Food Application To Account For The Largest Share Of The De-oiled Lecithin Market

By Author: Sonal
Total Articles: 84
Comment this article

The global de-oiled lecithin market is projected to grow from an estimated value of USD 156.5 million in 2018 to reach USD 232.1 million by 2023, at a CAGR of 8.2%. This market is driven by the growth in demand for natural food additives and increase in consumer awareness about clean label products. Along with this, factors such as a rise in awareness about animal health & well-being and animal feed quality are driving the market for de-oiled lecithin, globally.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=89222733

The confectionery products segment is estimated to be the largest segment in 2018, with USD 34.6 million. De-oiled lecithin is a vital ingredient in chocolate processing. It provides viscosity control, shortens the processing time, and increases the processing stability during the manufacturing of chocolate. Initially, chocolate manufacturers were reluctant to use de-oiled lecithin, as it had to be declared with an E-number under the EU law.

However, the rise in prices of cocoa butter has urged manufacturers to shift to de-oiled lecithin as a suitable and ...
... cost-effective substitute. Further, in Asia Pacific, China is expected to create lucrative opportunities for manufacturers. Increase in demand for high-quality chocolate is expected to create a robust opportunity, especially for European manufacturers to expand in the country. Thus, de-oiled lecithin is expected to gain immense popularity among chocolate manufacturers in the coming years, owing to its verticality in the chocolate industry, thus making confectionery the largest market for de-oiled lecithin application, providing potential growth opportunities for its growth in future as well.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=89222733

The key players in the de-oiled lecithin market include 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).