Egg Phosphatidylcholine Market size is estimated to reach $15.5m by 2025 and is poised to grow at a CAGR of 5.8% during the forecast period 2020-2025. Fat molecules are considered an essential component of the overall well-being of organs, muscles and living organisms. Phosphatidylcholines are fat molecules, that are types of phospholipids whose head group is choline. Egg phosphatidylcholine can be extracted from egg lecithin by mechanical or chemical methods using hexane. Studies show that phosphatidylcholine plays an important role in fat metabolism, memory, cell structure maintenance and nerve signaling. As the elderly population increases, the demand for egg phosphatidylcholine is projected to increase as it improves liver function, thereby improving digestive function, which is a relief for the elderly. North America accounts for a relatively large share of the egg phosphatidylcholine market, which can be attributed to the high demand for dietary supplements in the region.
By End-Use – Segment Analysis
The global Egg Phosphatidylcholine market based on End-Use has been classified into Cosmetics, Pharmaceuticals, Nutraceuticals and Others. The pharmaceuticals segment has dominated the market in the year 2019, and is set to continue over the forecast period. This is owing to wide range of applications in the industry such as treatment of neurological atherosclerosis and other neurological disorders. The presence of choline in egg phosphatidylcholine is set to increase demand as there is increased awareness of high-nutrient foods. The Cosmetics segment is set to grow over the period owing to rise in applications of products and highly growing industry.
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By Application – Segment Analysis
Based on Application, the market is classified into Solubilizer, Moisturizer, Emulsifier and Others. The moisturizing segment dominated the market owing to the strong growth of the cosmetics industry. Egg phosphatidylcholine is widely used in the cosmetics industry owing to the emulsifying properties of topical creams. The increase in the use of cosmetics is one of the main reason for the growth of moisturizer segment. Properties like low toxicity and high skin compatibility are the factors enhancing the growth of the segment over the forecast period (2020-2025).
By Geography – Segment Analysis
In terms of revenue, North America has the largest market share in the global egg phosphatidylcholine market and is set to continue over the forecast period. This is owing to the growing demand for nutritional supplements containing egg phosphatidylcholine in the region. In addition, emerging economies such as China and India are expected to increase demand for egg phosphatidylcholine in the Asia-Pacific region as demand for choline increases, resulting in the fastest growth among regional markets.
Drivers – Egg Phosphatidylcholine Market
Increase in Old age population
The Egg Phosphatidylcholine market has seen significant growth owing to factors such as increase in old age population and rising use in cosmetic industry. As the aging population grows, the demand for phosphatidylcholine increases, as it improves liver function, thereby improving the digestive system, which can provide relief to the elderly. Besides, the increased use of cosmetics and the growing demand for egg phosphatidylcholine in pharmaceuticals are key factors in the growth of the global egg phosphatidylcholine market.
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Challenges – Egg Phosphatidylcholine Market
Presence of Substitutes
The main challenge of this market is the availability of substitutes. This is set to hinder market growth over the forecast period (2020-2025). The availability of low-cost substitutes for phosphatidylcholine extraction, such as mustard, soybeans, and sunflower, is a key factor that is expected to limit the growth of the global market for egg phosphatidylcholine.
Egg Phosphatidylcholine Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Egg Phosphatidylcholine Market. Key companies of this market include Nutrasal Inc, Avanti Polar Lipids Inc, Lipoid, Harmony Whole Foods Market, Natural Factors, Kewpie Corporation, NOF America Corporation, Jena Bioscience GmbH, and Vitamin Research Products.
In July 2020, Avanti Polar Lipids, Inc. announces it has agreed to be acquired by Croda International.
In April 2020, Jena Bioscience GmbH announced partnership with Genoks Technology Co.Ltd.
Geographically, North America has contributed to the leading market share of global Egg Phosphatidylcholine owing to rise in demand for nutritional Supplements.
Increased consumer awareness with high-quality cosmetics and nutritious food products is projected to stimulate the growth of the global egg phosphatidylcholine market over the forecast period (2020-2025).
High product prices and investment costs are a challenge in the egg phosphatidylcholine market over the forecast period.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Egg Phosphatidylcholine Market report.
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