North America Lecithin Market Size & Outlook, 2024-2030
North America lecithin market, 2018-2030 (US$M)
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North America lecithin market highlights
- The North America lecithin market generated a revenue of USD 165.8 million in 2023.
- The market is expected to grow at a CAGR of 7.4% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 165.8 million |
| Market revenue in 2030 | USD 273.5 million |
| Growth rate | 7.4% (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, North America region accounted for 27.3% 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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North 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 78.41% in 2024. Horizon Databook has segmented the North America lecithin market based on soy, sunflower, rapeseed, other covering the revenue growth of each sub-segment from 2018 to 2030.
The North American lecithin market accounted for 28.52% share of the global market in 2019. The demand in the region is driven by the presence of key end users and easy availability of raw materials. The presence of large soy fields in the U.S. and canola fields in Canada are boosting market growth of lecithin in this region. Soybean is the major source used in the manufacturing of lecithin.
Animal feed is the major application segment in the market as traditionally lecithin was used in the manufacturing of these products. However, the favorable properties of lecithin are expected to boost its consumption in application segments such as bakery and confectionery products.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America lecithin market , including forecasts for subscribers. This continent databook contains high-level insights into North America lecithin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America lecithin market size, by country, 2018-2030 (US$M)
North America Lecithin Market Outlook Share, 2024 & 2030 (US$M)
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