Market Outlook for Canola lecithin Market:
Canola Lecithin is a plant-based yellowish-brown, translucent and a viscous fluid which is mainly used as an emulsifier, wetting agent, stabilizer, instantising agent, release agent, lubricant, antioxidant, and dispersant. Canola lecithin is obtained by extraction of canola seeds to produce crude canola oil, this canola oil is further processed to produce liquid canola lecithin. Canola lecithin can be used in a wide range of food applications such as chocolate and confectionery, bakery and convenience foods.
Canola lecithin demand in food, pharmaceutical, and cosmetic industry
The demand for cost-effective and label-friendly food ingredients is creating a market for the use of canola lecithin in the food industry. The non-GMO canola lecithin has been successful in catching the attention of the different food manufacturers and industries like pharmaceuticals and animal feed. According to an internal survey, it is predicted that the U.S. canola market can rise up to around 4.5% over a period of time. The taste, functionality, and color of canola lecithin are also very much similar to other lecithin options such as those obtained from soya, egg-yolk, and sunflower that are present in the market which makes it easy to incorporate canola lecithin in the variety of food products by making minor modifications in process.
According to the U.S. Centers for Disease Control, about 33% adult population in the U.S. is obese and similar conditions are arising all around the world which makes it more important to encourage the use of healthy and nutritive food products. These health-related issues make it important to use canola lecithin which is a natural, safe as well as a nutritive ingredient.
The canola lecithin has an anti-oxidative property which helps to improve the shelf-life of the food products and so can be also useful in personal care and pharmaceutical industries. The convenience market is also increasing as there is ease of storage, ease of use and also shelf-live increases. As the convenience market increase, the canola lecithin market will also correspondingly increase. The main reason is that it is added with various powdered food products as it improves the “wetting” ability of the powder and helps in the dispersion of the hydrophilic powder components.
The demand for skin care products such as lotions, creams, etc., is increasing globally. The consumers are also looking for organic and vegan cosmetic products which can enhance the market demand for canola lecithin.
Global Canola lecithin Market: Key Participants
Some of the global key market players are Cargill, Ciranda, Austrade Inc., Lecico, American Chemie, European Ingredients Supply & Services B.V., Archer Daniels Midland, Naturz Organics, Sternchemie GmbH & Co. KG, Lipoid, BungeMaxx, among the others
Global Canola lecithin Market: Key Developments
The U.S. Food and Drug Administration has approved the use of Cargill’s non-GMO, organic canola lecithin as a food ingredient in September 2017. This approval has opened the market for canola lecithin in different industries such as food, pharmaceutical, and personal care industries.
Opportunities for Canola lecithin Market Participants:
The educational marketing and advertising of the product can help in increasing the use of canola lecithin. Modification of canola lecithin by the process such as acetylation, removal of neutral lipids using acetone, hydroxylation, hydrogenation etc., have been studied. The studies have shown that modified canola oil has more advantage over the crude form in case of ruminants with respect to their nutrition degradation. Similar research can be done further to check the effects of modified canola lecithin as an ingredient in food, pharmaceutical, and personal care products. The hydroxylated lecithin has enhanced emulsification, dispersing, and wetting properties and so such modifications can help to increase their applications in different industries.
Brief Approach to Research:
FMI will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the end use of Canola lecithin is covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. Some of the key data points which get covered include market size, supply vs. demand, consumption vs. production understanding, exporting and importing geographies, key trends, opportunity, drivers, and restraints and to analyze key players and their market shares. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report:
Some of the key data points covered in our report include:
- An overview of the market, including the background and evolution of Canola lecithin
- Macroeconomic factors affecting the market and potential of Canola lecithin
- Market dynamics, such as drivers, challenges and trends
- Detailed value chain analysis of the market
- The cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key product segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in this market
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Canola lecithin Market: Segmentation:
Canola lecithin market segmentation on the basis of the form:
Canola lecithin market segmentation on the basis of available grades:
- Extra filtered
Canola lecithin market segmentation on the basis of end use:
- Food and Beverages
- Convenience foods: soups, sauces, etc.
Meat and fish: Ground meat products and fillings.
- Animal feed
Canola lecithin market segmentation on the basis of functionality:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.