The sales in the global modified lecithin market are projected to rise at a healthy CAGR of around 6% to 7% during the forecast period 2022-2032. Increasing usage of modified lecithin across diverse industries for numerous emulsifying, wetting, and hydrating applications is estimated to accelerate the sales in the global market in the future.
| Report Attribute | Details |
| Modified Lecithin Market Projected Growth Rate (2022-2032) | 6% to 7% CAGR |
Lecithin, also known as phosphatidyl choline, is a yellow-brownish fatty substance produced as a by-product during vegetable oil production and refining from sources such as soy, sunflower, rapeseed, corn, and others. It is a mixture of glycerophospholipids including phosphatidylserine phosphatidylethanolamine, phosphatidylcholine, phosphatidylinositol, and other phospholipids.
Modified lecithin is produced by numerous processes, such as standardization, enzymatic modification, fractionation, or filtration of crude lecithin that is produced during oil production.
Modified lecithin with the subjection of modification is gaining huge popularity as an emulsifier across diverse sectors, owing to its excellent oil-in-water performance, high water-dispersibility, improved wetting ability, and increased heat resistance.
Demand for modified lecithin is increasing at a rapid pace, driven by the growing applications across various food and beverage industry products such as confectioneries, dairy products, instant beverage mixes, bakery products, and other convenience food products.
Hence, growing customer inclination toward packaged food & beverages products, augmenting the demand for bakery products, instant mixes, ready-to-eat snacks, dairy products, and others, is estimated to bolster the sales of modified lecithin in the global market. Citing this trend, key market players are emphasizing on expanding their modified lecithin production capacity to capitalize on the surging demand, thereby, favoring the growth in the market.
There are a number of side effects associated with the consumption of modified lecithin such as abdominal pain, increased salivation, bloating, diarrhea, nausea, decreased appetite, and others. This is discouraging the food & beverage manufacturers from using modified lecithin in their products, which is in turn, hampering the sales in the market.
Also, increasing availability of numerous substitutes such as agar-agar, guar gum, xanthan gum, and many others is further dampening the demand for modified lecithin in the global market.
As per FMI, North America is estimated to exhibit growth at a rapid CAGR in the global modified lecithin market during the forecast period 2022-2032.
The cosmetics & personal care sector is witnessing a robust growth across North America, favored by the surging demand for numerous skincare, haircare, and body care products across the countries such as the U.S. and Canada, resulting in fueling the demand for associated ingredients.
Modified lecithin is extensively used as a surface-active additive, emollient, hydrating agent, and others in the formulation of cosmetics & personal care products. Hence, increasing sales of shampoos, body lotions, facial creams, sunscreens, conditioners, and others owing to the growing customer spending on proper skincare and enhancing facial aesthetics is favoring the growth in the North America market.
Europe is expected to account for a significant share in the global modified lecithin market from 2022 to 2032, reveals Future Market Insights.
The consumption of modified lecithin assists in lowering cholesterol, aiding liver functioning, preventing dementia, reducing inflammation, and alleviating digestive issues. Attributed to this, modified lecithin is increasingly being used in the production of numerous dietary supplements and pharmaceutical products.
Also, there is a swift rise in consumer inclination towards plant-based products. Hence, key companies in the market are focusing on introducing novel modified lecithin sourced from plants such as sunflower and soy. This is estimated to facilitate the sales of modified lecithin in the Europe market.
Some of the leading players in the modified lecithin market profiled by FMI are Cargill Inc., I. du Pont de Nemours and Company, Amitex India, Archer Daniels Midland Company, American Lecithin Company, Avril Group, Sail Far Technology, Vinayak Ingredients India Pvt. Ltd., Sternchemie GmbH & Co. KG, and others.
Key participants in the market are focusing on adopting collaboration, partnership, mergers & acquisitions strategies to gain edge in the highly competitive market
| Report Attribute | Details |
| Growth Rate | CAGR of 6% to 7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in US$ Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the demand for modified lecithin market to expand at a rapid value CAGR of 6% to 7% during the forecast period 2022-2032
The modified lecithin market is dominated by North America, and this trend is projected to continue for the assessment period.
Cargill Inc., I. du Pont de Nemours and Company, Amitex India, Archer Daniels Midland Company, American Lecithin Company, Avril Group, Sail Far Technology, Vinayak Ingredients India Pvt. Ltd., Sternchemie GmbH & Co. KG, others are some key modified lecithin manufacturer.
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