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 trend of urbanization has resulted in more people living in cities and metropolitan areas. Thus, the convenience food segment garnered $15,096.7 thousand revenue in the market in 2022. Urban dwellers often need more time for cooking, which has fueled the demand for convenient, pre-packaged foods. The rise of dual-income households and long working hours have increased reliance on convenience foods. Consumers seek products that offer a quick and hassle-free meal solution, and convenience foods fit this need. Some of the factors impacting the market rise in demand for clean labels and natural ingredients, continued growth of the global food processing industry, and manufacturing disruptions due to increasing cost of raw materials.
Consumers are increasingly health-conscious and actively seek foods that contribute to their well-being. They are more aware of the impact of their dietary choices on their health, leading to a preference for foods perceived as healthier. Modern consumers are curious about what goes into their food. They want transparency in ingredient lists and are skeptical of synthetic additives, artificial colors, and preservatives. Clean-label products with easily recognizable, natural ingredients align with this preference. Many consumers are environmentally conscious and are drawn to products that are produced sustainably and ethically. Natural and clean-label ingredients often align with sustainability goals. These products often use clean-label ingredients and are seen as more authentic. These factors will drive the demand in the future. Additionally, De-oiled lecithins are particularly important in creating sauces, gravies, and condiments, where they prevent the separation of oil and water-based components. This improved stability ensures that products maintain their intended appearance and taste over time. It contributes to the preservation of food products. In beverage applications, de-oiled lecithin stabilizes emulsions, especially in protein shakes and nutritional drinks. It improves the dispersibility of various ingredients in liquid formulations. As a result, the demand will rise in the upcoming years.
However, Soybeans are one of the primary sources of de-oiled lecithin. Variations in soybean prices, driven by weather conditions, crop yields, global demand, and trade policies, directly affect the cost of sourcing soybean-derived lecithin. When soybean prices rise, it can lead to higher production costs for de-oiled lecithin manufacturers, potentially impacting product pricing.The sensitivity of consumers to price changes is a crucial factor. Manufacturers may absorb some of the increased raw material costs to maintain consumer-friendly pricing. However, this can affect their profitability. Supply chain disruptions, whether owing to natural disasters, trade disputes, or other factors, can further exacerbate the impact of raw material price fluctuations. Supply chain interruptions can lead to shortages and increased costs. Therefore, these factors are expected to disrupt the expansion of the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
The trend of urbanization has resulted in more people living in cities and metropolitan areas. Thus, the convenience food segment garnered $15,096.7 thousand revenue in the market in 2022. Urban dwellers often need more time for cooking, which has fueled the demand for convenient, pre-packaged foods. The rise of dual-income households and long working hours have increased reliance on convenience foods. Consumers seek products that offer a quick and hassle-free meal solution, and convenience foods fit this need. Some of the factors impacting the market rise in demand for clean labels and natural ingredients, continued growth of the global food processing industry, and manufacturing disruptions due to increasing cost of raw materials.
Consumers are increasingly health-conscious and actively seek foods that contribute to their well-being. They are more aware of the impact of their dietary choices on their health, leading to a preference for foods perceived as healthier. Modern consumers are curious about what goes into their food. They want transparency in ingredient lists and are skeptical of synthetic additives, artificial colors, and preservatives. Clean-label products with easily recognizable, natural ingredients align with this preference. Many consumers are environmentally conscious and are drawn to products that are produced sustainably and ethically. Natural and clean-label ingredients often align with sustainability goals. These products often use clean-label ingredients and are seen as more authentic. These factors will drive the demand in the future. Additionally, De-oiled lecithins are particularly important in creating sauces, gravies, and condiments, where they prevent the separation of oil and water-based components. This improved stability ensures that products maintain their intended appearance and taste over time. It contributes to the preservation of food products. In beverage applications, de-oiled lecithin stabilizes emulsions, especially in protein shakes and nutritional drinks. It improves the dispersibility of various ingredients in liquid formulations. As a result, the demand will rise in the upcoming years.
However, Soybeans are one of the primary sources of de-oiled lecithin. Variations in soybean prices, driven by weather conditions, crop yields, global demand, and trade policies, directly affect the cost of sourcing soybean-derived lecithin. When soybean prices rise, it can lead to higher production costs for de-oiled lecithin manufacturers, potentially impacting product pricing.The sensitivity of consumers to price changes is a crucial factor. Manufacturers may absorb some of the increased raw material costs to maintain consumer-friendly pricing. However, this can affect their profitability. Supply chain disruptions, whether owing to natural disasters, trade disputes, or other factors, can further exacerbate the impact of raw material price fluctuations. Supply chain interruptions can lead to shortages and increased costs. Therefore, these factors are expected to disrupt the expansion of the market.
Application Outlook
Based on application, the market is segmented into food & beverages, feed, industry, and healthcare products. In 2022, the industry segment garnered a considerable revenue share in the market. De-oiled lecithin enhances manufacturing efficiency by ensuring uniform mixing and preventing the separation of ingredients. This is especially valuable in cosmetics, pharmaceuticals, paints, and coatings, where consistent formulations are essential. The cosmetics and personal care industry extensively utilizes de-oiled lecithin as an emulsifying agent in the formulation of creams, lotions, serums, and other skincare and haircare products.Source Outlook
Based on source, the market is segmented into soybean, sunflower, rapeseed & canola, eggs, and others. The soybean segment procured the highest revenue share in the market in 2022. Soybean-derived de-oiled lecithin is highly versatile and finds applications in a broad range of food and non-food products. Its ability to emulsify and stabilize makes it suitable for various industries, including food, pharmaceuticals, cosmetics, and animal nutrition. Soybean-based de-oiled lecithin aligns with consumer preferences for clean labels and natural ingredients.Form Outlook
On the basis of form, the market is bifurcated into powder and granules. The powder segment held the highest revenue share in the market in 2022. Powdered de-oiled lecithin is valued for blending and stabilizing ingredients, particularly in applications where liquid lecithin may not be suitable. It is used in various products across industries, including food and beverage, pharmaceuticals, cosmetics, and animal feed. Powdered forms of de-oiled lecithin are easier to handle and store than their liquid counterparts. They have a longer shelf life and are less prone to degradation. Therefore, the demand in the powder segment will increase in the future.Regional Outlook
By region, the market is divided into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment recorded the maximum revenue share in the market in 2022. The Asia Pacific region has witnessed substantial growth in its food processing industry. As processed and convenience foods demand rises, de-oiled lecithin, emulsifying and stabilizing properties, has been extensively used in various processed food products such as baked goods, dairy, confectionery, and snacks. This has fueled the demand in the region. As a result, there will be an increased demand in the Asia Pacific segment.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Form (Volume, Tonnes, USD Thousands, 2019-2030)- Powder
- Granules
- Food & Beverages
- Bakery & Confectionery
- Convenience Food
- Dairy & Non-dairy Products
- Beverages
- Others
- Feed
- Industry
- Healthcare Products
- Soybean
- Sunflower
- Rapeseed & Canola
- Eggs
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Giiava Group
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global De-oiled Lecithin Market by Form
Chapter 5. Global De-oiled Lecithin Market by Application
Chapter 6. Global De-oiled Lecithin Market by Source
Chapter 7. Global De-oiled Lecithin Market by Region
Chapter 8. Company Profiles
Companies Mentioned
- 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
- Giiava Group
Methodology
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