The de-oiled lecithin market is estimated to be worth USD 220 million in 2023 and is expected to reach USD 321 million by 2028, growing at a CAGR of 7.8% from 2023 to 2028.
The market is being driven by factors such as the increasing demand for natural food additives in food and beverages, rising use of de-oiled lecithin in pharmaceutical tablets and capsules, and growing trend for its use in cosmetic products for better emulsification.
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 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.
The Asia-Pacific region is expected to hold the largest market share in 2023. The region’s booming economy and growing food and beverage industry have prompted local companies to expand their product portfolio, including de-oiled lecithin. Additionally, countries like China and India have seen a rise in cultivation areas, which is likely to drive regional market growth.
Some of the market players include Sonic Biochem (India), Amitex Agro Product Private Limited (India), AV GROUP (India), and Lecilite (India), among others.
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