Report ID: PMRREP33416
Number of Pages: 172
Format: PPT*, PDF, EXCEL
Industry: Chemicals and Materials
Published Date: June-2024
The market is expected to rise from US$1.55 Bn in 2024 to US$4.64 Bn by the end of 2033. The market for phospholipids is anticipated to secure a CAGR of 13.5% during the forecast period from 2024 to 2033.
Key Highlights of the Market
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Attributes |
Key Insights |
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Phospholipids Market Size (2024E) |
US$3.44 Bn |
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Projected Market Value (2033F) |
US$6.62 Bn |
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Forecast Growth Rate (CAGR 2024 to 2033) |
6.80% |
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Historical Growth Rate (CAGR 2019 to 2023) |
4.10% |
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The growth of the phospholipids market is driven by several key factors. One of the major factors fueling the market is the increasing use of nutraceuticals. Both phospholipids, and triglycerides are lipids that are widely used as nutritional supplements to enhance cognitive function.
This growing demand by consumers for functional foods and supplements has propped up market growth. The study by the National Institute of Health states that phospholipids also help maintain brain function and mental health while reducing stress and deficit hyperactivity disorder.
Such benefits include the use of these lipids in sports nutrition products. They boost athletic performance, faster recovery, and alleviate muscular pain.
There are mainly four types of phospholipids, namely phosphatidylcholine, phosphatidylethanolamine, phosphatidylserine, and sphingomyelin, that are used in the health sector.
Among these, phosphatidylcholine is widely used in infant formula, which is enriched with docosahexaenoic acid and arachidonic acid and is crucial for an infant’s growth.
The phospholipids market size is expanding due to its increasing application in a wide range of cosmetic products boosting skin glow, and alleviating skin problems.
Further, phospholipid bilayers, phospholipid structures containing two phospholipid layers with a head and tail, are gaining popularity in the pharmacological sector in drug delivery systems.
Phospholipids are engineered to improve radiation absorption by cancer tissues, thereby enhancing the therapeutic potential of certain treatments. Such factors highlight the increasing significance and growth potential of the phospholipid industry.
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Get a Customized VersionThe phospholipids market has been experiencing steady growth over the past few decades, fueled by factors such as its use in cosmetics, drug delivery, pharmaceuticals, and health care.
According to this analysis conducted by Persistence Market Research, market shares expanded at a CAGR of 4.1% between the historical period of 2019 and 2023.
The market has shown notable growth and is expected to continue a positive course in the coming years. The phospholipid industry share is expected to be valued at US$6.62 Bn by 2033, expanding at a CAGR of 6.8% from 2024 to 2033, with soy-derived phospholipids driving the market demand.
Emerging trends in the phospholipid industry include the use of phospholipids in the development of personalized nutrition and wellness products, as well as their potential for brain health and cognitive function. This presents a promising area for growth and development in the market.
Advancements in Nanotechnology
The recent advancements in nanotechnology have fueled the market notably. A phospholipid functions as a nanocarrier, revolutionizing drug delivery systems. This has opened new possibilities for personalized, and efficient treatments in the healthcare sector.
Phospholipids are important components that act as barriers and protect the cell against various diseases. As targeted treatment is gaining attention across the world, the use of phospholipids in drug delivery systems has increased. They are widely used in innovative pharmaceutical products to target cells and prevent the risk of disorders.
This has also stimulated the growth in research and development areas for analysing the potential of phospholipids for several disease control and prevention purposes. As the developments continue, the market is expected to grow rapidly in the coming years.
Rising Focus on Eco-Friendly Products
With the increasing focus on organic products and awareness about environmental emissions, customer interest in purchasing eco-friendly products has risen.
This has contributed to the widespread use of phospholipids in producing sustainable and environmentally friendly products that cater to consumer preferences and have a positive impact on the environment.
The phospholipids are being used in plant-based and renewable sources to meet consumer demand for effective and sustainable products. For example, dairy alternatives, produced through water extraction, replace milk proteins with phospholipids in plant-based beverages.
These beverages, rich in fiber and low in saturated fats, have lower levels of vitamins, potassium, magnesium, and zinc compared to dairy products. They can be fortified to increase the bioavailability of nutrients like calcium, magnesium, and vitamin D.
Replicability of Lecithin and Phospholipids
The increasing use of natural food additives like lecithin and phospholipids market is increasing in the food and beverage sector, which is driving its market growth.
This growth has also been driven by shifting consumer preferences to convenience food, changing work culture, and the global expansion of the retail industry.
