Asia Pacific Is Estimated To Account For The Largest Share Of The De-oiled Lecithin Market

By Author: Sonal
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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.

De-oiled Lecithin Market by Source (Soy, Sunflower, Rapeseed, and Egg), Application (Food (Bakery Products, Confectionery Products, Convenience Foods, and Dairy & Frozen Desserts), Feed, and Healthcare), and Region – Forecast to 2023

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In 2018, Asia Pacific is estimated to account for the largest share of the de-oiled lecithin market. Factors such as availability of prominent sources such as soy within the region, increase in awareness toward the benefits of healthy food and feed, growth in demand for non-allergic and organic food, rise ...
... in meat consumption, growth of the aquaculture industry, and high investment growth in the pharma and personal care industry have boosted the demand for de-oiled lecithin market in the Asia Pacific region. Furthermore, the growing adoption of a premium lifestyle with quality food and increase in animal husbandry also fuel the de-oiled lecithin market growth in this region.

Asian countries such as China and India are witnessing an increase in demand for healthy and less fatty functional food among consumers in the region. The demand for food products such as sugar confectionery, chocolates, and convenient foods is estimated to increase in the region, subsequently driving the growing demand for de-oiled lecithin. In addition, the population in European and North American countries are facing health issues such as weight gain and obesity. This leads to a shift toward less oily and healthy food ingredients, thus providing a lucrative opportunity for de-oiled lecithin manufacturers for food.

Export opportunities of non-GMO lecithin from countries such as India to the European market are expected to drive the market for de-oiled lecithin in the region. Sonic Biochem Extractions and Shankar Soya Concepts are some of the key players based in India offering non-GMO de-oiled lecithin to the European market. Apart from this, the booming aquaculture industry in China is expected to boost the demand for de-oiled lecithin in the feed segment. On the other hand, the increased demand for personal care products and cosmetics in countries such as Japan and South Korea are expected to the market in the region.