Saudi Arabia Lecithin & Phospholipids Market (2022-2028) | Size, Share, Outlook, Growth, Industry, Revenue, Forecast, Analysis, Trends, Value & COVID-19 IMPACT

Saudi Arabia Lecithin & Phospholipids Market Synopsis

Saudi Arabia Lecithin & Phospholipids Market has growing at a steady pace owing to many industries and demand from the market. The rising demand for processed food & beverages and personal care products, along with the growing awareness of the health benefits of lecithin & phospholipids, are the major factors driving the growth of this market.

According to 6Wresearch, the Saudi Arabia Lecithin & Phospholipids Market size is expected to grow during 2022-2028. Lecithin is a natural substance found in all living cells. It is essential for the proper functioning of the cell membrane and is also a key component of lipoproteins, which transport fats and cholesterol in the blood. Lecithin is a source of essential fatty acids and phospholipids, which are necessary for the proper functioning of the body. Phospholipids are a type of lecithin that contains phosphorus. Both lecithin and phospholipids are important for human health and are found in many foods, including soybeans, eggs, and fish. Lecithin supplements are used to treat a variety of conditions, including liver disease, high cholesterol, Alzheimer's disease, and Parkinson's disease.

End-Use Drivers for the Saudi Arabia Lecithin & Phospholipids Market Growth

Lecithin and phospholipids are important ingredients in a variety of food and non-food applications. The Saudi Arabia Lecithin & Phospholipids Market revenue has been growing at a rapid pace due to the increasing demand from various industries such as food & beverage, pharmaceuticals, cosmetics, and animal feed.

The food & beverage industry is the largest consumer of lecithin & phospholipids in Saudi Arabia. Lecithin is used as an emulsifier in various food products such as margarine, chocolate, salad dressings, and baked goods. Phospholipids are used as emulsifiers, stabilizers, and thickening agents in various food products such as dairy products, desserts, soups, sauces, and salad dressings.

The pharmaceutical industry is the second-largest consumer of lecithin & phospholipids in Saudi Arabia. Lecithin is used as an excipient in various pharmaceutical formulations. Phospholipids are used as active ingredients in various drugs and dietary supplements.

The cosmetics industry is the third-largest consumer of lecithin & phospholipids in Saudi Arabia. Lecithin is used in various cosmetic formulations such as skin creams, hair care products, make-up removers, and bath oils. Phospholipids are used as emollients and surfactants in various cosmetic formulations.

Impact of COVID-19 on the Saudi Arabia Lecithin & Phospholipids Market

The Global Lecithin & Phospholipids Market has plummeted during the pandemic owing to the measures that were taken to stop the advent of the virus and this resulted in the strict lockdown and global quarantine. This has not been conducive for the end-user in the market as the demand for their products dropped to a great extent during the pandemic.

Market Analysis Based on Source

In terms of source, the Saudi Arabia lecithin & phospholipids market has been segmented into soy lecithin, egg lecithin, sunflower lecithin, palm lecithin, and others. Among these, soy lecithin holds the largest share in the market due to its wide range of applications in food & beverage and animal feed industries. The growth of this segment can be attributed to the rising demand for soy-based products from the food & beverage industry.  Soy lecithins are derived from soybean oil and are rich in essential fatty acids and phospholipids. They offer numerous health benefits such as lowering cholesterol levels, improving cognitive function, and reducing inflammation.

Sunflower lecithin is another popular type of lecithin & phospholipids in Saudi Arabia. Sunflower leciths are derived from sunflower oil and are rich in essential fatty acids and phospholipids. They offer numerous health benefits such as lowering cholesterol levels, improving cognitive function, reducing inflammation, and boosting immune.

Market Analysis Based on Application

In terms of application, the market has been segmented into food & beverage, animal feed, pharmaceuticals/nutraceuticals/dietary supplements, cosmetics & personal care, and others. The food & beverage industry is the largest application segment of this market. The growth of this segment can be attributed to rising demand for emulsifiers in various food applications such as bakery products, confectioneries, dairy products, and others.

Saudi Arabia Lecithin & Phospholipids Market, by Geography

The Saudi Arabia lecithin & phospholipids market is segmented into Western Province, Central Province, and Eastern Province.

In 2016, the Western Province accounted for the largest share of the Saudi Arabia lecithin & phospholipids market. The region is expected to witness the highest growth during the forecast period due to the presence of major players in this region.

The Central Province is expected to be the second-largest market for lecithin & phospholipids in Saudi Arabia. This growth can be attributed to factors such as growing population and rising income levels.

The Eastern Province is expected to be the third-largest market for lecithin & phospholipids in Saudi Arabia. The region is expected to grow at a moderate pace during the forecast period due to factors such as growing awareness about health and wellness among consumers.

Key Players operating in the Saudi Arabia Lecithin & Phospholipids Market

Major players operating in the Saudi Arabia lecithin & phospholipids market share include:

• Cargill, Incorporated (US)
• Archer Daniels Midland Company (ADM) (US)
• Ruchi Soya Industries Limited (India)
• Bunge Limited (US)
• SOYA International LLC. (US)
• Stern-Wywiol Gruppe GmbH (Germany) 
• Lecico Chemicals Corporation (Japan)

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Lecithin & Phospholipids Market Outlook
• Market Size of Saudi Arabia Lecithin & Phospholipids Market, 2021
• Forecast of Saudi Arabia Lecithin & Phospholipids Market, 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Lecithin & Phospholipids Market Trend Evolution
• Saudi Arabia Lecithin & Phospholipids Market Drivers and Challenges
• Saudi Arabia Lecithin & Phospholipids Price Trends
• Saudi Arabia Lecithin & Phospholipids Porter's Five Forces
• Saudi Arabia Lecithin & Phospholipids Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Source for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Soy for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Sunflower for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Rapeseed & canola for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Egg for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Other sources for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Fluid for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By De-oiled for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Modified for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Nature for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By GMO for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Non-GMO for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Food & beverages for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Bakery products for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Convenience foods for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Confectioneries for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Other food & beverage applications (dairy, fish & meat, spreads & margarine, soups, sauces, and gravies) for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Feed for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Industrial for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Lecithin & Phospholipids Market Revenues & Volume By Healthcare for the Period 2018 - 2028
• Saudi Arabia Lecithin & Phospholipids Import Export Trade Statistics
• Market Opportunity Assessment By Source
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Nature
• Market Opportunity Assessment By Application
• Saudi Arabia Lecithin & Phospholipids Top Companies Market Share
• Saudi Arabia Lecithin & Phospholipids Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Lecithin & Phospholipids Company Profiles
• Saudi Arabia Lecithin & Phospholipids Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Source

• Soy
• Sunflower
• Rapeseed & Canola
• Egg
• Other Sources

By Type 

• Fluid
• De-Oiled
• Modified

By Nature

• GMO
• Non-GMO

By Application

• Food & Beverages
• Bakery Products
• Convenience Foods
• Confectioneries
• Other Food & Beverage Applications
  • Dairy
  • Fish & Meat
  • Spreads & Margarine
  • Soups
  • Sauces
  • Gravies
• Feed
• Industrial
• Healthcare