Global Lipid Market size is expected to be USD 15.58 billion in 2024, and it is anticipated to reach USD 21.76 billion by 2029, developing with an annual progression rate CAGR of 6.9% between 2024 and 2029.
Lipids are essential for fasting, which is necessary in the daily diet for the proper functioning and metabolism of our body. The lipid market is made up of different types of fats with specific functions and benefits of the human body. In addition, lipid nutrition contains by-products from livestock and is used in pet food and feed to improve pet health. Lipids are a combination of different types of biological compounds, such as fats, waxes, oils, and other related compounds. These are the basic structural components of cell membranes and are a basic source of energy. Lipids perform a series of beneficial functions for the proper functioning of the body. They help provide continuous energy to muscles and body processes. About half of the energy your body needs comes from lipid sources. It also insulates the body from extreme temperatures and protects it from various types of shocks. In addition, they are essential for the proper digestion and absorption of food in the body. Therefore, the proper functioning of the body requires the proper balance of different types of lipids.
The global lipid market is estimated to grow in line with recent vegan and supplemental dietary trends in urban populations around the world.
Global Lipid Market Drivers:
Along with the growing elderly population and changes in dietary patterns and food quality, the demand for nutritional supplements is increasing. Lipids are increasingly being applied in nutritional supplements due to the variety of health benefits they provide. Another study proposed a lipid-based nutritional supplement to promote the growth and development of infants who lack essential nutrients in their diet. These factors are supposed to continue to drive growth in the lipid business. Obesity and overweight are increasing at drastic rates in developed and developing countries and are among the most important threats to the health of the population. With a large proportion of the population staying in urban areas, North America dominates the geological market, many of whom lead sedentary lifestyles, increasing the demand for essential lipids to maintain health and well-being. The benefits of essential fats are likely to boost the global lipid market as the rapid growth of lifestyle-related diseases and disorders increases in urban populations around the world, making it easier for consumers to meet your daily nutritional needs. The health benefits of lipids include reduced inflammation, heart rate stability, and reduced low-density lipoproteins. These factors, in turn, drive the growth of the lipid market. This market is growing as young and middle-class consumers increase their disposable income while growing their health awareness. The rising need for fortified food additives in infant formulas and dietary supplements due to a wide range of health benefits will drive demand from the industry. The lipid market will witness a significant expansion due to the growing call for foods and beverages with high nutritional content combined with consumer preferences based on factors such as taste, flavor and color. Due to the changing trends in the food and beverage industry and the continuous research and development of the pharmaceutical industry, manufacturers must provide customized lipid products, and the regional market is mainly driven by domestic manufacturers selling lipids in nearby regions. Global manufacturers work with local players to expand their sales space in their region. In addition, changes in urban lifestyle and food consumption habits are causing various types of lifestyle diseases, which are increasing the demand for various types of lipid-based products to maintain health.
Furthermore, increased health awareness among informed consumers about the health benefits of lipids is estimated to increase the need for lipid-based products in the near future. Increasing health awareness among young and middle-class consumers is increasing the demand for different types of lipid nutrition products. To maintain the taste and smell of products, food production companies adopt lipids to replace synthetic flavor carriers, and density, hydrogenation, emulsification and texture accelerate the growth of the lipid business. In addition, increased awareness of the health benefits of products, changes in consumer preferences, and propensity for a healthy lifestyle have a positive impact on the lipid market. The growing global population of "clean labels", "careful choice" and "sustainability", as well as changing consumer preferences for natural ingredients and improved flavors, are key factors driving the lipid market. The increased demand for lipids as an alternative to saturated fatty acids in foods that cause health problems, and the use of lipid organogels to obtain semisolid fats and reduce the content of saturated fatty acids has an impact on the market for lipids. The global market is saturated with numerous manufacturers. Plyers in the lipid market are engaged in R&D for the development of new products to meet the rising call and withstand the competitive market environment. In addition, product innovation, increasing number of applications, and growing need for products in emerging economies expand profitable opportunities for geological market players during the conjecture period 2024 - 2029.
