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 MarketsandMarketsFactors 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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