(Entertainment-NewsWire.com, November 11, 2020 ) The De-oiled Lecithin Market is estimated to be valued at USD 156. 5 million in 2018 and is projected to reach USD 232.1 million by 2023, at a CAGR of 8.2% during the forecast period. The market is driven by factors such rise in clean label food, increase in demand of trans-fatty acid and healthy snacking, and the replacement of artificial and synthetic emulsifier with natural and eco-friendly emulsifiers such as de-oiled lecithin in various different regions.
“The soybean source is estimated to account for the largest share of the de-oiled lecithin market in 2018.”
Based on the source, the global market has been segmented into soy, sunflower, rapeseed, and egg. The soy segment is estimated to account for the largest share in the market for 2018. It is widely preferred among manufacturers, owing to the sufficient availability of soybean and a cost-effective extraction process. De-oiled soy lecithin is growing in popularity in the feed application and is also being used as a replacement to cocoa butter in the chocolate industry, owing to rise in prices of cocoa butter. Further, increased demand for natural sources in the cosmetic and pharmaceutical industries has boosted the demand for soy-based de-oiled lecithin at a global level.
The demand for soy de-oiled lecithin is expected to increase at a significant rate in animal feed applications, owing to low cost when compared to other types of de-oiled lecithin, which helps reduce the over feed cost and increase yield, especially in developing and emerging countries. Further, the European Food Safety Authority has authorized the use of de-oiled lecithin as feed additives for all animal species boosting the demand for soy de-oiled lecithin in the region.
This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as DowDuPont (US), Cargill (US), Archer Daniels Midland (US), Bunge Limited (US) and Stern Wywiol Gruppe (Germany). Other players include Lecico GmBH (Germany), American Lecithin Company (US), Lecital (Austria), Lasenor Emul (Spain), GIIAVA (INDIA) PVT. LTD (India), Novastell Essential Ingredients (France), Rasoya Proteins Ltd. (India), Clarkson Grain Company, Inc. (US), Amitex Agro Product Pvt. Ltd. (India), and Austrade Inc. (US).
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