Global lecithin and phospholipids market growth prospects thriving with the advent of anti-cancer drug delivery system and organic cosmetic trend

Novel innovations Pushing Forth The usage Of Lecithin In Medicines:

Phospholipids enriched lecithin are largely beneficial to modern medicine. As there is an incessant rise in diseases and body disorders, several healthcare organizations are stressing on the innovation of organic treatments. This has boosted the growth of lecithin and phospholipids market across the world whereby gaining huge demand in the healthcare industry. Constant researches are conducted with lecithin as the prime substance which has helped develop a newer method of treatment and medication for several diseases. Being rich in antioxidant properties, lecithin is used in administering and treating diabetes, liver disorder, high cholesterol, skin disease, anxiety, and many other health issues. Sunflower lecithin, egg lecithin, and soy lecithin equally facilitate immunity and improve organ functioning in the body. Consequently, these products have gained a remarkable place in the medical and pharmaceutical industries. Besides, soy and egg lecithin is demonstrated to have no adverse effect on patients with allergic reactions to the original ingredients whereby upheaving the lecithin and phospholipids market demand prospect. Some of these novel innovations include the possible treatment of Charcot-Marie-Tooth disease. Researchers claim that using lecithin, the reduced production of myelin by the Schwann cells is targeted and improved. As a result, naturally promoted myelination through the use of phospholipids in lecithin is a breakthrough for the hereditary neuropathy disease. Furthermore, the Food and Drug Administration (FDA) approved Novartis’ initial endocrine-based treatment in premenopausal breast cancer. Its Kisqali® offers a push forth to the need for new treatment in advanced breast cancer in the female population. Moreover, Kisqali consists of soy lecithin which is likely to influence the lecithin market growth prospects in the forthcoming years. Resultantly, these major advancements will eventually boost the lecithin and phospholipids market size whereby leveraging huge demand from end-users across the globe. Influenced by several of these causative factors, the global lecithin and phospholipids market acquired revenue of $1 billion in 2018. Also, the lecithin and phospholipids market is projected to grow at a CAGR of 5.8% during the forecasted period of 2019-2025.

Nutritional Attributes in Animal Feed:

=> Soy lecithin is notably used as a poultry feed to improvise the nutritional quality of meat. Cooked meat is considered to lose a considerable amount of phospholipids as compared to the poultry who are fed a graded level of soy lecithin. As an alternative to tallow feeds for poultry birds, soy lecithin is gaining huge demand in recent times which will uplift this market growth.

=> Similarly, significant improvement is observed in pigs fed with lecithin dietary supplements over a particular period. Consequently, promoting the growth of pigs, the economic output of cattle farming.

Sunflower lecithin is one of the prominent emulsifier and supplement products used in a multifarious industry. With a wide application in organic and inorganic cosmetic products, sunflower lecithin claims a huge base of end-user customers throughout the world.

The aforementioned statistic by CTPA highlights the economic output of the listed beauty and personal care products in the United Kingdom in 2016. This shows the huge scope of opportunity for the sunflower lecithin to gain huge demand owing to the business profit of cosmetic industries. Additionally, a leading player in the oil industry, Avril recently expanded its footprint in the global lecithin market with the acquisition of Novastell. With this strategic move, Avril is set to supply a wide range of lecithin products including sunflower lecithin, which will boost the parent market growth in the forecasted years. Induced by these developments, the application of sunflower lecithin will increase at 6.6% CAGR through to 2025.

The Asia Pacific is leading the global lecithin and phospholipids market and contributed a regional share of 31.6% in the year 2018. APAC countries trade in a surplus quantity of lecithin products owing to a huge end-user industry established in this region. A pool of cosmetic industry, paint industry, food & beverage industry, and pharmaceutical industry are centered in APAC. These industries depend on phospholipids in the manufacturing of a diverse range of products such as soaps, moisturizers, shampoos, drugs, dietary supplements, food additives, and many more. Resultantly, this demand-pull inflation will eventually elevate the lecithin and phospholipid market in this region. APAC’s dominance over the global lecithin and phospholipids market is attributed to several growth drivers influencing the domestic lecithin and phospholipids market share. Now, China imported 7,960 tons of lecithin and phosphoaminolipids in the year 2018 which amounted to $49,925. Likewise, India imported 28,663 tons which accounted for nearly $30,914 in the same year. Furthermore, the Indian gourmet food market size is $1.3 billion currently. Catering to the requirement of this macroeconomic market, the lecithin and phospholipids market is likely to prosper positively in this region.

Growth In Food Industries Boosting Lecithin And Phospholipids Market:

Lecithin has gained an important place in the modern food industry in the past few decades. With several benefits such as emulsion, additive, non-toxic organic components, and others boost the manufacturing process of the food industries. With a combination of several phospholipids compounds such as phosphatidylinositol, phosphatidylethanolamine, phosphatidylcholine, and others, lecithin demand is gaining traction in the food industry. Apart from its application in the human food processing industry, lecithin has also gained a place in the animal feed industries. Being widely found in lecithin, phospholipids are widely applied in convenience food, bakery goods, and confectionery items. Soy lecithin is largely used in the chocolate industry as a less expensive alternative to other emulsifying agents such as cocoa butter. Additionally, the global chocolate confectionery market leveraged a revenue of $129.93 billion in 2018 and is estimated to acquire a perennial demand in the forecasted years. Consequently, this will positively impact the demand growth of the lecithin and phospholipids market in the process. Furthermore, the availability of non-GMO lecithin products is expediting the niche market development successively.

Significant Development And Trends:

=>  The organic cosmetic market is rapidly expanding in recent times. With minimal side-effects and noticeable skin benefits, phospholipids-based cosmetic products are claiming a large customer base. Consequently, the lecithin and phospholipids market demand is disrupted with huge utility in several cosmetic products such as shampoo bar, protein shampoo, oils, solid conditioner, moisturizing balms and creams, and so on. Concurrently, the organic cosmetic trend will increase the application of lecithin in cosmetic manufacturing industries across the world.

=> Phospholipids are widely adopted by the pharmaceutical industries to produce novel nanogels drug delivery systems. This is procedure is claimed to have substantial benefits in cancer treatment which is a breakthrough innovation in the modern healthcare industry. Resultantly, lecithin drug delivery systems will drive the niche market demand in the forthcoming years.

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Competitive Market Players And Their Major Contribution:

The pioneering companies in the niche market include Avanti Lipids Polar, Cargill, Wilmar International, ADM, Stern-Wywiol Gruppe, Sonic Biochem Extractions, DowDuPont, Bunge, Lipoid GmbH, and others. These major companies are upheaving the lecithin and phospholipids market share through vital R&D activities and colossal investment in marketing strategies.

ADM manufactures and distributes a wide range of lecithin products for food applications and also suitable for other industrial purposes. Some of their contributions to the global lecithin and phospholipids market include fluid lecithin, de-oiled lecithin, and non-GMO lecithin. Their product portfolio includes Adlec™, Beakin™, Yelkin™ Series Fluid IP, Ultralec®, and many more.

Related Reports:

Lecithin Market

https://www.industryarc.com/Report/7487/lecithin-market-analysis.html

Soy Lecithin Market

https://www.industryarc.com/Report/16258/soy-lecithin-market.html

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