Global Lecithin Market: Trends and Forecasts up to 2023

Page 1

Global Lecithin Market: Trends and Forecasts up to 2023

INFINIUM GLOBAL RESEARCH


Global Lecithin Market: Trends and Forecast -2023

INTRODUCTION REPORT DESCRIPTION Lecithin refer to the naturally occurring fatty compounds in animal and plant tissues, it is composed of chlorine, fatty acids, glycerol, glycolipids, phospholipids, phosphoric acid and triglycerides. Lecithin is extracted from cotton seed, soybean, milk, rapeseed and sunflower. Lecithin is largely used as emulsifier. Although, lecithin is recognized by FDA as GRAS (generally regarded as safe), it has some of the side effects associated with it such as, it may cause bloating, diarrhea, mild skin rashes, nausea and stomach pain after excessive consumption. On the contrary lecithin has several health benefits associate with it. Health benefits of lecithin include, it protects cells, aids memory, and helps in improving liver health. Moreover, lecithin is popularly known as an emulsifier and finds applications in industries such as food, feed, nutrition and supplements, pharmaceuticals and industrial applications. The Global Lecithin Market has experienced significant growth over the past few years, primarily due to rising industrial applications of lecithin. Versatility of lecithin has increased its industrial applications. Lecithin’s are non-toxic and hence used in food applications as emulsifiers, lubricants, aerating agents, and viscosity modifiers. However, some consumers have an allergy of soy lecithin which in turn is likely to hamper the growth of lecithin market. Globally, owing to increasing demand for convenience food and sports nutrition the lecithin market is growing at a significant pace. This report estimates the market size of Lecithin in terms of value (USD million) over the period of 2017 to 2023. The year 2017are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for Lecithin by source, by application and by region are estimated in terms of value and volume. This market research study provides detailed qualitative and quantitative analyses of the global lecithin market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of lecithin. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the 2

|

Š Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

World (RoW). The market size and forecasts are also given for these regions. Also, countries with major market shares are covered for each of the region. This report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of lecithin market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global lecithin market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RESEARCH SCOPE LECITHIN MARKET SEGMENTATION

Company profile By source

By Application

By Region

 BASF SE  Archer Daniels Midland Company

 Soy oil based Lecithin

 Food Emulsifiers

 Lipoid Gmbh

 Sun oil based Lecithin

 Feed Industry

 E. I. Du Pont De Nemours And Company

 Egg based Lecithin

 Cotton and Rape Oil Lecithin  Marine and Milk Lecithin

 Nutrition & Supplements  Pharmaceuticals

 Stern-wywiol Gruppe Gmbh & Co. Kg  Ruchi Soya Industries Limited

 Avanti Polar Lipids Incorporated

 Industrial Application

• • • • •

North America South America Europe Asia-pacific RoW

 Lasenor Emul S.L.  Lecico Gmbh  Vav Life Sciences Private Limited  Cargill Incorporated

The report segments the global Lecithin market by source, applications, and region. On the basis of source the Lecithin market is segmented as soy-based lecithin, sunoil based lecithin, and egg based lecithin, cotton and rapeseed oil lecithin, marine and milk lecithin and others. Based on application, the market has been segmented into food emulsifiers, feed industry, nutrition and supplements, pharmaceuticals and industrial applications. The global Lecithin market is analyzed covering the regions such as North America, South America, Europe, Asia- Pacific and Rest of the World. 3

|

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

RESEARCH METHODOLOGY METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Lecithin market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.

RESEARCH METHODOLOGY: AN OUTLINE

Primary Research

Secondary research

• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars

• Secondary sources of the information and data include • Company annual reports • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others

For More Details Get Free Sample Pages of this Report @ https://www.infiniumglobalresearch.com/reports/sample-request/735

4

|

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

Primary Research Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. Secondary Research Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company annual reports • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and World bank, among others. • Websites and publications by research agencies • The U.S. FDA, • Public Health England • Institute of Food Technologists • Government of Canada Publications, • Agriculture and Agri-Food Canada 5

|

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

DATA COLLECTION MATR IX: RESEARCH METHODOLOGY: DATA COLLECTION MATRIX

Demand Side analysis

Global market size (Consumption)

Supply Side Analysis

Production +Import -Export

Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global lecithin market. The supply side analysis considers the production of lecithin. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the lecithin. The demand side analysis considers the application areas of the lecithin market. In this approach the various industry players are considered. The country-wise sales values provide the data of consumption of lecithin in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional lecithin market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula Consumption= (Production + Import) – Export

6

|

Š Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

RESEARCH APPROACHES The study on global lecithin market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2013. Moreover, the market estimates are provided in terms of revenue in USD million. The research also covers the analysis of the various segments in the global lecithin market. The estimates in the global lecithin market are based on both bottom-up and top-down approaches. RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (sales value and volume) • Regional market size of lecithin and its applications • •

Segment revenue of the key players Country level market size by type and applications (sales value and volume)

Identifying key players in the lecithin market

Accumulation of the regional/country market size (sales value and volume) Global market size of product types and applications

In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of lecithin market.

