The research by Future Market Insights indicated that during the anticipated time frame, the global soy lecithin market would grow at a CAGR of 5.8%. The market's value would increase from USD 564.6 Million in 2022 to USD 992.2 Million& in 2032, according to forecasts.
The market size value in 2022
USD 564.6 Million
Market forecast value in 2032
USD 992.2 Million
Forecast period
2022 to 2032
Global growth rate (CAGR)
5.8%
The Growth rate of Australia in the soy lecithin market
2.7%
Lecithin is often a complex brownish-yellow mixture of neutral lipids, neutral phospholipids, glycolipids, and sugars. Compared to other sources of lecithin, soy is used the most frequently to generate lecithin. Soy lecithin has a wide range of nutritional, medicinal, and functional qualities that are used in many different applications.
In many industrial applications, including food, feed, paints, cosmetics, polymers, pharmaceuticals, and others, soy lecithin is primarily employed as an emulsifier. A positive indicator of the market's emerging demand for soy lecithin is the broad and continuously expanding product category for lecithin applications.
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Historical outlook vs future forecasts for soy lecithin market
Total sales of soy lecithin in 2017 were USD 438.2 Million. The market for soy lecithin is anticipated to grow at a CAGR of 5.2% between 2017 and 2021. It was anticipated that the market for items containing soy lecithin was valued at USD 536.7 Million in 2021.
Soy is the main factor driving the growth of the soy lecithin market due to its wide availability and affordable cost in international markets. The global demand for soy lecithin is predicted to gain from the growing areas of application for soy lecithin in both the food and non-food segments. The packaged and processed food business is expanding due to changing eating patterns and rising per capita income, which is also anticipated to have a positive impact on the soy lecithin market.
Due to the increased demand in the pharmaceutical and food industry, the market for soy lecithin is expected to grow during the forecasted period of 2022 to 2032.
Country wise insights
How Asia-Pacific became the Fastest Growing Region in the so lecithin market?
The Asia-Pacific soy lecithin market is growing at a faster rate than any other region in the world. This is driven by the increasing demand for soy lecithin in the region. The Asia-Pacific region is the largest producer and consumer of soy lecithin.
Soy lecithin is used in a variety of products, including food, cosmetics, and pharmaceuticals. The increasing demand for these products in the Asia-Pacific region has driven the growth of the soy lecithin market.
The Asia-Pacific region is expected to continue to grow at a faster rate than any other region in the world, due to the increasing demand for soy lecithin.
How North America is expected to contribute the highest market share in the soy lecithin market?
The soy lecithin market is expected to grow at a CAGR of 5.8% from 2022 to 2032. The major drivers for this market are the increasing demand for soy lecithin in the food and beverage industry, and the growing demand for healthy and natural ingredients in cosmetics and personal care products. North America is expected to contribute the highest market share in the soy lecithin market due to the large production of soybeans in the region and the presence of major players in the USA.
Soybeans are a major source of lecithin, and the USA is one of the leading producers of soybeans in the world. The country is also home to some of the largest companies operating in the soy lecithin market, such as ADM, Cargill, Bunge Limited, and DowDuPont.
How Europe became the highest producer and consumer of soy lecithin?
Soybean oil is the source of the natural component soy lecithin. It functions as an emulsifier, thickener, and stabilizer in a range of food and beauty items. Among its many advantages include the ability to lower cholesterol, enhance brain function, and prevent cancer.
Europe has the most disposable income in the world, which enables its citizens to enjoy a high standard of living. Large corporations are also eager to spend on Research and Development in Europe, which leads to the development of new items and products of higher potential. Europeans have the biggest demand for soy lecithin as a result of these factors.
In addition to having the biggest demand for soy lecithin, Europe also produces the most of it. This is a result of both the vast quantity of land used for agriculture and the cutting-edge technologies employed by farmers.
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Category wise insights
How paint industry is helping the soy lecithin market to grow?
Soy lecithin, which is utilized as an emulsifier, wetting agent, and dispersion, is widely employed in the paint business. According to FMI research, the global market for soy lecithin is anticipated to expand at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2032. Since more than 30% of the demand for soy lecithin is met by paints and coatings, the paint sector plays a significant role in this expansion.
