Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Lecithin is a yellowish to brownish fatty substance that forms naturally in the bodies of plants and animals. It is a mixture of phospholipids and other minor substances like triglycerides and carbohydrates and is frequently used for emulsifying, homogenizing liquid mixtures, smoothing the texture of food, repelling stick-attracting material, and so on. Due to its collection of phospholipids, sunflower lecithin functions as a natural emulsifier.
Sunflower lecithin is made from sunflower oil. It is a versatile ingredient in the food industry because it can make a suspension out of two immiscible liquids like oil and water. It can break down fats and help reduce bad cholesterol levels (LDL) and promote the production of good cholesterol (HDL), which helps protect the body from chronic diseases like heart attacks. Sunflower lecithin is primarily used in cooking, making food products, the pharmaceutical industry, and the cosmetics industry. Increasing demand for natural products and growing health awareness among consumers are positively impacting the sunflower lecithin market's growth in Europe.
The European sunflower lecithin market is driven by factors like increasing health awareness among consumers, rising demand for natural foods, rising demand for convenience foods due to the rise in working populations, and health benefits from its consumption, among others. In addition, growth in the Germany sector is being driven by the convenience of the food and confectionery product categories. Rising demand for natural ingredients is increasing the usage of sunflower lecithin in bakery and confectionery products, dairy products, and meat products in the region. Furthermore, due to its benefits as an ingredient and emulsifying agent, sunflower lecithin has many potential health benefits. It has the potential to improve digestive health, lower blood pressure, and lower cholesterol levels. These are the factors that contributed to the market growth in the European 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. In 2016, the European Food Safety Authority approved the use of lecithin in all animal feed. This has given manufacturers in the region new opportunities. Moreover, sunflower lecithin is extensively used as an emulsifier and stabilizer in a broad spectrum of food products. Emulsifiers are finding new opportunities in various food categories, such as protein powders, desserts, bakery products, and functional beverages. In addition, it acts as a hydrating agent in cosmetics that helps the skin breathe and stay moisturized for a long period of time. In industrial coatings, it acts as a stabilizer in their paint formulations. Thus, increasing usage of sunflower lecithin in cosmetics, food, and industrial coatings further increases market growth opportunities in this region.
Some people may experience allergic reactions to sunflower lecithin. It causes swelling, itchiness, and skin irritation around the mouth and lips. Estrogen levels may rise when a diet high in concentrated sunflower lecithin is consumed. However, lecithin consumption may alter hormonal levels in women who are breastfeeding or pregnant.
A key challenge that may affect the growth of the market is the rise in raw material prices. End-user firms, particularly those in the food industry, want high-quality lecithin at reasonable prices. The fluctuating prices of the raw materials that are used to make sunflower lecithin hampered the European market growth over the forecast period. Furthermore, stringent government regulations regarding the utilization of lecithin in food items additionally hampered market growth. Numerous nations prohibit lecithin production and require numerous manufacturing facility audits before allowing lecithin production. These are the challenges for the Europe sunflower lecithin market's growth over the forecast period.
The report provides an in-depth analysis of Europe 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 Europe sunflower lecithin market comprises of different market segments like, product type, form, application and country.
By product type, the Europe sunflower lecithin market includes key segments like
By product type, the Europe sunflower lecithin market finds the key segments such as standardised lecithin, de-oiled lecithin, process optimized lecithin, and modified lecithin. De-oiled lecithin comes in the form of granules or powders and is enriched in phospholipids for improved water dispersion. It is primarily used as emulsifiers, wetting agents, antioxidants, surfactants, dispersants, instantizing agents, viscosity modifiers, release agents, and lubricants. It has multi-functional properties across various industries, including food, feed, and healthcare.
By form, the Europe sunflower lecithin market includes key segments like
By form, the Europe 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. This is due to the increasing demand for liquid form across a variety of end-use application industries, such as industrial coatings, cosmetics, food processing, and confectioneries. The powder or granule form is expected to experience significant growth in demand over the forecast period due to its simple handling and compact packaging, which makes it easier to transport and store.
