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Soy lecithin is an insulator, which reduces heat flow between high and low temperature materials. Soy lecithin is generally used in buildings as window insulating film, in mechanical systems, spacecraft, and automotive. Air being a poor thermal conductor, soy lecithin is used as an alternative to it in many thermal insulation applications. Soy lecithin traps gases and forms a layer of coating against heat. Also, soy lecithin reduces noise and vibrations.

Soy lecithin is used as a wetting, stabilizing, and dispersing agent due to which it is widely used in the pharmaceutical industry. It is rich in fat and protein owing to which it finds application as animal feed. It is also used in paint industry as an antioxidant and wetting, suspending, emulsifying & stabilizing agent.

Soy lecithin Market Taxonomy

On the basis of grade, the soy lecithin market is classified into:

  • Food grade
  • Feed grade
  • Pharmaceutical grade
  • Industry grade
  • Others

On the basis of function, the soy lecithin market is classified into:

  • Emulsifier
  • Nutritional supplements
  • Dispersants
  • Wetting agents
  • Viscosity modifier
  • Release aid
  • Surfactants
  • Others

On the basis of application, the soy lecithin market is classified into:

  • Food & Beverages
  • Industrial
    • Automotive & Aerospace
    • Construction
    • Paints
    • Others
  • Pharmaceuticals

Soy lecithin is largely used in food, industrial as well as pharmaceutical industries due to the rich protein content and protective cover formation property.

Soy Lecithin Market Outlook 

  • Asia Pacific is estimated to be the largest and fastest growing market in the forecast period owing to the high demand for the product and abundance of raw materials. India and China contribute significantly to the market growth in the region. The forecasted growth is backed by the immense demand for the product from food, construction, and paint industries
  • North America is the second largest market of soy lecithin. The market growth is primarily supported by the rising demand for protein-rich as well as processed food. Busy life schedules of modern society has augmented the demand for packaged nutritional supplements, which in turn boosts the demand for soy lecithin
  • Europe is an emerging market in the global soy lecithin market. The rising use of cheap source of high-quality protein in food and supplements increases the demand for soy lecithin
  • The Latin America and Africa soy lecithin markets are witnessing sluggish growth rate, however, the growing economy of these regions creates a better platform for soy lecithin market in the upcoming years         

Soy lecithin being of lower price and easily available is preferred over other protein enriched food items.

Soy Lecithin Market Challenges

Excess consumption of soy lecithin leads to many health issues. Strict government regulations pertaining to genetically modified soybeans hinder the soy lecithin market growth to an extent.

Key Developments

  • In January 2019, Avril Group acquired LECICO GmbH (manufacture of soy, sunflower, & rapeseed lecithin, phospholipids, and nutraceutical products). The acquisition will help Avril Group to expand its product portfolio and increase its market share in lecithin market.
  • In September 2019, Praan Naturals launched its new Organic Soy Lecithin Liquid and Powder for personal care industry. The new product launch helped Praan Naturals to expand its product portfolio. The new product will find application in skin care, lip care, hair care, nail care and cosmetic products.
  • In February 2019, Lasenor Emul, S.L. (manufacturer of emulsifiers) and Simmons Grain Co. (organic soybean processor based in Ohio, U.S.) entered into a joint venture to form LASENOR USA LLC. The new company will manufacture organic soya lecithin products for food and feed applications.
  • In September 2019, AAK (Sweden based manufacturer of vegetable oils & fats) acquired U.K. based Soya International (manufacturer of soy, sunflower & rapeseed lecithin). The acquisition will help AAK to strengthen its position in lecithin market.

Some of the key market players identified in the value chain of global soy lecithin market are Archer Daniels Midland Company, Cargill, Lipoid GmbH, American Lecithin Company, Lasenor emul, Lecico Gmbh, Ruchi Soya Industries Ltd., Ceresking Ecology & Technology Co. Ltd., and Bunge Limited.

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users