Soy Lecithin Market - Global Industry Analysis

Soy Lecithin Market By Application (Nutritional Supplements, Food & Beverages, Animal Feed, and Others), By Form (Solid, and Liquid), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 30-Aug-2022 Category: Consumer Goods Report Format : PDF Pages: 154 Report Code: ZMR-7050 Status : Published

The global soy lecithin market size was worth around USD 2.1 billion in 2021 and is predicted to grow to around USD 3.45 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.56% between 2022 and 2028.

Description

Soy Lecithin Market Size And Industry Analysis

The global soy lecithin market size was worth around USD 2.1 billion in 2021 and is predicted to grow to around USD 3.45 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.56% between 2022 and 2028. The report analyzes the global soy lecithin market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the soy lecithin market.

Soy Lecithin Market: Overview

Lecithin in general are fats essential to human bodies and can be found in organic food items like egg yolk or soy. Lecithin is a great food additive and the one originating from soy is called soy lecithin. It is typically used as a lubricant, or an emulsifier when it is added to food items. On other occasions, it can also be used as an antioxidant along with the benefits of a flavor protector. However, like other lecithin in the market, the use and benefits of soy lecithin are surrounded by contradicting statements or controversies, as it is claimed that it may pose some health dangers. But there is a lack of concrete evidence to support these controversies. As of 2022, soy lecithin can be found in health as well as conventional food stores.

In food items, it is used as an ingredient while when sold separately it is promoted as a health supplement. Since oil and water do not mix, and oil separates in normal conditions, lecithin becomes important to be added as a food additive in processed food items like supplements or medicines. When lecithin is added to the mixture of oil and water, it breaks the oil particles into smaller forms in the process called emulsification, thus it can easily be digested when eaten. Soy lecithin, since it is extracted from raw soybean, has the presence of soy but in negligent quantities, making science scholars believe that the product does not lead to any allergic reactions. Soy lecithin has gained popularity since it contains a mixture of phospholipids that aid the composition of cellular membrane structure and are widely used to store energy.

Some researchers in Japan have indicated that using fresh phospholipids can be used to replace damaged cell membranes while also restoring their structure and function. Some of the potential benefits of the product involve improved cholesterol levels, assistance in boosting immunity, and improving cognitive capabilities among other factors.

Global Soy Lecithin Market

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Key Insights

  • As per the analysis shared by our research analyst, the global soy lecithin market is estimated to grow annually at a CAGR of around 5.56% over the forecast period (2022-2028).
  •  In terms of revenue, the global soy lecithin market size was valued at around USD 2.1 billion in 2021 and is projected to reach USD 3.45 billion, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on form segmentation, the liquid was predicted to show maximum market share in the year 2021
  • Based on application segmentation, Food & Beverages had the leading revenue-generating applications in 2021.
  • On the basis of region, North America was the leading revenue generator in 2021

Covid-19 Impact

The global market cap suffered due to the onset of Covid-19 owing to the closure of manufacturing units and disruptions in the supply chain. Although there was considerable demand for the immunity-boosting soy lecithin, due to the closure of stores selling the products the global market growth was restricted during this time.

Soy Lecithin Market: Growth Drivers

Increasing application of soy lecithin to drive market growth

The global soy lecithin market is projected to benefit from the growing application of the products across the food and beverage industry. Since soy lecithin acts as a great emulsifier, many F & B manufacturers prefer to use the product while manufacturing food items. Owing to its dispersing capabilities, the product has high demand in markets involving paint, plastic, animal feed, and cosmetic manufacturing as well.

Soy lecithin is an extremely versatile product that can be used across industries making it a favorite amongst market players. In the F & B sector, a rising trend of preference for healthy food items can be witnessed which has led to a significant change in the manufacturing strategy adopted by organizations. More companies are now coming up with food with healthy ingredients like soy lecithin to increase their consumer database and meet the growing demand. This is also propelled by the rising research & development activities on the product itself to enhance its applications and seek more benefits from soy lecithin. The R & D activities are supported by private as well as government institutes opening the door for global market growth.

Soy Lecithin Market: Restraints

Use of artificially created soybean lecithin to restrict the market growth

There is still some clarification needed on the actual benefits offered by soy lecithin. At the same time, the global market is witnessing a rise in the use of artificially or genetically modified soybeans to produce soy lecithin. This diminishes the organic value of the product along with reduced nutrient richness. In such cases, there is a risk of consumer contact with a severe allergy to synthetically created soy lecithin which may restrict global market expansion if the process goes unmonitored by regulatory authorities.

