Latin America Lecithin Market Size & Outlook, 2024-2030
Latin America lecithin market, 2018-2030 (US$M)
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Latin America lecithin market highlights
- The Latin America lecithin market generated a revenue of USD 66.4 million in 2023.
- The market is expected to grow at a CAGR of 9.3% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 66.4 million |
| Market revenue in 2030 | USD 123.4 million |
| Growth rate | 9.3% (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, Latin America region accounted for 10.9% 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 |
|---|
Latin America 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 82.53% in 2024. Horizon Databook has segmented the Latin America lecithin market based on soy, sunflower, rapeseed, other covering the revenue growth of each sub-segment from 2018 to 2030.
South America is among the fastest-growing markets in the world and the growth can be attributed to high demand from Brazil and Argentina with large cultivations of soybean and other oilseeds.
Soybean is expected to remain the dominant source segment in the market owing to the presence of large plantations in the region. The demand from this source is driven by growing demand from end-use industries such as confectionery and bakery.
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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 continent-level data and insights on the Latin America lecithin market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America lecithin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America lecithin market size, by country, 2018-2030 (US$M)
Latin America Lecithin Market Outlook Share, 2024 & 2030 (US$M)
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