Lecithin Market Size And Growth Factors By 2030
Lecithin Market Growth & Trends The global lecithin market size is expected to reach USD 1,068.8 million by 2030, expanding at a CAGR of 7.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by rising demand for lecithin, which has compelled the end-use manufacturers to include it in their product formulations. Lecithin Market Segmentation Grand View Research has segmented the global lecithin market report based on source, end-use, form, and region Based on the Source Insights, the market is segmented into Soy, Sunflower, Rapeseed, Others. The soy segment dominated the lecithin market with the highest revenue share of over 79% in 2021. This is attributable to the growing food industry in regions of Europe and Asia Pacific due to the presence of extensive areas of land under soybean cultivation and production. It is mainly used for manufacturing dairy products, ice creams, dietary supplements , infant for...