Has the Plant-Based Lecithin Market Recovered From the Impact of COVID-19
Lecithin, the natural emulsifier, is widely used in various industries such as food and beverage, nutritional supplements, animal feed, healthcare, personal care and cosmetics, and others. It’s derived from different sources ranging from soy, sunflower, rapeseed, egg, and others. Among these, soy lecithin is the most common and widely used source of lecithin in the market. However, the soy lecithin market has faced some challenges in recent years due to the increasing consumer awareness about the health and environmental impacts of genetically modified (GM) crops. Many consumers now preferentially opt for non-GM and organic products that are free from synthetic additives and pesticides. This has led to a growing demand for plant-based lecithin from alternative sources such as sunflower and rapeseed. The COVID-19 pandemic also affected the global lecithin market in various ways. Constant lockdowns and restrictions imposed by various governments disrupted the supply chain of ra...