Soybean source is estimated to account for the largest share of the de-oiled lecithin market

The global de-oiled lecithin market is driven by the increased demand of lecithin in feed and food applications and rise in the trend toward the consumption of natural ingredients such as de-oiled lecithin in the cosmetics & dietary supplements industry around the globe.

Based on the source, the global market has been segmented into soy, sunflower, rapeseed, and egg. The soy segment is estimated to account for the largest share in the market for 2018. It is widely preferred among manufacturers, owing to the sufficient availability of soybean and a cost-effective extraction process. De-oiled soy lecithin is growing in popularity in the feed application and is also being used as a replacement to cocoa butter in the chocolate industry, owing to rise in prices of cocoa butter. Further, increased demand for natural sources in the cosmetic and pharmaceutical industries has boosted the demand for soy-based de-oiled lecithin at a global level.

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The soybean source is estimated to account for the largest share of the de-oiled lecithin market in 2018. The demand for soy de-oiled lecithin is expected to increase at a significant rate in animal feed applications, owing to low cost when compared to other types of de-oiled lecithin, which helps reduce the over feed cost and increase yield, especially in developing and emerging countries. Further, the European Food Safety Authority has authorized the use of de-oiled lecithin as feed additives for all animal species boosting the demand for soy de-oiled lecithin in the region.

The market for de-oiled lecithin is dominated by key players such as include DowDuPont (US), Cargill (US), Archer Daniels Midland (US), Bunge Limited (US), and Stern Wywiol Gruppe (Germany). Other players include Lecico GmBH (Germany), American Lecithin Company (US), Lecital (Austria), Lasenor Emul (Spain), GIIAVA (INDIA) PVT. LTD (India), Novastell Essential Ingredients (France), Rasoya Proteins Ltd. (India), Clarkson Grain Company, Inc. (US), Amitex Agro Product Pvt. Ltd. (India), and Austrade Inc. (US).

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