Rapidly increasing global population, surging demand for cosmetic products with natural ingredients, and rising number of health conscious individuals across the globe are expected to drive global market growth.
Rapidly increasing global population, surging demand for cosmetic products with natural ingredients, and rising number of health conscious individuals across the globe are expected to drive global market growth
According to Emergen Research, the global phospholipids market size was USD 3.21 billion in 2020 and is expected to reach USD 4.81 billion in 2028 and register a revenue CAGR of 5.3% during the forecast period, 2021-2028.
Market Dynamics:
Phospholipids are amphiphilic molecules consisting of a glycerol unit, two fatty acids, and a phosphate group, esterified to an organic molecule such as ethanolamine, inositol, or choline. These phospholipids occur naturally in all living organisms and are commonly derived from egg yolk, milk, soybeans, corn, canola, or marine organisms. Phospholipids have many health benefits as these facilitate transportation and absorption of essential omega3-fatty acids in the body and are a promising ingredient used in many health products. Thus, there has been a significant increase in the application of phospholipids in cosmetics, pharmaceuticals, nutrition and supplements. Revenue growth of the phospholipids market is significantly driven by factors such as increasing demand for naturally sourced and sustainable ingredients, rising adoption of healthy lifestyles, and high consumption of functional foods and beverages along with convenience products.
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Other factors such as rapidly growing food and beverage and pharmaceutical sectors, increasing need for phospholipids for strengthening gut lining, high demand for phospholipid-based drugs to repair damaged liver and treat diseases such as aging and cognitive disorders, cancer are expected to fuel global market revenue growth going ahead. However, factors such as side effects of using phospholipid-based products, increasing GMO concerns, fluctuating prices of the raw materials, and low awareness about benefits of phospholipids in many developing countries are expected to hamper global phospholipids market growth to a significant extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Natural Segment to Account for Largest Revenue Share:
The natural segment is expected to account for largest revenue share between 2021 and 2028. Factors such as increasing demand for organic and sustainable products as a substitute for synthetic products, rising health conscious population, and growing investments in research and development activities are expected to drive revenue growth of the segment.
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Food and Feed Segment Register Rapid Revenue CAGR:
The food and feed segment is expected to register rapid revenue CAGR over the forecast period. This can be attributed to factors such as growing inclination towards healthy food consumption, increasing demand for convenience foods, high demand for healthy and organic food, and high usage of lecithin as natural antioxidant in the food and beverage industry.
North America To Lead In Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share between 2021 and 2028 owing to changing lifestyle preferences, increasing demand for organic and green ingredients, packaged and convenience food, rising awareness about functional food, and high focus on maintaining good health. Other factors such as rising regional population, increasing demand for phospholipids in pharmaceutical and cosmetic sectors due to high usage of cosmetic and skincare products, and rising investments in research and development activities are expected to fuel market growth in North America.
Major Companies in the Market Include:
- Archer Daniels Midland Company
- Cargill, Inc.
- Bunge Ltd.
- Avanti Polar Lipids, Inc.
- DowDuPont, Inc.
- Wilmar International Ltd.
- Berg + Schmidt GmbH & Co. KG
- Lipoid GmbH
- Kewpie Corporation
- Sime Darby Unimills B.V.
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For the purpose of this report, Emergen Research has segmented the global phospholipids on the basis of type, product type, source, function, application, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Phosphatidic Acid
- Phosphatidylglycerol
- Phosphatidylethanolamine
- Phosphatidylcholine
- Phosphatidylserine
- Phosphoinositides
- Phosphatidylinositol
- Phosphatidylinositol Phosphate
- Phosphatidylinositol Bisphosphate
- Phosphatidylinositol Trisphosphate
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Liquid
- Powder
- Particles
Source Outlook (Revenue, USD Billion; 2018–2028)
- Natural
- Sunflower
- Soybean
- Rapeseed
- Egg
- Corn
- Canola
- Synthetic
Function Outlook (Revenue, USD Billion; 2018–2028)
- Texturizers
- Emulsifiers
- Stabilizers
- Releasing Agent
- Binding Agent
Application Outlook (Revenue, USD Billion; 2018–2028)
- Pharmaceuticals
- Personal Care
- Food & Feed
- Others
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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