Press release
Soy Lecithin Market Size, Share, Growth, Sales and Drivers Analysis Research Report 2028
Lecithin is a necessary fat in the body. It is extracted from soy oil, and is used in processed food, pharmaceuticals and protective coatings. It acts as a natural emulsifier in the lubricant, paint and textile industry. Besides, it is used as coatings in chocolates, and various drugs. Therefore, its application in varied industries is expected to spur its demand in upcoming years.
COVID-19 Impact
Supply Chain Disruptions during COVID-19 Hamper Market Progress
The COVID-19 pandemic crippled the global economy, and this market also suffered a dip in its revenues. This is because government agencies worldwide declared a lockdown. It severely impacted the logistics, supply of raw materials, and unavailability of labor. Based on our analysis, the market is expected to exhibit a lower growth of 1.20% in 2021 than the average year-on-year growth during 2021-2028. However, the market is expected to revive as many countries are reopening.
Get a Sample Report
https://www.fortunebusinessinsights.com/enquiry/sample/soy-lecithin-market-106316
Segmentation:
Liquid Segment to Hold the Major Market Share
By form, the market is bifurcated into liquid and solid. By application, the market is segmented into food and beverage, nutritional supplements, animal feed, and others. Based on form, the liquid segment held the largest market share in 2020 as liquid form products are easily blended into several processed food products, thus removing blending barriers commonly found in both granules and powder. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Report Coverage
The market report provides a thorough analysis of various factors such as the drivers and restraints that will impact the market growth. In addition, the report provides country insights that cover different regions of the country, contributing to the growth of the market. It includes the competitive landscape, recent industry developments that involve strategies, new launches, and several other insights of leading players that will contribute to the market growth.
Drivers & Restraints:
Tremendous Application in Food and Beverage Industry to Spur Product Sales
Soy is a food ingredient that primarily functions as an emulsifier in the food, paint cosmetics and pharmaceuticals industry. Therefore, the wide and varied industry in which it is used is expected to generate traction in upcoming years and promote the soy lecithin market growth.
Additionally, the continuous changing food habits and high disposable income is driving the growth of the nutritious packaged and processed food industry which is furthermore projected to benefit the market as soy is rich in protein. For instance, in 2021, India-based company Kiri Nutrients made major investments in soybean lecithin extraction processes to produce soy-based protein and soybean lecithin at its Dewas plant.
However, the growing concerns related to using GMO soybean in production process may hinder market growth.
Regional Insights:
Europe to Remain at Forefront Backed by Well Established Infrastructure
North America is expected to remain at the forefront and hold the highest position market during the forecast period owing to the increasing use of soybean in processed food, especially bakery and confectionery. Moreover, the rapid evolution across the food and beverage industry in the region is accelerating the product's demand. For instance, according to a report by the Food and Agriculture Organization Corporate Statistical Database (FAOSTAT) data, the area under soybean cultivation in the U.S. has increased from 116 million hectares in 2016 to 120 million hectares in 2018. The region's market stood at USD 176.11 million in 2020.
Europe is expected to showcase a steady soy lecithin market share in upcoming years owing to the rising demand for plant-based protein-rich. Moreover, extensive research on Non-GMO soybean lecithin is anticipated to support the market.
Inquire Before Buying Report
https://www.fortunebusinessinsights.com/enquiry/queries/soy-lecithin-market-106316
Competitive Landscape
Key Players to Focus on New Launches to Strengthen Market Growth
The market is consolidated by major companies striving to maintain their position by focusing on new launches and acquisitions. For instance, in October 2018, Lasenor launched VEROLEC ORGANIC. It is an organic soya lecithin developed with help of the USDA (United States Department of Agriculture) Organic Certification. Such new launches will significantly enhance their portfolio of innovative products in the dentistry segment, and such proactive strategies are expected to drive the market in the coming years.
Key Industry Development
January 2019: Avril acquired Lecico, a German company specializing in the production and distribution of soya lecithins.
List of Key Players Profiled in Report
Archer Daniels Midland Company (Illinois, U.S.)
Cargill, Incorporated (Minnesota, U.S.)
American Lecithin Company (Connecticut, U.S.)
Bunge Limited (Missouri, U.S.)
Denofa (Fredrikstad, Norway)
Lasenor (Barcelona, Spain)
Lipoid GmbH (Ludwigshafen, Germany)
DuPont de Nemours, Inc. (Delaware, U.S.)
Ruchi Soya Industries (Mumbai, India)
Ceresking Ecology & Technology Co. Ltd. (Tianjin, China)
Get a Customized Report
https://www.fortunebusinessinsights.com/enquiry/customization/soy-lecithin-market-106316
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn Facebook Twitter
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soy Lecithin Market Size, Share, Growth, Sales and Drivers Analysis Research Report 2028 here
News-ID: 2598124 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for Soy
Soy Food Products Market Players Gaining Attractive Investments| Northern Soy, N …
Advance Market Analytics published a new research publication on "Soy Food Products Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Soy Food Products market was mainly driven by the increasing R&D spending across the world. Some of the key…
Soy Protein Ingredients Market by Type (Soy Protein Concentrates, Soy Protein Is …
The global soy protein ingredients market is estimated to be valued at USD 7.7 billion in 2022. It is projected to reach USD 10.8 billion by 2027, recording a CAGR of 7.0% during the forecast period.
Soy protein ingredients are produced by processing soymeal to obtain ingredients with higher protein concentrations, which can be used as a protein source in a range of food and animal feed applications. The demand…
Soy Food Products Market to See Huge Growth by 2027 |ADM,Cargill,DuPont,Northern …
Worldwide Market Reports is one of the leading organizations, specializing in conducting high-end research by understanding the market strategies, key players, major trends, and several other aspects of the industry. The recently developed report on "Global Soy Food Products Market Outlook 2020-2027" focuses on business developments, collaborative strategies, and answers all questions related to the key affiliations.
Market Overview -
The Soy Food Products market report provides a detailed analysis of global…
Global Soy Sauce Market 2018 - Bluegrass Soy Sauce, Okonomi, Maggi
Accord Market, recently published a detailed market research study focused on the “Soy Sauce Market” across the global, regional and country level. The report provides 360° analysis of “Soy Sauce Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Soy Sauce on the…
2017-2022 Soy Milk Report on Global and United States Market - Silk, West Soy
This report studies the Soy Milk market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Soy Milk market by product type and applications/end industries.
The global Soy Milk market is valued at XX million USD in 2016 and is expected to reach XX million USD by…
Soy & Milk Protein Ingredients Market Driven by Numerous Health Benefits of Soy …
Global Soy and Milk Protein Ingredients Market: Brief Account
The worldwide soy and milk protein ingredients market is envisaged to invite radical growth prospects on the back of the snowballing awareness about several health benefits. Apart from an estimated 38.0% protein content, soy contains all the nine essential amino acids in just the right proportion that is ideal for human health. Vendors could look to extend their presence in the…
