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Download Free sampleThe global Soy Lecithin market was valued at 1023.47 Million USD in 2021 and will grow with a CAGR of 4.21% from 2021 to 2027.
The prime objective of Soy Lecithin Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Soy Lecithin Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Soy lecithin is a by-product of soybean processing, produced by further manufacturing of crude soy oil. Lecithin is the gummy material contained in crude vegetable oils and removed by a degumming processing. Soybeans are by far the most important source of commercial lecithin, and lecithin is the most important by-product of the soy oil processing industry because of its many applications in foods and industrial products. Soy lecithin is an excellent source of phospholipids, or phosphatides, for aqua feeds.The industry`s leading producers are Cargill, ADM and Danisco, which together account for about 27% of revenues. By region, the Asia-Pacific region had the highest share of income in 2019, reaching 41.28 percent.
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