PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290791
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290791
De-oiled Lecithin Marketsize was valued at USD 310.6 Million in 2022, expanding at a CAGR of 8.1% from 2023 to 2030.
De-oiled lecithin is packed with phospholipid components, oil-free, neutral in color and flavor, and easy to handle. Emulsification, stability, softening, wetting, mixing, and improving dispersion in water are all benefits of its use. It consequently has a wide range of applications as an antioxidant, surfactant, instant agent, viscosity modifier, releasing agent, and lubricant in numerous industry verticals around the world. These days, it may be found in both granular and powdered forms, making it easier to store and transport while giving it a competitive edge over other types of de-oiled lecithin, such as liquid.
One of the primary factors promoting the use of de-oiled lecithin in the food and beverage (F&B) business worldwide is the growing demand for convenient food products brought on by rapid urbanization, rising income levels, and hector lifestyles. Bread, biscuits, wafers, margarine, pastries, chocolates, instant mixes, powdered beverages, soups, sauces, whipped creams, and ground meat products and fillings all contain it as a key ingredient. De-oiled lecithin is also used in the production of nutraceuticals all over the world because of its high concentration of polyunsaturated fatty acids and enhanced functional qualities. In addition, top producers are releasing non-genetically modified organisms (GMO) de-oiled lecithin that may be added as an ingredient to baby food, energy drinks, healthy bars, and non-dairy products. De-oiled lecithin can also be employed in the creation of medicinal goods with distinct properties because of the development of contemporary high-tech formulation procedures. In the form of capsules and tablets, they are also used as a direct supplement. In addition, the use of de-oiled lecithin in the manufacture of soaps, shampoos, creams, moisturizers, conditioners, and other all-natural and organic cosmetic goods is growing.
The Global Carbon Felt-Graphite Felt Market is classified based on form, source, application, method of extraction and Region.
By source, the soy segment is expected to dominate the market over the forecast period. Because soy lecithin is less expensive than other types of de-oiled lecithin, it is increasingly used in animal feed applications, which is driving up demand for it. Because of its advantages in promoting speedier healing from sickness and increasing survival rates, soy lecithin is primarily used. Additionally, it prevents liver fattening in poultry feed. However, due to its superior safety and hypoallergenic nature in comparison to other de-oiled lecithin, the sunflower segment is anticipated to experience the highest CAGR during the forecast period.
The Asia Pacific region currently dominates the de-oiled lecithin market because to the huge agriculture sectors of India, China, and Russia, which supply raw materials such as soybean and sunflower for lecithin manufacture. Livestock is also common throughout Asia Pacific, serving as an additional source of income for the region's sizable farming community. With the region's rising cattle, the feed business will grow. Furthermore, the region's low labor costs and favorable manufacturing and business environments make lecithin extraction a cost-effective process, attracting major market players. The growing disposable income of the world's population adds to the expansion of the food and personal care industries.
In November 2022, for use in food and beverage applications, Novastell created a range of lecithin granules. Soycithin G97 IP is a traditional soy lecithin that is non-GMO and completely traceable, in contrast to Suncithin G96, which is made from sunflower lecithin and is also non-GMO and allergen-free.
The scope of this report covers the market by its major segments, which include as follows: