, lecithin is utilized in multiple sectors like processed food, protective coatings, and pharmaceuticals. It is commonly used as a natural emulsifier and lubricant in various sectors. Soy lecithin acts as a versatile and multifunctional tool. An ingredient well-known for its emulsifying properties is highly prized for giving dressings a consistent texture and increasing the solidity of margarine. It is also used in coatings and chocolate as well as to prevent splattering when frying, its unique lipid molecular structure makes it useful for pharmaceutical and cosmetic uses, as well as various industrial applications such as paints, lubricants, textiles, and others.
The growing demand for healthier food options, transparent labeling, non-GMO, and organic products is driving ingredient suppliers to meet the raw material needs of businesses in the consumer goods industry. Consequently, top firms in the sector are expanding their product offerings through the introduction of new items. For example, Novastell introduced a variety of lecithin granules designed specifically for use in the food and beverage sector. Soycithin G97 IP is a classic soy lecithin that is fully traceable and non-GMO, unlike Suncithin G96 which is derived from sunflower lecithin, and is also allergen-free and non-GMO. Soy lecithin primarily acts as an emulsifier and dispersing agent, serving as a versatile food ingredient. Its main use is as an emulsifier in various industries such as animal feed, food, paints, plastics, cosmetics, pharmaceuticals, and others. Therefore, it is anticipated that the market's continuous growth will be supported by the increasing product category for lecithin applications.
By Application
The Food & Beverages segment dominates the lecithin market due to its wide-ranging applications across various food products. Lecithin's functional versatility makes it indispensable in improving texture, shelf stability, and processing efficiency. As an emulsifier, lecithin homogenizes fat particles, ensuring consistent quality in food products like spreads, margarine, and instant drinks. Its wetting properties make it essential for dissolving powdered ingredients in beverages, while its dough tolerance capabilities enhance bakery processes by improving handling and resilience. Additionally, lecithin serves as a release agent in baked goods, preventing sticking and ensuring clean removal from molds or pans, thus streamlining production. The rising demand for natural and allergen-free alternatives further boosts the use of sunflower and canola lecithin, particularly in chocolate, confectionery, and infant formulas, where these variants enhance texture, browning, and solubility in both hot and cold liquids.
lecithin's health benefits, such as being a rich source of choline—vital for brain and cardiovascular health—align with the growing consumer preference for functional foods. Regulatory compliance with standards set by the FDA, USDA, EFSA, and the European Union ensures that food-grade lecithin meets stringent safety and quality benchmarks, increasing its acceptance among manufacturers and consumers. The use of lecithin in premium and speciality products, such as non-GMO and allergen-free variants, has also expanded its appeal. With lecithin playing a critical role in the development of healthier and more sustainable food products, the Food & Beverages segment is poised to remain the leading driver of growth in the lecithin market.
By Region
The North America region is projected to dominate the market during the forecast period. Rising cosmetic product demand and higher disposable income, along with increased skincare and haircare product demand, will drive growth in the local market. These cosmetics products are used to hydrate and soften the skin, acting as a soothing agent for all types of skincare. The strong hydrating properties aid in maintaining skin moisture, making it a valuable addition to healing creams. It improves the look of damaged hair and aids in straightening treatments by preventing fly-away hair, which are important factors for local growth.
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Comprehensive Offerings:
- Historical Market Size and Competitive Analysis (2017–2023): Detailed assessment of market size and competitive landscape over the past years.
- Historical Pricing Trends and Regional Price Curve (2017–2023): Analysis of historical pricing data and price trends across different regions.
- Market Size, Share, and Forecast by Segment (2024–2032): Projections and detailed insights into market size, share, and future growth by segment.
- Market Dynamics: In-depth analysis of growth drivers, restraints, opportunities, and key trends, with a focus on regional variations.
- Market Trend Analysis: Evaluation of emerging trends that are shaping the market landscape.
- Import and Export Analysis: Examination of trade patterns and their impact on market dynamics.
- Market Segmentation: Comprehensive analysis of market segments and sub-segments, with a regional breakdown.
- Competitive Landscape: Strategic profiles of key players across regions, including competitive benchmarking.
- PESTLE Analysis: Evaluation of the market through Political, Economic, Social, Technological, Legal, and Environmental factors.
- PORTER’s Five Forces Analysis: Assessment of competitive forces influencing the market.
- Industry Value Chain Analysis: Examination of the value chain to identify key stages and contributors.
- Legal and Regulatory Environment by Region: Analysis of the legal landscape and its implications for business operations.
- Strategic Opportunities and SWOT Analysis: Identification of lucrative business opportunities, coupled with a SWOT analysis.
- Conclusion and Strategic Recommendations: Final insights and actionable recommendations for stakeholders.
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