The global phospholipids market is expected to reach a valuation of US$ 1,766 million by 2023. It is likely to accelerate at a CAGR of 6.7% between 2023 and 2033
Rising demand for natural phospholipids to be used in natural cosmetics owing to the high inclination towards natural skin products, along with various health benefits offered by phospholipids in nutraceuticals and infant formulas, will continue pushing sales in the phospholipids market.
Abundant availability of raw materials such as sunflower, rapeseeds, milk, corn etc., and versatility of phospholipids in wide end use applications is contributing to the growth of the phospholipids market. Besides this, increasing frequency in new product launching from the key players, is expected to continue pushing sales of phospholipids.
As per FMI’s regional analysis, US is anticipated to dominate the global phospholipids market. Growth can be attributed to consumer investments on personal care products especially in skin care products, and to presence of prominent manufacturers, forecasting a huge demand for the same in the coming years.
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Key Takeaways:
- By product type, natural phospholipids is expected to account for more than 63.7% of total phospholipids market share in 2022.
- Sales of phospholipids applied in nutraceuticals is anticipated to hold about 43.7% of the total phospholipids market share in 2022.
- The U.S. is anticipated to hold a dominant share of 80.2% of the North America phospholipids market in 2022.
- China will remain as a lucrative market, creating an incremental opportunity of US$ 331.1 Mn in 2032.
- Germany is projected to account for 18.8% of the Europe phospholipids market share in 2032.
- China and Japan will hold 9.0% and 4.9% of the global phospholipids market share respectively in 2032.
Competitive Landscape
Leading players operating in the global phospholipids market include Avanti Polar Lipids Inc., Bunge Ltd., Cargill, Inc., Lecico GmbH, Lipoid GmbH, VAV Life Sciences Pvt. Ltd., Matreya, LLC, NOF CORPORATION, and others.
Leading players operating in the phospholipids market are engaging in strategic mergers and acquisitions, and are focusing on expansion of their production capacities. Apart from this, players are increasing investments in research and development to develop high quality phospholipids for different end use applications. For instance:
- In 2017, Larodan AB hired synthesis chemists for research and development of new lipid products or phospholipids, and sales and marketing coordinators to strengthen their relationship with international customers of phospholipids.
- In 2019 Avril Group manufacturer of oil and ingredient solutions acquired the Lecico GmbH to expand the business activities in Germany. By acquisition, the company aimed to enhance their product line and market coverage in the global level. As a result of acquisition Lecico GmbH launched two sunflower lecithin manufacturing plant in France and Romania.
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Phospholipids Markey By Category
By Product Type :
- Natural
- Soybean
- Sunflower
- Rapeseed
- Egg
- Others (Milk, Peanuts, etc.)
- Synthetic
By Application :
- Cosmetics
- Skin Care
- Hair Care
- Pharmaceuticals
- Nutraceuticals
By Function :
- Emulsifiers
- Texturizers
- Stabilizers
- Binding Agents
- Releasing Agents
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Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
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