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Lecithin, which is a mixture of phospholipids and other minor substances like triglycerides and carbohydrates, is frequently used for emulsifying, homogenizing liquid mixtures, smoothing the texture of food, repelling stick-attracting material, and so on.
Sunflower lecithin is made by dehydrating sunflower seeds and separating them into three parts: solid, oil, and gum, in a cold press system similar to making extra virgin olive oil. The gum part of it is lecithin. Sunflower lecithin is non-GMO, natural, not a top allergen, and doesn't include synthetic compounds during handling. Sunflower lecithin is an excellent substitute for both soy lecithin and lecithin derived from animals. Additionally, it is high in essential nutrients like vitamins, minerals, choline, and healthy fatty acids. It is a versatile ingredient in the food industry because it can make a suspension out of two immiscible liquids, like oil and water. Due to its abilities as a natural emulsifier, it has gained popularity.
The sunflower lecithin market in the United States is driven by a number of factors, including consumer health awareness and growing demand for natural foods. In addition, there is rising demand for convenience foods as the working population grows and health benefits from their consumption. It has the potential to improve digestive health, lower blood pressure, and lower cholesterol levels. According to the US Food and Drug Administration, lecithin is "generally recognized as safe" (FDA). Due to its numerous health benefits, lecithin can be consumed as a medicine or used in the manufacture of medicines. Furthermore, increased demand for green and organic food products and growth in demand for other sources of lecithin give profitable prospects to the market players in the projection period. These factors are expected to drive the United States sunflower lecithin market’s growth over the foreseen period.
The rise in spending on research and development (R&D) by various private and government organizations is expected to contribute to the growth of the market. The market is growing in this region owing to the fact that consumers in the United Kingdom are becoming more aware of the nutritional value of sunflower lecithin. Additionally, the sales of plant-based goods are expected to increase at a significant rate in the United Kingdom in the forecast period. Thus, 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. It acts as an excellent emollient in the cosmetic industry by helping the skin breathe and stay moisturized for a long period of time. In the food industry, it acts as an emulsifier, which is finding new opportunities in various food categories, such as protein powders, desserts, bakery products, and functional beverages. It is expected to provide new growth opportunities in the upcoming years.
Estrogen levels may rise when a diet high in concentrated sunflower lecithin is consumed. Sunflower lecithin may interact with certain medications, such as blood thinners or cholesterol-lowering drugs, and have a negative impact on the human body. However, lecithin consumption may alter hormonal levels in women who are breastfeeding or pregnant. In addition, the market for sunflower lecithin will be hampered by the replication of synthetic alternatives and the health effects of excessive consumption. These are the factors that are anticipated to hamper the market's expansion over the projected period.
A key challenge that may affect the growth of the market is the increasing in raw material cost. The fluctuating prices of raw materials used for manufacturing sunflower lecithin and supply issues are anticipated to hamper the market's growth over the forecast period. It is a key factor which may challenge the market growth over the forecast period.
The report provides an in-depth analysis of United States 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 United States sunflower lecithin market comprises of different market segments like, product type, form and application.
By product type, the United States sunflower lecithin market includes key segments like
By product type, the United States sunflower lecithin market finds the key segments such as standardised lecithin, de-oiled lecithin, process optimized lecithin, and modified lecithin. Standardized lecithin is mainly composed of phospholipids, fatty acids, glycolipids, glycerol, triglycerides, and phosphoric acid. De-oiled lecithin is ideally used as emulsifiers, wetting agents, antioxidants, surfactants, dispersants, instantizing agents, viscosity modifiers, release agents, and lubricants.
By form, the United States sunflower lecithin market includes key segments like
By form, the United States sunflower lecithin market includes key segments such as powder, liquid, granules, and others. The liquid segment dominated the United States sunflower lecithin market during the forecast period. Due to its nutritive benefits as well as its capabilities as a lipophilic emulsifier, thickener, and emollient, it is widely used in the food and cosmetic industries. In addition, due to its applications in industrial coatings, cosmetics, food processing, and confectionaries, it is contributing to market expansion in this region. The powder or granule form is anticipated to witness high growth demand over the forecast period owing to its simple handling and compact packaging.
The United States sunflower lecithin market finds major applications in
On the basis of applications, the United States 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 of this segment is due to increasing awareness of health-promoting and self-care products and the aging of the population. Due to its emollient properties, the cosmetics industry is also a major consumer of sunflower lecithin.
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the United States sunflower lecithin market. In addition, complete analysis of changes on the United States 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 United States economies, international trade, business investments, and GDP and marketing strategies of key players present in the market.
The COVID-19 pandemic has significantly affected the health, economy, and society. Many manufacturing companies in the market are facing restrictions in production and production activities along with logistical difficulties due to continuous trade restrictions. On the other hand, supply chain disruption has affected the market. However, the growth has been high since the market opened after COVID-19, and it is expected that there will be considerable growth in the sector due to the rising demand for convenience foods as the working population grows and the health benefits of their consumption. The people's awareness of their health and interest in naturally derived food ingredients have led to rapid growth. This factor is further expected to drive the overall growth of the market.
The competitive landscape analysis of sunflower lecithin market is primarily focused on expanding the United States 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
November 2022: Novastell has launched a range of lecithin granules for use in food and beverage applications. Soycithin G97 IP is a conventional, non-GMO, and fully traceable form of soy lecithin, while Suncithin G96 is made from sunflower lecithin and is also free of GMOs and allergens.
By product type, the United States sunflower lecithin market is divided into standardised lecithin, de-oiled lecithin, process optimized lecithin, modified lecithin. By form, the United States 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 United States 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.
| Market
Sizing for Year: | 2019-2029 |
| Base
Year: | 2022 |
| Forecast
Period: | 2023-2029 |
| Value: | USD million |
| Market
Segment studied: | Product Type Form |
| Market
Players and its Competitors: | Cargill Inc.
(US) ConnOils LLC
(US) Ingredaco
(US) Lipoid GmbH
(Germany) Archer Daniels Midland Company (US) Sternchemie
GmbH & Co. KG (Germany) Ciranda (US) Wilmar
International (Singapore) American Lecithin Company (US) Novastell Ingredients
Essentials (France) |
