CHICAGO, March 28,
2023 /PRNewswire/ -- The De-oiled Lecithin
Market is estimated at USD 220
million in 2023 and is projected to reach USD 321 million by 2028, at a CAGR of 7.8% from
2023 to 2028 according to a report published by
MarketsandMarkets™. Factors such as the increase in demand for
natural food additives in food and beverages, the rising use of
de-oiled lecithin in pharmaceutical tablets and capsules are
positively driving the growth of the de-oiled lecithin market.
Furthermore, rising trends for use of de-oiled lecithin in the
production of cosmetic products for better emulsification drive
market growth.
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The soybean segment is expected to account for the largest
share in 2023.
The soybean de-oiled lecithin offers multi-functional
application both as a natural emulsifier in the food and beverage
industry and as a lubricant in the pharmaceutical and cosmetic
industry. It is practically free of oil and contains high
concentrations of polyunsaturated fatty acids with natural benefits
for consumers. It is majorly used in baking, dressing, mayonnaise,
chocolates, cakes, bars, meat sauces and many other products. The
major soybean-producing countries such as China and the U.S. are targeting abundant
soybean production which is expected to support the steady growth
of the de-oiled lecithin market.
The powder segment is expected to dominate the market with
the largest share in 2023.
The powdered de-oiled lecithin has hydrophilic properties and is
more refined than the granules form of de-oiled lecithin. It is a
healthier option in food and beverage products since it has low-fat
content. The use of powdered de-oiled lecithin is majorly
increasing since it does not affect the color of the mixture or the
final product. It also has vital uses in dietary supplements, and
in capsules and tablets.
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Asia Pacific is expected to
account for the largest market share in 2023.
The de-oiled lecithin market industry has been studied in
North America, Europe, Asia
Pacific, Latin America, and
the Rest of the World. The Asia-Pacific de-oiled lecithin market is being
driven by advancements and product developments for de-oiled
lecithin food, beverages, industrial, and healthcare products. The
region's booming economy and the growing food & beverage
industry has been encouraging the local Asian companies to expand
their product portfolio that use de-oiled lecithin to generate high
revenues. Moreover, the growing area under cultivation in
countries like China and
India is likely to drive regional
market growth.
Sonic Biochem (India), Amitex
Agro Product Private Limited (India), AV GROUP (India), Lecilite (India), and others are some of the market
players.
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Food Emulsifiers Market by Type (Mono & di-glycerides
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