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 Market Taxonomy:
On the basis of grade, the soy lecithin market is classified into:
• Food grade
• Feed grade
• Pharmaceutical grade
• Industry grade
• Others
On the basis of function, the soy lecithin market is classified into:
• Emulsifier
• Nutritional supplements
• Dispersants
• Wetting agents
• Viscosity modifier
• Release aid
• Surfactants
• Others
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.
• 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.    
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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.
• 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.
Major players operating in the global 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.
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