$232 Million De-oiled Lecithin Market - Global Forecast to 2023
DUBLIN, July 16, 2018 /PRNewswire/ --
The "De-oiled Lecithin Market by Source (Soy, Sunflower, Rapeseed, and Egg), Application (Food (Bakery Products, Confectionery Products, Convenience Foods, and Dairy & Frozen Desserts), Feed, and Healthcare), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global de-oiled lecithin market is estimated to be valued at USD 156.5 million in 2018 and is projected to reach USD 232.1 million by 2023, at a CAGR of 8.2% during forecast period.
The de-oiled lecithin market is driven by the increased demand of lecithin in feed and food applications and rise in the trend toward the consumption of natural ingredients such as de-oiled lecithin in the cosmetics & dietary supplements industry around the globe.
Based on the source, the de-oiled lecithin market has been segmented into soy, sunflower, rapeseed, and egg. The soy segment is estimated to account for the largest share in the de-oiled lecithin market for 2018. It is widely preferred among manufacturers, owing to the sufficient availability of soybean and a cost-effective extraction process. De-oiled soy lecithin is growing in popularity in the feed application and is also being used as a replacement to cocoa butter in the chocolate industry, owing to rise in prices of cocoa butter. Further, increased demand for natural sources in the cosmetic and pharmaceutical industries has boosted the demand for soy-based de-oiled lecithin at a global level.
Based on application, the de-oiled lecithin market has been segmented into feed, food, and healthcare. The food segment is estimated to be the largest segment in 2018, in terms of value; however, the application in the healthcare industry is expected to grow at the highest CAGR through the forecast period, owing to factors such as adoption of natural ingredients by manufacturers in the pharmaceutical and healthcare industries are due to strict regulations and rising demand for herbal and natural nutritional products, which would drive the growth of healthcare applications incorporating de-oiled lecithin.
Moreover, the healthcare expenditure is increasing in developing countries such as India, China, Japan, and Brazil, owing to rise in awareness of the benefits of healthy food consumption, ultimately driving the demand for healthcare applications that incorporate de-oiled lecithin.
In 2018, Asia Pacific is estimated to occupy the largest share of the global de-oiled lecithin market, in terms of value and volume. Export opportunities of non-GMO lecithin from countries such as India to the European market are expected to drive the market for de-oiled lecithin in the region. Sonic Biochem Extractions and Shankar Soya Concepts are some of the key players based in India offering non-GMO de-oiled lecithin to the European market.
The concern regarding the use of GMOs is the major factor restraining the growth of the de-oiled lecithin market, globally. Allergen issues associated with soy form a major challenge faced by consumers, impacting the growth of market for de-oiled lecithin.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the De-oiled Lecithin Market
4.2 Market For De-oiled Lecithin, By Food Application & Region
4.3 Asia Pacific: the Fastest-Growing Market for De-oiled Lecithin
4.4 Market For De-oiled Lecithin, By Application
4.5 De-oiled Lecithin Market, By Food Application, 2018 vs 2023
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Demand for Natural Food Additives and Increasing Consumer Awareness About Clean Label Products
5.2.1.2 Increase in Acceptance of Sunflower-Based Lecithin
5.2.1.3 Increase in Demand for Convenience Food
5.2.2 Restraints
5.2.2.1 Replicability of De-oiled Lecithin By Synthetic Alternatives
5.2.3 Opportunities
5.2.3.1 Emerging Markets & Changing Consumer Lifestyles
5.2.4 Challenges
5.2.4.1 Fluctuation in Raw Material Prices
5.2.4.2 Concerns About GMO and Allergens
5.3 Supply Chain Analysis
5.4 Regulations
5.4.1 Regulations Related to the Food and Feed Industries
5.5 Trade Data
6 Regulations for De-oiled Lecithin
6.1 Introduction
6.2 International Body for Food Safetys, Standards, and Regulations
6.2.1 Codex Alimentarius Commission (CAC)
6.3 Regulations
6.3.1 Us
6.3.1.1 Direct Food Substances Affirmed as Generally Recognized as Safe
6.3.1.2 Multipurpose Additives
6.3.1.3 Types of Lecithin Allowed in Organic Processed Products
6.3.2 Canada
6.3.3 Europe
6.3.3.1 Commission Regulation (EU) No 231/2012 of 9 March 2012 Laying Down Specifications for Food Additives
6.3.4 Regulatory Framework By EU
6.3.5 India
6.3.5.1 Food Safety and Standards Authority of India (FSSAI)
7 De-oiled Lecithin Market, By Method of Extraction
7.1 Introduction
7.2 Acetone Extraction
7.3 Carbon Dioxide Extraction
7.4 Ultrafiltration Process
8 De-oiled Lecithin Market, By Source
8.1 Introduction
8.2 Soy
8.3 Sunflower
8.4 Rapeseed
8.5 Egg
9 De-oiled Lecithin Market, By Application
9.1 Introduction
9.2 Food
9.2.1 Bakery Products
9.2.2 Confectionery Products
9.2.3 Convenience Foods
9.2.4 Dairy & Frozen Desserts
9.2.5 Other Food Applications
9.3 Feed
9.4 Healthcare
10 De-oiled Lecithin Market, By Region
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
11.2.1 Key Market Strategies
11.3 Competitive Scenario
11.3.1 Expansions
11.3.2 Agreements
11.3.3 Mergers & Acquisitions
11.3.4 New Product Launches
12 Company Profiles
- ADM
- American Lecithin Company
- Amitex Agro Product Pvt. Ltd.
- Austrade Inc.
- Bunge Limited
- Cargill
- Clarkson Grain Company, Inc.
- Dowdupont
- Giiava (India) Pvt. Ltd
- Lasenor Emul
- Lecico GmbH
- Lecital GmbH
- Novastell Essential Ingredients
- Rasoya Proteins Ltd.
- Stern-Wywiol Gruppe
For more information about this report visit https://www.researchandmarkets.com/research/3vj8pq/232_million?w=5
Media Contact:
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article