SOY LECITHIN MARKET ANALYSIS

Leading Companies

• 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.