Chemicals

Global Phospholipid Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Phospholipids refer to lipid compounds made up of fatty acids, alcohol, phosphoric acids, and nitrogen base. It is the major component of the cell membrane, which gives the fluid character to the membranes. Phospholipids are used as an emulsifier, wetting agents, solubilizers, and liposome former across various industries.

Sizing and Forecast

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 growth in the historic period can be attributed to rising demand for natural ingredients, pharmaceutical applications, nutraceutical and dietary supplements, cosmetics and personal care, food industry applications..

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 growth in the forecast period can be attributed to nutraceutical and functional foods, clean label trend, cosmetics and personal care innovations, biotechnological and industrial applications, research and development investments. . Major trends in the forecast period include advanced drug delivery systems, functional foods and supplements, liposomal formulations, research in lipidomics, enhanced cosmetic formulations..

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Segmentation & Regional Insights

The phospholipid market covered in this report is segmented –

1) By Type: Phosphatidic Acid, Phosphatidylglycerol, Phosphatidylethanolamine, Phosphatidylcholine, Phosphatidylserine, Phosphoinositides
2) By Source: Soy, Eggs, Other Sources
3) By Form: Powder, Granule
4) By Application: Nutrition and Supplements, Pharmaceuticals, Other Applications

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

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Major Driver Impacting Market Growth

The growing adoption of a healthy lifestyle is expected to boost the growth of the phospholipid market going forward. A healthy lifestyle is defined as an individual having good physical, mental, and social health. Maintaining a healthy lifestyle requires a regular intake of phospholipids through diet and supplementation that help to prevent and treat a wide range of medical disorders such as cardiac health, brain health, liver protection, and others because it supports a wide range of physiological functions such as continuing growth, maintenance, and repair of each cell. For instance, a survey commissioned by the British Nutrition Foundation, a UK-based registered charity, that delivers impartial, authoritative, and evidence-based information on food and nutrition, revealed that in 2021, approximately 62% of Britishers have made a change to their diet to get healthier over the past year. Therefore, the growing adoption of a healthy lifestyle is driving the growth of the phospholipid market.

Key Industry Players

Major companies operating in the phospholipid market are focused on enzyme products such as microbial phospholipase A2 enzyme to provide a microbial alternative. Microbial phospholipase A2 is an enzyme that catalyzes the hydrolysis the ester bond in phospholipids, resulting in the release of a fatty acid and lysophospholipid. For instance, in February 2021, Biocatalysts, a UK-based biotechnology company, launched its Lipomod 833L2, a microbial phospholipase A2 enzyme specifically designed for modifying egg yolks to produce lyso-lecithin with superior emulsifying properties and improved heat stability, particularly beneficial in mayonnaise and sauce manufacture. This enzyme serves as a microbial alternative to porcine-derived phospholipase A2, addressing the demand for Kosher and Halal certified, and vegetarian products. The development of Lipomod 833L2 also involved the addition of a new yeast host, Yarrowia lipolytica, to achieve higher fermentation yields and activity.

The phospholipid market report table of contents includes:

1. Executive Summary

2. Phospholipid Market Characteristics

3. Phospholipid Market Trends And Strategies

4. Phospholipid Market – Macro Economic Scenario

5. Global Phospholipid Market Size and Growth
….

31. Global Phospholipid Market Competitive Benchmarking

32. Global Phospholipid Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Phospholipid Market

34. Phospholipid Market Future Outlook and Potential Analysis

35. Appendix

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