According to a new report, published by KBV research, The Global De-oiled Lecithin Market size is expected to reach $367.5 million by 2030, rising at a market growth of 8.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 24,376.6 tonnes, experiencing a growth of 5.6% (2019-2022).
The Granules segment is registering a CAGR of 11.2% during (2023 - 2030). De-oiled lecithin granules are easy to handle and measure, making them a preferred choice for industrial food manufacturers and home cooks. Their granular form allows for precise dosing and reduces the risk of spillage compared to liquid or powder forms. De-oiled lecithin granules have applications in various food and beverage products. They are used as emulsifiers and stabilizers in various recipes, including baked goods, confectionery, dairy products, dressings, sauces, and more.
The Food & Beverages segment is leading the Global De-oiled Lecithin Market by Application in 2022; thereby, achieving a market value of $198 million by 2030. The food and beverages segment offers diverse applications for de-oiled lecithin. It is used in bakery products to improve dough handling and texture, confectionery to prevent chocolate bloom and enhance texture, dairy products to create creamy textures, and beverages for emulsification and dispersibility, among many other uses. Owing to these factors, the segment is expected to grow more.
The Sunflower segment would exhibit a CAGR of 8.5% during (2023 - 2030). Sunflower-based de-oiled lecithin aligns well with the clean label and natural ingredient trends. Consumers and food manufacturers increasingly seek ingredients derived from non-genetically modified (non-GMO) and natural sources. Sunflower lecithin is often perceived as a cleaner and more natural alternative to soy-based lecithin. Sunflower-based de-oiled lecithin is allergen-free, making it suitable for individuals with soy allergies or other sensitivities.
The Asia Pacific region dominated the Global De-oiled Lecithin Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $155.5 million by 2030. The Europe region is poised to grow at CAGR of 8% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 7.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/de-oiled-lecithin-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cargill, Incorporated, Archer Daniels Midland Company, Bunge Limited, IMCD N.V., SternVitamin GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG), Sonic Biochem, Extractions Pvt. Ltd., Avril Group, The Scoular Company, Fismer Lecithin GmbH and Giiava Group.
By Form (Volume, Tonnes, USD Thousands, 2019-2030)
By Application (Volume, Tonnes, USD Thousands, 2019-2030)
By Source (Volume, Tonnes, USD Thousands, 2019-2030)
By Geography (Volume, Tonnes, USD Thousands, 2019-2030)
Companies Profiled