By Product Form (Liquid, Powdered, Granulated, De-oiled), By Processing Type (Conventional, Non-GMO, Organic), By Functionality (Emulsifier, Dispersant, Wetting Agent, Release Agent), By End-Use Industry (Food & Beverage, Feed, Pharmaceuticals, Nutraceuticals, Cosmetics, Industrial), By Distribution Channel (Direct Sales, Distributors, Online), By Region & Segment Forecasts, 2026–2031

Report Code: RI2361PUB
Last Updated : February, 2026
Author : Abigail Foster

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Soy Lecithin Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Soy Lecithin Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Soy Lecithin Market, By Product Form
    1. Introduction
      1. Market Size and Forecast, By Product Form
    2. Liquid Soy Lecithin
      1. Market Size and Forecast, By Region
    3. Powdered Soy Lecithin
      1. Market Size and Forecast, By Region
    4. Granulated Soy Lecithin
      1. Market Size and Forecast, By Region
    5. De-oiled Soy Lecithin
      1. Market Size and Forecast, By Region
  10. Soy Lecithin Market, By Processing Type
    1. Introduction
      1. Market Size and Forecast, By Processing Type
    2. Conventional Soy Lecithin
      1. Market Size and Forecast, By Region
    3. Non-GMO Soy Lecithin
      1. Market Size and Forecast, By Region
    4. Organic Soy Lecithin
      1. Market Size and Forecast, By Region
  11. Soy Lecithin Market, By Functionality
    1. Introduction
      1. Market Size and Forecast, By Functionality
    2. Emulsifier
      1. Market Size and Forecast, By Region
    3. Dispersing Agent
      1. Market Size and Forecast, By Region
    4. Wetting Agent
      1. Market Size and Forecast, By Region
    5. Release Agent
      1. Market Size and Forecast, By Region
    6. Anti-Spattering Agent
      1. Market Size and Forecast, By Region
  12. Soy Lecithin Market, By End-Use Industry
    1. Introduction
      1. Market Size and Forecast, By End-Use Industry
    2. Food & Beverage
      1. Market Size and Forecast, By Region
    3. Animal Feed
      1. Market Size and Forecast, By Region
    4. Pharmaceuticals
      1. Market Size and Forecast, By Region
    5. Dietary Supplements & Nutraceuticals
      1. Market Size and Forecast, By Region
    6. Cosmetics & Personal Care
      1. Market Size and Forecast, By Region
    7. Industrial Applications
      1. Market Size and Forecast, By Region
  13. Soy Lecithin Market, By Distribution Channel
    1. Introduction
      1. Market Size and Forecast, By Distribution Channel
    2. Direct Sales (B2B / Contract Supply)
      1. Market Size and Forecast, By Region
    3. Distributors & Ingredient Traders
      1. Market Size and Forecast, By Region
    4. Online & E-Procurement Platforms
      1. Market Size and Forecast, By Region
  14. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. By Product Form
          1. Liquid Soy Lecithin
            1. Powdered Soy Lecithin
              1. Granulated Soy Lecithin
                1. De-oiled Soy Lecithin
                2. By Processing Type
                  1. Conventional Soy Lecithin
                    1. Non-GMO Soy Lecithin
                      1. Organic Soy Lecithin
                      2. By Functionality
                        1. Emulsifier
                          1. Dispersing Agent
                            1. Wetting Agent
                              1. Release Agent
                                1. Anti-Spattering Agent
                                2. By End-Use Industry
                                  1. Food & Beverage
                                    1. Animal Feed
                                      1. Pharmaceuticals
                                        1. Dietary Supplements & Nutraceuticals
                                          1. Cosmetics & Personal Care
                                            1. Industrial Applications
                                            2. By Distribution Channel
                                              1. Direct Sales (B2B / Contract Supply)
                                                1. Distributors & Ingredient Traders
                                                  1. Online & E-Procurement Platforms
                                                2. U.S.
                                                  1. By Product Form
                                                    1. Liquid Soy Lecithin
                                                      1. Powdered Soy Lecithin
                                                        1. Granulated Soy Lecithin
                                                          1. De-oiled Soy Lecithin
                                                          2. By Processing Type
                                                            1. Conventional Soy Lecithin
                                                              1. Non-GMO Soy Lecithin
                                                                1. Organic Soy Lecithin
                                                                2. By Functionality
                                                                  1. Emulsifier
                                                                    1. Dispersing Agent
                                                                      1. Wetting Agent
                                                                        1. Release Agent
                                                                          1. Anti-Spattering Agent
                                                                          2. By End-Use Industry
                                                                            1. Food & Beverage
                                                                              1. Animal Feed
                                                                                1. Pharmaceuticals
                                                                                  1. Dietary Supplements & Nutraceuticals
                                                                                    1. Cosmetics & Personal Care
                                                                                      1. Industrial Applications
                                                                                      2. By Distribution Channel
                                                                                        1. Direct Sales (B2B / Contract Supply)
                                                                                          1. Distributors & Ingredient Traders
                                                                                            1. Online & E-Procurement Platforms
                                                                                          2. Canada
                                                                                        2. Europe
                                                                                          1. Market Size and Forecast
                                                                                            1. By Product Form
                                                                                              1. Liquid Soy Lecithin
                                                                                                1. Powdered Soy Lecithin
                                                                                                  1. Granulated Soy Lecithin
                                                                                                    1. De-oiled Soy Lecithin
                                                                                                    2. By Processing Type
                                                                                                      1. Conventional Soy Lecithin
                                                                                                        1. Non-GMO Soy Lecithin
                                                                                                          1. Organic Soy Lecithin
                                                                                                          2. By Functionality
                                                                                                            1. Emulsifier
                                                                                                              1. Dispersing Agent
                                                                                                                1. Wetting Agent
                                                                                                                  1. Release Agent
                                                                                                                    1. Anti-Spattering Agent
                                                                                                                    2. By End-Use Industry
                                                                                                                      1. Food & Beverage
                                                                                                                        1. Animal Feed
                                                                                                                          1. Pharmaceuticals
                                                                                                                            1. Dietary Supplements & Nutraceuticals
                                                                                                                              1. Cosmetics & Personal Care
                                                                                                                                1. Industrial Applications
                                                                                                                                2. By Distribution Channel
                                                                                                                                  1. Direct Sales (B2B / Contract Supply)
                                                                                                                                    1. Distributors & Ingredient Traders
                                                                                                                                      1. Online & E-Procurement Platforms
                                                                                                                                    2. U.K.
                                                                                                                                      1. By Product Form
                                                                                                                                        1. Liquid Soy Lecithin
                                                                                                                                          1. Powdered Soy Lecithin
                                                                                                                                            1. Granulated Soy Lecithin
                                                                                                                                              1. De-oiled Soy Lecithin
                                                                                                                                              2. By Processing Type
                                                                                                                                                1. Conventional Soy Lecithin
                                                                                                                                                  1. Non-GMO Soy Lecithin
                                                                                                                                                    1. Organic Soy Lecithin
                                                                                                                                                    2. By Functionality
                                                                                                                                                      1. Emulsifier
                                                                                                                                                        1. Dispersing Agent
                                                                                                                                                          1. Wetting Agent
                                                                                                                                                            1. Release Agent
                                                                                                                                                              1. Anti-Spattering Agent
                                                                                                                                                              2. By End-Use Industry
                                                                                                                                                                1. Food & Beverage
                                                                                                                                                                  1. Animal Feed
                                                                                                                                                                    1. Pharmaceuticals
                                                                                                                                                                      1. Dietary Supplements & Nutraceuticals
                                                                                                                                                                        1. Cosmetics & Personal Care
                                                                                                                                                                          1. Industrial Applications
                                                                                                                                                                          2. By Distribution Channel
                                                                                                                                                                            1. Direct Sales (B2B / Contract Supply)
                                                                                                                                                                              1. Distributors & Ingredient Traders