Soy Lecithin Market: Opportunities

Growing demand in the cosmetics sector to provide market expansion opportunities

The global soy lecithin market is expected to garner some excellent growth opportunities from its application in the evolving cosmetic sector. In this industry, soy lecithin is widely used as an emulsifier, but the product also possesses moisturizing capabilities and can be used as an active ingredient in various ranges of moisturizers. The end-consumer is becoming more aware of the products and their core components owing to the presence of information on the internet or due to various awareness campaigns run by organizations for public welfare. This has subsequently led to a consumer segment that is completely aware of their needs and demand propelling the market players to cater to the consumer wants resulting in more brands incorporating soy lecithin in their products.

Soy Lecithin Market: Challenges

Limited research on the pros and cons of soy lecithin to challenge market growth

Although there are claims of benefits associated with soy lecithin, there are various questions surrounding its efficiency in delivering the health benefits that its manufacturers claim. However, no conclusive evidence has been found yet to confirm the negative health effects of consuming soy lecithin over a long period. More research is needed to provide conclusive evidence either supporting the questions or refuting them which is posing a major challenge for the global market expansion.

Soy Lecithin Market: Segmentation

The global soy lecithin market is segmented based on application, form, and region.

Based on application, the global market segments are nutritional supplements, food & beverages, animal feed, and others. The global market is expected to be dominated by the F & B segment owing to the increasing applications of soy lecithin in the production of various food items and beverages. Since soy lecithin can be equally used in the manufacturing of conventional food items as well as healthy food products, the versatility offered by the product is why the global market is witnessing a high acceptance rate. The F & B sector is one of the fastest growing industries and its global market value in 2021 was over USD 5.75 trillion and is expected to grow at an exceptionally high CAGR of around 10% by the end of the decade. These factors may contribute to the segmental growth during the projection period.

Based on form, the global market is divided into solid and liquid where the highest revenue is expected to be generated from the liquid formula since this form makes it easier to be mixed with other items used in the manufacturing of paints, cosmetic products, animal feed, etc. The liquid soy lecithin is used extensively to manufacture cheese, chocolates, salad dressing, and margarine while it also reduces the cholesterol level in these items. As per the National Library of Medicine studies, soy lecithin led to a decrease of 42.65% and 56.11% in low-density lipoprotein (LDL) cholesterol and a decrease of 40.65% and 42.60% in total cholesterol, when used on serum cholesterol concentration over two months of the administration

Recent Developments:

  • In April 2022, Louis Dreyfus Company Agricultural Industries LLC announced that it is opening a new soy liquid lecithin plant in Claypool, Indiana. The new facility is being claimed as the largest unit of the business incorporating biodiesel production, soybean processing, and refining operations for glycerin and lecithin. The recently launched unit will also integrate a canola oil distribution terminal along with a food-grade packaging line
  • In September 2019, a new variant of organic soy lecithin powder and liquid was launched by Praan Naturals. The product is to be used in the personal care sector and it has helped the company expand its product portfolio. Personal care items like hair care, lipstick, nail care, skincare, and other cosmetic products will use the new range of soy lecithin as active ingredients.
  • In September 2019, AAK, a vegetable oil, and fats producer acquired an 80% stake in Europe-based Soya International. With this, AAK expanded its ingredient portfolio and managed to reach a larger consumer database.

Soy Lecithin Market Report Scope:

Report Attributes Report Details
Report Name Soy Lecithin Market Research Report
Number of Pages 154
Key Companies Covered Cargill, Lipoid GmbH, Sternchemie Gmbh & Co.KG, Sodrugestvo, Archer Daniels Midland (ADM), Wilmar International, Bunge Limited, Thew Arnott & Co. Ltd., LEKITHOS, DowDuPont, SOYA International, and International Flavors & Fragrances (IFF)
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Soy Lecithin Market: Regional Analysis

North America to witness the highest market share during the forecast period

The global soy lecithin market is expected to be dominated by North America during the projection period driven by the rising application of the product in the F & B sector especially the processed food segments like confectionery and baked items. As per official reports, the baked good items market in the USA is expected to reach around USD 165.5 billion by 2025 which is an indication of the rising intake of such goods where soy lecithin forms an integral part of the production process.

The regional growth may be attributed to the rising R & D in understanding more about soy lecithin and enhancing its applications across other sectors as well. With the technological advancements in countries like the USA and Canada, it has become easy to improve the shelf life of the product, thus making it more cost-effective. In the USA, soybean cultivation is witnessing steady growth which was around 120.1 million hectares as of 2018. The USA is regarded as the world’s largest producer of soybean and the second largest exporter.

