Because of its superior abilities as an emulsifying agent, a wetting agent, a lubricant, and a releasing agent, soy lecithin has a wide range of applications in cosmetics, pharmaceuticals, textiles, construction, and other industries. Due to its exceptional emulsifying qualities, soy lecithin is increasingly in demand in the food and beverage industry for packaged meals, bakery goods, meat, confectioneries, and other products. This is expected to create significant potential prospects for the soy lecithin market throughout the forecast period. But it is projected that demand for soy lecithin would increase due to booming demand from important businesses and a rebound in the market. This would result in quick market expansion and help the Soy Lecithin Market develop throughout the course of the forecast period. Due to its versatility as a wetting, stabilising, and dispersing agent, soy lecithin finds extensive usage in the pharmaceutical sector. It is used as animal feed because of its high protein and fat content. It also functions as an antioxidant, wetting, suspending, emulsifying, and stabilising ingredient in the paint industry.
Coherent Market Insights projects that the market for Soy Lecithin was estimated to be worth USD 542.36 billion in 2021, and it is anticipated to grow at a CAGR of more than 7.6% between 2022 and 2028 to reach USD 905.67 billion.
Leading Companies in the Soy Lecithin Industry:
1. Archer Daniels Midland Company
The company was founded in 1902 and has its main office in Illinois, United States. The business purchases, transports, stores, and merchandizes agricultural goods. In addition, Archer-Daniels-Midland processes and produces goods that are generally used as ingredients for food or animal feed. In august 2022, LG Chem and ADM announced the launch of joint ventures and the intended location for the production of lactic acid and polylactic acid in the United States. Strengthening its plant-based protein capabilities, ADM completed the acquisition of sojaprotein in nov 2021.
2. Cargill
The company was established in 1865 and is based in Minnesota, U.S. In addition to producing grains and oilseeds, the company also offers risk management strategies, farmer services, animal nutrition, biofuels, meat and poultry, cuisine, and industrial goods. Cargill announced in January 2023 that it had successfully acquired Owensboro Grain Company. Cargill announced the purchase of Owensboro Grain Company in November 2022.
3. Lipoid GmbH
The company was started in 1977 and is located in Germany. Lecithins and phospholipids are principally supplied by Lipoid GmbH to the pharmaceutical sector. The business also sells goods to the cosmetics and food industries. Technical assistance, material safety data sheets (MSDS), and training courses in the use and handling of Lipoid's products are all available.
4. Lasenor emul
The firm was founded in 2004 and is based in Barcelona. Food that is packaged is offered by Lasenor Emul SL. The business sells goods in the following categories: bakery, candy, meat, cereals, dairy, pasta, cookies, and baby supplies. The production and use of food emulsifiers are the focus of the innovative and international brand Lasenor.
5. Ruchi Soya Industries Ltd.
The business was founded in 1986 and is located in Madhya Pradesh. Indian company Patanjali Foods Ltd, originally Ruchi Soya Industries Ltd, produces packaged foods for consumers. For 60 crore, Ruchi Soya purchased the biscuits and noodles division of Patanjali in June 2021. For about 690 crore, it purchased Patanjali Ayurved's food division in May 2022. In June 2022, the business adopted the Patanjali Foods moniker.
6. American Lecithin Company
The business was founded in 1928 and is based in Oxford, Connecticut, United States. The American Lecithin Company (ALC), a leader in lecithin fractionation technology and a pioneer in the commercial development of lecithin, provides products and services to a wide range of markets, including food processing, pharmaceuticals, cosmetics, and dietary supplements.
7. Bunge Limited
The firm was founded in 1818 and is based in Missouri, United States. The business purchases, sells, stores, moves, and processes grains and oilseeds to create protein meal for animal feed and edible oil products for business clients. Bunge stated in April 2020 that Zen-Noh Corporation would purchase 35 interior grain elevators in the United States. The deal was completed, subject to regulatory approval, in December 2021. Bunge's switch to food science was covered by Bloomberg Businessweek in 2023.
*Definition: As an insulator, soy lecithin slows the transfer of heat between materials with high and low temperatures. Typically, soy lecithin is employed in mechanical systems, automobile, spacecraft, and building window insulation films.