                                                                                                                                                                                1. Online & E-Procurement Platforms
                                                                                                                                                                              2. Germany
                                                                                                                                                                              3. France
                                                                                                                                                                              4. Spain
                                                                                                                                                                              5. Italy
                                                                                                                                                                              6. Russia
                                                                                                                                                                              7. Nordic
                                                                                                                                                                              8. Benelux
                                                                                                                                                                              9. Rest of Europe
                                                                                                                                                                            2. APAC
                                                                                                                                                                              1. Market Size and Forecast
                                                                                                                                                                                1. By Product Form
                                                                                                                                                                                  1. Liquid Soy Lecithin
                                                                                                                                                                                    1. Powdered Soy Lecithin
                                                                                                                                                                                      1. Granulated Soy Lecithin
                                                                                                                                                                                        1. De-oiled Soy Lecithin
                                                                                                                                                                                        2. By Processing Type
                                                                                                                                                                                          1. Conventional Soy Lecithin
                                                                                                                                                                                            1. Non-GMO Soy Lecithin
                                                                                                                                                                                              1. Organic Soy Lecithin
                                                                                                                                                                                              2. By Functionality
                                                                                                                                                                                                1. Emulsifier
                                                                                                                                                                                                  1. Dispersing Agent
                                                                                                                                                                                                    1. Wetting Agent
                                                                                                                                                                                                      1. Release Agent
                                                                                                                                                                                                        1. Anti-Spattering Agent
                                                                                                                                                                                                        2. By End-Use Industry
                                                                                                                                                                                                          1. Food & Beverage
                                                                                                                                                                                                            1. Animal Feed
                                                                                                                                                                                                              1. Pharmaceuticals
                                                                                                                                                                                                                1. Dietary Supplements & Nutraceuticals
                                                                                                                                                                                                                  1. Cosmetics & Personal Care
                                                                                                                                                                                                                    1. Industrial Applications
                                                                                                                                                                                                                    2. By Distribution Channel
                                                                                                                                                                                                                      1. Direct Sales (B2B / Contract Supply)
                                                                                                                                                                                                                        1. Distributors & Ingredient Traders
                                                                                                                                                                                                                          1. Online & E-Procurement Platforms
                                                                                                                                                                                                                        2. China
                                                                                                                                                                                                                          1. By Product Form
                                                                                                                                                                                                                            1. Liquid Soy Lecithin
                                                                                                                                                                                                                              1. Powdered Soy Lecithin
                                                                                                                                                                                                                                1. Granulated Soy Lecithin
                                                                                                                                                                                                                                  1. De-oiled Soy Lecithin
                                                                                                                                                                                                                                  2. By Processing Type
                                                                                                                                                                                                                                    1. Conventional Soy Lecithin
                                                                                                                                                                                                                                      1. Non-GMO Soy Lecithin
                                                                                                                                                                                                                                        1. Organic Soy Lecithin
                                                                                                                                                                                                                                        2. By Functionality
                                                                                                                                                                                                                                          1. Emulsifier
                                                                                                                                                                                                                                            1. Dispersing Agent
                                                                                                                                                                                                                                              1. Wetting Agent
                                                                                                                                                                                                                                                1. Release Agent
                                                                                                                                                                                                                                                  1. Anti-Spattering Agent
                                                                                                                                                                                                                                                  2. By End-Use Industry
                                                                                                                                                                                                                                                    1. Food & Beverage
                                                                                                                                                                                                                                                      1. Animal Feed
                                                                                                                                                                                                                                                        1. Pharmaceuticals
                                                                                                                                                                                                                                                          1. Dietary Supplements & Nutraceuticals
                                                                                                                                                                                                                                                            1. Cosmetics & Personal Care
                                                                                                                                                                                                                                                              1. Industrial Applications
                                                                                                                                                                                                                                                              2. By Distribution Channel
                                                                                                                                                                                                                                                                1. Direct Sales (B2B / Contract Supply)
                                                                                                                                                                                                                                                                  1. Distributors & Ingredient Traders
                                                                                                                                                                                                                                                                    1. Online & E-Procurement Platforms
                                                                                                                                                                                                                                                                  2. Korea
                                                                                                                                                                                                                                                                  3. Japan
