The Global 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. Rising consumer awareness of the health benefits of clean-label products and beverages will also contribute to market growth. The increasing use of de-oiled lecithin in a variety of industries, including packaged foods, pharmaceuticals, baked goods, dairy, meat, convenience food, frozen desserts, margarine, and cosmetics, will also drive market growth.
Based on Source, soybean segment is estimated to account for the largest market share of the De-oiled lecithin market
Based on Source, the soybean segment is estimated to account for the largest market share. Soybean is a legume that originated in East Asia. According to USDA, in 2021/2022, China was the leading soybean oil-producing country with a production volume of about 15.68 million metric tons. Soy lecithin is used as an emulsifier and as a lubricant. When added to food, it is also known to provide antioxidants. Soy lecithin also helps to preserve food flavors. Because of its ease of availability, soybean is favored among de-oiled lecithin manufacturers. Additionally, the extraction of de-oiled lecithin from soybean is inexpensive in comparison to other commodities, making it a cost-effective endeavor for producers. De-oiled soybean is becoming more popular in the personal care and pharmaceutical industries. As a result, the growing personal care and pharmaceutical industries will benefit soybean development.
The powder form of the de-oiled lecithin market is projected to witness the highest CAGR during the forecast period.
Based on form, the powder segment is estimated to account for the highest growth rate. The powder form of De-oiled lecithin is easier to handle and transport. It has a longer shelf life than liquid lecithin, which can spoil if not stored properly. This makes it more convenient for manufacturers to use and store and reduces the risk of product wastage. The powder form of de-oiled lecithin is more versatile than other forms. It can be easily added to dry mixtures, such as bakery mixes, without affecting the texture or moisture content of the final product. This makes it ideal for use in a wide range of applications, including food, feed, and industrial products.
Based on application, the Food & beverages segment are anticipated to dominate the market.
Based on application, the market is segmented into food & beverages, feed, industry, and Healthcare. De-oiled Lecithin is a natural preservative that helps baked foods last longer. It helps in the retention of moisture in baked goods, hence increasing their freshness. It protects the flavor of food and contains antioxidants, which contributes to its increasing use in the food industry. It is used as an emulsifier in packaged foods. De-oiled Lecithin is now being utilized to improve the consistency, flavor, shelf-life, and texture of vegan products. The growing use of de-oiled lecithin in the food industry propels the segment’s growth.
The Asia Pacific market is projected to contribute the largest share of the De-oiled lecithin market.
Asia Pacific is expected to lead the de-oiled lecithin market in 2023. The Asia Pacific region currently dominates the de-oiled lecithin market because of the large agriculture sectors of India, China, and Japan, which supply raw materials such as soybean and sunflower for lecithin manufacture. According to United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the agriculture and food processing industries accounted for more than a quarter of the GDP of Asia Pacific’s developing countries in 2020. Livestock is also common throughout the Asia Pacific, serving as an additional source of income for the region’s large farming community. With the region’s growing livestock, the feed industry will grow.
Key Market Players
Top De-oiled lecithin companies include Cargill, Incorporated (US), ADM (US), Stern-Wywiol Gruppe (Germany), IMCD Group B.V. (US), Bunge (US), Sonic Biochem (India), Avril Group (France), American Lecithin Company (US), VAV Life Sciences Pvt. Ltd (India). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
