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Sunflower Lecithin Market to Reach $754.8 Million, Globally, by 2032 at 5.7% CAGR: Allied Market Research

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Allied Market Research

20 Oct, 2023, 14:15 GMT

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The sunflower lecithin market is driven by an increase in trends for health-related awareness and consumer's consciousness of their health and wellness, Clean Label and Non-GMO Movement, escalating demand from food industry, and rise of plant-based products.

PORTLAND, Ore., Oct. 20, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Sunflower Lecithin Market by Nature (Organic, Conventional), By Form (Liquid, Powder, Others), By End Use Industry (Food and Beverage, Cosmetics, Nutraceutical, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global sunflower lecithin market was valued at $324.6 million in 2018, and is projected to reach $ 754.8 million by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Sunflower lecithin, a natural lipid blend obtained from sunflower seeds, presents numerous functional advantages and potential health benefits across a range of industries. This versatile ingredient is well-known for its exceptional emulsifying and stabilizing properties and derived through mechanical or chemical methods from the oil-rich seeds of the sunflower plant. Fundamentally, lecithin consists of phospholipids, which are vital components of cell membranes found in both plant and animal cells. This distinctive composition empowers lecithin to serve as an efficient emulsifying agent, aiding in the even distribution of fat molecules within aqueous solutions.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/157138

Prime determinants of growth

The sunflower lecithin market is driven by an increase in trends for health-related awareness and consumer's consciousness of their health and wellness, Clean Label and Non-GMO Movement, escalating demand from food industry, and rise of plant-based products. However, volatility in prices of sunflower lecithin may restrain the growth of the sunflower lecithin market. Nevertheless, Rise in demand for natural ingredients, Growing plant-based and vegan markets, and Ongoing research and development will provide ample growth opportunities in the upcoming years.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2018

$324.6 million

Market Size in 2032

$754.8 million

CAGR

5.7 %

No. of Pages in Report

321

Segments covered

Nature, Form, End Use Industry, and Region.

Drivers

Health and wellness trends

Allergen concerns

Clean Label and Non-GMO Movement

Functional Properties

Escalating demand from food industry

Rise of plant-based products

Global supply chain and sustainability

Opportunities

Rise in demand for natural ingredients

Growing plant-based and vegan markets

Ongoing research and development

Restraints

Volatility in price

Supply Chain Disruptions

Limited Awareness

Technological Challenges

Covid-19 Scenario

  • The sunflower lecithin market, like many industries, has experienced various effects due to the COVID-19 pandemic. Restrictions on movement, lockdowns, and transportation disruptions have affected the supply chain of sunflower lecithin. This led to challenges in sourcing raw materials and transporting finished products .
  • Moreover, the pandemic and associated safety measures led to labor shortages, impacting production and distribution processes. In addition, changes in consumer behavior and economic uncertainty influenced the demand for certain products that use sunflower lecithin as an ingredient. For instance, shifts in consumption patterns could affect the demand for baked goods, confectionery, and other products that commonly use lecithin.
  • However, as restrictions ease and consumer confidence return, there is pent-up demand for products that were in lower demand during the pandemic. People are willing to spend on discretionary items, including products that use sunflower lecithin. Moreover, companies have reevaluated and adjusted their supply chains to enhance resilience and reduce vulnerabilities. This led to changes in sourcing strategies for ingredients like sunflower lecithin.

The powder segment to maintain its lead position during the forecast period

Based on the form, the powder segment accounted for the largest share in 2022, contributing to more than two-fifths of the global sunflower lecithin market revenue. The same segment is estimated to witness a notable CAGR of 6.0% during the forecast period. Consumers are increasingly seeking products with natural, recognizable ingredients. Sunflower lecithin powder aligns with the clean label trend, as it is a naturally derived ingredient that can replace synthetic additives and enhancers. This factor may act as one of the key drivers responsible for the growth of the sunflower lecithin market for powder form. Moreover, sunflower lecithin powder is used in baking to improve dough elasticity, moisture retention, and overall product quality. The demand for high-quality baked goods with improved texture and shelf life is driving the adoption of this ingredient.  These factors altogether may lead the sunflower lecithin market for powdered form to witness a significant growth during the forecast period.

Procure Complete Report (321 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/46AGG2v

The food and beverages segment to maintain its lead position during the forecast period

Based on application, the food and beverages segment accounted for the largest share in 2022, contributing to more than two-fifths of the global sunflower lecithin market revenue. Consumers are seeking foods and beverages that align with their health and wellness goals. Sunflower lecithin's potential nutritional benefits and functional properties contribute to its demand. Furthermore, sunflower lecithin improves the texture and mouthfeel of products, contributing to a more enjoyable eating experience. These factors altogether may surge the demand for sunflower lecithin in the growing food and beverage sector. However, the nutraceuticals segment would cite the fastest CAGR of 6.2% throughout the forecast timeframe.

North America to maintain its lead position during the forecast period

Based on region, North America accounted for the largest share in 2022, contributing to more than one-third of the sunflower lecithin market revenue. The same region is estimated to showcase the fastest CAGR of 5.8% during the forecast period. North America has been witnessing a trend toward healthier and more natural food and beverage products. This trend has driven the demand for natural emulsifiers and ingredients like sunflower lecithin, which is considered a clean-label alternative to synthetic emulsifiers. Furthermore, the region has a significant consumer base that follows plant-based diets or seeks allergen-free products. Sunflower lecithin, being plant-derived and allergen-free (compared to soy lecithin), has gained traction among manufacturers looking to cater to these consumer segments.

Leading Market Players: -

  • Ciranda, Inc.
  • Sonic Biochem
  • Lecilite
  • ConnOils LLC
  • Process Agrochem Industries Pvt Ltd.
  • GIIAVA
  • Fismer Lecithin Corporation
  • Sun Nutrafoods
  • MITUSHI BIO PHARMA
  • Matrix Life Science Private Limited

The report provides a detailed analysis of these key players in the sunflower lecithin market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/sunflower-lecithin-market/purchase-options

Similar Reports:

Liquid Chlorine Market: Global Opportunity Analysis and Industry Forecast, 2021-2031

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Cosmetic Chemicals Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Cosmetic Pigments Market: Global Opportunity Analysis and Industry Forecast, 2023-2032

Organic Chemicals Market: Global Opportunity Analysis and Industry Forecast, 2023-2032

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
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Delaware 19801 USA.
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