However, the availability of alternatives, like sorbitan esters, and stearoyl lactylates, is hampering the market growth. Furthermore, the replicability of lecithin and phospholipids by synthetic alternatives is identified as a constraint on market growth.
Potential Threat to the Environment, and Human Health
The rise in demand for green and organic food and growth in trends among consumers for health benefits drive the demand for phospholipids.
However, the threat to the environment by genetically modified food and adverse reactions of phospholipids on human health are expected to hamper the market growth during the forecast period.
Increasing Focus on Skincare, and Organic Cosmetics
The shares of the cosmetic industry in the global market were around 19.5% in 2022. The increased focus on enhancing appearance, and skincare is propeling the production of a wide range of cosmetic products.
Most cosmetics that are made using chemicals cause several skin problems, including irritation, and redness on the skin, which has increased the popularity of products with natural ingredients without any chemical use.
With natural characteristics and several benefits, lipids are proven crucial components for treating a wide array of skin problems, which is attributed to the rising demand for phospholipids.
The increased lipid use is expected to elevate the profile of the cosmetics and personal care industries to gain significant shares and potential consumers in this market.
Integration of Phospholipid in Biological Functions
A phospholipid molecule contains two key fatty acids that are beneficial to maintaining the structural integrity and the essential functioning of cellular membranes in the body.
Furthermore, phospholipid’s low toxicity and structural diversity make them a major element in pharmaceutical formulations, leading to various biophysical, chemical, and technological properties.
Additionally, phospholipids play a crucial role in cell membranes, providing a fluid character to the membranes. They have a hydrophilic head and a hydrophobic tail, forming the inside of the phospholipid bilayer.
They are beneficial in the absorption of fat from the intestine, the electron transport chain in the mitochondria, and the synthesis of different lipoproteins, prostacyclins, prostaglandins, and thromboxanes.
Use in Drug Delivery Systems
Phospholipids are being widely utilized as important pharmaceutical excipients in drug delivery systems due to their excellent biocompatibility and amphiphilicity.
Their unique properties make them suitable for a wide range of applications in drug delivery systems, and the species of phospholipids used can impact the efficiency of drug delivery.
They are also utilized in a wide range of applications in the food and beverage industry, serving as emulsifiers, wetting agents, additives, solubilizers, and in the formation of liposomes and composite micelles.
Why Does India Account for a Significant Share of the Asia Pacific Phospholipids Market?
Demand for lecithin is high in India and is expected to hold around 56.9% share of the regional market. Around 70% of the total lecithin consumed in the country is imported primarily from global market players such as VAV Life Sciences, Cargill Incorporated, and Evonik Industries AG., besides a few others.
Expansion of the market in India is largely being driven by the rising demand for nutraceuticals and their usage in infant formula.
For instance:
What Does South Korea Account for High Phospholipid Demand?
South Korea is expected to be a prominent market for phospholipids. More people have now become conscious of their beauty and glamor quotient. As such, they are using various cosmetics and beauty creams to maintain their skin glow. Cosmetic product manufacturers use various chemicals as ingredients at the time of manufacturing the final product, and these chemicals can lead to skin irritation.
Consumers are shifting toward cosmetics made from natural sources. Phospholipid is an ideal component with its natural origin and multifunctional properties. It solves problems such as skin irritation and many others. Hence, demand for these lipids is increasing in the cosmetic and personal care industry, which has a noteworthy presence in South Korea.
One of the top 10 beauty markets in the world, South Korea is renowned for its inventiveness, mild ingredients, and attractive packaging.
Nutraceuticals Dominant over Other Application Areas
Based on application, the nutraceutical market held nearly 37.5% market share in 2022. The market was pushed by substantial demand for functional food, and dietary supplements owing to the continued maturation of end-use industries.
The widespread use of nutritional supplements is propelling the demand for phospholipids in the market.
Furthermore, phosphatidylserine supplements are a promising solution for stress and anxiety that help young people as well as children, and adolescents suffering from attention deficit hyperactivity disorder.
These supplements are also used in sports nutrition products to improve athletic performance, faster recovery, and reduce muscular pain. It is also enriched with docosahexaenoic acid and arachidonic acid, hence used in infant formula for their efficient growth.
Asia Pacific Reflects Booming Demand - from Food to Pharma
Asia Pacific dominates the global phospholipids market, holding a share exceeding one-third as of 2023. China, with its massive food & beverage industry, will be the growth engine.
In addition to growing demand for processed foods with low-fat and natural ingredients, expanding industries like dairy, bakery, and confectionery that extensively utilize phospholipids will be the major consumer areas, says the report.
