Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.1 Billion | USD 3.45 Billion | 5.56% | 2021 |
FrequentlyAsked Questions
The global soy lecithin market is projected to benefit from the growing application of the products across the food and beverage industry. Since soy lecithin acts as a great emulsifier, many F & B manufacturers prefer to use the product while manufacturing food items
According to Zion Market Research, the global soy lecithin market size was worth around USD 2.1 billion in 2021 and is predicted to grow to around USD 3.45 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.56% between 2022 and 2028
The global soy lecithin market is expected to be dominated by North America during the projection period driven by the rising application of the product in the F & B sector especially the processed food segments like confectionery and baked items. As per official reports, the baked good items market in the USA is expected to reach around USD 165.5 billion by 2025 which is an indication of the rising intake of such goods where soy lecithin forms an integral part of the production process
The global soy lecithin market is the house to players like Cargill, Lipoid GmbH, Sternchemie Gmbh & Co.KG, Sodrugestvo, Archer Daniels Midland (ADM), Wilmar International, Bunge Limited, Thew Arnott & Co. Ltd., LEKITHOS, DowDuPont, SOYA International, and International Flavors & Fragrances (IFF).
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