Press release
Soy Lecithin Market to Witness Robust Expansion by 2023
Lecithin is one of those mysterious, but common, ingredients found on the label of many packaged foods. It's an essential emulsifier that helps blend ingredients that don't naturally mix. Due to the lack of adequate organic sources of soy lecithin, the USDA allowed the use of non-organic sources when it drafted the national organic standards in 2002.
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Global Soy Lecithin Market: Forecast by Type / Application / Region
A special medium for both dietary and cosmetic purposes, organic soy lecithin acts as an emulsifier and thickening agent for body care products and improves a products’ shelf life by acting as a mild preservative. At present, organic soy lecithin's main application areas are infant formula, chocolate, ice cream, beverages, bread, dietary supplements and so on. In these areas, organic soy lecithin achieved remarkable growth. In 2016, infant formula, cakes accounted for 23.73% and 17.4% market share.
Consumer demand for organic has grown by double-digits nearly every year since the 1990s.Most impressively, organic sales have increased from $3.6 billion in 1997 to $43.3 billion in 2015. The outlook remains strong for organic products in the marketplace. To-date, the industry has shown continuous and steady growth with a 10.8 percent growth rate in 2015, well above that of the overall food market at 3.3 percent. Organic soy lecithin is an emerging industry. The industry is far from mature. In the future, this industry will become more intense. We think there will be more new companies in the future to enter the industry. Nevertheless, we maintain a positive attitude towards this industry.
Over the next five years, LPI(LP Information) projects that Organic Soy Lecithin will register a 6.5% CAGR in terms of revenue, reach US$ 58 million by 2023, from US$ 40 million in 2017.
Global Soy Lecithin Market: Key Players
Clarkson Soy Products
Lecico
Lipoid
Fismer
Organic Factory
Lasenor
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Related Information:
United States Soy Lecithin Market Research Report 2018
Europe Soy Lecithin Market Research Report 2018
North America Soy Lecithin Market Research Report 2018
Asia-Pacific Soy Lecithin Market Research Report 2018
China Soy Lecithin Market Research Report 2018
EMEA Soy Lecithin Market Research Report 2018
Global Soy Lecithin Market Research Report 2018
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