The de-oiled lecithin market is projected to grow at a CAGR of 8.2% in terms of value between 2018 and 2023
NEW YORK, July 16, 2018 /PRNewswire/ -- The de-oiled lecithin market is projected to grow at a CAGR of 8.2% in terms of value between 2018 and 2023.
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The de-oiled lecithin market is projected to grow at a CAGR of 8.2% from 2018, to reach USD 232.1 million by 2023. De-oiled lecithin is a multipurpose ingredient that is primarily used as an emulsifier, releasing agent, and instantizing agent. Owing to its multifunctionality, the demand for de-oiled lecithin is projected to be on the rise, owing to factors such as the growth in the food industry and increase in applications in the bakery, confectionery, and convenience food industries. Along with the increasing consumer consciousness for natural ingredients in the cosmetic industry, the emerging applications in the poultry and aqua feed industries is expected to drive the de-oiled lecithin market.
Despite their important role in food safety and shelf-life extension, the preference for synthetic emulsifiers such as mono- & diglycerides and their derivatives, sorbitan esters, stearoyl lactylates, and polyglycerol esters over natural emulsifiers such as de-oiled lecithin is proving to be a restraint for the market.
Soy is projected to dominate the de-oiled lecithin market through the forecast period.
Based on the source, the soy segment is projected to dominate the de-oiled lecithin market in terms of value through 2023.The easier extraction process of soy-derived ingredients than sunflower- or egg-derived ingredients, coupled with the wide availability of soy in many countries, are the major factors supporting the dominant nature of soy-sourced de-oiled lecithin in the market.
However, there has been a shift in the demand from soy to alternate sources of de-oiled lecithin such as sunflower and rapeseed, owing to GMO concerns associated with soy lecithin. The sunflower segment in the de-oiled lecithin market is projected to grow at the highest CAGR, in terms of value, during the forecast period.
Asia Pacific is projected to dominate the de-oiled lecithin markets during the review period.
In the global de-oiled lecithin market, Asia Pacific is projected to be the largest region, in terms of value and volume, between 2018 and 2023.This region comprises economies such as China, Japan, and India, which occupy a significant share of the global de-oiled lecithin market.
An increase in processed and convenience food production and innovations in segments such as meat, dairy, and bakery & confectionery products drive the demand for de-oiled lecithin in the Asia Pacific region.The processed food market in the region is currently undergoing a significant transformation in response to rapid urbanization and growth in the inclination of consumers toward food products with low fat and natural ingredients.
These factors are expected to create potential opportunities for de-oiled lecithin as it is a natural ingredient with multiple functionalities in food products.Promising markets such as India and Japan, along with other Asian countries, hold significant potential for the de-oiled lecithin market.
Asia Pacific offers opportunities to manufacturers and suppliers of de-oiled lecithin, owing to the cost advantage and high demand in this region.
Break-up of primaries:
• By Company Type: Tier 1 - 33%, Tier 2 - 28%, and Tier 3 - 39%
• By Designation: C-level - 49%, Director-level - 21%, and Others - 30%
• By Region: Asia Pacific - 40%, North America - 25%, Europe - 30%, and RoW - 5%
The market for de-oiled lecithin is dominated by key players such as DowDuPont (US), Cargill (US), Archer Daniels Midland (US), Bunge Limited (US), and Stern Wywiol Gruppe (Germany).Other players include Lecico GmBH (Germany), American Lecithin Company (US), Lecital (Austria), Lasenor Emul (Spain), GIIAVA (INDIA) PVT.
LTD (India), Novastell Essential Ingredients (France), Rasoya Proteins Ltd. (India), Clarkson Grain Company, Inc. (US), Amitex Agro Product Pvt. Ltd. (India), and Austrade Inc. (US).
Research Coverage
The global de-oiled lecithin market has been segmented on the basis of the source, application, and regional markets. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market ranking analysis of top players, and company profiles—which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global de-oiled lecithin market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get a comprehensive overview of the de-oiled lecithin market with specific reference to the source, type, and application
• To gain a wide range of information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights into the major regions/countries, in which the de-oiled lecithin industry is flourishing
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