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The de-oiled lecithin market is projected to grow by USD 105.24 million with a CAGR of 7.68% during the forecast period 2021 to 2026.
This de-oiled lecithin market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the de-oiled lecithin market segmentation by source (soy, sunflower seeds, rapeseeds, and canola seeds) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The de-oiled lecithin market report also offers information on several market vendors, including American Lecithin Co., Amitex Agro Product Pvt. Ltd., Austrade Inc., AV Group, Avril SCA, Bunge Ltd., Cargill Inc., Clarkson Grain Co. Inc., DuPont de Nemours Inc, Giiava, Kriti Nutrients Ltd., LASENOR EMUL SL, Lecilite Ingredients Pvt. Ltd., Lecital, Lipoid GmbH, Servotech India Ltd., Sonic Biochem Extraction Pvt. Ltd., Stern Wywiol Gruppe GmbH and Co. KG, The Scoular Co., and UL LLC among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the de-oiled lecithin market. During the COVID-19 pandemic, the de-oiled lecithin market demand has been impacted greatly. A holistic analysis of drivers will help in predicting the exact demand and refining marketing strategies to gain a competitive advantage.
Key De-oiled Lecithin Market Driver
Rising health concerns and demand for low-fat foods are one of the key factors driving the de-oiled lecithin market growth. Trans-fats are present naturally in beef, lamb, and dairy products in very small quantities. They are known to raise cholesterol levels. The consumption of foods containing trans-fat increases the risk of heart disease and stroke and is also connected with a high risk of developing type-2 diabetes. In order to reduce trans fats in food and beverages, many companies are reformulating their products. For instance, Corbion offers BFP 65 PLM Non-GMO, a trans-fat-free emulsifier that can be used in the making of margarine and spreads. Such instances will drive market growth during the forecast period.
Key De-oiled Lecithin Market Trend
Growing demand for emulsifiers from emerging economies is one of the key de-oiled lecithin market trends fueling the market growth. Changing urban lifestyles have given rise to the demand for processed foods. Emulsifiers are essential ingredients in most processed foods. They find significant demand from manufacturers of processed foods. Hence, this demand has helped in the growth of the de-oiled lecithin market. The multi-functional capacity of emulsifiers to bind water and oil and to improve the processing rate and shelf life of food products leads to high-quality food products. Manufacturers of various bakery and confectionery products and convenience/RTE foods regularly utilize food emulsifiers. Thus, emerging economies like Brazil, Argentina, and India are expected to become the key markets for de-oiled lecithin during the forecast.
Key De-oiled Lecithin Market Challenge
Stringent government regulations are one of the factors hampering the de-oiled lecithin market growth. In the US, the US FDA issues directives to assure the safe usage of de-oiled lecithin. Hence, this makes it mandatory that the labels for de-oiled lecithin and intermediate premixes must specify their names along with their levels of concentration or strength. Also, it dictates stringent guidelines on the maximum permissible limit of de-oiled lecithin in specific products. Complying with these regulations is an uphill task for manufacturers. Any deviation from the labeling guidelines specified by regulatory bodies will affect the company's brand image in the market and result in product recalls, thus leading to huge monetary losses.
This de-oiled lecithin market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global de-oiled lecithin market as a part of the global diversified chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the de-oiled lecithin market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the de-oiled lecithin market encompasses successful business strategies deployed by the key vendors. The de-oiled lecithin market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Our In-house experts produce extensive information on the value chain and parent market of the de-oiled lecithin market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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35% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the de-oiled lecithin market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Another region offering significant growth opportunities to vendors is North America. Strategic initiatives will facilitate the de-oiled lecithin market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the business operations of vendors in the regional market were negatively impacted due to the outbreak of COVID-19. However, in H2 2021, the availability of vaccines and increased vaccination coverage of the population, along with the decline in the number of COVID-19 cases, led to the lifting of the nationwide lockdowns. Owing to these factors, the regional market is expected to grow during the forecast period.
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The de-oiled lecithin 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.
This report provides an accurate prediction of the contribution of all the segments to the growth of the de-oiled lecithin market size and actionable market insights on the post-COVID-19 impact on each segment.
De-oiled Lecithin Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.68% |
Market growth 2022-2026 |
$105.24 million |
Market structure |
Fragmented |
YoY growth (%) |
7.12 |
Regional analysis |
North America, APAC, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 35% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
American Lecithin Co., Amitex Agro Product Pvt. Ltd., Austrade Inc., AV Group, Avril SCA, Bunge Ltd., Cargill Inc., Clarkson Grain Co. Inc., DuPont de Nemours Inc, Giiava, Kriti Nutrients Ltd., LASENOR EMUL SL, Lecilite Ingredients Pvt. Ltd., Lecital, Lipoid GmbH, Servotech India Ltd., Sonic Biochem Extraction Pvt. Ltd., Stern Wywiol Gruppe GmbH and Co. KG, The Scoular Co., and UL LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Source
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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