Soy Lecithin Market Size, Share, Industry, Forecast and outlook (2024-2031)

Soy Lecithin Market is segmented By By Product Type(GMO, Non-GMO), By Application (Emulsifier, Stabilizer, Lubricant, Wetting Agent, Nutritional Supplement, Others), By End-Use Industry (Food & Beverages, Animal Feed, Cosmetics, Pharmaceuticals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Soy Lecithin Market Overview

The Global Soy Lecithin Market to grow at a CAGR Of 5.8% during the forecast period 2024- 2031.

Lecithin sourced from soy has long been in use as a food additive. A wide array of food products including condiments, chocolates, and dressings use soy lecithin as an emulsifier, lubricant, stabilizer, wetting and dispersing agent. Soy lecithin is also rich in choline, a vitamin-like essential nutrient that reduces the levels of bad cholesterol, thus making it a dietary supplement of choice for the heart health-savvy population.

Soy Lecithin Market Scope

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Soy Lecithin Industry Dynamics

The lecithin industry is increasing at a breakneck pace, thanks to the rising demand for convenience foods, functional foods, and beverages. The growing demand for green and organic food products is likely to boost the business, expanding revenue opportunities. The lecithin market in developing nations is predicted to increase rapidly as customers seek balanced nutrition meal options that assist weight loss and address calorie issues. Furthermore, increased demand for natural fats produced from plants and animals, as well as growing awareness among people about the need of eating nutritious and high-quality food, will drive demand in this market. However, worries over genetically modified (GM) soybeans, as well as restrictions on the use of soy lecithin in food products due to soy's allergenic nature, are impeding the market's expansion. Also, rigorous regulatory laws relating to genetically modified soybeans and excessive intake of soy lecithin, which has been linked to a variety of health problems, may deter people from purchasing these goods, limiting market expansion.

Covid 19 Analysis on Soy Lecithin Market

Covid 19 basically has made a devastating impact on the Soy Lecithin Market in a pretty big way. Due to the restrictions imposed on global trade, the supply and demand chain of the market specifically has been disrupted. Due to Covid restrictions have been imposed on the kind of free movement of working people too, which for all intents and purposes is fairly significant. This actually has literally resulted in decreasing production for the Lecithin market.

Soy Lecithin Market Segmentation Analysis

The global soy lecithin market has been segmented by function into emulsifier, stabilizer, antioxidant, lubricant, wetting agent, nutritional supplement, and others. Because of the demand for soy lecithin as an emulsifier in food, feed, plastics, pharmaceuticals, and other industries, emulsifiers thus became basically the largest segment, which literally is quite significant. Food and beverages led the global soy lecithin market in 2018, with a market share of over 50%. A significant portion of the market definitely is made up of animal feed, cosmetics, medicines, and a few other businesses.

Global Soy Lecithin Market Geographical Share

By geography, the global soy lecithin market is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. It has been projected that Asia-pacific will lead the soy lecithin market during the forecast period. This is mostly because of the availability of the raw materials present in this region. Soy lecithin is an important raw material of paints that helps in the reduction of viscosity in the paint. It is also used in construction, food. India and China are supposed to be the key driving regions for this market.

North America and Europe are also projected to give a boost in the forecast period. The increase in demand for high protein foods in developed regions has increased the demand for the Soy Lecithin market. Due to the increase in the busy lifestyle, people are looking for a cheap and high-quality protein source, which has increased the demand for the Soy Lecithin market.

Soy Lecithin Companies And Competitive Landscape

The global soy lecithin market is fragmented with the foothold of a large number of companies. The market is highly competitive with the likes of new product launches in the fields of organic and non-GMO soy lecithins. All the key market players including The Archer Daniels Midland Company (Yelkin and Ultralec series) and Cargill, Incorporated (Topcithin NGM, Metarin NGM, Emulpur) are focusing on widening their portfolio of non-GMO soy lecithins to cater for the growing demand from organic food processors across the globe

Other key players in the market are American Lecithin Company, Sonic Biochem Extractions Ltd., DuPont Nutrition & Biosciences, Lipoid GmbH, and Agro Solvent Products Pvt. Ltd.

• Cargill in January 2021 acquired ProPortion Foods.
• In 2018 Archer Daniels Midland Company and Cargill reached an agreement to open a Soybean joint venture in Egypt

Sonic Biochem Extractions Pvt. Ltd. :

Overview:

Sonic Biochem Extractions is the global leader in manufacturing non-GMO soya and sunflower ingredients. Sonic Biochem was established in 1997. This is the first soya processing company to go in for organic farming and agriculture-extension activities to improve the quality of soybeans.

Product Portfolio:

• Standardised Soya Lecithin Fluid
• Standardised Soya Lecithin Fluid Light
• De-Oiled Soya Lecithin
• Soya Phosphatidyl Choline 35

Key developments:

• Net Sales revenue for the past two years has increased by 3.82%
• In 2019-20, the productivity gained by organic farming by Sonic Biochem is 1023 Kg per hectare whereas traditional farming had 851 kg per hectare
• Praan Naturals debuted their new Organic Soy Lecithin Liquid and Powder for the personal care market in September 2019. Praan Naturals was able to increase its product portfolio as a result of the new product introduction. The skincare, lip care, hair care, nail care, and cosmetic goods will all benefit from the new product.