Phospholipids Market Size (2024 - 2029)

Phospholipids Market Analysis

The Phospholipids market is projected to register a CAGR of 5.6% during the forecast period, 2022-2027.

The demand for phospholipids has been increasing in various industries including food, supplements, and pharmaceutical owing to their versatile property. In addition, the abundant availability of raw materials had enabled the manufacturers to utilize the resource and expand their product portfolio. For instance, in 2021, Fonterra Co-Operative Group Limited, the New Zealand company launched NZMP milk phospholipid 70 under the brand name NZMP. This phospholipid ingredient is suitable for various food and beverage products including supplement sachets, nutritional bars, and ready-to-mix health powders, and is specially formulated for mood enhancement and cognitive performance under stress issues that have been amplified during the pandemic period.

Subsequently, phospholipid is a promising natural ingredient for nutritional supplements products owing to the increasing demand for natural health supplements. In addition, the growing adoption of a healthy lifestyle coupled with increasing consumption of functional and convenience foods are further increasing the demand for phospholipid ingredients which in turn drives the market growth in the forecast period.

Owing to its emulsifying property, phospholipid has wide application in the food and confectionery industry. In addition, infant formula is the fastest growing application segment for phospholipids as it is rich in DHA, ALA, and omega fatty acids which are essential components for infant nutrition. This attribute will impact positively the phospholipid ingredients in the global market.

Phospholipids Industry Segmentation

A phospholipid is a type of lipid molecule that contain two fatty acids, a phosphate group, and a glycerol molecule. The global phospholipids market (henceforth referred to as the market studied) is segmented by type, source, application, and geography. By type, the market is segmented into phosphatidylserine, phosphatidylcholine, and others. Based on the source, the market is segmented into soy, sunflower, egg, and others. Based on the application, the market studied is segmented into food & beverages, nutraceutical supplements, pharmaceuticals, and others. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).