Lecithin Being Increasingly Used as Crucial Component in Drug Delivery Systems and Cognitive Health Supplements: Fact.MR Report
Lecithin Being Increasingly Used as Crucial Component in Drug Delivery Systems and Cognitive Health Supplements: Fact.MR Report
A new report published by Fact.MR states that revenue from the global lecithin market is estimated at US$ 1.71 billion in 2024 and has been forecasted to rise at a CAGR of 6.9% from 2024 to 2034.
Due to its versatile applications across various sectors, lecithin has witnessed a significant increase in global demand. This naturally occurring phospholipid, primarily sourced from eggs, soybeans, and sunflowers, has become indispensable in multiple industries.
In the food sector, lecithin's emulsifying properties play a crucial role in enhancing texture and extending shelf life in products ranging from baked goods to chocolates. In pharmaceuticals, it serves as a key component in drug delivery systems and cognitive health supplements. Cosmetic manufacturers value lecithin for its emulsifying and moisturizing attributes in skincare formulations.
Lecithin acts as a lubricant and wetting agent in the production of plastics and paints. As awareness of its benefits grows and new applications emerge, the lecithin market is poised for continued expansion, solidifying its essential role in contemporary consumer products and industries.
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Key Takeaways from the Market Study:
“Increasing awareness of the benefits of lecithin and the discovery of new applications continue to drive its demand. Companies are focusing on technological advancements to enhance the efficiency and application scope of lecithin,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Lecithin Market:
Bunge Limited; Haneil Soyatech Pvt. Ltd.; GIIAVA (India) Pvt. Ltd.; Lipoid GmbH; Orison Chemicals Limited; Foodchem International Corporation; Wilmar International Limited; Lecico GmbH; Sodrugestvo Group S.A; DuPont, Inc.; Imcopa Food Ingredients B.V.; Ruchi Soya Industries Ltd.; Sun Nutrafoods; Clarkson Specialty Lecithins.
Market Benefiting from Growing Consumer Demand for Natural and Clean-Label Products
Creation of organic and non-GMO lecithin sources, which satisfy consumers' increasing need for natural and clean-label goods, is one notable breakthrough. The usage of lecithin in markets for health-conscious foods and supplements has increased as a result.
Specialized lecithin fractions of superior quality have been produced as a result of technological advancements in extraction and purification procedures. These modified products provide increased functionality for certain uses, including better liposomal drug delivery in medicines or better emulsification in intricate food systems.
The development of lecithin-based nanocarriers for the tailored delivery of nutrients in functional meals and cosmetics is another discovery. By improving the bioavailability of active compounds, this technology creates new opportunities for individualized skincare and nutrition regimens.
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Lecithin Industry News:
Novastell launched in November 2022 a series of lecithin granules to be used for food and beverage applications. Soycithin G97 IP is a pure soy lecithin that is fully traceable and non-GMO, as opposed to Suncithin G96, which is produced from sunflower lecithin and is allergen-free and non-GMO.
Lecico reacted quickly to the Salmonella outbreak in lecithin-derived food additives in Belgium in July 2022.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the lecithin market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on nature (GMO, non-GMO), product (unrefined lecithin, refined lecithin, chemically modified lecithin), form (powder, granules, liquid lecithin), function (emulsifiers, dispersing agents, surfactants), and application (bakery & confectionery, dairy products, infant & dietetic food products, meat & poultry items, instant foods, other processed foods, dietary supplements & pharmaceuticals, cosmetic industry, animal feed), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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Lecithin is a naturally occurring phospholipid found in various sources like eggs and soybeans. It is used as an emulsifier in food, pharmaceuticals, and cosmetics.
An emulsifier is a substance that helps mix two immiscible liquids, such as oil and water, by reducing surface tension, thus stabilizing the mixture.
CAGR stands for Compound Annual Growth Rate, which is the mean annual growth rate of an investment over a specified time period longer than one year.
GMO stands for genetically modified organisms. GMO products are derived from organisms whose genetic material has been altered using genetic engineering techniques.
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