Global De-Oiled Lecithin Market
De-oiled Lecithin is organic and an excellent alternative to crude lecithin since it includes more phospholipids and is practically oil free, which appeals to health-conscious consumers.The market for De-Oiled Lecithin is expected to be worth USD 230.3 million in 2022 and USD 282 million by 2028, with a CAGR of 3.4% during the research period.
De-oiled lecithin is a natural emulsifier and a byproduct of oil extraction from sources such as soybean, sunflower, and rapeseed. It is utilised in place of regular lecithin in a variety of applications such as food, feed, medicines, and personal care items. De-oiled lecithin is chosen over regular lecithin due to its higher functional qualities, which include enhanced dispersibility, stability, and reduced odour and flavour.
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Market Segmentation:
The global de-oiled lecithin market can be segmented on the basis of source, application, and region.
By source, the market can be segmented into soy, sunflower, rapeseed, and others. The soy segment is expected to hold the largest market share, owing to the high availability of soybean as a raw material for the production of de-oiled lecithin.
By application, the market can be segmented into food, feed, and others. The food segment is expected to hold the largest market share, owing to the increasing demand for natural and organic ingredients in the food industry. De-oiled lecithin is used as an emulsifier, stabilizer, and dispersant in a wide range of food products, including bakery, confectionery, and dairy products.
By region, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are expected to hold significant market shares, owing to the increasing demand for natural and organic ingredients in food and personal care products. The Asia Pacific region is expected to witness significant growth, driven by the increasing demand for convenience foods and the rising disposable income of consumers in the region. Latin America and the Middle East and Africa are also expected to witness growth, driven by the increasing demand for natural and organic ingredients in food and personal care products.
Key Players:
- Cargill Inc.
2. Archer Daniels Midland Company
3. Bunge Limited
4. Lecico GmbH
5. DuPont de Nemours, Inc.
6. DowDuPont Inc.
7. Stern-Wywiol Gruppe GmbH & Co. KG
8. Sodrugestvo Group S.A.
9. Novastell Essential Ingredients
10. Clarkson Grain Company Inc.
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Regional Analysis:
The global de-oiled lecithin market can be segmented into several regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America and Europe are the dominant regions in the de-oiled lecithin market, owing to the increasing demand for natural and organic ingredients in food and personal care products. The presence of major food and personal care product manufacturers in these regions is also driving the growth of the de-oiled lecithin market.
The Asia Pacific region is expected to witness significant growth in the de-oiled lecithin market, driven by the increasing demand for convenience foods and the rising disposable income of consumers in the region. The growing population and urbanization in countries such as China and India are also expected to drive the growth of the de-oiled lecithin market in the region.
Latin America and the Middle East and Africa are also expected to witness growth in the de-oiled lecithin market, driven by the increasing demand for natural and organic ingredients in food and personal care products. The growing awareness among consumers about the benefits of natural and organic ingredients is expected to drive the growth of the de-oiled lecithin market in these regions.
Overall, the de-oiled lecithin market is expected to witness significant growth in all regions, driven by the increasing demand for natural and organic ingredients, the wide application of de-oiled lecithin in various industries, and the growing demand for convenience foods and personal care products.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the de-oiled lecithin market. While the pandemic has resulted in disruptions to the global supply chain, leading to shortages of raw materials, it has also led to an increased demand for food products and supplements with enhanced nutritional value and functional benefits.
During the pandemic, there has been a growing trend towards healthy eating, with consumers becoming more conscious of their food choices and opting for healthier, natural, and organic options. This trend has led to an increased demand for de-oiled lecithin in food products, as it is a natural and organic ingredient that offers functional benefits and enhances the nutritional value of food products.
On the other hand, the pandemic has also resulted in disruptions to the global supply chain, leading to shortages of raw materials and increased prices. The lockdowns and restrictions on transportation and logistics have made it difficult for manufacturers to procure raw materials and deliver finished products, resulting in supply chain disruptions and delays.
Overall, the impact of the pandemic on the de-oiled lecithin market has been mixed, with both positive and negative effects. However, the growing demand for natural and organic ingredients is expected to continue to drive the growth of the de-oiled lecithin market in the post-pandemic period.
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Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the de-oiled lecithin market. While the pandemic has resulted in disruptions to the global supply chain, leading to shortages of raw materials, it has also led to an increased demand for food products and supplements with enhanced nutritional value and functional benefits.
During the pandemic, there has been a growing trend towards healthy eating, with consumers becoming more conscious of their food choices and opting for healthier, natural, and organic options. This trend has led to an increased demand for de-oiled lecithin in food products, as it is a natural and organic ingredient that offers functional benefits and enhances the nutritional value of food products.
On the other hand, the pandemic has also resulted in disruptions to the global supply chain, leading to shortages of raw materials and increased prices. The lockdowns and restrictions on transportation and logistics have made it difficult for manufacturers to procure raw materials and deliver finished products, resulting in supply chain disruptions and delays.
Overall, the impact of the pandemic on the de-oiled lecithin market has been mixed, with both positive and negative effects. However, the growing demand for natural and organic ingredients is expected to continue to drive the growth of the de-oiled lecithin market in the post-pandemic period.
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