North America Lecithin and Phospholipids Market: Global Industry analysis and Forecast (2024-2030)

North America Lecithin and Phospholipids Market Overview:

Phospholipids from natural items like soy, eggs, and sunflower are extracted and processed to make lecithin. Lecithin has both hydrophilic and lipophilic characteristics, and resembles oil and water differently. It's widely used in a variety of industries, including pharmaceuticals, food, nutrition, supplements, and cosmetics.

 

The North America's lecithin & phospholipids market is being driven by rising demand for green and naturally sourced products, as well as rising consumer awareness of a healthy lifestyle. Also, the lecithin market is driven by rising consumption of convenience meals, functional foods, and drinks.

 

Individual soy lecithin allergies, the health risks connected with using hexane to extract lecithin from soybeans, and the industry's constantly varying raw material prices are all important challenges. The growing demand for non-genetically modified lecithin in North America is opening up new market opportunities for the lecithin and phospholipids market.

 

 

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Driving Factors:

One of the primary factors driving the growth of the lecithin and phospholipids market is the increase in demand for naturally sourced products. The significant demand for the ingredients is fueled by the fact that their sources are easily available in nature, as well as the numerous applications of phospholipid and lecithin in various industries and an increase in consumer awareness regarding clean label products. The market is being influenced by an increase in acceptance of sunflower-based lecithin due to advantages such as ease of handling and neutral flavour, as well as the use of the product in dietary foods such as tablets and capsules, bakery products, and convenience foods such as instant soups and sauces.

 

Furthermore, rising disposable income, rising demand for natural food additives, changing lifestyles, and an increase in health-conscious customers as a result of an increase in obesity cases all benefit the lecithin and phospholipids market. Moreover, in the forecast period of 2024 to 2030, rising demand for green and organic food products, as well as an increase in demand for alternative sources of lecithin, provide profitable prospects for market players.

 

Consumer preference for low-fat foods is fast increasing, and marketing strategies are being developed to promote their use and health benefits. Cargill (US) produces lecithin, which is used as a low-fat dressing, and has attracted the attention of those who want to make low-fat foods. Increased processed food production and innovation in practically all areas, such as meat, dairy, and bakery & confectionery items, may be driving demand for low-fat products.

 

Soy is one of the most widely farmed crops in the United States, with 94 % of it coming from genetically modified sources. Soybeans are a low-cost, high-lecithin food. Chemicals like acetone and hexane are commonly used to extract lecithin from soybean oil.

 

Restraining Factors:

Market growth is expected to be hampered by raw material price fluctuations and the replicability of items by synthetic substitutes. In the forecast period, concerns about the detrimental impact of GMO soy lecithin and soy lecithin use are expected to pose a challenge to the lecithin and phospholipids market.

 

North America Lecithin and Phospholipids Market Segment Analysis:

By Source, The North America Lecithin and Phospholipids Market is segmented into Soy, Sunflower, Rapeseed and Egg on the basis of source. Sunflower is the most important source, with a CAGR of 6.6 %. Soy lecithin's use in feed is constantly increasing, and it's also being employed as a cocoa butter substitute in the chocolate business due to rising cocoa butter prices.

 

 

By Type, The North America Lecithin and Phospholipids Market is segmented into Fluid, De-Oiled and Modified on the basis of type. In the Lecithin & Phospholipids Market, fluid lecithin is more widely used. Paints, varnishes, and fabrics all contain fluid lecithin. As a result, greater demand for fluid lecithin in industrial applications is projected to improve sales. Dietary foods, convenience foods, bakery items, and confectionery products all use de-oiled lecithin.

 

By Application, The North America Lecithin and Phospholipids Market is segmented into Feed, Food, Industrial and Healthcare on the basis of application. As the pandemic spread over the world, people began to adjust their eating habits and pay more attention to their health than ever before. Dietary supplements, infant formula, and functional foods and beverages are in high demand around the world, which has spurred the demand for natural and plant-based emulsifiers in the food business.

 

North America Lecithin and Phospholipids Market Regional Insights:

In the forecast period, North America is expected to be one of the most profitable markets, accounting for more than 30% of worldwide market share. The United States' enormous purchasing power is one of the primary drivers of growth. Furthermore, the United States is a major producer and consumer of processed goods, boosting demand. In 2023, the United States had control more than 76 % of the North American market. A major driver of market growth is the increased prevalence of health and diet-related concerns.

 

Apart from having more disposable means, the greater knowledge of chronic diseases among Americans has motivated initiatives to adopt a healthier lifestyle. As a result, lecithin sales in the country are expected to increase significantly. Lecithin-rich diets help to raise good HDL cholesterol while lowering bad LDL cholesterol. Lecithin supplements are also reported to improve immune system function, particularly in diabetics.

 

Lecithin is classified as "generally recognised as safe" (GRAS) by the US Food and Drug Administration (FDA). When consumed in small doses, it is unlikely to have side effects. This contributes to increase awareness about the use of lecithin as a supplement. Lecithin is gaining popularity in the cosmetics industry, particularly in skin care products in North America. Lecithin also contributes in emulsion formation by reducing the surface tension of the emulsified molecules. Leading cosmetics companies are launching a variety of skincare and personal care products.

 

Praan Naturals, for example, added Organic Sunflower and Soy Lecithin Powder and Liquid to its ethically sourced product portfolio of over 500 certified organic and traditional natural ingredients for personal care product manufacturing in 2019. Demand for soy-based lecithin is increasing due to rising demand for natural ingredients in the pharmaceutical and cosmetics industries.

 

The objective of the report is to present a complete picture of North America Lecithin and Phospholipids market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the North America Lecithin and Phospholipids market. It also helps to understand bargaining power of suppliers and consumers.

 

The report also presents PESTLE analysis which helps to gain a macro picture of North America Lecithin and Phospholipids market. Political factors help to identify the influence of government over North America Lecithin and Phospholipids market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in North America Lecithin and Phospholipids market price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the North America Lecithin and Phospholipids market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements. 

 

North America Lecithin and Phospholipids market scope:

North America Lecithin and Phospholipids Market
Market Size in 2023	USD 2.17 Bn.
Market Size in 2030	USD 3.34 Bn.
CAGR (2024-2030)	6.3%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Source Soy Sunflower Rapeseed Egg
	By Type Fluid De-Oiled Modified
	By Application Feed Food Industrial Healthcare
Country Scope	United States Canada Mexico

 

North America Lecithin and Phospholipids Market Key Players:

• Cargill (US)
• ADM (US)
• DuPont (US)
• IMCD Group B.V. (US)
• Bunge Limited (US)
• American Lecithin Company (US)
• Archer Daniels Midland Company (US)
• American Chemie Inc. (US)