Global Soy Lecithin Market

Global Soy Lecithin Market Size, Share, Growth Analysis, By Source(Soy, Sunflower), By End-Use(Convenience Food, Bakery), By Form(Liquid, Powder) - Industry Forecast 2024-2031


Report ID: SQMIG30C2113 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 97 | Figures: 76

Global Soy Lecithin Market Insights

Soy Lecithin Market size was valued at USD 547.5 million in 2019 and is poised to grow from USD 588.7 million in 2023 to USD 984.2 million by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

Lecithin is a dietary ingredient that may be found in soy, among other sources. It is often added to food as an emulsifier or lubricant, but it may also be used as an antioxidant and taste preserver. Soy lecithin, like many food additives, is not without controversy. Many people think it could be harmful to their health. However, very few, if any, of these assertions are supported by hard data. Due to the existence of consumers who are price-sensitive, lecithin manufacturers compete on the basis of competitive pricing. In order to stand out from the competition, manufacturers place a strong emphasis on process innovation and the source of their low-cost raw materials. Additionally, when lecithin production expands and end-use sectors including food, beverage, feed, and pharmaceutical expand quickly, this tends to exceed the gap between supply and demand, leading to mild price increases anticipated during the projection period.

For example, in the fourth quarter of 2021, Deoiled Soya Lecithin Powder costs were skyrocketing in the Asian market. Prices were skyrocketing in the Chinese market, supported by a drop in soybean imports from the US following a disruption in market dynamics brought on by storms. Throughout Q4 FY22, China saw a considerable increase in the cost of deoiled lecithin powder made from soy. Deoiled soy lecithin powder prices increased by 4.38 percent in India as a result of increased freight costs and increased demand from ongoing winter holidays. Deoiled soy lecithin powder was estimated to cost USD 4092.24 per MT on a CFR basis.

Due to the shutdown of several industrial facilities, the coronavirus pandemic has brought about a global stop in a number of industries, including the food and beverage and pharmaceutical sectors. Companies that produce soy lecithin had trouble keeping up with demand because to labour shortages, company closures of manufacturing facilities, transportation constraints, and hiccups in the supply of raw materials. The Black Sea region's sunflower seed production in 2019 declined by almost 20% from an average year, totaling 14,1 million t in Ukraine and 13,27 million t in Russia. India produced up to 10,45 million t of soybeans. Despite these data, prices of IP soy and sunflower lecithin fell to their all-time lows in December 2020 and January 2021 as a result of a decline in demand brought on by the COVID lockout and the entry of new competitors.

US Soy Lecithin Market  is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 547.5 million

Largest Segment

Soy

Fastest Growth

Sunflower

Growth Rate

7.7% CAGR

Global Soy Lecithin Market, 2021-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
Global Soy Lecithin Market By Source, 2021-2028 ($ Bn)
Global Soy Lecithin Market By Source, 2021-2028 (%)

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Global Soy Lecithin Market Segmental Analysis

Global soy lecithin market is segmented based on the source, end-use, form, and region. Based on the source, the global soy lecithin market is segmented as soy, sunflower, rapeseed, and others. Based on end use, the global soy lecithin market is segmented as convenience food, bakery, confectionery, pharmaceutical, personal care and cosmetics, animal feed, other industries, and others. Based on form, the global soy lecithin market is segmented into liquid, powder, and granules. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Soy Lecithin Market Analysis by Source

With a revenue share of approximately 75 percent in 2021, the soy sector led the global soy lecithin market. This can be attributed to the expanding food business in parts of Europe and Asia-Pacific, where large tracts of land are used for soybean production and cultivation. A total of 120.50 million hectares will produce 333.67 million tonnes of soybeans globally in 2019–20. With 114.27 million tonnes produced, Brazil leads the world in soybean production, followed by the United States (96.79 million tonnes), Argentina (55.26 million tonnes), China (15.73 million tonnes), and India (13.27 million tonnes), which together account for 34.25, 29.01, 16.56, 4.00, and 3.98 percent of global production. India is sixth in output with 11.22 million tonnes in 2019–20, and fourth in the area with 11.34 million hectares (28.02 million acres), or 9.41% of the global area. It is mostly employed in the production of dairy goods, ice cream, nutritional supplements, new-born formulae, bread, margarine, and other ready-to-eat meals. However, it is anticipated that throughout the projected period, demand would decline due to growing worries about rising cholesterol levels and the allergenic qualities of soybean.

Due to the extensive list of advantages the product offers, lecithin produced from sunflower seeds is predicted to experience a surge in demand in the expanding product category of healthy meals. The expanding use of sunflower lecithin in the production of supplements is another factor contributing to the expectation that demand will stay strong. Consuming seeds, notably sunflower seeds, has been related in studies to decrease incidences of high cholesterol, high blood pressure, and cardiovascular disease. Numerous vitamins and minerals included in sunflower seeds help strengthen your immune system and improve your capacity to fend against diseases.

