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Soy Lecithin Market

Market Insights on Soy Lecithin covering sales outlook, demand forecast & up-to-date key trends

Soy lecithin market by Type, Function, End users ,Distribution channel & Region - Forecast 2022 - 2032

Soy Lecithin Market Outlook

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 Mn in 2022 to USD 992.2 Mn in 2032, according to forecasts.

Market size value in 2022

USD 564.6 Mn

Market forecast value in 2032

USD 992.2 Mn

Forecast period

2022-2032

Global growth rate (CAGR)

5.8%

Growth rate of Australia in 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 Mn. 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 USD 536.7 Mn 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 pharmaceutical and food industry the market for soy lecithin is expected to grow during the forecasted period of 2022-2032.

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 United States.
Soybeans are a major source of lecithin, and the United States 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 for the 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 in R&D 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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Principal Consultant
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Category wise insights

How paint industry is helping 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?

Natural emulsifier made from soybeans is called soy lecithin. It serves as a dietary supplement and release 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

2022-2032

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
  • U.K.
  • Spain
  • China
  • India

Key segments covered

  • Product
  • Application
  • Distribution channel
  • Region
  • Fnctions

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
  • DROT 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

The Soy lecithin market size is assessed to USD 564.6 Mn in 2022.

The Soy lecithin market is expected to rise at a CAGR of 5.8%.

US, China, Canada, Germany, China, India, U.K. Australia are the major countries driving demand for Soy lecithin market.

China Soy lecithin market is projected to grow at a CAGR of around 5.7% over the next ten years.

Market share of Germany in soy lecithin is about 28% of the global market.

Cargill Inc, Archer Daniels Midland Company, LASENOR EMUL, DuPont de Nemours, Ceresking Ecology & Technology Co. Ltd are expected to be the top players driving the market growth.

The global Soy lecithin market is forecasted to surpass USD 992.2 Mn by the end of 2032.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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