Mexico Lecithin Market Size & Outlook, 2023-2030
Mexico lecithin market, 2016-2030 (US$M)
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Mexico lecithin market highlights
- The Mexico lecithin market generated a revenue of USD 9.4 million in 2023 and is expected to reach USD 17.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 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.
Lecithin market data book summary
| Market revenue in 2023 | USD 9.4 million |
| Market revenue in 2030 | USD 17.2 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Sunflower |
| 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, Mexico accounted for 1.5% 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 |
|---|
Mexico 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 77.66% in 2023. Horizon Databook has segmented the Mexico lecithin market based on soy, sunflower, rapeseed, other covering the revenue growth of each sub-segment from 2016 to 2030.
The Mexican market has witnessed stress over the review period that limited the growth of the carbonates segment owing to a national tax imposed on sugar-sweetened beverages.
Owing to such challenges, decrease in average consumption of beverages can hamper the demand for lecithin over the forecast period. However, the soft drinks market observed growth, owing to trends such as health awareness among consumers and innovative marketing strategies.
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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 Mexico lecithin market , including forecasts for subscribers. This country databook contains high-level insights into Mexico lecithin market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico lecithin market size, by source, 2016-2030 (US$M)
Mexico Lecithin Market Outlook Share, 2023 & 2030 (US$M)
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