Canada Lecithin Market Size & Outlook, 2024-2030
Canada lecithin market, 2018-2030 (US$M)
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Canada lecithin market highlights
- The Canada lecithin market generated a revenue of USD 10.8 million in 2023 and is expected to reach USD 18.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, soy was the largest revenue generating source in 2023.
Lecithin market data book summary
| Market revenue in 2023 | USD 10.8 million |
| Market revenue in 2030 | USD 18.5 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Other |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 1.8% of the global lecithin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. lecithin market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 17.2 million by 2030.
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Lecithin Market Scope
Lecithin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 77.78% in 2024. Horizon Databook has segmented the Canada lecithin market based on soy, sunflower, rapeseed, other covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing population, coupled with rising demand for healthy foods, is boosting the consumption of lecithin in several end-use applications in the country. The presence of a large number of rapeseed and soybean fields in the country is expected to drive market growth of lecithin over the forecast period.
The presence of a large number of oilseeds crushing facilities in the country is driving the demand for lecithin derived from rapeseed. The low prices of lecithin derived from rapeseed are anticipated to be a major market driver for rapeseed lecithin in the country.
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Our clientele includes a mix of lecithin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada lecithin market , including forecasts for subscribers. This country databook contains high-level insights into Canada lecithin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada lecithin market size, by source, 2018-2030 (US$M)
Canada Lecithin Market Outlook Share, 2024 & 2030 (US$M)
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