Soy Lecithin Market Analysis by End Use

With the biggest revenue share of more than 45% in 2021, the animal feed sector has led the global soy lecithin market. This results from the majority of people throughout the world consuming more meat on a daily basis. The highly developed animal husbandry sector has also contributed favorably to the industry's overall expansion. In the 30 years from 1988 to 2018, the output of meat quadrupled, and since the middle of the 1960s, it expanded fourfold. And more output is anticipated in the future. It is anticipated that between 460 million and an astounding 570 million tonnes of beef would be consumed worldwide by 2050. A beef consumption of 570 million tonnes would be twice as high as in 2008. 90 percent of the world's steadily growing soybean output is used for animal feed. The Food and Agriculture Organization of the United Nations anticipates a more than 1% increase in worldwide meat consumption this year. The nations with low and moderate incomes, where incomes are steadily rising, will have the quickest growth. This is expected to boost the soy segment and further fuel the growth of the global soy lecithin market.

A significant portion of the global soy lecithin market is made up of the food and beverages segment. This kind of lecithin provides nutritional advantages in addition to being a flexible component in a variety of culinary applications. This kind of lecithin is naturally rich in choline, devoid of cholesterol, and loaded with polyunsaturated fats. As a replacement for cocoa butter and as an emulsifier, it is widely used in chocolate and complex coatings. The substance serves as a release agent in crackers, cookies, pies, and cakes and enhances shortening dispersion. It is frequently employed in the baking sector to increase moisture retention, even mix, and as a shelf-life extender. Lecithin interacts with proteins, lipids, and carbohydrates among other nutritional components. For example, Lecithin is added to chocolate by weight; its proportion is frequently displayed on the packaging and is nearly never more than 0.1 percent. This is due to the fact that lecithin's viscosity-reducing effects actually start to reverse after 0.5 percent; adding more than this might even make the chocolate too thick.

Soy Lecithin Market Analysis by Form

In 2021, the global soy lecithin market was led by liquid form, which had the biggest revenue share of more than 82 percent. A significant increase in the demand for liquid form across a variety of end-use application sectors, including industrial coatings, cosmetics, food processing, and confectioneries, is responsible for this high share. While it is ingested as a nutritional supplement in addition to being utilized in liquid form as a food additive or naturally in many food products. Instead of being pure phosphatidylcholine, liquid lecithin in dietary supplements is typically a blend of choline, inositol, phosphatidylcholine, phosphatide, and other substances. Additionally, compared to its previous forms, the liquid form spreads in oil more easily.

Global Soy Lecithin Market By Source, 2021(%), 2023 (%)

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Global Soy Lecithin Market Regional Insights

With the biggest revenue share of more than 30% in 2021, Europe dominated the global soy lecithin market. This is explained by the fact that the region has a sizable number of lecithin producers. Demand is also being fueled by an abundance of raw resources and rising health consciousness among customers in the area. The 2.7 million tonnes of soybeans produced in the European Union over the years remained largely consistent. More than 15 million tonnes of soybeans and over 19 million tonnes of soybean meal were imported into the EU28+ in 2019. 243.880 tonnes of beans (195.104 tonnes of equivalent soybean meal) and 461.408 tonnes of the meal were exported, respectively, to nations outside the EU28+. The majority of the imported soybeans and soybean meal are used in the EU28+ for feed, food, and fuel after being crushed. In addition to direct soy imports, embedded soy is also imported into the EU28+ (263.087 tonnes), but embedded soy exports are far greater at more than 3 million tonnes, demonstrating the crucial role the EU28+ plays in animal-based agriculture.

The presence of significant end customers and the accessibility of raw resources in the North American region are the main drivers of demand. Large soy fields in the United States and canola farms in Canada are promoting market expansion in this region. One of the main sources used in the production of lecithin is soybeans. Soybean output in North America is rising as a result of extensive soy farming and an increase in the number of small-scale crushing plants. Production of soybeans reached a record high in 2021 of 4.44 billion bushels, up 5% from the previous year. The average soybean yield is anticipated to be 51.4 bushels per acre, which is 0.4 bushels more than 2020 and the second highest on record, with record-high yields in 21 states. An estimated 87.6 million acres will be planted with soybeans in 2021, an increase of 5% over the previous year. In 23 of the major producing States, planted acres have increased since last year. With 86.7 million acres expected to be harvested, this represents an increase of 5% from 2020. This would be the third-highest planted and harvested soybean acreage in history if realized.

