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The de-oiled lecithin market size is forecast to increase by USD 111.2 million at a CAGR of 8.06% between 2023 and 2028.
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Soy lecithin, derived from soybeans, serves as a versatile and natural additive In the food industry. As a phospholipid, it functions as an efficient emulsifier, stabilizer, and lubricant in various food applications. Soy lecithin's natural features make it a preferred choice over synthetic additives In the fast-paced lifestyle era. The human body absorbs it easily, contributing to the demand for clean-label products In the health-conscious market. Soy lecithin is used in various food sectors, including baked foods, meat products, dairy, and processed meals, enhancing texture, moisture retention, and shelf life. It also acts as a natural preservative and adds flavor to food.
Furthermore, in the organic food industry, soy lecithin is widely used due to its non-GMO labeling and the absence of synthetic chemicals, pesticides, or conventional farming methods. Additionally, it is utilized in cosmetic and pharmaceutical applications, further expanding its market reach. The soy-based segment and powder form segment dominate the market.
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The soy segment was valued at USD 147.40 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market share growth by the soy segment will be significant during the forecast period. Soy is a prominent legume of Asian origin and a complete protein that contains all nine essential amino acids. Soybeans are a high-protein plant-based food and a member of the pea family. For most people, particularly those who consume a vegan or vegetarian diet, soybeans are a crucial source of protein. Such factors of soybeans will boost the market growth in the forecasted period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising health concerns and demand for low-fat foods is the key driver of the market.
Growing demand for emulsifiers from emerging economies is the upcoming market trend.
What challenges does the De-Oiled Lecithin Industry face during its growth?
Stringent government regulations is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, de-oiled lecithin market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a range of phospholipid compounds derived from various sources, primarily soy, egg, sunflower, and rapeseed. These natural emulsifiers, lubricants, and antioxidants play a crucial role In the food industry, enhancing texture, moisture retention, and shelf life in a diverse array of applications. In today's fast-paced lifestyle, consumers increasingly seek nutritious content In their food, leading to a growing demand for natural ingredients and clean-label products. The conventional food industry, in response, has been transitioning towards the use of de-oiled lecithin as a natural alternative to synthetic additives and preservatives. The organic food industry, driven by consumer preferences for natural and non-GMO labeling, has also embraced de-oiled lecithin as a natural preservative and emulsifier.
Moreover, this trend is particularly prominent in baked foods, where moisture retention and freshness are essential for maintaining product quality. De-oiled lecithin is also a valuable ingredient In the food processing sector, where it functions as an efficient emulsifier, stabilizer, and release agent in various processed meals. In the food service sector, it is used in a wide range of applications, from whipped creams and ground meat products to sauces and soups. The versatility of de-oiled lecithin extends beyond the food industry. In the personal care sector, it is used in cosmetics and pharmaceuticals as an antioxidant, surfactant, instant agent, and viscosity modifier.
Furthermore, its use in cosmetics, soaps, shampoos, creams, and moisturizers is particularly noteworthy, as it contributes to the production of high-quality, natural products. The soy-based segment holds a significant share of the market, due to the high availability and versatility of soybeans as a raw material. However, the market for de-oiled lecithin derived from other sources, such as sunflower and rapeseed, is growing as consumers seek alternatives to soy-based products. The powder form segment is the largest In the market, due to its ease of use and versatility in various applications. Liquid lecithin is also gaining popularity, particularly in applications where a more viscous consistency is desired, such as in confectionery and baked goods.
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Market Scope |
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Report Coverage |
Details |
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Page number |
133 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.06% |
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Market Growth 2024-2028 |
USD 111.2 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.85 |
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Key countries |
US, China, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize thi market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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