7

|

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

RESEARCH APPROACHES- TOP-DOWN

• Global market size of lecithin market • sales value and volume for 2014 to 2015 Global market

Market Segments

• % breakdown by market segments by types and products, end users and distribution channels of lecithin • sales value and volume for 2013 and 2015

Top- Down Approach Determine the regional market size

Country Level market sizing

• Regional market size of the lecithin market (sales value and volume) • Regional market size of product types and applications in terms of value and volume

• Country level market size of the lecithin market in every region (sales value and volume) • Country level market size of product types and applications in every region

In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, South America Europe, Asia Pacific, and RoW. IGR- RESEARCH METHOD AND DATA TRIANGULATION

8

|

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

SECONDARY SOURCES.

•C-level executives in the leading manufacturing companies of lecithin •Product managers •Sales managers •Industry consultants •Distributors/Suppliers

Infinium’s Data bank/Know how

• Industry Publications • Agriculture and Agri-Food Canada • FDA • Government Agencies’ Publications • Industry news ‘ • Data sources • Trade Associations’ publications • Others

• Annual Reports • Presentations • Company Websites

• Press Releases • News Articles • Journals

Primary Research

Secondary Research

• Paid Databases

Company Publications .

SUPPLY SIDE

•Manufacturers of edible oils, pharmaceuticals food and beverages and cosmetics using lecithin •Intermediaries

General. Publications

DEMAND SIDE

PRIMARY SOURCES

Data Triangulation and Information Sources

The market size of lecithin is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the lecithin market. The primary interview participants typically include managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the lecithin market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the lecithin market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of lecithin. With the help of primary interviews and secondary research the market size of lecithin is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of lecithin in the world market. EXECUTIVE SUMMARY GLOBAL LECITHIN MARKET HIGHLIGHTS, (USD MILLION) The global Lecithin market was worth USD3006.3 million in 2015 and it is projected to reach USDxxxx.xmillion, expanding at a CAGR of 7.x% between 2017 and 2013. The global Lecithin market is driven by the factors such as growing demand for convenience food, rising awareness about the usability of lecithin in multiple 9

|

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

industry applications, growing health awareness and preference for natural sources of ingredients. However, incidences of allergy to soylecithin and health hazards associated with hexane which is used for extraction of lecithin are likely to act as a primary restraining factors affecting the global lecithin market over the forecast period. Europe dominates the world lecithin market in terms of dollar share, while North America is anticipated to grow at the highest CAGR over the forecast period. The growth in the North American region is primarily driven by growing preferences for natural ingredients and rising application industries such as pharmaceuticals and cosmetics in North America. Europe accounted for the largest market share of lecithin and it is mainly driven by large scale production and consumption of lecithin in Germany, France and United Kingdom. North America is expected to grow at the highest CAGR of 9.1% in terms of revenue over the forecast period, while Europe is expected to grow at the highest CAGR of 8.1% in terms of volume of consumption. Some of the key players in the global Lecithin market are BASF SE, Archer Daniels Midland Company, Lipoid Gmbh, E. I. Du Pont De Nemours And Company, Sternwywiol Gruppe Gmbh & Co. Kg, Ruchi Soya Industries Limited, Avanti Polar Lipids Incorporated, Lasenor Emul S.L., Lecico Gmbh, Vav Life Sciences Private Limited, and Cargill Incorporated. Lecithin market is expected to experience significant growth globally. The global market for Lecithin is expected to grow at a CAGR 7.4% over the period of 2017 to 2013 in terms of value and 7.1% in terms of volume. Europe accounted for the largest market share of lecithin market owing to significant presence of lecithin manufacturers.

