The global de-oiled lecithin market is growing at a significant rate, due to upsurge in recognition of sunflower-based lecithin and mounting requirement in food and feed applications. The market has witnessed a high demand for soy in the coming years due to adequate accessibility of soybean, mounting demand of natural sources in cosmetic and pharmaceutical industry and economical extraction procedure.

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On the basis of the method of extraction, the de-oiled lecithin market is subdivided into acetone extraction, ultrafiltration process, and carbon dioxide extraction. The ultrafiltration process is the most preferred method of extraction however; acetone extraction has few degrees of toxicity as residual after desolventizing.

On the basis of source, the market is subdivided into soy, rapeseed, egg, and sunflower. Adequate accessibility of soybean, mounting demand of natural sources in the cosmetic and pharmaceutical industry, upsurge in animal feed applications owing to low cost and economical extraction procedure are some of the factors responsible for the growth of the soy segment.

On the basis of application, the market is subdivided into food, healthcare, and feed. Among all applications, the food application accounted the largest share in the de-oiled lecithin market due to upsurge in health-conscious customer, escalating demand for sugar confectionery, convenient foods and chocolates in Asian countries and mounting alertness of advantages of nutritious food intake.

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Key players in the de-oiled lecithin market are catering the demand by investing in new product launches in their product portfolio across the globe. Cargill, Bunge Limited, Lasenor Emul, ADM, Novastell Essential Ingredients, Lecico GmbH, Giiava Pvt. Ltd, Dowdupont, American Lecithin Company, Stern-Wywiol Gruppe and Lecital GmbH are the key players operating in the market.

Source: VynZ Research