DUBLIN--(BUSINESS WIRE)--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.
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
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
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 Australia
10.2.5 Rest of Asia Pacific
10.3 Europe
10.3.1 Ukraine
10.3.2 Russia
10.3.3 Italy
10.3.4 UK
10.3.5 Germany
10.3.6 Rest of Europe
10.4 North America
10.4.1 US
10.4.2 Canada
10.4.3 Mexico
10.5 Rest of the World (RoW)
10.5.1 South America
10.5.2 The Middle East & Africa
11 Competitive Landscape
- 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
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