The global De-oiled Lecithin Market was valued at $152,906.4 thousand in 2017, and is expected to reach $396,526.4 thousand by 2025, registering a CAGR of 12.4% from 2018 to 2025.
Growing demand for organic food products all over the world, inclination toward weight loss, and surge in demand for convenience food with nutritional content are the factors that drive the growth of the market. However, environmental threats associated with genetically modified food impede the market growth globally. Conversely, rise in demand for label-friendly products among customers and advantages related to neutral color and flavor create new opportunities in the industry.
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Among forms, the granulated segment was the largest market in 2017, contributing around 85% of the total share and is likely to maintain its revenue lead during the forecast period. The segment is also expected to register the highest CAGR of 12.6% from 2018 to 2025. The granulated segment is lucrative due to the presence of essentially ready nutraceutical in it that provides nutritional benefits to consumers.
Based on source, the soy segment held more than one-third of the total market share in 2017 and is likely to maintain its dominance from 2018 to 2025. This is owing to its advantages related to faster recovery from illness and raising survival rate. However, the sunflower segment is expected to grow at the fastest CAGR of 13.8% through 2025, owing to better safety offered and hypoallergenic nature in comparison to other de-oiled lecithin.
Prominent players analyzed in the market include Cargill, Inc., Clarkson Grain Company, Inc., Archer Daniels Midland Company, Austrade Inc., GIIAVA India Pvt. Ltd., Amitex Agro Products Pvt. Ltd., Bunge Limited, DowDupont, Novastell Essential Ingredients, and Stern-Wywiol Gruppe.
Among applications, the food segment accounted for over two-fifths of the total market share in 2017 and is expected to lead in terms of revenue throughout the forecast period. Nonetheless, the healthcare segment would register the fastest CAGR of 12.8% during the forecast period, due to growing health awareness among consumers and application in improving cardiovascular health and digestion.
Asia-Pacific captured about half of the market share in 2017 and is expected to maintain its dominant position throughout the forecast period. This region is expected to grow at the fastest CAGR of 13.5% from 2018 to 2025, owing to surge in health awareness among consumers and demand for natural and green foods in the region.
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