10

|

Š Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

GLOBAL LECITHIN MARKET, CAGR (VOLUME) GROWTH BY REGIONS (2015 – 2013)

x.x

x.x %

%

x.x

%

North America Latin America

x.x %

Europe Asia

Source: Infinium Global Research Emerging markets of Asia-Pacific, Middle East and Latin America regions are expected to drive the growth in the world market. Significant presence of lecithin manufacturers in Europe is expected to promote the growth of lecithin in Europe market over the period of 2017 – 2013. Europe is expected to grow at the highest CAGR of x.x% over the forecast period followed by Asia-Pacific with x.x% over the forecast period. DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global NASH market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the NASH market. Drivers refer to the factors that are expected to drive or boost the market size or demand for NASH. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of NASH market both in short run and long run. 11

|

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

DRIVERS, RESTRAINTS AND OPPORTUNITIES IN GLOBAL NASH MARKET

D

• Driver 1 • Driver 2 • Driver 3

R

• Restraint 1 • Restraint 2 • Restraint 3

O

• Opportunity 1 • Opportunity 2

Drivers

Restraints

Opportunities

IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements

12

|

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

 Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size.

Get 15% discount for early purchase of Global Lecithin Market report by clicking the following link, Use code IGRD15 to request the discount in the given form @ https://www.infiniumglobalresearch.com/reports/request-discount/735

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Consolidation zone

Opportunity zone High

Low Risky zone

Retention zone Market Size High

Low

North America

13

|

Europe

Asia-Pacific

Latin America

RoW

© Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

GLOBAL LECITHIN MARKET, BY GEOGRAPHY

Key Points in Global lecithin market by geography

4

Emerging markets of Asia- Pacific and South America are likely to drive the world lecithin market over the forecast period

The U.S. was the largest consumer of lecithin among the countries in the world market followed by Germany

North America is projected to grow at the highest CAGR 9.2% in terms of value

Europe was the largest consumer of lecithin in terms of both value and volume

3

2

1

COMPANY PROFILES OVERVIEW The company profile chapter presents study of the key players in the world Lecithin market. The companies covered in this report include,BASF SE, Archer Daniels Midland Company, Lipoid Gmbh, E. I. Du Pont De Nemours And Company, Sternwywiol Gruppe Gmbh & Co. Kg, Ruchi Soya Industries Limited, Avanti Polar Lipids Incorporated, Lasenor Emul S.L., Lecico Gmbh, Vav Life Sciences Private Limited, and Cargill Incorporated. The recent developments presented in every company profile provides insights into new updates and developments in the lecithin market. It is also referred to as the competitive landscape in the industry. BASF SE BASF SE is one of the largest manufacturers of chemicals and functional minerals and materials products. The company is headquartered in Germany and operates in more than 80 countries. BASF has its presence across North America, Europe, Asia14

|

Š Infinium Global Research


Global Lecithin Market: Trends and Forecast -2023

Pacific and Latin America. The company is presently focusing on emerging markets of Asia-Pacific to consolidate its global market position. Key competitors of BASF include ADM, DSM and Dow Chemicals. BASF SE is one of the leading manufacturers and processors of Lecithin. The company has personal care and cosmetics products based on lecithin. BASF SE: CONTACT INFO BASF SE Contact details Address: BASF SE, Ludwigshafen, Germany N.A. Headquarters: 100 Park Ave., Florham Park, NJ 07932 Tele: +1 800 526-1072 Website: https://www.basf.com

Key Features No. of Employees: 112435 (end of 2015) No. of countries of operation: more than 80 No. of SBUs/Subsidiaries: 6 (Wintershall, Cognis, Engelhard, BASF Plant Science, BASF Beauty Care Solutions)

BASF SE: FINANCIAL INFO YTD Revenue Comparison revenue

Revenue by regions

YoY Growth in Revenue

80

4.00%

79

3.00% 2.00%

78

15.0%

1.00%

77

0.00%

76

-1.00%

75

-2.00%

17.0% 68.0%

-3.00%

74

-4.00%

73

-5.00%

72

Europe

-6.00% 2013

2014

North America

RoW

2015

YTD Revenue Breakdown by Segment

Key Highlights •

Largest Segment: Performance products and functional minerals materials segments still account for the largest revenue share

Largest Region: a majority of BASF revenue is generated from Europe

Revenue by Segments

21.8%

21.3%

8.0% 22.4%

Revenue: In 2015, BASF experienced decline in its revenue from 2014

26.5%

Chemicals

Performance Products

Functional materials

Agriculture solutions

Oil and Gas

Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/food-beverage/global-lecithin-market 15

|

© Infinium Global Research


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.