Europe is projected to grow owing to the rising demand for protein-rich food items because of the high-quality food intake trend in the EU market. Efforts undertaken by agencies like the European Lecithin Manufacturers Association to educate the masses about the product may aid regional market share growth.

Soy Lecithin Market: Competitive Analysis

The global soy lecithin market is the house to players like Cargill, Lipoid GmbH, Sternchemie Gmbh & Co.KG, Sodrugestvo, Archer Daniels Midland (ADM), Wilmar International, Bunge Limited, Thew Arnott & Co. Ltd., LEKITHOS, DowDuPont, SOYA International, and International Flavors & Fragrances (IFF).

The global soy lecithin market is segmented as follows:

By Application

By Form

  • Solid
  • Liquid

By Region

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

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Soy Lecithin Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Soy Lecithin Market : snapshot
  • Chapter 3. Global Soy Lecithin Market - Industry Analysis
    • 3.1 Soy Lecithin Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing application of soy lecithin to drive market growth
    • 3.3 Market Restraints
      • 3.3.1. Use of artificially created soybean lecithin to restrict the market growth
    • 3.4 Market Opportunities
      • 3.4.1. Growing demand in the cosmetics sector to provide market expansion opportunities
    • 3.5 Market Challenges
      • 3.5.1. Limited research on the pros and cons of soy lecithin to challenge market growth
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Application
      • 3.7.2 Market attractiveness analysis By Form
  • Chapter 4. Global Soy Lecithin Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Soy Lecithin Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Soy Lecithin Market - Application Analysis
    • 5.1 Global Soy Lecithin Market overview: By Application
      • 5.1.1 Global Soy Lecithin Market share, By Application, 2021 and 2028
    • 5.2 Nutritional Supplements
      • 5.2.1 Global Soy Lecithin Market by Nutritional Supplements, 2022 - 2028 (USD Billion)
    • 5.3 Food & Beverages
      • 5.3.1 Global Soy Lecithin Market by Food & Beverages, 2022 - 2028 (USD Billion)
    • 5.4 Animal Feed
      • 5.4.1 Global Soy Lecithin Market by Animal Feed, 2022 - 2028 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Soy Lecithin Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Soy Lecithin Market - Form Analysis
    • 6.1 Global Soy Lecithin Market overview: By Form
      • 6.1.1 Global Soy Lecithin Market share, By Form, 2021 and 2028
    • 6.2 Solid
      • 6.2.1 Global Soy Lecithin Market by Solid, 2022 - 2028 (USD Billion)
    • 6.3 Liquid
      • 6.3.1 Global Soy Lecithin Market by Liquid, 2022 - 2028 (USD Billion)
  • Chapter 7. Soy Lecithin Market - Regional Analysis
    • 7.1 Global Soy Lecithin Market Regional Overview
    • 7.2 Global Soy Lecithin Market Share, by Region, 2021 & 2028 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Soy Lecithin Market, 2022 - 2028 (USD Billion)
        • 7.3.1.1 North America Soy Lecithin Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 North America Soy Lecithin Market, by Application, 2022 - 2028
      • 7.4.1 North America Soy Lecithin Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 North America Soy Lecithin Market, by Form, 2022 - 2028
      • 7.5.1 North America Soy Lecithin Market, by Form, 2022 - 2028 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Soy Lecithin Market, 2022 - 2028 (USD Billion)
        • 7.4.2.1 Europe Soy Lecithin Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Europe Soy Lecithin Market, by Application, 2022 - 2028
      • 7.4.1 Europe Soy Lecithin Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 Europe Soy Lecithin Market, by Form, 2022 - 2028
      • 7.5.1 Europe Soy Lecithin Market, by Form, 2022 - 2028 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Soy Lecithin Market, 2022 - 2028 (USD Billion)
        • 7.5.3.1 Asia Pacific Soy Lecithin Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Asia Pacific Soy Lecithin Market, by Application, 2022 - 2028
      • 7.4.1 Asia Pacific Soy Lecithin Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 Asia Pacific Soy Lecithin Market, by Form, 2022 - 2028
      • 7.5.1 Asia Pacific Soy Lecithin Market, by Form, 2022 - 2028 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Soy Lecithin Market, 2022 - 2028 (USD Billion)
        • 7.6.4.1 Latin America Soy Lecithin Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Latin America Soy Lecithin Market, by Application, 2022 - 2028
      • 7.4.1 Latin America Soy Lecithin Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 Latin America Soy Lecithin Market, by Form, 2022 - 2028
      • 7.5.1 Latin America Soy Lecithin Market, by Form, 2022 - 2028 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Soy Lecithin Market, 2022 - 2028 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Soy Lecithin Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 The Middle-East and Africa Soy Lecithin Market, by Application, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Soy Lecithin Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 The Middle-East and Africa Soy Lecithin Market, by Form, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Soy Lecithin Market, by Form, 2022 - 2028 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Cargill
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Lipoid GmbH
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Sternchemie Gmbh & Co.KG
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Sodrugestvo
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Archer Daniels Midland (ADM)
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Wilmar International
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Bunge Limited
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Thew Arnott & Co. Ltd.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 LEKITHOS
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 DowDuPont
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 SOYA International
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 International Flavors & Fragrances (IFF).
