In 2013, North American Lecithin market was valued at $243,349.2 thousand. It is projected to reach $324,310.3 thousand by 2019, at a CAGR of 4.4% from 2014 to 2019. In North America, the mandatory labeling of the ingredients of food items has increased the demand for natural sources of ingredients. Moreover, due to busy schedule and changing lifestyle the demand for convenience and ready-to-cook is growing. Soy is the most preferred sources of lecithin & phospholids for commercial application, as it is the easiest source of application.
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In the North American lecithin market there are five major players, namely Cargill Incorporated (U.S.), Archer Daniel Midland (U.S.), Lasenor Emul Sl. (Spain), Ruchoi Soya Industries Limited (India).Cargill Incorporated is the major player with a share of 20.1% followed by Dupont with a share of 16.1%.
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