The global Canola Lecithin market is expected to reach a market valuation of US$ 250.4 million by 2023, recording a CAGR of 3.7% from 2023 to 2033.
Phospholipids found in naturally occurring goods like eggs, sunflowers, canola, and soybeans are purified and extracted to create lecithin. Lecithin empathizes in different ways with water and oil. Lecithin is a naturally occurring complex mixture of phosphatides that are insoluble in acetone. It primarily consists of phosphatidylcholine, phosphatidylethanolamine, phosphatidylinositol, and phosphatidic acid, as well as varying amounts of other compounds like triglycerides, fatty acids, and carbohydrates. Its low production cost makes it invaluable in a wide range of manufacturing processes.
| Attributes | Details |
|---|---|
| Canola Lecithin Market Size (2023E) | US$ 250.4 million |
| Canola Lecithin Market Projected Size (2033F) | US$ 359.3 million |
| Value CAGR (2023 to 2033) | 3.7% |
| Top 3 Countries Marketing Share | 73.6% |
From rapeseed, canola lecithin is produced. Because of the canola seed's high oil content, canola lecithin is an excellent component for many food applications. A thick liquid with a greenish-brown hue, canola lecithin.
In addition to oils and fats, it is soluble in toluene, chlorinated hydrocarbons, and hexane. Several different culinary items, pharmaceuticals, and cosmetics are prepared using canola lecithin. Canola lecithin serves as an emulsifier and increases the shelf life of food, medicine, and cosmetic items. Canola lecithin is used to lower cholesterol and avoid stomach problems. The immune system is strengthened by canola lecithin, especially in diabetics.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Canola Lecithin.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 3.2% |
| Jul-Dec (H2), 2021 (A) | 3.3% |
| Jan-Jun (H1),2022 Projected (P) | 3.4% |
| Jan-Jun (H1),2022 Outlook (O) | 3.6% |
| Jul-Dec (H2), 2022 Projected (P) | 3.4% |
| Jul-Dec (H2), 2022 Outlook (O) | 3.3% |
| Jan-Jun (H1), 2023 Projected (P) | 3.4% |
The food, cosmetics, and pharmaceutical industries all have sizable markets for canola lecithin due to the rising demand for affordable food ingredients. Because canola lecithin functions and tastes similar to other lecithin sources, such as animal fat, egg yolk, sunflower, and soya, which are often used in the market, it is simple to incorporate canola lecithin into the production of various products.
Diabetes and obesity have become two of the most prevalent diseases in the globe. In 2016, 13% of people worldwide were obese, according to a WHO report. According to the CDC (Centers for Disease Control) report, 33% of the country's entire population had diabetes, indicating that obesity is quite common in the United States. As a result, there is a huge market demand for products containing canola lecithin.
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A nutritious ingredient, emulsifier, extrusion aid, wetting agent, releasing agent, low-flavor binding material, high-quality dietary fat source, and viscosity modifier, canola lecithin is suggested for use in foods. Canola lecithin enables food makers to deliver non-GMO and maybe organic food goods while also not be regarded as a major food allergy in food items.
Canola lecithin is a highly effective emulsifier and dispersant that is utilized in a wide range of culinary products, including convenience foods, confections, and chocolates. With very few modifications, food producers can readily include canola lecithin in their goods. A variety of food items use canola lecithin as an emulsifier, stabilizer, softener, wetting agent, blending aid, and neutral color and flavor additive.
A survey conducted internally predicts that over time, the USA canola market could grow by up to 4.5%. It is simple to include canola lecithin into a range of food products by making minimal process changes because the flavor, functioning, and color of canola lecithin are also quite comparable to other lecithin choices available on the market, such as those made from soy, egg yolk, and sunflower.
According to the USA Centers for Disease Control, approximately 33% of American adults are obese, and comparable diseases are spreading throughout the world. This underscores the need of promoting the consumption of wholesome food products. It is critical to employ canola lecithin, a natural, secure, and nutritive component, due to these health-related concerns.
A significant regional market has arisen in Asia-Pacific. The region has seen growth as a result of rising demand from China and India, whose populations are expanding quickly, as well as shifting demographic trends. Large tracts of land available for the cultivation of oilseeds are anticipated to further accelerate market expansion. The demand for lecithin in application categories such convenience foods, bakery, and confectionery is anticipated to be driven by the rising number of small-scale food makers. Demand in the food and beverage industry is anticipated to increase even more as a result of the quick new product development in these application segments.
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As canola lecithin outperforms other lecithins in terms of emulsification and stabilizing abilities, manufacturers have the best chance to introduce more naturally sourced, plant-based food ingredients to the market. The use of canola lecithin in a variety of applications across many sectors may be facilitated by its improved emulsification, dispersion, softening, and wetting capabilities. Alpha-linolenic acid, an essential omega-3 fatty acid, is present in high concentrations in canola-derived lecithin, which provides a significant amount of essential omega-3 fatty acids.
When making food at home or in a restaurant, convenience foods save time and energy. Lecithin helps to bind fat and keep it suspended in convenience food products, improve the hydration of high-protein components, lower the fat cap during the retort process, and improve the dispersion of high-fat powders. Additionally, its outstanding abilities to enhance mouthfeel and texture and make it easier for ingredients to be distributed evenly are anticipated to support its inclusion in the convenience food category.
Canola Lecithin market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Form, Available Grades, End Use, Functionality and Region |
| Key Companies Profiled | Cargill; Ciranda; Austrade Inc.; Lecico; American Chemie; European Ingredients Supply & Services B.V.; Archer Daniels Midland; Naturz Organics; Sternchemie GmbH & Co. KG; Lipoid; BungeMaxx |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Canola Lecithin Market is valued at US$ 250.4 million for 2023.
The Canola Lecithin Market valuation is expected to be US$ 359.3 million in the year 2023.
The value of CAGR for the Canola Lecithin Market is estimated to be 3.7%.
The Convenience Foods segment would garner a significant market value share by 2023.
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Canola Lecithin Market
