Lecithin Market size is expected to reach USD 1,068.8 million by 2030
Lecithin Industry Overview The global lecithin market size was valued at USD 547.5 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. The growth is majorly driven by increasing application in baked goods, ready-to-eat, confectioneries, pasta, and instant foods because of its properties, such as emulsifier, viscosity reduction agent, and wetting agent. Lecithin manufacturers contend on the ground of competitive pricing due to the existence of price-sensitive buyers. Manufacturers emphasize process innovation and low-cost raw material origins to gain a competitive edge in the marketplace. In addition, the rapid growth of end-use industries such as food, beverage, feed, and pharmaceutical, as well as the rise in lecithin production, tends to overwhelm fills the gap between supply and demand, and moderate price increases are expected during the forecast period. Gather more insights about the market ...