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.
Emergen Research has published its latest report titled “Phospholipids Market By Type (Phosphatidic Acid, Phosphatidylglycerol, Phosphatidylethanolamine, and Others), By Product Type (Liquid, Powder, Particles), By Source (Natural, Synthetic), By Function, By Application, and By Region Forecast to 2028”
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:
Phosphatides or phospholipids are essential for forming the protective membrane that surrounds human body’s cells. It is composed of two alcohols, a phosphate group, and one or two fatty acids. Phospholipids are found in eggs, seed oils, meat, and seafood and are essential to health. It serves a variety of functions in the body, including functioning as a key component of cellular membranes and enabling the transportation and absorption of vital omega-3 fats. Increasing awareness regarding benefits of phospholipids is a major factor expected to boost market revenue growth over the forecast period.
In addition, rapid growth of food and beverages industry due to rapid industrialization and urbanization, increasing demand for cosmetic products containing natural ingredients due to social popularity are other factors contribute to market growth. Phospholipids are largely used as emulsifiers in the food industry, which are chemicals that disperse oil droplets in water so that the oil and water do not separate. Egg yolks, for example, are high in phospholipids and are used to keep mayonnaise from separating. However, side effects of phospholipids products such as skin irritation and limited research on phospholipids are factors that can restrain market growth to a certain extent during the forecast period.
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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
Phosphatidylcholine Segment Revenue to Expand at a Rapid CAGR:
Phosphatidylcholine segment is expected to register a rapid revenue CAGR over the forecast period attributed to increasing application of phosphatidylcholine in pharmaceutical sector for the treatment of various neurological disorders and health issues such as high cholesterol. In addition, increasing consumption of supplementary diets due to growing number of health-conscious consumers drives market growth segment. Phosphatidylcholine boost cognitive function, promote lipolysis and protect against medication side effects. It is generally found in eggs, soybeans, and nuts.
Pharmaceuticals Segment to Register Significant Revenue Growth:
Pharmaceuticals segment is expected to register significant revenue growth over the forecast period owing to wide scale usage of phospholipids in drugs and therapeutics to treat cancer, liver diseases and several related health conditions. Phospholipids are well-known excipients in the pharmaceutical industry. They’re used in a variety of formulations, including mixed micelles, suspensions, fat emulsions, and liposomal preparations for any route of administration.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to increasing demand for cosmetics products, rapid urbanization and growing consumer focus on health and wellness. In addition, presence of key players and increasing usage of phospholipids in nutraceuticals for treating cognitive disorders are some factors expected to contribute to market growth in the region.
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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.
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
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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- 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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