2023-2029 is the forecast period in this report.
Lecithin contains fatty substances that have multiple functions. It is important to many different industries because it can stabilize, emulsify, and extend shelf life. In addition, lecithin improves liver and cell functioning, fat transport and metabolism, healthy reproduction, child development, and offers a better treatment for gallstones. Sunflower lecithin is a clean emulsifier. Sunflower lecithin is obtained from the oil-bearing sunflower kernel. It is made by drying out a sunflower and separating it into three parts: oil, gum, and solids.
A cold press process is used to process the lecithin, which comes from the gum. It is the second most popular type of commercial lecithin. It is extracted through cold pressing or dehydration of sunflowers and is considered a more organic lecithin source than other lecithin forms. Sunflower lecithin contains some vitamins and minerals that your body needs, such as potassium, phosphorus, and fatty acids. In addition, sunflower lecithin is also used in cosmetics and skincare products to help reduce redness and irritation. A rise in health-conscious consumers as a result of an increase in the incidence of obesity, an increase in consumer disposable income, rising demand for natural food additives, and changing lifestyles are the factors contributing to market expansion over the forecast period in North America.
Factors responsible for market growth in North America included increasing demand for natural ingredients and increased health awareness among consumers. In addition, increasing the usage of sunflower lecithin in bakery and confectionery products, dairy products, and meat products in the region will also positively impact market expansion. Furthermore, due to its benefits as an ingredient and emulsifying agent, sunflower lecithin has many potential health benefits. It has the potential to lower cholesterol levels, lower blood pressure, and improve digestive health. It has the ability to break down fat and lower LDL cholesterol by 56% and total cholesterol by 42%. Sunflower lecithin is rich in choline and can boost brain function. A study published in the American Journal of Clinical Nutrition found that increased choline intake was associated with increased cognitive functions. Thus, increasing health awareness among consumers and rising demand for natural foods have fuelled consumers’ demand for food supplements. These are the factors that contributed to the market growth in the North American region over the foreseen period.
The market is expected to have new opportunities with technological advancements and ongoing R&D activities to develop quality sunflower lecithin products. This is expected to provide ample new growth opportunities in the market during the forecast period. The increase in demand for green and organic food products and label-friendly sunflower lecithin extends profitable opportunities to the market players in the forecast period. According to the Journal of the American Oil Chemists’ Society, due to its high phosphatidylcholine (PC) and essential fatty acid (EFA) content, sunflower lecithin can be utilized as an additive in food and feedstuffs. It is a popular additive in chocolate, mayonnaise, margarine, bakery, and instant products as an emulsifier for its unique fat composition. Sunflower lecithin is generally safe and can be consumed with minimal risk of side effects. Thus, increasing usage of sunflower lecithin further increases market growth opportunities in this region.
Sunflower lecithin is generally safe, but there are some potential side effects that are associated with it. It might cause some gastrointestinal issues, such as diarrhoea, cramping, or bloating. Sunflower lecithin may cause allergic reactions in some people, including skin irritation, itching, and swelling around the mouth and lips. Moreover, there is a lack of awareness regarding lecithin, which also restraints the market's growth.
A key challenge that may affect the growth of the market is the rise in raw material prices. The fluctuating prices of raw materials used for manufacturing lecithin are anticipated to hamper the market's growth over the forecast period. The shortage in the raw material may cause the manufacturers to face losses leading to a production delay. Lecithin production is prohibited in a number of nations, and numerous nations require multiple audits of the manufacturing facility before it can produce lecithin. These are the challenges for the market's growth over the forecast period.
The report provides an in-depth analysis of North America sunflower market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. A rise in demand for sunflower lecithin in various applications is anticipated to stimulate the growth of the market and due to this factor, the market is expected to witness growth at a specific CAGR from 2023-2029.
The North America sunflower lecithin market comprises of different market segments like, product type, form, application and country.
By product type, the North America sunflower lecithin market includes key segments like
By product type, the North America sunflower lecithin market finds the key segments such as standardised lecithin, de-oiled lecithin, process optimized lecithin, and modified lecithin. The standardization of crude sunflower lecithin is usually accomplished by the addition of sunflower oil or sunflower-based oleic fatty acids. De-oiled lecithin is free of oil and contains a particularly high concentration of polyunsaturated fatty acids. It is predominantly used as emulsifiers, wetting agents, antioxidants, surfactants, dispersants, instantizing agents, viscosity modifiers, release agents, and lubricants.
