Asia Pacific Lecithin Market Size & Outlook, 2024-2030
Asia Pacific lecithin market, 2018-2030 (US$M)
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Asia Pacific lecithin market highlights
- The Asia Pacific lecithin market generated a revenue of USD 166.1 million in 2023.
- The market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, soy was the largest revenue generating source in 2023.
- Sunflower is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 166.1 million |
| Market revenue in 2030 | USD 321.7 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Sunflower |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Sunflower, Rapeseed, Other |
| Key market players worldwide | Cargill, Archer-Daniels Midland Co, Lipoid, Bunge Global SA, DuPont de Nemours Inc, NOW Foods, Wilmar International Ltd, American Lecithin Company, Stern-Wywiol Gruppe, Soyatech, Giiava, AKK, IMCOPA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.4% of the global lecithin market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 321.7 million by 2030.
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Lecithin Market Scope
Lecithin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific lecithin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lecithin market will help companies and investors design strategic landscapes.
Soy was the largest segment with a revenue share of 78.21% in 2024. Horizon Databook has segmented the Asia Pacific lecithin market based on soy, sunflower, rapeseed, other covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in the region can be attributed to increasing lecithin demand from India and China, experiencing a rapid increase in population and changing demographic trends. The presence of large areas of land for oilseed cultivation is expected to further boost the market growth.
Soybean is the major source segment in Asia Pacific market owing to abundant availability in the region. Manufacturers still prefer lecithin sourced from soybean as they believe that any other ingredient can spoil the texture of food.
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Target buyers of Asia Pacific lecithin market databook
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Our clientele includes a mix of lecithin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific lecithin market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific lecithin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific lecithin market size, by country, 2018-2030 (US$M)
Asia Pacific Lecithin Market Outlook Share, 2024 & 2030 (US$M)
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