Phospholipids Market Summary
Global Phospholipids market size in terms of revenue is projected to reach 1,585.83 Million USD by 2029 from 1,161.6 Million USD in 2023, with a CAGR 5.33% during 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Phospholipids is estimated to increase from $ 358.61 million in 2023 to reach $ 460.38 million by 2029, at a CAGR of 4.25% during the forecast period of 2023 through 2029.
Europe market for Phospholipids is estimated to increase from $ 295.65 million in 2023 to reach $ 416.18 million by 2029, at a CAGR of 5.86% during the forecast period of 2023 through 2029.
Asia-Pacific market for Phospholipids is estimated to increase from $ 402.93 million in 2023 to reach $ 572.95 million by 2029, at a CAGR of 6.04% during the forecast period of 2023 through 2029.
The major global manufacturers of Phospholipids include Cargill, Avril, Croda, Lipoid and Nippon Fine Chemical etc. In 2022, the world's top five vendors accounted for approximately 45.14% of the revenue.
Product Definition
Natural phospholipids can be obtained from vegetable sources like, e.g., soybeans, rape (canola) seed, wheat germ, sunflower, and flax seed, and animal material, like egg yolk, milk, or krill. Also some phospholipids are synthetic. Phospholipids are used in pharmaceutical, dietary supplements, cosmetic etc fields.
- Product Picture of Phospholipids
Source: Secondary Sources and QYResearch, 2023
- Global Phospholipids MarketSize(US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Phospholipids Market Report 2023-2029.
Market Drivers:
- D1: The demand for phospholipids is increasing due to its versatile application in different sectors. This is particularly true in case of phospholipids derived from natural sources. The availability of raw material had enabled manufacturers utilize the resource and expand their product portfolio.
- D2: Consumers are becoming more careful about appearance and are using various cosmetics and cream to maintain their skin. Hence, people are inclining towards cosmetics made with ingredients derived from natural sources.
- D3: Phospholipids are ubiquitous molecules that participate in countless cellular processes. The biochemical and physiological properties of phospholipids are largely related to their amphipathic property. There are various phospholipid benefits in for example pharmaceutical products.
Restraint:
- R1: Side effects of using phospholipids-based products and lack of phospholipid research and phospholipid modification are some factors expected to hamper global phospholipids market revenue growth over the forecast eriod.
- R2: Replicability of lecithin & phospholipids by synthetic alternatives. There is limited availability of natural sources. Natural emulsifiers such as lecithin & phospholipids are yet to be manufactured on a larger scale.
- R3: Natural phospholipids purity is difficult to control, and the nature is relatively unstable which can be metabolized to lysophospholipids in the process of usage and storage.
Challenges:
- C1: Emerging markets and changing consumer lifestyles. The trend of consumer preference for low-fat products is rapidly rising, and marketing campaigns are planned around highlighting their use and health benefit claims.
- C2: The fluctuating prices of raw materials hinder the manufacturers’ profit margin. End-use manufacturers, especially food manufacturers, demand high-quality lecithin that can be sourced at low prices.
- C3: The chemical industry has higher requirements for environmental protection, which affects the development of some enterprises.
- Global Phospholipids Top10Players Ranking and Market Share（Continually updated）
Based on or includes research from QYResearch: Global Phospholipids Market Report 2023-2029.
The global key manufacturers of Phospholipids include Cargill, Avril, Croda, Lipoid, Nippon Fine Chemical, etc. In 2022, the global top four players had a share approximately 40.0% in terms of revenue.
- Phospholipids,Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Phospholipids Market Report 2023-2029. (US$ Million)
In terms of product type, currently Soy Phospholipids is the largest segment, hold a share of 43.1%.
- Phospholipids,Global Market Size, Split by ApplicationSegment
Based on or includes research from QYResearch: Global Phospholipids Market Report 2023-2029.
In terms of product application, currently Food is the largest segment, hold a share of 38.9%.
- Phospholipids,Global Market Size, Split by Region (Production) (US$ Million)
Based on or includes research from QYResearch: Global Phospholipids Market Report 2023-2029. (US$ Million)
- Phospholipids,Global Market Size, Split by Region（Tons）
Based on or includes research from QYResearch: Global Phospholipids Market Report 2023-2029. （Tons）
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