Canola Lecithin Market trends Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2022-2028

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.

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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.

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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.

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

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• 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)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)