About Organic Soy Lecithin
Lecithin is a food additive which comes from several sources such as soy. It is commonly used as an emulsifier, or lubricant, when added to food, and also has uses as an antioxidant and flavor protector. Moreover, soy lecithin is found in dietary supplements, such as ice cream and dairy products, infant formulas, breads, margarine, and other convenience foods. In other words, the consumers probably already are consuming soy lecithin, whether they realise it or not.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Organic Soy Lecithin market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Clarkson Soy Products (United States), Lecico (United States), Lipoid (United States), Fismer (Germany), Organic Factory (Italy), Lasenor (Spain), Du Pont De Nemours and Company (United States), Archer Daniels Midland Company (United States), Cargill (United States) and American Lecithin Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Organic Soy Lecithin market by Type (Fluid Organic Lecithin and De-Oiled Organic Lecithin Powder), Application (Infant Formula, Baking Pan Release, Cakes, Pet Food and Others) and Region.
On the basis of geography, the market of Organic Soy Lecithin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry vertical , the sub-segment i.e. Food & Beverages will boost the Organic Soy Lecithin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Soy lecithin type, the sub-segment i.e. Food Grade will boost the Organic Soy Lecithin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclination of Consumers Towards the Organic Ingredients
Market Growth Drivers:
Wide Applications of Organic Soy Lecithin in Food and Beverage and Increasing Demand from Skin and Personal Care Products
Challenges:
Lack of Awareness may Hamper the Market
Restraints:
Availability of Alternative Products
Opportunities:
Strict Regulation Imposed on Usage of Non-Organic Ingredients
Market Leaders and their expansionary development strategies
In September 2019, To expand its ingredient portfolio with a product range critical to many of its customers, AAK has acquired 80 percent of Soya International (Europe) Ltd. The UK-based company focuses on the sourcing, processing and distribution of non-GMO semi-speciality and speciality lecithins. Lecithin is a natural emulsifier and a by-product from the processing of vegetable oils.
In November 2022, Novastell has launched a range of lecithin granules for use in food and beverage applications. Both derived from vegetal sources, Soycithin G97 IP is a traditional soy lecithin that is a non-GMO and fully traceable, while Suncithin G96 is made from sunflower lecithin; also non-GMO and allergen-free.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.