Demand for Lecithin has Increased the Feed Segment in Recent Years
The global lecithin market was valued at USD 1.15 billion in 2018 and is projected to reach USD 1.59 billion by 2023, at a CAGR of 6.7% during forecast period. The global phospholipids market was valued at USD 3.23 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 6.2% during forecast period. The lecithin market is driven by factors such as increased demand from the...
Driving Factors for Lecithin and Phospholipids Market
The market for lecithin & phospholipids is growing with the increase in their applications. The increase in demand for convenience foods, nutrients, and supplements is the major driver for this market. The increasing consumer awareness and health concerns have led to increase in demand for phospholipids. Lecithins are used globally as food additive and surfactant. The increase in income and changes...