The Asia Pacific De-oiled Lecithin Market would witness market growth of 8.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 10,212.5 tonnes, showcasing a growth of 5.7% (2019-2022).
Ensuring the stability and prolonged shelf life of food products is a critical concern for the industry. De-oiled lecithin assists in preserving the quality and integrity of food items by preventing the separation of oil and water, reducing the risk of spoilage, and enhancing overall product longevity.
Furthermore, the versatility of de-oiled lecithin makes it a valuable ingredient in a wide array of food and beverage applications. Its unique ability to emulsify and stabilize enables its use in traditional and innovative product formulations. It is commonly employed in baking to enhance dough properties, improve crumb structure, and extend product freshness. It aids in achieving uniform mixing of ingredients and contributes to the overall quality of bread, cakes, pastries, and biscuits. The dairy industry helps create creamy textures in products like ice cream, yogurt, and cheese. It also applies to dairy alternatives such as plant-based milk and vegan desserts.
Additionally, de-oiled lecithin plays a crucial role in the confectionery sector by improving the flow properties of chocolate, enhancing its texture, and preventing the undesirable "bloom" phenomenon. It is also used to produce candies, toffees, and coatings. Emulsification is vital in formulating sauces and dressings, and de-oiled lecithin is a key ingredient to achieve stable and visually appealing products. Its ability to prevent oil-water separation is particularly valuable in this category.
As per the Agriculture and Allied Industries Industry Report released in 2023 by the Indian Brand Equity Foundation, India's agricultural sector has the world's second-largest amount of agricultural land. The Indian food sector is poised for huge expansion. It will probably increase its contribution to the global food trade every year due to its enormous potential for value addition, particularly within the food processing industry. Food processing is one of India's largest industries, accounting for 32% of the country's total food sector. It is ranked fifth in production, consumption, export, and expected growth. Therefore, the demand is expected to rise in the Asia Pacific region.
The China market dominated the Asia Pacific De-oiled Lecithin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $41,565.8 Thousands by 2030. The Japan market is registering a CAGR of 7.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9.1% during (2023 - 2030).
Based on Form, the market is segmented into Powder, and Granules. Based on Application, the market is segmented into Food & Beverages (Bakery & Confectionery, Convenience Food, Dairy & Non-dairy Products, Beverages, and Others), Feed, Industry, and Healthcare Products. Based on Source, the market is segmented into Soybean, Sunflower, Rapeseed & Canola, Eggs, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global De-oiled Lecithin Market is Predict to reach $367.5 Million by 2030, at a CAGR of 8.2%
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.
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 Country (Volume, Tonnes, USD Thousands, 2019-2030)
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