PUBLISHER: The Business Research Company | PRODUCT CODE: 1409697
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409697
“Phospholipid Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on phospholipid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for phospholipid? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The phospholipid market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Phospholipids are lipid compounds composed of fatty acids, alcohol, phosphoric acids, and a nitrogen base. They serve as the primary constituent of the cell membrane, imparting a fluid characteristic to the membranes. Across diverse industries, phospholipids find applications as emulsifiers, wetting agents, solubilizers, and liposome formers.
The principal varieties of phospholipids encompass phosphatidic acid, phosphatidylglycerol, phosphatidylethanolamine, phosphatidylcholine, phosphatidylserine, and phosphoinositides. A phospholipid, or compound fatty acid, denotes phosphatidic acid and is produced through the covalent bonding of two fatty acids with a phosphate group and a glycerol molecule. This compound is utilized as a therapeutic agent for addressing various conditions, including depression, mental stress, medications, and cancer. Derived from sources such as soy and eggs, phospholipids are available in powder and granule forms, applied in diverse sectors such as nutrition and supplements, pharmaceuticals, among others.
The phospholipid market research report is one of a series of new reports from The Business Research Company that provides phospholipid market statistics, including phospholipid industry global market size, regional shares, competitors with a phospholipid market share, detailed phospholipid market segments, market trends, and opportunities, and any further data you may need to thrive in the phospholipid industry. This phospholipid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The phospholipid market size has grown strongly in recent years. It will grow from $3.4 billion in 2023 to $3.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The expansion observed in the historical period can be ascribed to an increasing demand for natural ingredients, applications in pharmaceuticals, nutraceuticals and dietary supplements, as well as utilization in cosmetics, personal care, and the food industry.
The phospholipid market size is expected to see strong growth in the next few years. It will grow to $4.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be linked to factors such as the prominence of nutraceuticals and functional foods, the emergence of the clean label trend, innovations in cosmetics and personal care, advancements in biotechnological and industrial applications, and increased investments in research and development. Noteworthy trends expected in the forecast period encompass advanced drug delivery systems, the development of functional foods and supplements, the formulation of liposomal products, ongoing research in lipidomics, and the enhancement of cosmetic formulations.
The anticipated growth of the phospholipid market is set to be driven by the increasing adoption of a healthy lifestyle. A healthy lifestyle encompasses good physical, mental, and social health, necessitating a regular intake of phospholipids through diet and supplements. These phospholipids play a crucial role in preventing and treating various medical disorders, including those related to cardiac health, brain health, and liver protection. The British Nutrition Foundation revealed that around 62% of Britons adjusted their diets in 2021 to pursue a healthier lifestyle, underscoring the influence of this trend on the phospholipid market.
The rise in the aging population is expected to contribute significantly to the growth of the phospholipid market. As the proportion of elderly individuals in society increases, phospholipids become essential for maintaining cell membrane structure and function, potentially mitigating age-related cognitive decline. The World Health Organization projected that by 2030, one in six individuals globally would be 60 years or older, with the global population of individuals aged 60 and older expected to double to 2.1 billion by 2050. This demographic shift is a key driver for the phospholipid market.
A prominent trend in the phospholipid market is the focus on product innovation by major companies. These companies are actively developing innovative products to enhance their market position. For instance, Fonterra Co-operative Group Limited introduced NZMP milk phospholipids, a milk-based phospholipid, in January 2021. This product is derived from non-GMO, rBST-free, grass-fed New Zealand cow's milk, offering minimal lactose and sugar content, higher healthy whey protein, and a pleasant flavor suitable for various food and beverage products.
Majojr companies are concentrating on enzyme products, such as microbial phospholipase A2 enzyme, to provide alternatives in response to market demands. In February 2021, Biocatalysts launched Lipomod 833L2, a microbial phospholipase A2 enzyme designed to modify egg yolks for superior emulsifying properties and improved heat stability, addressing the need for Kosher and Halal certified, and vegetarian products.
In July 2023, Croda International Plc acquired Solus Biotech for an undisclosed amount. This acquisition expands Croda's access to Solus' biotech-derived ceramide and phospholipid technologies, along with emerging capabilities in natural retinol. Solus Biotech, based in South Korea, produces phospholipids at a GMP plant, offering applications as delivery systems for pharmaceutical actives and cosmetics.
Major companies operating in the phospholipid market report are The Archer-Daniels-Midland Company, Bunge India Private Limited, Cargill Incorporated, Wilmar International Limited, Lasenor Emul SL, Kewpie Corporation, Lipoid GmbH, Sojaprotein, VAV Life Sciences Pvt. Ltd., Avanti Polar Lipids Inc., Lecico GmbH, Sime Darby Oils Zwijndrecht Refinery B.V., Stern-Wywiol Gruppe, Berg + Schmidt India Pvt. Ltd., Novastell India Private Limited, American Lecithin Company, Austrade, Barentz International BV, Beijing Gingko-Group Biological Technology Co. Ltd, Bergstrom Nutrition Inc., BioActor BV, Bioiberica S.A.U., Caelus Health B.V., Chemi S.p.A., Croda International Plc., Denofa AS, De Nederlandse Staatsmijnen, Enzymotec Ltd., Royal FrieslandCampina N.V., Gnosis Advanced Biotech, HARKE Chemicals GmbH, Jiusan Oils & Grains Industries Group, Kerry Group plc
North America was the largest region in the phospholipid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the phospholipid market during the forecast period. The regions covered in the phospholipid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the phospholipid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The phospholipid market consists of sales of phosphatidylinositol, cardiolipin, and sphingomyelin. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.