The De-oiled Lecithin Market is estimated at $220M in 2023 and is projected to reach $321M by 2028, at a CAGR of 7.8% from 2023 to 2028 according to a report published by MarketsandMarkets™. Factors such as the increase in demand for natural food additives in food and beverages, the rising use of de-oiled lecithin in pharmaceutical tablets and capsules are positively driving the growth of the de-oiled lecithin market. Furthermore, rising trends for use of de-oiled lecithin in the production of cosmetic products for better emulsification drive market growth.
The soybean de-oiled lecithin offers multi-functional application both as a natural emulsifier in the food and beverage industry and as a lubricant in the pharmaceutical and cosmetic industry. It is practically free of oil and contains high concentrations of polyunsaturated fatty acids with natural benefits for consumers. It is majorly used in baking, dressing, mayonnaise, chocolates, cakes, bars, meat sauces and many other products. The major soybean-producing countries such as China and the U.S. are targeting abundant soybean production which is expected to support the steady growth of the de-oiled lecithin market.
The powdered de-oiled lecithin has hydrophilic properties and is more refined than the granules form of de-oiled lecithin. It is a healthier option in food and beverage products since it has low-fat content. The use of powdered de-oiled lecithin is majorly increasing since it does not affect the color of the mixture or the final product. It also has vital uses in dietary supplements, and in capsules and tablets.