The global Soy Lecithin Market is expected to reach USD 1.33 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to growing end-use applications of soy lecithin. Soy lecithin is used as an emulsifier in the food & beverage industry to prevent margarine and cooking sprays from splattering when they are used for frying purposes.
The report includes an extensive study of manufacturers, strategic initiatives adopted by major companies, growth prospects, market position, and shares held by key participants to provide readers a comprehensive overview of the competitive landscape. The report also studies strategic initiatives undertaken by major companies in the market, including product launches, product innovation, and technological development, to strengthen their position in the market.
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Key participants include Cargill Inc., Archer Daniels Midland Company, Du Pont, American Lecithin Company, Ruchi Soya Industries Inc., LASENOR EMUL, Lipoid GmbH, Bunge Limited, Ceresking Ecology & Technology Co. Ltd., and Lecico GmbH, among others.
Further key findings from the report suggest
- By grade, feed grade soy lecithin held a substantial market share in 2018, as it is considered suitable for consumption by animals and providing them sufficient nutrition for the health.
- Soy lecithin is used to support the blending of ingredients, which makes it a great wetting agent. This property is essential in instant food and drink products that normally require mixing a solid powder in liquid.
- The market in the Asia Pacific region contributed to the largest share in 2018 and is expected to grow at a rate of 6.4% in the forecast period. The market dominance of the APAC region is owing to a huge population in countries in the region as well as an increase in demand of soy lecithin in the food & beverage and pharmaceutical industries.
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For the purpose of this report, Reports and Data have segmented the global soy lecithin market on the basis of product type, grade, application, distribution channel, industry vertical, and region:
Product Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Natural Soy Lecithin
- Refined Soy Lecithin
- Chemically Modified
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Food Grade
- Feed Grade
- Pharmaceutical Grade
- Others
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Emulsifiers
- Nutritional Supplements
- Dispersants
- Wetting Agents
- Viscosity Modifiers
- Surfactants
- Others
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Online
- offline
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Food & Beverage
- Pharmaceutical
- Paints
- Others
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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Objective of Studies:
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Soy Lecithin market.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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