In paint compositions, soy lecithin has various advantages, including enhanced wetting and dispersion, greater gloss and color development, and less foam generation. Additionally, it works well as an emulsifier for oil-based paints and can increase the toughness of water-based paints.
How soy lecithin is used in the pharmaceutical industry?
A natural emulsifier made from soybeans is called soy lecithin. It serves as a dietary supplement and releases aid in the pharmaceutical sector.
In order to facilitate release, soy lecithin is employed in the production of tablets and capsules. It stops the active components from adhering together and clumping. Tablet presses and other equipment use soy lecithin as a lubricant.
A source of phospholipids and necessary fatty acids is soy lecithin. It is included in dietary supplements to enhance nutrient absorption and utilization. Additionally, soy lecithin provides anti-oxidant qualities that shield cells from harm.
Competitive landscape
The soy lecithin market faces fierce competition from a number of local and international rivals. Lecithin producers are hastening the introduction of new goods in order to better interact with customers and satisfy the rising demand for products containing lecithin.
To satisfy shifting consumer demands and seize the largest market possible, companies in the soy lecithin sector are always launching new types of ingredients. Additionally, companies are focusing on growing their distribution networks in order to reach new markets.
Cargill Inc
Archer Daniels Midland Company
LASENOR EMUL
DuPont de Nemours
Lecico Gmbh,
Wilmar International
, Ruchi Soya Industries Ltd
Archer Daniels Midland Company
Ceresking Ecology & Technology Co. Ltd
In a recently published Research, FMI in-depth examined the pricing policies of soy lecithin producers positioned across geographies, sales growth, manufacturing capacity, and speculative production expansion.
The whole report includes recent alterations that the FMI team has been keeping an eye on and that have affected suppliers of soy lecithin.
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Soy lecithin market report scope
Attribute
Details
Forecast period
2022 to 2032
Historical data available for
2017 to 2022
Market analysis
USD million in value
Key regions covered
North America
Europe
South America
Asian pacific
Northern Europe
Key countries covered
USA
Germany
France
Italy
Canada
United Kingdom
Spain
China
India
Key segments covered
Product
Application
Distribution channel
Region
Functions
Key companies profiled
Cargill Inc
Archer Daniels Midland Company
LASENOR EMUL
DuPont de Nemours
Lecico Gmbh,
Wilmar International
Ruchi Soya Industries Ltd
Archer Daniels Midland Company
Ceresking Ecology & Technology Co. Ltd
Report Coverage
Market Forecast,
Company Share Analysis
Competitive Landscape
Drivers, Restraints, Opportunities, and Threats
Analysis
Market Dynamics
Challenges
Strategic Growth Initiatives
Customization and Pricing
Available upon request
Soy lecithin market segmentation by category
By type:
Food
Feed
Pharmaceutical
Industry
By function:
Emulsifiers
Wetting agents
Viscosity modifiers
Release aids
Dispersants
Nutritional supplement
Surfactants
By end user:
Food
Beverages
Paint Industry
Pharmaceutical
Plastic
By region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Middle east and Africa
Frequently Asked Questions
How big is the Soy lecithin market?
The Soy lecithin market size is assessed to be USD 564.6 million in 2022.
At What Rate is Soy lecithin market expected to rise?
The Soy lecithin market is expected to rise at a CAGR of 5.8%.
Which are the major countries driving demand for Soy lecithin market?
USA, China, Canada, Germany, China, India, the United Kingdom, and Australia are the major countries driving demand for the Soy lecithin market.
At what rate will the China soy lecithin market grow?
China's Soy lecithin market is projected to grow at a CAGR of around 5.7% over the next ten years.
What is the market share of Germany soy lecithin market?
Its market share of Germany in soy lecithin is about 28% of the global market.
Who are the top 5 players operating in the market?
Cargill Inc, Archer Daniels Midland Company, LASENOR EMUL, DuPont de Nemours, and Ceresking Ecology & Technology Co. Ltd are expected to be the top players driving the market growth.
What is the demand outlook forecast for the Soy lecithin market?
The global Soy lecithin market is forecasted to surpass USD 992.2 Million by the end of 2032.
