SOY LECITHIN MARKET ANALYSIS

Regional Analysis

• 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