Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 550 million | USD 912 million | 7.5% | 2022 |
FrequentlyAsked Questions
The global lecithin market is primarily driven by the increasing demand for lecithin from the pharmaceutical and cosmetics industry. Furthermore, its organic nature which is responsible to cure many diseases is another factor that propels the market expansion.
According to the report, the global lecithin market size was worth around USD 550 million in 2021 and is predicted to grow to around USD 912 million by 2028 with a compound annual growth rate (CAGR) of roughly 7.5% between 2022 and 2028.
The global lecithin market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the increasing population along with growing food needs.
The global lecithin market is dominated by players like Cargill, ADM, Lucas Meyer GmbH., Thew Arnott Group, NOW Foods, DuPont, Sodrugestvo Group of Companies, Swanson Health Products, American Lecithin Company, Bunge Limited, Lipoid GmbH among others.
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