Organic Soy Lecithin Market By Type (Refined, Unrefined) , By Form (Liquid, Powder, Granular) By Application (Food and Beverages, Animal Feed, Pharmaceuticals, Personal Care, Industrial Applications, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
The global organic soy lecithin market was valued at $51.8 million in 2023, and is projected to reach $97.5 million by 2033, growing at a CAGR of 6.8% from 2024 to 2033.
Organic soy lecithin is a natural emulsifier extracted from organic soybeans that is commonly used in food products, dietary supplements, and cosmetics due to its ability to stabilize mixtures of oil & water, improve texture, and extend shelf life. It is not only serves as a clean label option for consumers seeking organic and natural alternatives in their diet and lifestyle but also acts as an antioxidant and flavor protector. As it is cultivated without the use of synthetic pesticides or fertilizers, this organic variant promotes sustainability and minimizes environmental impact.
The growth of the global organic soy lecithin is majorly driven by rise in awareness about multiple health benefits associated with organic soy lecithin, for instance, it improves brain health, supports liver function, and helps in cholesterol management. A clinical research by the National Center for Biotechnology Information (NCBI), a part of the United States National Library of Medicine, suggest that a diet rich in choline can sharpen the memory and help people with Alzheimer’s and other neurological diseases. Thus, the demand for soy lecithin is increasing, as it contains choline, which is a chemical the brain uses to communicate. Moreover, surge in consumer demand for organic and non-GMO products notably contributes toward the growth of the market. For instance, the retail sales of organic products in Europe reached a total value of $58.3 billion in 2022, among which $49.4 billion belonged to the European Union (EU). Germany emerged as the largest market, with the sales of $16.8 billion. Globally, the EU held the position of the second largest single market for organic products after the U.S., which reported sales of $65.4 billion.
However, rise in prevalence of soy-related sensitivities due high allergenic potential of soy acts as a key deterrent factor of the organic soy lecithin market.
On the contrary, rise in sustainable and environmentally friendly practices is expected to drive the growth of the market. A 2023 research reveals that Gen Z is more focused on the environment as compared to any other generation and believe that GMOs can have a negative impact on the environment, humans, and animals. Thus, the Non-GMO Project, a non-profit organization that protects and maintains the genetic integrity of crops and natural organisms that have not been genetically modified, has dubbed Gen Z as the greenest shoppers yet. Furthermore, soy lecithin is expected to witness high demand for various pharmaceutical formulations, including drug delivery systems, liposomal formulations, and nutritional supplements due to its natural emulsifying and stabilizing properties, which will likely open new avenues for the market expansion during the forecast period.
The global organic soy lecithin market is segmented into type, form, application, and region. On the basis of type, the market is bifurcated into refined and unrefined. As per form, it is divided into liquid, powder, and granular. Depending on application, it is segregated into food and beverages, animal feed, pharmaceuticals, personal care, industrial applications, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsDepending on type, the refined segment garnered the highest market share in 2023.
By form, the liquid segment held was the major shareholder in 2023.
On the basis of application, the food & beverages segment dominated the market in 2023, in terms of share.
Competition AnalysisThe competitive analysis and profiles of the major players in the global organic soy lecithin market include Cargill Incorporated, Archer Daniels Midland Company, NOW Foods, Lipoid GmbH, Lecico GmbH, Bunge Limited., Thew, Arnott & Co Ltd, GIIAVA Pvt Ltd., American Lecithin Company, LLC, and Clarkson Grain Company Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition in the market.
Key Market SegmentsBy TypeRefined
Unrefined
By FormLiquid
Powder
Granular
By ApplicationFood and Beverages
Animal Feed
Pharmaceuticals
Personal Care
Industrial Applications
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market Players
Cargill Incorporated
Archer Daniels Midland Company
NOW Foods
Lipoid GmbH
Lecico GmbH
Bunge Limited.
Thew
Arnott & Co Ltd
GIIAVA Pvt Ltd
American Lecithin Company, LLC
Clarkson Grain Company Inc.