The Europe sunflower lecithin market finds major applications in
On the basis of applications, the Europe 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 growth is due to increased awareness of skin care products, rising consumer requirements, and rising disposable income levels. It is a common ingredient in many skincare products due to its emollient properties, which help to keep dry skin soft and smooth.
The Europe sunflower lecithin market is studied for the following countries
The UK and Germany are projected to hold the majority of shares during the forecast period. The lecithin market in Europe is driven by consumer awareness of their health, demand for natural foods, rising demand for convenience foods as a result of the growing number of working people, and the health benefits of its consumption. In the United Kingdom, the development of the market has been aided by its various health benefits over traditional emulsifiers. In addition, the sales of plant-based goods are anticipated to rise at a significant rate in the UK in the future. One of the main business sectors for sunflower lecithin is Germany. In Germany, numerous large skincare makers are involving sunflower lecithin in their items, making particular improvement possibilities
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the Europe sunflower lecithin market. In addition, complete analysis of changes on the Europe 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 Europe economies, international trade, business investments, and GDP and marketing strategies of key players present in the market.
The World Health Organization declared coronavirus disease (COVID-19) as a pandemic on March 11, 2020. The entire health supply chain is being affected by the COVID-19 pandemic because of strict lockdowns in a number of areas. The COVID pandemic resulted in a negative impact on the sunflower lecithin market in Europe. Apart from that, the limited availability of raw materials due to the restrictions on transportation has also affected the supply chain badly. The German study showed that COVID-19 had a significant impact on consumers’ eating habits that generally had negative health effects, particularly among economically disadvantaged groups such as households with children and those who lost income during the pandemic. Demand, supply, price, vendor adoption, and sustainable outcomes were all affected by this COVID-19 outbreak. However, the growth has been high since the market opened after COVID-19, and it is anticipated that the sunflower lecithin sector will experience significant expansion as consumers become more aware of clean label products in Europe.
The competitive landscape analysis of Europe sunflower lecithin market is primarily focused on expanding the 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
June 2021: Bunge, a leading oilseeds processing company and one of the world’s largest lecithin producers, announces the extension of its distribution channel for lecithins in Europe through an exclusive agreement between its plant-based lipids business, Bunge Loders Croklaan, and IMCD’s Food and Nutrition division.
January 2019: Avril has announced the acquisition of Lecico, a German company specializing in lecithins and phospholipids, which will allow the German supplier to specialize in lecithins and phospholipids. This acquisition will increase the company's production potential in Europe.
March 2018: Cargill is adding a new line of de-oiled lecithin products to its portfolio of GMO and non-GMO lecithin products. A first to market in Europe, Cargill’s de-oiled rapeseed lecithin products help bakery and snack manufacturers deliver the recognizable ingredient label that consumers want at an affordable price. It is 100% sourced from Central European crops with the highest levels of quality, food safety, and reliable supply.
By product type, the Europe sunflower lecithin market is divided into standardised lecithin, de-oiled lecithin, process optimized lecithin, modified lecithin. By form, the Europe 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 Europe 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 Europe sunflower lecithin market is studied for region: The UK, Germany, France, Spain, Italy and the Rest of the Europe. UK and Germany are projected to hold the majority of shares during the forecast period.
| Market
Sizing for Year: | 2019-2029 |
| Base
Year: | 2022 |
| Forecast
Period: | 2023-2029 |
| Value: | USD million |
| Market
Segment studied: | Product Type Form Application |
| Market
Players and its Competitors: | Cargill Inc.
(US) Fisme
Lecithin (Germany) LECICO GmbH
(Germany) Sonic Biochem Extraction Pvt Ltd (IN) Bunge Limited
(US) Lipoid GmbH
(Germany) Archer Daniels Midland Company (Illinois) Sternchemie
GmbH & Co. KG (Germany) Sime
Darby Unimills B.V. (Netherlands) Wilmar
International (Singapore) |
FREQUENTLY ASKED QUESTIONS
What would be the forecast period in this report?
2023-2029 is the forecast period in this report.
What is the leading form of Europe sunflower lecithin market?
The liquid segment dominated the market and is projected to be the fastest-growing segment during the forecast period.
