Lecithin is an essential fatty substance present in the tissues of the body. It can be naturally found in egg yolk, soybeans, marine food, rapeseed, milk, cottonseed, and sunflower oil. It has a variety of medical and commercial benefits. Lecithin possesses excellent lubricant, emulsification, and medicinal properties, which makes it suitable in multiple applications across food & beverages, industrial, animal feed, cosmetics, and pharmaceutical sectors.

Rising health concerns have led to the grown interest of consumers towards nutrient-rich foods and dietary supplements. Lecithin contains phosphatidylcholines and is considered a rich source of choline, which is an essential nutrient. Lecithin benefits in acne, improving liver function, and lowering cholesterol.

Global lecithin market size is predicted to surpass US$2.4 billion by 2024, says Global Market Insights, Inc.

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Food Application: Lecithin is a mixture of phospholipids in oil and is widely used by food manufacturers as a food additive. The compound’s emulsification effect allows its utilization in non-stick cooking spray. Cooking sprays are further used in many ready-to-eat products such as bakery & confectioneries, packaged foods, and others. Consumers prefer these foods due to higher shelf life and convenience.

As per the Centre for the Promotion of Imports from developing countries (CBI), the retail food sales in the U.K. rose by 11% in 2020, owing to the shift in consumer preference towards packed and hygienic foods amid the COVID-19 pandemic.

In Pharmaceuticals: The lecithin industry share from the pharmaceutical application segment is slated to spring up considerably by 2024. As lecithin holds exceptional surfactant, stabilizer, and dispersing properties, it experiences strong demand in the manufacture of drugs. Lecithin-containing drugs are used in the treatment of dementia, Alzheimer’s disease, and in diseases associated with gallbladder, liver, depression, high cholesterol, anxiety, and skin.

With the growing prevalence of chronic diseases worldwide, the demand for lecithin and its various applications in pharmaceuticals is predicted to boom over the coming years. Soy lecithin has widespread applications in the pharma sector due to several health benefits.

Soybean sourced lecithin contributes to raising good cholesterol (HDL) and lowering bad cholesterol (LDL) in the blood. Such benefits make it one of the most used ingredients in lecithin supplement. People with high cholesterol levels and cardiovascular diseases prefer soy-rich lecithin products.

Cosmetics sector in North America: North America lecithin industry is slated to witness substantial progress in the coming years, on account of the high consumption of cosmetics and personal care products. A significant rise in disposable income and the necessity to achieve desired aesthetic appearance, especially among women, is the prime factor propelling demand for cosmetics. Hydrogenated lecithin is widely used as an emollient in skin care products which restore hydration in the skin and make it feel smoother.

SOYA, GIIAVA, Haneil Soyatech, Cargill, ADM, and a few others are some prominent providers of lecithin globally. These companies are eyeing on partnerships, mergers, new product development, and business expansion to upgrade their share and consolidate their position in the global market.

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Lecithin-rich animal feed is experiencing significant demand from the growing number of pet owners globally. Lecithin in pet feed enriches protein & fat and enhances palletization. With the versatile application range, the substance provides ample growth opportunities to the manufacturers of lecithin based products.

About Global Market Insights:

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