Increasing Proclivity Towards Natural Cosmetic Solution:
The advent of digitalization and technology has influenced the modern population and spread awareness about health concerns of a wide range of products in the market. The trend of organic culture is effectively boosting the chain of product purchase and discard in recent times. The De-Oiled Lecithin Market is extensively influenced by the mounting demand for organic and natural cosmetics. Being largely used in beauty and personal care products such as soaps, shampoos, creams, moisturizers, conditioners, and other cosmetics, de-oiled lecithin market is gaining a huge scope of opportunity to prosper. Digital interference such as exceeding social media usage and campaigns aired in multimedia platforms is largely spreading informative reports about the harmful chemical products. This motivates the people in every corner of the world to gain insight into product labeling and the usage of natural ingredients in cosmetic manufacturing. Consequently, this approach towards natural beauty care product usage will eventually elevate the de-oiled lecithin market development. Globally, personal care and beauty products account for nearly $1.082 trillion market value.
In recent times the organic skincare market has flourished overwhelmingly with the rising concern towards the adversity of chemical skincare products across the world. Now, certified organic and natural beauty products leveraged nearly $95.89 million sales output for the year 2018 in the United Kingdom. Also, currently, around 794 brands are COSMetic Organic and Natural Standard (COSMOS) certified in this region. This marks as a major prospect for the de-oiled lecithin market to propel in the forthcoming years. Furthermore, stringent government regulations on the sales of beauty cosmetics such as Canada Cosmetic Regulation and EU Cosmetic Regulation regularly review cosmetic products for the usage of natural and skin-friendly ingredients. This marks as an important opportunity for the natural de-oiled products to gain huge demand and acquire economic profit in the process. The global de-oiled lecithin market size crossed $169 million in the year 2018. Also, influenced by the positive developments and innovations related to de-oiled lecithin, this market will grow at a CAGR of 8.3% during the forecast period of 2019-2025.
The Asia Pacific region is dominating the global de-oiled lecithin market and contributed a regional share of 42% in FY 2018. With a huge population count, the food industry in this region is experiencing huge demand. The China food processing industry leveraged a revenue of $1.47 trillion in 2017, which totals a 6.3% increase by the year 2016. This signifies a subsequent growth of the domestic de-oiled lecithin market scopes since it is used in the production of snacks, bakery, and other processed foods. Moreover, the Indian gourmet food market is currently growing at 20% CAGR which simultaneously promotes the de-oiled lecithin market size in the APAC region. Additionally, APAC contributed a regional share of 44% to the global paints and coatings market in the year 2018. Since lecithin products are widely applied as a raw material in this industry, the de-oiled lecithin market will leverage huge demand prospects.
De-oiled Lecithin Market Growth Factors:
=> Increasing Food Industry Demand:
The global population rise is largely directing the food consuming patterns. This has considerably increased the revenue of the food industry worldwide. The rising economic output of the food industry is influencing the growth of the global de-oiled market size. Baking, confectionery, and snacks industry are largely dependent on the lecithin as an alternative to the inorganic food additives and emulsifiers. Soy lecithin, sunflower lecithin, and others are processed as dry lecithin granules which have huge application in the processed food industry. The bakery industry in the U.S. leverages an economic output of $153 billion. Concurrently, this is reflective of the resultant revenue scopes for the de-oiled lecithin market. Additionally, the U.K. snacks market reached $4.52 billion, one of the largest snacks market in Europe. This creates a huge prospect for the de-oiled lecithin market which has great utility in the preparation of snacks throughout the world. Resultantly, the application of de-oiled lecithin in food is estimated to increase at a CAGR of 7.2% through to 2019-2025.
=> Paint Industry Relying On Lecithin Products:
Growing construction activities and infrastructure renovations hugely rely on paints and industry. Paint grade soy lecithin is widely used in manufacturing primer paints, latex and water-based paints, printing inks, and many more. As a cost-effective stable emulsifying agent, de-oiled lecithin actively regulates and protects paint coatings in buildings and construction projects significantly. Also, the paints and coatings market acquired revenue of nearly $128 billion in the year 2018. This is reflective of the opportunity scopes for the de-oiled market which is likely to influence its economic profit in the forthcoming years.
=> Rising Prospect Of The Healthcare And Pharmaceutical Industry:
Lecithin products have high nutritional value and are used as an essential ingredient in the manufacturing of several drugs and drug delivery systems in the past decades. It has effective results in the treatment of Alzheimer’s disease, neuropathy disorder, skin disease, high cholesterol, liver disease, and others. Additionally, several pieces of research are conducted to incorporate lecithin in the nanogel drug delivery system for the treatment of a wide range of cancer. For instance, researchers at the University of Texas Health Science Center combined a chemical found in soy lecithin with the non-steroidal anti-inflammatory drug (NSAID). This is claimed to increase the anticancer properties of NSAID which will help treat colorectal cancer. Consequently, these innovations and developments owing to the usage of lecithin in healthcare and pharmaceutical industries will promote the de-oiled market demand growth and revenue generation.
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Market Pioneers And Their Accomplishments:
The global de-oiled lecithin market size is constantly upheaved by the notable contribution delivered by several key players. With their considerable R&D investment, remarkable market strategies, and product launches, the de-oiled market share is elevated significantly. These major leaders who drive the competitive landscape of the market include Cargill, DowDuPont, Lecico GmBH, Bunge Limited, Stern Wywiol Gruppe, Lecital, Novastell Essential Ingredients, American Lecithin Company, Lasenor Emul, GIIAVA (INDIA) PVT. LTD, Archer Daniels Midland, and others.
The American-based company, Cargill, is a global distributor of several agricultural, animal nutrition, metal and shipping products, and others. It delivers various de-oiled lecithin products which include Emulpur™, Lecigran®, Emultop™, and Lecimulthin™. Besides, Cargill recently introduced a new variety of de-oiled lecithin which is claimed to suit the needs of the bakery and snacks industry. This new de-oiled rapeseed lecithin complies with allergen-free and label-friendly criteria which will eventually help uplift the de-oiled lecithin market share in the forecasted period.
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