By form, the North America sunflower lecithin market includes key segments like
On the basis of form, the North American sunflower lecithin market includes key segments such as powder, liquid, granules, and others. The liquid segment dominated the market and is projected to be the fastest-growing segment during the forecast period. The dominance is due to rising demand for liquid form across a variety of end-use application industries, including industrial coatings, cosmetics, food processing, and confectioneries. Sunflower lecithin is a popular health supplement in its granulated form. Numerous diabetic medications and neural booster vitamins also contain sunflower lecithin.
The North America sunflower lecithin market finds major applications in
On the basis of applications, the North America sunflower lecithin market is divided into cosmetic industry, industrial coatings, food processing, confectionary applications. The cosmetic industry segment is projected to hold the majority of shares during the forecast period. The dominance in this region is due to the increasing demand for personal care products and cosmetics. This is due to the expanding awareness of organic cosmetics and the positive effects they have on the skin, which increases consumer preference for sunflower lecithin. The cosmetics industry is also among the top consumers of sunflower lecithin because of its emollient properties. The phospholipids in sunflower lecithin also attract water particles from the air, which automatically soften the skin and make it glow. Moreover, due to its emulsification and stabilizing properties, it has numerous applications in food processing as well.
The North America sunflower lecithin market is studied for the following countries
United States are projected to hold the majority of shares during the forecast period. This is due to the presence of large soy fields in the U.S., which can be attributed to market expansion. The rising demand for natural ingredients is increasing the usage of lecithin in bakery and confectionery, dairy, and meat products. In addition, key end-users, increasing consumer awareness of clean label products, and rising demand for sunflower lecithin due to its convenience in handling and role in balancing cholesterol contribute to market growth in this region.
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the North America sunflower lecithin market. In addition, complete analysis of changes on the North America sunflower lecithin market expenditure, economic and international policies on supply and demand side is provided in this exclusive report. The report also studies the impact of pandemic on North America economies, international trade, business investments, and GDP and marketing strategies of key players present in the market.
COVID-19 is an unprecedented public health emergency that has affected almost every industry, and the long-term impacts are projected to reflect on the growth of various end-use industries. In addition, the supply chain has been severely impacted by transportation restrictions, which have limited the availability of raw materials. Such situations have caused a circumstance of unpredictability in the business sectors, and further, the supply chain and logistics restrictions have acted as a barrier for the North America sunflower lecithin market. Major market players' revenue and market share have decreased as a result, affecting the North American sunflower lecithin market. However, the market growth has been high since the market opened after COVID-19 because people became conscious regarding their health and their interest in naturally derived food ingredients. In addition, demand for natural ingredients and increased health awareness among consumers will further increase market growth during the forecast period.
The competitive landscape analysis of sunflower lecithin market is primarily focused on expanding the North America growth of sunflower lecithin industry with new product innovation, business expansion, increasing presence of range of manufacturer operating in sunflower lecithin sector has led the growing demand for the market. Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
March 2021: Lecico announced a distribution partnership with Ciranda for lecithin and phospholipids across North America. The purpose of the partnership is to provide high-quality ingredients, focus on clean-label food trends, and provide local commercial and technical support.
By product type, the North America sunflower lecithin market is divided into standardised lecithin, de-oiled lecithin, process optimized lecithin, modified lecithin. By form, the North America sunflower lecithin market includes key segments such as powder, liquid, granules, and others. The liquid segment dominated the market and is projected to be the fastest-growing segment during the forecast period. On the basis of applications, the North America sunflower lecithin market is divided into cosmetic industry, industrial coatings, food processing, confectionary applications. The cosmetic industry segment is projected to hold the majority of shares during the forecast period. The North America sunflower lecithin market is studied for region: The US, Canada, and Mexico. US are projected to hold the majority of shares during the forecast period.
Sizing for Year:
Players and its Competitors:
GmbH & Co. KG (Germany)
What would be the forecast period in this report?
2023-2029 is the forecast period in this report.
Which region is gaining majority of market share during the forecast period (2023-2029)?
United States is expected to gain major market share during the forecast period (2023-2029).