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Soy Lecithin Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Soy Lecithin Market attractiveness, By Application
  • 6. Global Soy Lecithin Market attractiveness, By Form
  • 7. Global Soy Lecithin Market share by Application, 2022 and 2028 (USD Billion)
  • 8. Global Soy Lecithin Market by Nutritional Supplements, 2022 - 2028 (USD Billion)
  • 9. Global Soy Lecithin Market by Food & Beverages, 2022 - 2028 (USD Billion)
  • 10. Global Soy Lecithin Market by Animal Feed, 2022 - 2028 (USD Billion)
  • 11. Global Soy Lecithin Market by Others, 2022 - 2028 (USD Billion)
  • 12. Global Soy Lecithin Market share by Form, 2022 and 2028 (USD Billion)
  • 13. Global Soy Lecithin Market by Solid, 2022 - 2028 (USD Billion)
  • 14. Global Soy Lecithin Market by Liquid, 2022 - 2028 (USD Billion)
  • 15. Global Soy Lecithin Market share, by Region, 2022 and 2028
  • 16. North America Soy Lecithin Market, 2022 - 2028 (USD Billion)
  • 17. Europe Soy Lecithin Market, 2022 - 2028 (USD Billion)
  • 18. Asia Pacific Soy Lecithin Market, 2022 - 2028 (USD Billion)
  • 19. Latin America Soy Lecithin Market, 2022 - 2028 (USD Billion)
  • 20. The Middle-East and Africa Soy Lecithin Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Soy Lecithin Market: Snapshot
  • 2. Drivers of the Soy Lecithin Market: impact analysis
  • 3. North America Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 4. North America Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 5. U.S. Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 6. U.S. Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 7. Canada Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 8. Canada Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 9. Europe Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 10. Europe Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 11. Germany Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 12. Germany Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 13. France Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 14. France Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 15. U.K. Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 16. U.K. Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 17. Italy Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 18. Italy Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 19. Spain Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 20. Spain Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 21. Rest of Europe Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 22. Rest of Europe Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 24. Asia Pacific Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 25. China Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 26. China Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 27. Japan Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 28. Japan Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 29. India Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 30. India Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 31. South Korea Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 32. South Korea Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 33. South-East Asia Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 34. South-East Asia Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 35. Rest of Asia Pacific Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 36. Rest of Asia Pacific Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 37. Latin America Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 38. Latin America Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 39. Brazil Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 40. Brazil Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 41. Mexico Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 42. Mexico Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 43. Rest of Latin America Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 44. Rest of Latin America Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 45. The Middle-East and Africa Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 46. The Middle-East and Africa Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 47. GCC Countries Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 48. GCC Countries Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 49. South Africa Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 50. South Africa Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)
  • 51. Rest of Middle-East Africa Soy Lecithin Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 52. Rest of Middle-East Africa Soy Lecithin Market revenue, By Form, 2022 - 2028 (USD Billion)

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FrequentlyAsked Questions

The global soy lecithin market is projected to benefit from the growing application of the products across the food and beverage industry. Since soy lecithin acts as a great emulsifier, many F & B manufacturers prefer to use the product while manufacturing food items

According to Zion Market Research, the global soy lecithin market size was worth around USD 2.1 billion in 2021 and is predicted to grow to around USD 3.45 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.56% between 2022 and 2028

The global soy lecithin market is expected to be dominated by North America during the projection period driven by the rising application of the product in the F & B sector especially the processed food segments like confectionery and baked items. As per official reports, the baked good items market in the USA is expected to reach around USD 165.5 billion by 2025 which is an indication of the rising intake of such goods where soy lecithin forms an integral part of the production process

The global soy lecithin market is the house to players like Cargill, Lipoid GmbH, Sternchemie Gmbh & Co.KG, Sodrugestvo, Archer Daniels Midland (ADM), Wilmar International, Bunge Limited, Thew Arnott & Co. Ltd., LEKITHOS, DowDuPont, SOYA International, and International Flavors & Fragrances (IFF).

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