                                                                                                                                                                                                                                                                  4. India
                                                                                                                                                                                                                                                                  5. Australia
                                                                                                                                                                                                                                                                  6. Singapore
                                                                                                                                                                                                                                                                  7. Taiwan
                                                                                                                                                                                                                                                                  8. South East Asia
                                                                                                                                                                                                                                                                  9. Rest of Asia-Pacific
                                                                                                                                                                                                                                                                2. Middle East and Africa
                                                                                                                                                                                                                                                                  1. Market Size and Forecast
                                                                                                                                                                                                                                                                    1. By Product Form
                                                                                                                                                                                                                                                                      1. Liquid Soy Lecithin
                                                                                                                                                                                                                                                                        1. Powdered Soy Lecithin
                                                                                                                                                                                                                                                                          1. Granulated Soy Lecithin
                                                                                                                                                                                                                                                                            1. De-oiled Soy Lecithin
                                                                                                                                                                                                                                                                            2. By Processing Type
                                                                                                                                                                                                                                                                              1. Conventional Soy Lecithin
                                                                                                                                                                                                                                                                                1. Non-GMO Soy Lecithin
                                                                                                                                                                                                                                                                                  1. Organic Soy Lecithin
                                                                                                                                                                                                                                                                                  2. By Functionality
                                                                                                                                                                                                                                                                                    1. Emulsifier
                                                                                                                                                                                                                                                                                      1. Dispersing Agent
                                                                                                                                                                                                                                                                                        1. Wetting Agent
                                                                                                                                                                                                                                                                                          1. Release Agent
                                                                                                                                                                                                                                                                                            1. Anti-Spattering Agent
                                                                                                                                                                                                                                                                                            2. By End-Use Industry
                                                                                                                                                                                                                                                                                              1. Food & Beverage
                                                                                                                                                                                                                                                                                                1. Animal Feed
                                                                                                                                                                                                                                                                                                  1. Pharmaceuticals
                                                                                                                                                                                                                                                                                                    1. Dietary Supplements & Nutraceuticals
                                                                                                                                                                                                                                                                                                      1. Cosmetics & Personal Care
                                                                                                                                                                                                                                                                                                        1. Industrial Applications
                                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                                          1. Direct Sales (B2B / Contract Supply)
                                                                                                                                                                                                                                                                                                            1. Distributors & Ingredient Traders
                                                                                                                                                                                                                                                                                                              1. Online & E-Procurement Platforms
                                                                                                                                                                                                                                                                                                            2. UAE
                                                                                                                                                                                                                                                                                                              1. By Product Form
                                                                                                                                                                                                                                                                                                                1. Liquid Soy Lecithin
                                                                                                                                                                                                                                                                                                                  1. Powdered Soy Lecithin
                                                                                                                                                                                                                                                                                                                    1. Granulated Soy Lecithin
                                                                                                                                                                                                                                                                                                                      1. De-oiled Soy Lecithin
                                                                                                                                                                                                                                                                                                                      2. By Processing Type
                                                                                                                                                                                                                                                                                                                        1. Conventional Soy Lecithin
                                                                                                                                                                                                                                                                                                                          1. Non-GMO Soy Lecithin
                                                                                                                                                                                                                                                                                                                            1. Organic Soy Lecithin
                                                                                                                                                                                                                                                                                                                            2. By Functionality
                                                                                                                                                                                                                                                                                                                              1. Emulsifier
                                                                                                                                                                                                                                                                                                                                1. Dispersing Agent
                                                                                                                                                                                                                                                                                                                                  1. Wetting Agent
                                                                                                                                                                                                                                                                                                                                    1. Release Agent
                                                                                                                                                                                                                                                                                                                                      1. Anti-Spattering Agent
                                                                                                                                                                                                                                                                                                                                      2. By End-Use Industry
