De-oiled Lecithin Market is offered. In accordance with the report, the global De-oiled Lecithin Market is projected to expand at a CAGR of 7.5 % over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
De-Oiled lecithin is a healthy food product that is oil-free and has high concentration of phospholipids and polyunsaturated fatty acids. It is obtained from crude lecithin and is available in powder and granulated form. Soy, sunflower or rapeseed is used as raw materials and it has unique features like anti-oxidation, emulsification, softening, stabilizing, easy to handling, flavor etc. due to which various industries like food and beverage, pharmaceuticals and cosmetic are attracted to de-oiled lecithin.
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With an increase in the application of de-oiled lecithin due to its varied functional usage and unique features, the demand of this product is expected to increase in upcoming years. The usage of de-oiled lecithin in organic and green food products and the growing trend of consuming weight loss food products amongst calorie conscious consumers also contribute to the increased demand of this market. Also, there has been a considerable demand in convenience food with increase nutritional benefits, due to the rise in working population specially in developing nations. The major drivers for the global De-Oiled Lecithin is the rise in disposable income coupled with increased health awareness amongst consumers. Recent studies by pharma experts have shown that de-oiled lecithin is effective in gallbladder diseases and in considered to be safe for consumption in nominal quantity. Due to its powdered or granulated form, if has high dispersibility which offers added advantage as compared to other types of lecithin which is generally available in liquid form.
However, the major restraints that can hamper the global De-Oiled Lecithin market is the negative impact it may have on consumers due to excess consumption of it. Adverse effect like stomach pain, nausea, diarrhea, and other medical conditions have been observed due to high level consumption of food containing de-oiled Lecithin.
With an increase in production of raw materials, awareness and importance of non-allergic and healthy food products in developing countries of Asia Pacific regions, India and China are market leaders and are experiencing increased demand in de-oiled lecithin market. High investment growth in personal care and pharmaceutical industry as well as an increase in agriculture export rate from Asia Pacific countries has led to strong opportunity for an increase in the market of de-oiled lecithin. With a growth in demand for label-friendly products amongst consumers has created opportunities for increase in demand for de-oiled lecithin globally.
Avril (France) announced the acquisition with LECICO GmBH in January 2019, which will majorly focus on development of lecithin and specialty ingredient for its consumers.
This market intelligence report on the global De-oiled Lecithin Market encompasses market segments based on application, source, form type, and country/regions.
In terms of Application type, the global De-oiled Lecithin Market is segregated into
- Food Industry
ü Dairy Products
- Feed Industry
- Pharmaceuticals & Healthcare
- Personal Care
By Source type, the global De-oiled Lecithin Market is also classified into,
- Crude Lecithin
By form type, the global De-oiled Lecithin Market is also classified into,
By End-User, the global De-oiled Lecithin Market is also classified into,
- Consumer Goods and Retail
- Food & Agriculture
- Oil & Gas
- Construction & Engineering
- Energy & Chemicals
- Manufacturing & Industrial Goods
- Transportation (Rails & Aerospace)
- Industrial & Automotive