+91-8668442535

Soy Lecithin Market By Form (Granules, Powder, Liquid), By Function (Nutritional Supplements, Emulsifiers, Dispersants, Viscosity Modifiers, Others), By Modification (GM, Non-GM), By End-use Industry (Food & Beverages, Paint Industry, Pharmaceutical, Others) - Growth, Future Prospects And Competitive Landscape, 2018 – 2026

Growing Concern for a Healthy Lifestyle to Aid the Soy Lecithin Market's Growth Positively

The soy lecithin market is expected to reach US$ 1.23 billion in 2026, growing at a CAGR of 5.8% between 2017 and 2026. Soy lecithin is a food additive sourced from soy. It acts as an emulsifier or lubricant when added to food. It is one of the most widely used food additives on the market. One of the most prominent factors aiding the soy lecithin market's growth can be attributed to the increasing concern for a healthy lifestyle. The demand for nutrient-rich foods has been high in recent years, a factor driving the soy lecithin market's growth.

Another prominent factor contributing to the increasing demand for soy lecithin is the fact that, despite being derived from soy, it is free from allergens. The allergens are removed from soy lecithin during the manufacturing process. Soy, which is the source of soy lecithin, is widely available, and its low price in the international market further supports the soy lecithin market's growth. In addition, soy lecithin is increasingly finding application in the food and non-food verticals. For instance, in the pharmaceutical industry, soy lecithin is used as a stabilizing, wetting, and dispersing agent. Similarly, it finds application in the animal feed industry as it is a source of protein and fat. Therefore, multifunctionality in various end-use industries is another important factor favoring the soy lecithin market's growth.

Market Synopsis

The use of hexane in the extraction process may cause health concerns.

However, challenges in the form of health concerns arising from the use of hexane in the extraction process of soy lecithin exist. It may cause dangerous side effects such as headaches, dizziness, and nausea. The absence of any regulation from the FDA pertaining to hexane residue left over further adds to the concern. Moreover, the rising inclination towards organic food products is another factor restraining the market growth of the soy lecithin market. Soy lecithin, unless labeled "organic," mostly comes from GMO soybeans, which might cause allergic reactions and unintended side effects.

In the coming years, Asia Pacific will emerge as the fastest-growing market.

In terms of growth rate, the Asia Pacific market is expected to witness the fastest growth during the forecast period from 2018 to 2026. The region was the largest in terms of both production and consumption. India and China are the two major markets in the Asia-Pacific region. One of the most prominent factors aiding the market's growth in the region can be attributed to the increasing application of soy lecithin across various industries, in particular, the food and beverage industry.

Report Scope by Segments

The report elucidates the detailed outline of the global soy lecithin market by categorizing the market in terms of form, function, modification, end-use industry, and geography.

Key players profiled in the report include Lipoid GmbH, Archer Daniels Midland Company, American Lecithin Company, Cargill, Bunge Limited, LASENOR EMUL, Ceresking Ecology & Technology Co. Ltd., Ruchi Soya Industries Ltd., and Lecico GmbH, among others.

Key questions are answered in this report.

  • What was the global soy lecithin market size in 2017, and what is the forecast for 2026?
  • What are the current trends in the soy lecithin market?
  • What are the various valuable opportunities for the players in the market?
  • Which is the largest regional market for soy lecithin?
  • Which region is expected to have the fastest growth and why?
  • What are the future prospects for the soy lecithin market?
  • What are the major drivers and restraints influencing the market's growth?
  • What are the key strategies adopted by the leading players in the market?

Frequently Asked Questions:

The market for Soy Lecithin Market is expected to reach US$ 1.23 Bn in 2026.

The Soy Lecithin Market is expected to see significant CAGR growth over the coming years, at 5.8%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Lipoid GmbH, Archer Daniels Midland Company, American Lecithin Company, Cargill, Bunge Limited, LASENOR EMUL, Ceresking Ecology & Technology Co. Ltd., Ruchi Soya Industries Ltd. are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Mar 2019
Category:  Food & Beverage
Report ID:   59608
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support