                                                                                                                                                                                                                                                                                                                                        1. Food & Beverage
                                                                                                                                                                                                                                                                                                                                          1. Animal Feed
                                                                                                                                                                                                                                                                                                                                            1. Pharmaceuticals
                                                                                                                                                                                                                                                                                                                                              1. Dietary Supplements & Nutraceuticals
                                                                                                                                                                                                                                                                                                                                                1. Cosmetics & Personal Care
                                                                                                                                                                                                                                                                                                                                                  1. Industrial Applications
                                                                                                                                                                                                                                                                                                                                                  2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                    1. Direct Sales (B2B / Contract Supply)
                                                                                                                                                                                                                                                                                                                                                      1. Distributors & Ingredient Traders
                                                                                                                                                                                                                                                                                                                                                        1. Online & E-Procurement Platforms
                                                                                                                                                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                                                                                                                        1. By Product Form
                                                                                                                                                                                                                                                                                                                                                          1. Liquid Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                            1. Powdered Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                              1. Granulated Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                1. De-oiled Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                2. By Processing Type
                                                                                                                                                                                                                                                                                                                                                                  1. Conventional Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                    1. Non-GMO Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                      1. Organic Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                      2. By Functionality
                                                                                                                                                                                                                                                                                                                                                                        1. Emulsifier
                                                                                                                                                                                                                                                                                                                                                                          1. Dispersing Agent
                                                                                                                                                                                                                                                                                                                                                                            1. Wetting Agent
                                                                                                                                                                                                                                                                                                                                                                              1. Release Agent
                                                                                                                                                                                                                                                                                                                                                                                1. Anti-Spattering Agent
                                                                                                                                                                                                                                                                                                                                                                                2. By End-Use Industry
                                                                                                                                                                                                                                                                                                                                                                                  1. Food & Beverage
                                                                                                                                                                                                                                                                                                                                                                                    1. Animal Feed
                                                                                                                                                                                                                                                                                                                                                                                      1. Pharmaceuticals
                                                                                                                                                                                                                                                                                                                                                                                        1. Dietary Supplements & Nutraceuticals
                                                                                                                                                                                                                                                                                                                                                                                          1. Cosmetics & Personal Care
                                                                                                                                                                                                                                                                                                                                                                                            1. Industrial Applications
                                                                                                                                                                                                                                                                                                                                                                                            2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                              1. Direct Sales (B2B / Contract Supply)
                                                                                                                                                                                                                                                                                                                                                                                                1. Distributors & Ingredient Traders
                                                                                                                                                                                                                                                                                                                                                                                                  1. Online & E-Procurement Platforms
                                                                                                                                                                                                                                                                                                                                                                                                2. Brazil
                                                                                                                                                                                                                                                                                                                                                                                                  1. By Product Form
                                                                                                                                                                                                                                                                                                                                                                                                    1. Liquid Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                                                      1. Powdered Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                                                        1. Granulated Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                                                          1. De-oiled Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                                                          2. By Processing Type
                                                                                                                                                                                                                                                                                                                                                                                                            1. Conventional Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                                                              1. Non-GMO Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                                                                1. Organic Soy Lecithin
                                                                                                                                                                                                                                                                                                                                                                                                                2. By Functionality
                                                                                                                                                                                                                                                                                                                                                                                                                  1. Emulsifier
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Dispersing Agent
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Wetting Agent
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Release Agent
                                                                                                                                                                                                                                                                                                                                                                                                                          1. Anti-Spattering Agent
                                                                                                                                                                                                                                                                                                                                                                                                                          2. By End-Use Industry