It also highlights that increasing disposable income, rising levels of health consciousness among consumers, and an expanding population showing inclination towards nutraceutical consumption.
Greater emphasis on natural, non-GMO phospholipid sources like soy, and milk, and the rising demand in animal feed due to growing livestock populations will be the thriving trends shaping the market performance in Asia Pacific.
Key Countries
In India especially, the demand for lecithin and phospholipids is anticipated to secure about 56.9% share of the regional market.
Some of the key players, such as Cargill Incorporated, VAV Life Sciences, and Evonik Industries AG., are leading the Indian market with around 70% of the total lecithin consumed in the country.
The phospholipids market expansion here is heavily fueled by the high use of nutraceuticals in infant formula.
In this field, VAV Life Sciences has made wide developments in phospholipid-based dietary supplements, functional foods, cosmetics, and medications.
On the other hand, in South Korea, consumers are recently more concerned about their aesthetic appearance, leading to growing preference for organic and natural products for maintaining skin health.
Cosmetic product manufacturers thus aim to offer chemical-free products made of natural ingredients that increase their skin appearance and reduce skin issues.
This has led to the significant use of lipids in cosmetics in the South Korean region. As per the report by Korea Customs Service, South Korea imported the largest number of cosmetics, which is about US$560 Mn of cosmetic products.
Health, and Sustainability Set Stage for Phospholipids in Europe
Europe boasts the highest CAGR in the long run, indicating the fastest expansion in the global market for phospholipids.
The key growth drivers for the region include the increasing awareness of phospholipid health benefits, leading to a rise in nutraceutical applications.
Growing demand for high-quality food additives in the food and beverages industry further favors the growth of market here. Moreover, government support for innovation in the specialty lipids sector is also expected to support market expansion.
Similarly, the demand for phospholipids will be on the rise in drug delivery systems and cosmetics due to their functional properties. Focus on sustainable and eco-friendly production methods will be a major market highlight of European markets in long term.
The phospholipids market has been experiencing constant substantial expansion. Notably, the continuous developments in this sector are pushing the market boundaries.
May 2024
Aker BioMarine received its first patent for its PL+ DHA/EPA delivery technology platform, which uses natural marine phospholipids to maximize the uptake of other ingredients.
The technology allows dual solubility in water and fats, acts as an emulsifier, and boosts absorption up to 25x. The PL+ EPA/DHA formulation, based on krill phospholipids and processed fish oil, shows the combination of phospholipids and ethyl esters results in enhanced emulsions, essential for improving EPA and DHA uptake in the stomach.
April 2024
Lipoid Kosmetik won the 22nd annual BSB Innovation Awards, showcasing groundbreaking phospholipid-based products in the cosmetic and personal care industry. Its BakuLipid®, a blend of plant-derived retinol and unsaturated phospholipids, won the 3rd prize in the Cosmetics/Raw Materials/Actives category.
Another product, PhytoSolve® Astaxanthin, a pre-formed emulsion featuring astaxanthin and natural phospholipids, won the 3rd prize in the Cosmetics/Raw Materials/Functionals and Recipients category.
2023
A review published in Engineering by Fazheng Ren's research team at China Agricultural University highlights the importance of dietary lipids in preventing brain aging, and cognitive decline.
Phospholipids, such as phosphatidylcholine, phosphatidylserine, and plasmalogen, have been shown to promote brain health. The study shows the relationship between lipid homeostasis and brain aging, emphasizing the need for synaptic plasticity to prevent cognitive impairment.
The phospholipids market report will provide valuable insight with a focus on the fragmented nature of the industry. Prominent players are focusing on product launches and innovations.
Further, they focus on several key business strategies, such as partnerships, mergers and acquisitions, and joint ventures, to expand their product line and boost their market shares across different regions.
Manufacturers of phospholipids are adopting a range of pivotal initiatives, including investments in R&D activities, the installation of new manufacturing facilities, and supply chain optimization, to amplify their market position.
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2024 to 2033 |
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Historical Data Available for |
2019 to 2023 |
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The market is expected to rise from US$1.55 billion in 2024 to US$4.64 billion by the end of 2033.
Rising demand for organic foods and increasing fitness awareness are propelling market growth.
Cargill Incorporated, Archer Daniels Midland Company, and Evonik Industries AG are some of the leading market companies.
Threat to the environment and human health, and replicability of lecithin and phospholipids are the factors that are restraining the market expansion.
Focus on skincare, growing boom around organic cosmetics, and the use of phospholipids in drug delivery systems are the key opportunities in the market.
