Global De-Oiled Lecithin Market Report and Forecast 2024-2032

Global De-Oiled Lecithin Market Report and Forecast 2024-2032

Global De-Oiled Lecithin Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global de-oiled lecithin market size reached a value of USD 245.02 million in 2023. Aided by the increasing demand for organic and healthy foods, the market is projected to further grow at a CAGR of 7.1% between 2024 and 2032 to reach a value of USD 454.27 million by 2032.

De-oiled lecithin, a versatile and natural emulsifier, is derived from soy, sunflower, and rapeseed. It is commonly used in food products, pharmaceuticals, cosmetics, and animal feed due to its excellent emulsifying, stabilising, and dispersing properties. In the food industry, de-oiled lecithin is utilized to enhance texture, improve shelf life, and prevent separation in products such as chocolates, baked goods, and dressings.

The increasing consumer preference for natural and clean-label products is driving the de-oiled lecithin market growth. With the growing awareness of the health benefits associated with natural ingredients, there has been a significant shift towards the use of non-GMO and allergen-free ingredients in food products, leading to a surge in demand for de-oiled lecithin. Additionally, the rising trend of plant-based diets has further contributed to the increasing popularity of de-oiled lecithin, as it is a common ingredient in plant-based and vegan products.

The expanding applications of de-oiled lecithin in various industries also play a significant role in propelling the de-oiled lecithin market expansion. In the pharmaceutical industry, de-oiled lecithin is used as an emulsifier and stabilizer in the production of tablets, capsules, and injectables. The cosmetic industry utilizes de-oiled lecithin for its moisturizing and skin-conditioning properties, essential in the formulation of various skincare and haircare products. Moreover, de-oiled lecithin’s role as an animal feed additive, improving nutrient absorption and promoting growth in livestock, further augments its market demand.

The growing demand for functional and fortified foods in the food and beverage industry has led to an increased focus on de-oiled lecithin as a valuable ingredient. Its ability to improve the texture, stability, and nutritional profile of food products makes it a preferred choice among food manufacturers. Additionally, the trend towards healthier and clean-label products is expected to drive the demand for de-oiled lecithin in the coming years.

The increasing consumer preference for natural and non-GMO ingredients is a significant driver of the market development. The growing awareness of the health benefits associated with natural products has led to a shift towards the use of clean-label ingredients, boosting the demand for de-oiled lecithin. The food and beverage industry’s growth is a key driver of the market. De-oiled lecithin is widely used in food products to improve texture, enhance shelf life, and prevent separation. The rising demand for functional and fortified foods is further augmenting the market growth.

As per the global de-oiled lecithin market analysis, the pharmaceutical industry’s expansion is another significant driver of the market. De-oiled lecithin is used as an emulsifier and stabilizer in various pharmaceutical formulations. The increasing demand for pharmaceuticals, driven by the rising prevalence of chronic diseases and the aging population, is propelling the market growth. The cosmetic industry’s growth is contributing to the market expansion. De-oiled lecithin is utilized for its moisturizing and skin-conditioning properties, essential in the formulation of skincare and haircare products. The rising demand for natural and organic cosmetics is further boosting the market.

The global de-oiled lecithin market is poised for significant growth in the coming years, driven by the rising demand from the food and beverage, pharmaceutical, cosmetic, and animal feed industries. The increasing focus on natural and clean-label products and the adoption of non-GMO and allergen-free ingredients present growth opportunities for market players.

Market Segmentation

The market can be divided based on form, method of extraction, source, application, and region.

Market Breakup by Form

• Powdered
• Granulated

Market Breakup by Method of Extraction

• Acetone Extraction
• Carbon Dioxide Extraction
• Ultrafiltration Process

Market Breakup by Source

• Soy
• Rapeseed
• Egg
• Sunflower

Market Breakup by Application

• Food
• Animal Feed
• Pharmaceuticals
• Personal Care
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global De-oiled lecithin market. Some of the major players explored in the report by Expert Market Research are as follows:

• Bunge Limited
• Cargill, Incorporated
• Archer Daniels Midland Company
• Avi Agri Business Limited
• Austrade Inc.
• Groupe Avril
• Sternchemie GmbH & Co. KG
• American Lecithin Company
• The Scoular Company
• Sonic Biochem Extractions Pvt. Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.