The global Soy Lecithin Market Growth Accelerated by Versatility in Food and Pharmaceutical Applications
Soy lecithin is a natural compound extracted from soybeans that contains healthy fatty acids and phospholipids. Due to its versatility and functionalities, soy lecithin has wide applications in food and pharmaceuticals. It is used as an emulsifier, cohesive agent, dispersing agent, and stabilizer in products like margarine, mayonnaise, baked goods, and tonics. The global Soy Lecithin Market is estimated to be valued at US$ 0.96 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The expansion of the food processing industry has been a major factor augmenting the growth of the soy lecithin market . For instance, according to an analysis by the International Food Information Council, spending on processed and packaged food categories increased by 3.3% and 4.7% respectively between 2017 and 2019 in the U.S. Soy lecithin is increasingly being used by...