The Latin America, Middle East and Africa Lecithin Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
The rise in demand for organically derived components around the world is one of the key factors propelling the growth of the Lecithin Market. The ingredients are in high demand due to the ease with which they may be obtained in nature and multiple applications of lecithin in various industries and a rise in consumer awareness of clean label products. An increase in popularity of sunflower-based lecithin is influencing the market due to benefits such as ease of handling along with neutral flavor, as well as the product's application in dietary foods like capsules and tablets, bakery items, and convenience meals like instant soups and sauces.
This aids in the dissemination of information regarding the usage of lecithin as a supplement. Lecithin is getting popular in the cosmetics sector, especially in skincare products. By lowering the interfacial tension of the emulsified constituents, lecithin aids in the formation of emulsions. Several skincare, as well as personal care products, are being launched by leading cosmetics brands. Moreover, rising demand for organic and green food products, and a rise in the demand for alternate sources of lecithin, would present profitable opportunities for market players throughout the forecast period.
Because of the vast area of land for soybean farming in Central and South America, it is one of the fastest-growing regions. Major countries that grow soybeans, such as Argentina and Brazil, are driving demand. End-use sectors are likely to benefit from shifting consumer patterns and increased disposable incomes.
Moreover, the surging utilization of lecithin in the regional pharmaceuticals sector is also a major driver of the increasing demand for lecithin across the region. According to the National Library of Medicines, the UAE has developed a large pharmaceutical manufacturing base in recent years. The foundation of Gulf Pharmaceutical Industries, often known as Julphar, in the Emirate of Ras Al Khaimah, laid the foundation for the UAE pharmaceutical sector. With the introduction of new enterprises such as Globalpharma and Gulf Injects in Dubai, Neopharma in Abu Dhabi, and Medpharma in Sharjah in recent years, the industry has grown even more.
The Brazil market dominated the LAMEA Lecithin Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $49.8 Million by 2028. The Argentina market is experiencing a CAGR of 7.8% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 6.9% during (2022 - 2028).
Based on Application, the market is segmented into Feeds, Food & beverages, Industrial, and Healthcare. Based on Nature, the market is segmented into GMO and Non-GMO. Based on Type, the market is segmented into Fluid, De-oiled, and Modified. Based on Source, the market is segmented into Soy, Sunflower, Rapeseed & canola, Egg, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Lecithin Market is Predict to reach $2.5 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Bunge Limited, DuPont de Nemours, Inc., Wilmar International Limited, Kewpie Corporation, IMCD N.V., Avril Group, Lipoid GmbH, Stern-Wywiol Gruppe GmbH & Co. KG, and Cargill Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Feeds
- Food & beverages
- Industrial
- Healthcare
By Nature
By Type
By Source
- Soy
- Sunflower
- Rapeseed & canola
- Egg
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Archer Daniels Midland Company
- Bunge Limited
- DuPont de Nemours, Inc.
- Wilmar International Limited
- Kewpie Corporation
- IMCD N.V.
- Avril Group
- Lipoid GmbH
- Stern-Wywiol Gruppe GmbH & Co. KG
- Cargill Corporation
TABLE 1 LAMEA Lecithin Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Lecithin Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Lecithin Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Lecithin Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Feeds Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Feeds Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Food & beverages Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Food & beverages Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Lecithin Market by Nature, 2018 - 2021, USD Million
TABLE 14 LAMEA Lecithin Market by Nature, 2022 - 2028, USD Million
TABLE 15 LAMEA GMO Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA GMO Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Non-GMO Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Non-GMO Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Lecithin Market by Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Lecithin Market by Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Fluid Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Fluid Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA De-oiled Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA De-oiled Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Modified Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Modified Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Lecithin Market by Source, 2018 - 2021, USD Million
TABLE 28 LAMEA Lecithin Market by Source, 2022 - 2028, USD Million
TABLE 29 LAMEA Soy Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Soy Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Sunflower Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Sunflower Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Rapeseed & canola Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Rapeseed & canola Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Egg Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Egg Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Lecithin Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Lecithin Market by Country, 2022 - 2028, USD Million
