Soy lecithin is an insulator, which reduces heat flow between high and low temperature materials. Soy lecithin is generally used in buildings as window insulating film, in mechanical systems, spacecraft, and automotive. Air being a poor thermal conductor, soy lecithin is used as an alternative to it in many thermal insulation applications. Soy lecithin traps gases and forms a layer of coating against heat. Also, soy lecithin reduces noise and vibrations.

Soy lecithin is used as a wetting, stabilizing, and dispersing agent due to which it is widely used in the pharmaceutical industry. It is rich in fat and protein owing to which it finds application as animal feed. It is also used in paint industry as an antioxidant and wetting, suspending, emulsifying & stabilizing agent.

Top Key Players in Soy Lecithin  market: 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.

Regional Analysis:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Soy Lecithin market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

Soy Lecithin Market Outlook 

• 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

Key Developments

• 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.

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