                                                                                                                                                                                                                                                                                                                                                                                                                            1. Food & Beverage
                                                                                                                                                                                                                                                                                                                                                                                                                              1. Animal Feed
                                                                                                                                                                                                                                                                                                                                                                                                                                1. Pharmaceuticals
                                                                                                                                                                                                                                                                                                                                                                                                                                  1. Dietary Supplements & Nutraceuticals
                                                                                                                                                                                                                                                                                                                                                                                                                                    1. Cosmetics & Personal Care
                                                                                                                                                                                                                                                                                                                                                                                                                                      1. Industrial Applications
                                                                                                                                                                                                                                                                                                                                                                                                                                      2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                                                                        1. Direct Sales (B2B / Contract Supply)
                                                                                                                                                                                                                                                                                                                                                                                                                                          1. Distributors & Ingredient Traders
                                                                                                                                                                                                                                                                                                                                                                                                                                            1. Online & E-Procurement Platforms
                                                                                                                                                                                                                                                                                                                                                                                                                                          2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                                          3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                                          4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                                                          5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                                          6. Rest of LATAM
                                                                                                                                                                                                                                                                                                                                                                                                                                      3. Competitive Landscape, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                        1. Introduction
                                                                                                                                                                                                                                                                                                                                                                                                                                        2. Soy Lecithin Market Share Analysis, 2025 (%)
                                                                                                                                                                                                                                                                                                                                                                                                                                          1. Market Share Analysis, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                          2. Competition Ranking, 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                          3. Key Developments & Growth Strategies
                                                                                                                                                                                                                                                                                                                                                                                                                                            1. Merger & Acquisition
                                                                                                                                                                                                                                                                                                                                                                                                                                            2. Product Launch
                                                                                                                                                                                                                                                                                                                                                                                                                                            3. Expansion
                                                                                                                                                                                                                                                                                                                                                                                                                                          4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                                                                                                                                                                                                                                                                                      4. Company Profile
                                                                                                                                                                                                                                                                                                                                                                                                                                        1. Cargill, Inc.
                                                                                                                                                                                                                                                                                                                                                                                                                                          1. Business Overview
                                                                                                                                                                                                                                                                                                                                                                                                                                          2. Financial Data
                                                                                                                                                                                                                                                                                                                                                                                                                                          3. Key Product domains
                                                                                                                                                                                                                                                                                                                                                                                                                                          4. Recent Developments
                                                                                                                                                                                                                                                                                                                                                                                                                                        2. Archer Daniels Midland Company (ADM)
                                                                                                                                                                                                                                                                                                                                                                                                                                        3. Bunge Limited
                                                                                                                                                                                                                                                                                                                                                                                                                                        4. Wilmar International Limited
                                                                                                                                                                                                                                                                                                                                                                                                                                        5. Lipoid GmbH
                                                                                                                                                                                                                                                                                                                                                                                                                                        6. Stern-Wywiol Gruppe
                                                                                                                                                                                                                                                                                                                                                                                                                                        7. IFF (International Flavors & Fragrances Inc.)
                                                                                                                                                                                                                                                                                                                                                                                                                                        8. American Lecithin Company
                                                                                                                                                                                                                                                                                                                                                                                                                                        9. Sodrugestvo Group
                                                                                                                                                                                                                                                                                                                                                                                                                                        10. Lasenor Emul S.L.