Lecithin Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Lecithin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Lecithin Price Trend for the Q1 of 2024
Lecithin is a fatty substance found in the cells of many plants and animals. It is a type of phospholipid that is essential for the cells' membranes. Lecithin is commonly extracted from oilseeds like soybeans and sunflower seeds and is used extensively in the food, cosmetics, and pharmaceutical industries. Therefore, the lecithin price trend is usually in close alliance with the feedstock oil seeds like soybean and sunflower.
Lecithin Price Chart
Please Login or Subscribe to Access the Lecithin Price Chart Data
Lecithin prices began on a weaker note at the start of the first quarter of the year 2024. With a depreciation in oilseeds markets the lecithin prices were found wavering at the lower end of the price curve for the majority of the said period. In the US market, there was a noticeable decline in average monthly prices from January to March. This decrease was largely owed to the oversupplied inventories.
The US lecithin industry saw a rise in soy crushing volumes, which boosted the availability of lecithin, exerting downward pressure on its market value. Concurrently, demand remained relatively weak, further influencing the downtrend. Additionally, a rapid drop in the prices of feedstock soybeans also contributed to the lower lecithin prices during this period. Overall, the market performance for lecithin was subdued during the early months of the year.
Analyst Insight
According to Procurement Resource, given the current supply situation, the prices are expected to remain weak for Lecithin in the coming months.
Procurement Resource provides latest prices of Lecithin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Lecithin is a naturally occurring fatty substance found in plant and animal tissues, known for its emulsifying properties. It is widely used in the food industry as an emulsifier to blend ingredients like oil and water, enhancing texture and shelf life in products such as chocolate, margarine, and baked goods. Lecithin is also valued in pharmaceuticals for its role as an excipient in drug formulations and in cosmetics for its moisturizing properties. Additionally, it serves as a nutritional supplement and as an ingredient in animal feed, supporting overall health and digestion.
Report Features | Details |
Product Name | Lecithin |
Chemical Formula | C42H80NO8P |
Industrial Uses | Food Emulsifier, Nutritional Supplement, Pharmaceutical Excipient, Cosmetic Ingredient, Animal Feed Additive, Industrial Lubricant, Paint and Coating Additive |
Molecular Weight | 758.06 g/mol |
CAS number | 8002-43-5 |
HS Code | 29232010 |
Synonyms | Phosphatidylcholine |
Supplier Database | Lipoid GmbH, DuPont de Nemours, Inc, Wilmar International, Cargill Inc., Archer Daniels Midland Company |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The preparation process begins with the degumming of soybean oil. Initially, the oil extracted from soybean is processed through degumming by hydrating the phosphatides present in the oil in the presence of water. The process is followed by centrifugation and separation of the sludge containing lecithin. The compound is then dried by heating and then cooled to obtain lecithin as the end product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.
Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103
Email: sales@procurementresource.com