De-oiled Lecithin Market worth 232.1 million USD by 2023

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MarketsandMarkets Presents
De-oiled Lecithin Market worth 232.1 million USD
by 2023
https//www.marketsandmarkets.com/Market-Reports/d
e-oiled-lecithin-market-89222733.html
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The report "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 - Global
Forecast to 2023", 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. Browse 96 market data
Tables and 40 Figures spread through 157 Pages
and in-depth TOC on "De-oiled Lecithin Market -
Global Forecast to 2023 https//www.marketsandmar
kets.com/Market-Reports/de-oiled-lecithin-market-8
9222733.html Early buyers will receive 10
customization on reports.
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The food segment is estimated to account for the
largest share of the de-oiled lecithin market in
2018. Increase in health-conscious consumers
due to hike in obesity cases in developed regions
such as North America and Europe are expected to
drive the demand for de-oiled lecithin in the
food applications. Further, 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. https//www.marketsandmarkets.com/Market-Re
ports/de-oiled-lecithin-market-89222733.html
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The soybean source is estimated to account for
the largest share of the de-oiled lecithin market
in 2018. In terms of volume, the source segment
is estimated to account for the largest share of
the de-oiled lecithin market in 2018. 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. The confectionery food application is
estimated to account for the largest share of the
de-oiled lecithin market in 2018. The
confectionery products segment is estimated to be
the largest segment in 2018, with USD 34.6
million. https//www.marketsandmarkets.com/Market
-Reports/de-oiled-lecithin-market-89222733.html
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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.
https//www.marketsandmarkets.com/Market-Report
s/de-oiled-lecithin-market-89222733.html
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Key Players in distillers grains market 1
Cargill 2 ADM 3 Dowdupont 4 Bunge Limited 5
Stern-Wywiol Gruppe 6 Lecico GmbH 7 American
Lecithin Company 8 Lecital GmbH 9 Lasenor
Emul 10 Giiava (India) Pvt. Ltd 11 Novastell
Essential Ingredients 12 Rasoya Proteins
Ltd. 13 Clarkson Grain Company, Inc. 14 Amitex
Agro Product Pvt. Ltd. 15 Austrade
Inc. https//www.marketsandmarkets.com/Market-Rep
orts/de-oiled-lecithin-market-89222733.html
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