Market Research Report
Soy Lecithin Market: By Type (De-Oiled, Fractionated Modified, Standardized, Others); By Modification (GM, Non-GM); By End-Use (Food & Beverages, Animal Feed Industry, Pharmaceutical, Plastic, Paint Industry, Others); By Geography - 2019-2024
|Published by||IndustryARC||Product code||422509|
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|Soy Lecithin Market: By Type (De-Oiled, Fractionated Modified, Standardized, Others); By Modification (GM, Non-GM); By End-Use (Food & Beverages, Animal Feed Industry, Pharmaceutical, Plastic, Paint Industry, Others); By Geography - 2019-2024|
|Published: December 10, 2018||Content info:||
Soy Lecithin is the brownish yellow complex mixture of glycolipids, phospholipids, neutral lipids and sugars. The use of Soy to produce the lecithin is the highest as compare to the other sources of lecithin. The wide functional, nutritional and therapeutic properties of soy lecithin are used in variety of application. Soy Lecithin is mostly used as emulsifier in various industrial applications such as food, feed, paints, cosmetics, plastics, pharmaceutical and others. The wide and constantly increasing product category for Lecithin applications is a healthy sign for the budding demand of soy lecithin market.
Geographically Asia-Pacific dominated soy lecithin market in terms of production and consumption driven by higher demand into major end-use industries in the region. Asia-Pacific was followed by North America and Europe as second and third largest market for soy lecithin market. Asia Pacific is projected to have fastest growth, owing to increasing demand into rapidly expanding end-use industrial base demanding higher consumption of soy lecithin especially into food & beverages industries.
This report identifies the global soy lecithin market size in for the year 2016-2018, and forecast of the same for year 2023. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global soy lecithin market.
What is Soy Lecithin?
Lecithin is term used to denote a variety of naturally occurring fatty compounds found in animal and plant tissues composed of choline, fatty acids, glycerol, glycolipids, phospholipids, phosphoric acid and triglycerides lecithin was originally isolated from egg yolk. It is regularly extracted from cottonseed, marine sources, milk, rapeseed, soybeans, and sunflower. It is usually used as a liquid but also can be purchased as granules. Soy lecithin (also marked as E322) is extracted from soybeans either mechanically or chemically using hexane. Soy lecithin consists of three types of phospholipids; phosphatidylcholine (PC), phosphatidylethanolamine (PE) and phosphotidylinositol (PI).
It's actually a byproduct of the soybean oil production. By and large, the vast majority of lecithin use centers around its unique ability of being an excellent emulsifier.
Natural soy derived emulsifier in food processing are increasingly being sold as soybeans are one of the cheapest crops in the US (thanks in part to federal subsidies to growers to us), Most people with soy allergies can also use products containing soy lecithin, because it is derived from the soybean oil, whereas the allergy itself relates to the soy protein.
What are the major applications for Soy Lecithin?
Soy lecithin is popular because of its emulsifier properties mainly; it improves solidity in margarine and gives consistent texture to dressings and other creamy products.
It acts as a multifunctional, flexible and versatile tool, to counteract spattering during frying; lecithin is used in chocolates and coatings.Lecithin is applied in pharmaceutical and cosmetic applications due to its unique lipid molecular structure.It finds applications in various industrial uses such as paints, textiles, lubricants and waxes to improve physical/chemical properties of the products.
Lecithin is a rich source of choline, which is essential to every living cell in the body and is one of the main components of cell membranes. Dietary choline important for the synthesis of the phospholipids in cell membranes, it is also essential for methyl metabolism, cholinergic neurotransmission, trans-membrane signaling, and lipid-cholesterol transport and metabolism. In no availability of choline, the cell membranes would harden, prohibiting important nutrients from entering and leaving the cell. Thus it is used as nutritional ingredient in food and also in medicines and drugs.
Market Research and Market Trends of Soy Lecithin Ecosystem
Lecithin is implied in a wide range of food and industrial applications. The French scientist, Maurice Gobley, discovered them in 1850, and named it "lekithos," the Greek term for egg yolk. At the time, eggs provided a primary source of commercially-produced lecithin. Today, the majority of lecithin used in food applications is derived from soybeans.
Byproducts of the soybean, such as soybean oil, lecithin, and milk are very popular in consumers due to their nutritious value and comparative prices to milk products. The discovery of specific health benefits continues, making soy a welcome sight on ingredient labels. Soy has a potential marketing advantage; moreover the abundant supply of soybeans guarantees that ingredients such as lecithin are readily available and at cost effective solution.
Lecithin is used for treating memory disorders such as dementia and Alzheimer's disease. It is also used for treating gallbladder disease, liver disease, and certain types of depression, high cholesterol, anxiety disorders, and skin diseases such as eczema.
The soy lecithin's competition in market is other sources of lecithin such as egg yolk, cottonseed, marine sources, milk, rapeseed, soybeans, sunflower, etc. They offer an alternate product for the same purpose as soy lecithin but face challenge due to conditions like habitat creation, seasonal growth, etc. Soya is available in abundance in US markets.
Scientists have found that lecithin and choline contribute in memory and cognitive function, cardiovascular health, liver function, reproduction and fetal development and physical and athletic performance. Thus, there is an extensive research in this part of application initiated and funded by the manufacturers as any medicine without side effects gains popularity and appreciation. They are already being used as ingredient in providing health diets and supplements.
Who are the Major Players in Soy Lecithin market?
The companies profiled in the report include E. I. DU PONT DE NEMOURS AND COMPANY, Archer Daniels Midland Company, Cargill, Lipoid GmbH, American Lecithin Company, LASENOR EMUL, Lecico Gmbh, Ruchi Soya Industries Ltd, Ceresking Ecology & Technology Co. Ltd., Bunge Limited
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The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2024.All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Key Takeaways from this Report
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