Global Soy Lecithin Market By Geography, 2021 - 2028, 2024-2031
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Global Soy Lecithin Market Dynamics

Soy Lecithin Market Driver

  • The processed and packaged food sector is expanding favorably, which is expected to be good for the market given the rising per capita food spending and changing dietary preferences. The need for nutrient-rich beverages, meals, and supplements is on the rise due to rising concerns about living a healthy lifestyle. This demand is expected to eventually drive producers to employ goods like soybean lecithin, which is both affordable and nutrient-rich. Additionally, the product's extensive chemical and physical qualities make it useful in the paint and cosmetics industries. Consumers in the United States spent an average of 10.3 percent of their disposable personal income on food in 2021, with food consumed at home accounting for 5.2 percent of the total (5.1 percent). Consumers, corporations, and government agencies in the United States spent $1.77 trillion in 2019 on food and drinks at supermarkets and other merchants as well as on takeout meals and snacks.
  • One of the most significant sources of commercial lecithin is soybean. Soybean is currently gaining popularity because to its wide availability and affordable cost in international markets. Major soybean-producing nations like China and the U.S. are starting to produce an abundance of soybeans, which is anticipated to maintain the market's stable growth patterns. The total world production for soybeans in 2020 was 353,463,735 metric tonnes, up 5.1% from 336,329,392 tonnes in 2019. Brazil was the largest producer, accounting for 34% of world production, followed by the United States at 32%.

Soy Lecithin Market Restraint

  • Over the ensuing decades, the product will continue to see a growth in demand. However, the growing usage of genetically modified (GM) soybean for the manufacturing of soybean lecithin is projected to impede market expansion in the years to come. Despite the fact that lecithin is a highly processed product and the source of the raw materials, such as GMO or non-GMO soybean, cannot easily be determined. However, it is predicted that the rigorous regulations and laws in Europe regulating the usage of GMO soy lecithin would impede global soy lecithin market expansion.

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Global Soy Lecithin Market Competitive Landscape

The global soy lecithin market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.

Top Players in the Global Soy Lecithin Market

  • Archer Daniels Midland Company
  • Denofa
  • Ruchi Soya Industries 
  • Cargill, Inc.
  • Bunge Limited
  • DuPont de Nemours, Inc.
  • Lecico GmbH
  • Lipoid GmbH
  • American Lecithin Company
  • Stern-Wywiol Gruppe GmbH & Co. KG
  • Thew Arnott Group
  • Lucas Meyer Cosmetics
  • Austrade Inc.
  • Lasenor Emul S.L.
  • Sodrugestvo Group
  • Rasoya Proteins Limited
  • Vav Life Sciences Pvt. Ltd.
  • GIIAVA (AGRANA)
  • Swanson Health Products
  • Marathwada Chemical Industries Pvt. Ltd.

Soy Lecithin Market Recent Developments

  • In May 2022, in order to meet the rising domestic and international demand for oilseeds brought on by the food, feed, and fuel sectors, Cargill has disclosed plans to construct a new soybean processing facility in Pemiscot County, Missouri, close to Hayti and Caruthersville. With a 62-million-bushel capacity for yearly soybean production, the plant will be the first of its type in Southeast Missouri. Cargill expects to start construction on the project in the first few months of 2019 with an operating goal of 2026. When finished, the new plant will bring about 45 additional full-time jobs to the area.
  • In September 2021, in a deal that would expand AAK's presence in the European lecithin market, BIC Ingredients, the lecithin division of BIC International Holding, has agreed to be acquired by AAK. BIC Ingredients, based in the Netherlands, provides non-GMO specialized lecithin and lecithin compounds. A natural emulsifier called lecithin is made from plant-based oils including soy, sunflower, and rapeseed. The raw materials used by BIC Ingredients come from many parts of the world. The BIC Ingredients products will be included in AAK's line of specialized lecithins, which are offered under the Akolec name. AAK is situated in Malmo.

Global Soy Lecithin Key Market Trends

  • Consumers nowadays are looking for items that will enable them to live more ethically and sustainably. From this point forward, organic products are becoming incredibly popular. Additionally, producers hope to influence customers to choose healthier foods by incorporating organic components.
  • The market is probably going to increase as a result of the rising demand for natural and organic food goods, opening up new income potential. It is anticipated that the lecithin market in emerging countries would grow quickly as consumers look for meals with a balanced nutrition that will help them lose weight and deal with calorie concerns. Desire in this market will also be fueled by rising consumer demand for natural fats derived from plants and animals as well as rising consumer awareness of the importance of consuming wholesome foods.