TABLE 41 Brazil Lecithin Market, 2018 - 2021, USD Million
TABLE 42 Brazil Lecithin Market, 2022 - 2028, USD Million
TABLE 43 Brazil Lecithin Market by Application, 2018 - 2021, USD Million
TABLE 44 Brazil Lecithin Market by Application, 2022 - 2028, USD Million
TABLE 45 Brazil Lecithin Market by Nature, 2018 - 2021, USD Million
TABLE 46 Brazil Lecithin Market by Nature, 2022 - 2028, USD Million
TABLE 47 Brazil Lecithin Market by Type, 2018 - 2021, USD Million
TABLE 48 Brazil Lecithin Market by Type, 2022 - 2028, USD Million
TABLE 49 Brazil Lecithin Market by Source, 2018 - 2021, USD Million
TABLE 50 Brazil Lecithin Market by Source, 2022 - 2028, USD Million
TABLE 51 Argentina Lecithin Market, 2018 - 2021, USD Million
TABLE 52 Argentina Lecithin Market, 2022 - 2028, USD Million
TABLE 53 Argentina Lecithin Market by Application, 2018 - 2021, USD Million
TABLE 54 Argentina Lecithin Market by Application, 2022 - 2028, USD Million
TABLE 55 Argentina Lecithin Market by Nature, 2018 - 2021, USD Million
TABLE 56 Argentina Lecithin Market by Nature, 2022 - 2028, USD Million
TABLE 57 Argentina Lecithin Market by Type, 2018 - 2021, USD Million
TABLE 58 Argentina Lecithin Market by Type, 2022 - 2028, USD Million
TABLE 59 Argentina Lecithin Market by Source, 2018 - 2021, USD Million
TABLE 60 Argentina Lecithin Market by Source, 2022 - 2028, USD Million
TABLE 61 UAE Lecithin Market, 2018 - 2021, USD Million
TABLE 62 UAE Lecithin Market, 2022 - 2028, USD Million
TABLE 63 UAE Lecithin Market by Application, 2018 - 2021, USD Million
TABLE 64 UAE Lecithin Market by Application, 2022 - 2028, USD Million
TABLE 65 UAE Lecithin Market by Nature, 2018 - 2021, USD Million
TABLE 66 UAE Lecithin Market by Nature, 2022 - 2028, USD Million
TABLE 67 UAE Lecithin Market by Type, 2018 - 2021, USD Million
TABLE 68 UAE Lecithin Market by Type, 2022 - 2028, USD Million
TABLE 69 UAE Lecithin Market by Source, 2018 - 2021, USD Million
TABLE 70 UAE Lecithin Market by Source, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Lecithin Market, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Lecithin Market, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Lecithin Market by Application, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Lecithin Market by Application, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Lecithin Market by Nature, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Lecithin Market by Nature, 2022 - 2028, USD Million
TABLE 77 Saudi Arabia Lecithin Market by Type, 2018 - 2021, USD Million
TABLE 78 Saudi Arabia Lecithin Market by Type, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Lecithin Market by Source, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Lecithin Market by Source, 2022 - 2028, USD Million
TABLE 81 South Africa Lecithin Market, 2018 - 2021, USD Million
TABLE 82 South Africa Lecithin Market, 2022 - 2028, USD Million
TABLE 83 South Africa Lecithin Market by Application, 2018 - 2021, USD Million
TABLE 84 South Africa Lecithin Market by Application, 2022 - 2028, USD Million
TABLE 85 South Africa Lecithin Market by Nature, 2018 - 2021, USD Million
TABLE 86 South Africa Lecithin Market by Nature, 2022 - 2028, USD Million
TABLE 87 South Africa Lecithin Market by Type, 2018 - 2021, USD Million
TABLE 88 South Africa Lecithin Market by Type, 2022 - 2028, USD Million
TABLE 89 South Africa Lecithin Market by Source, 2018 - 2021, USD Million
TABLE 90 South Africa Lecithin Market by Source, 2022 - 2028, USD Million
TABLE 91 Nigeria Lecithin Market, 2018 - 2021, USD Million
TABLE 92 Nigeria Lecithin Market, 2022 - 2028, USD Million
TABLE 93 Nigeria Lecithin Market by Application, 2018 - 2021, USD Million
TABLE 94 Nigeria Lecithin Market by Application, 2022 - 2028, USD Million
TABLE 95 Nigeria Lecithin Market by Nature, 2018 - 2021, USD Million
TABLE 96 Nigeria Lecithin Market by Nature, 2022 - 2028, USD Million
TABLE 97 Nigeria Lecithin Market by Type, 2018 - 2021, USD Million
TABLE 98 Nigeria Lecithin Market by Type, 2022 - 2028, USD Million
TABLE 99 Nigeria Lecithin Market by Source, 2018 - 2021, USD Million
TABLE 100 Nigeria Lecithin Market by Source, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Lecithin Market, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Lecithin Market, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Lecithin Market by Application, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA Lecithin Market by Application, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Lecithin Market by Nature, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Lecithin Market by Nature, 2022 - 2028, USD Million
TABLE 107 Rest of LAMEA Lecithin Market by Type, 2018 - 2021, USD Million
TABLE 108 Rest of LAMEA Lecithin Market by Type, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Lecithin Market by Source, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA Lecithin Market by Source, 2022 - 2028, USD Million
TABLE 111 key Information – Archer Daniels Midland Company
TABLE 112 Key Information – Bunge Limited
TABLE 113 Key Information –DuPont de Nemours, Inc.
TABLE 114 Key Information – Wilmar International Limited
TABLE 115 Key Information – Kewpie Corporation
TABLE 116 Key Information – IMCD N.V.
TABLE 117 Key Information – Avril Group
TABLE 118 Key Information – Lipoid GmbH
TABLE 120 Key Information – Cargill Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Archer Daniels Midland Company