soy-lecithin-market

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, 2024 – 2032

02 Mar 2019 Format PDF icon PPT icon XLS icon Request Sample

"Growing Concern for Healthy Lifestyle to Aid the Soy Lecithin Market Growth Positively"

The soy lecithin market expected to reach US$ 1.51 Bn in 2030 growing at a CAGR of 5.8% during the forecast period from 2023 to 2030. 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 additive in the market. One of the most prominent factors aiding the soy lecithin market growth can be attributed to the increasing concern for healthy lifestyle. The demand for nutrient rich foods have been on the high in recent years, a factor driving the soy lecithin market 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 for soy lecithin, is widely available and its low price in the international market further supports the soy lecithin market growth. In addition, soy lecithin are increasingly finding application in the both 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 growth.

"The Use of Hexane in the Extraction Process May Cause Health Concerns"

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

"Asia Pacific to Emerge as the Fastest Growing Market in Coming Years"

In terms of growth rate, the Asia Pacific market is expected to witness the fastest growth during the forecast period from 2023 to 2030. The region was the largest in terms of both production and consumption. India and China are the major markets in the Asia Pacific region. One of the most prominent factors aiding the market growth in the region can be attributed to increasing application of soy lecithin across various industries and in particular the food and beverage industry.

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.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Soy Lecithin market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Soy Lecithin market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Form
  • Granules
  • Powder
  • Liquid

Function
  • Nutritional supplements
  • Emulsifiers
  • Dispersants
  • Viscosity modifiers
  • Others

Modification
  • GM
  • Non-GM

End-use Industry
  • Food & Beverages
  • Paint Industry
  • Pharmaceutical
  • Others

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Soy Lecithin market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Soy Lecithin market?
  • Which is the largest regional market for Soy Lecithin market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Soy Lecithin market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Soy Lecithin market worldwide?
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