Global Soy Lecithin Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Soy Lecithin Market Analysis, in terms of source, the soy segment held the largest share in the global soy lecithin market in 2021. This can be attributed to the expanding food business in parts of Europe and Asia-Pacific, where large tracts of land are used for soybean production and cultivation. By end-use, the animal feed segment held the largest share in the global soy lecithin market. This results from the majority of people throughout the world consuming more meat on a daily basis. And, by region, the largest share in the global soy lecithin market was held by Europe. This is explained by the fact that the region has a sizable number of lecithin producers. Demand is also being fueled by an abundance of raw resources and rising health consciousness among customers in the region.

Report Metric Details
Market size value in 2023 USD 547.5 million
Market size value in 2031 USD 984.2 million
Growth Rate 7.7%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Source
    • Soy, Sunflower, Rapeseed, Others
  • End-Use
    • Convenience Food, Bakery, Confectionery, Pharmaceutical, Personal Care, Cosmetics, Animal Feed, Other Industries, Others
  • Form
    • Liquid, Powder, Granules
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Archer Daniels Midland Company
  • Denofa
  • Ruchi Soya Industries 
  • Cargill, Inc.
  • Bunge Limited
  • DuPont de Nemours, Inc.
  • Lecico GmbH
  • Lipoid GmbH
  • American Lecithin Company
  • Stern-Wywiol Gruppe GmbH & Co. KG
  • Thew Arnott Group
  • Lucas Meyer Cosmetics
  • Austrade Inc.
  • Lasenor Emul S.L.
  • Sodrugestvo Group
  • Rasoya Proteins Limited
  • Vav Life Sciences Pvt. Ltd.
  • GIIAVA (AGRANA)
  • Swanson Health Products
  • Marathwada Chemical Industries Pvt. Ltd.
Customization scope

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Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Soy Lecithin Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Soy Lecithin Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Soy Lecithin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Soy Lecithin Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Soy Lecithin Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Soy Lecithin Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Soy Lecithin Market size was valued at USD 547.5 million in 2019 and is poised to grow from USD 588.7 million in 2023 to USD 984.2 million by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

The global soy lecithin market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Archer Daniels Midland Company', 'Denofa', 'Ruchi Soya Industries ', ' Cargill, Inc.', 'Bunge Limited', 'DuPont de Nemours, Inc.', 'Lecico GmbH', 'Lipoid GmbH', 'American Lecithin Company', 'Stern-Wywiol Gruppe GmbH & Co. KG', 'Thew Arnott Group', 'Lucas Meyer Cosmetics', 'Austrade Inc.', 'Lasenor Emul S.L.', 'Sodrugestvo Group', 'Rasoya Proteins Limited', 'Vav Life Sciences Pvt. Ltd.', 'GIIAVA (AGRANA)', 'Swanson Health Products', 'Marathwada Chemical Industries Pvt. Ltd.'

The processed and packaged food sector is expanding favorably, which is expected to be good for the market given the rising per capita food spending and changing dietary preferences. The need for nutrient-rich beverages, meals, and supplements is on the rise due to rising concerns about living a healthy lifestyle. This demand is expected to eventually drive producers to employ goods like soybean lecithin, which is both affordable and nutrient-rich. Additionally, the product's extensive chemical and physical qualities make it useful in the paint and cosmetics industries. Consumers in the United States spent an average of 10.3 percent of their disposable personal income on food in 2021, with food consumed at home accounting for 5.2 percent of the total (5.1 percent). Consumers, corporations, and government agencies in the United States spent $1.77 trillion in 2019 on food and drinks at supermarkets and other merchants as well as on takeout meals and snacks.

Consumers nowadays are looking for items that will enable them to live more ethically and sustainably. From this point forward, organic products are becoming incredibly popular. Additionally, producers hope to influence customers to choose healthier foods by incorporating organic components.

With the biggest revenue share of more than 30% in 2021, Europe dominated the global soy lecithin market. This is explained by the fact that the region has a sizable number of lecithin producers. Demand is also being fueled by an abundance of raw resources and rising health consciousness among customers in the area. The 2.7 million tonnes of soybeans produced in the European Union over the years remained largely consistent. More than 15 million tonnes of soybeans and over 19 million tonnes of soybean meal were imported into the EU28+ in 2019. 243.880 tonnes of beans (195.104 tonnes of equivalent soybean meal) and 461.408 tonnes of the meal were exported, respectively, to nations outside the EU28+. The majority of the imported soybeans and soybean meal are used in the EU28+ for feed, food, and fuel after being crushed. In addition to direct soy imports, embedded soy is also imported into the EU28+ (263.087 tonnes), but embedded soy exports are far greater at more than 3 million tonnes, demonstrating the crucial role the EU28+ plays in animal-based agriculture.

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Global Soy Lecithin Market

Product ID: SQMIG30C2113

$5,300
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