Global Lipid Market Restraints:
Lack of consumer awareness of the health benefits of lipids in developing countries is limiting the growth of this market. This is because the presence of alternative products and lower penetration caused limitations during the outlook period for the lipid nutrition market. Not suitable for patients with certain health conditions, high maturity among raw material suppliers, sustainability problems in fishing and low catch quotas are factors that are estimated to hamper the growth of the worldwide market. Rising raw material and technology costs are determined to challenge the lipid market in the conjecture period 2020-2025.
Impact of COVID-19 on the Lipid Market:
The current coronavirus pandemic has had huge negative impacts on companies in many industries, not all industries in the world. The supply chain strategies of existing companies, including the chemical industry, were also reviewed. The pharmaceutical and personal care industry is still recovering demand, but potential revenue has declined significantly in recent months. However, with the support of regulators and legislators from various regions, consumer confidence is changing and growing optimistically. Also, the slow but steady recovery in the different consumer markets is estimated to increase R&D activity for new cosmetics. This will also be an important determinant in shaping the lipid business.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
6.9% |
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Segments Covered |
By Type, Source, End users, distribution channels And Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
THE Avanti Polar Lipids, Merck Millipore Ltd, Chemi SpA, ABITEC Corporation, Stepan Company, Tokyo Chemical Industry Co., Ltd , Cayman Chemical, Matreya LLC, NOF Corporation, Archer Daniels Midland Company. |
This research report on the Global Lipid Market has been segmented and sub-segmented based on Type, Source, End users, distribution channels And Region
Global Lipid Market - By source:
The lipid market is segmented into vegan and vegan diets. Non-vegan sources are foreseen to continue to dominate the market over the conjecture period. Vegan sources that may see growth during the forecast period due to changes in vegan food preferences are visible around the world.
Global Lipid Market – By type:
lipid nutrition can be divided into omega-3, omega-6, LCT and MCT. Omega 3 and omega 6 are estimated to occupy a large part of the lipid nutrition market.
Global Lipid Market - By End users:
the lipid nutrition market can be segmented into dietary supplements, food and beverage, personal care and cosmetics, pharmaceutical and animal food, and pet food. The Food and Beverages segment is expected to drive Lipid Nutrition market during the envisioned period. The animal and pet food sector is determined to grow as the humanization of animal food and pet food products increases around the world.
Global Lipid Market - By distribution channels:
as direct and indirect. Indirect can be subdivided into specialty stores, modern business formats, e-commerce, pharmacies, and other retail formats. Pharmacy formats and specialties are predicted to have a larger share in terms of volume, as target consumers can easily achieve this with these formats.
Global Lipid Market – By Region:
The Asia Pacific region is expected to drive the global lipid market as it increases awareness of health and wellness through supplements and fortified foods. Asia Pacific had the largest share of the lipid business in 2020, especially in regions like Japan, Korea, China, and India. The increasing focus of major players on potential pioneer markets in Asia Pacific is supposed to have a positive impact on the growth of the lipid nutrition market in the region. North America is expected to maintain a lucrative market for lipids, as there is a large consumer base for fortified foods and dietary supplements in this area. Europe ranks second in the lipid nutrition market after North America in terms of revenue. The Middle East and Africa will also see a good demand for lipid nutrition with a large influx of foreign populations and lifestyles.
KEY PLAYERS IN THE MARKET:
Key players Of Global Lipid Market are THE Avanti Polar Lipids, Merck Millipore Ltd, Chemi SpA, ABITEC Corporation, Stepan Company, Tokyo Chemical Industry Co., Ltd , Cayman Chemical, Matreya LLC, NOF Corporation, Archer Daniels Midland Company.
Frequently Asked Questions
Lipids are found in a variety of foods, including animal sources such as meat, dairy products, and eggs, as well as plant sources such as nuts, seeds, avocados, and vegetable oils. Some lipids, such as omega-3 fatty acids, are considered essential nutrients that must be obtained from the diet.
Lipids have diverse applications across various industries, including food and beverage, pharmaceuticals, cosmetics, personal care, agriculture, and biofuels. In the food industry, lipids are used as cooking oils, food additives, emulsifiers, flavor enhancers, and nutritional supplements. In pharmaceuticals, lipids serve as drug delivery vehicles and active pharmaceutical ingredients.
The global lipid market is driven by several factors, including increasing consumer demand for healthy and functional foods, growing awareness of the health benefits of omega-3 fatty acids and other lipids, rising prevalence of chronic diseases, expanding applications in pharmaceuticals and nutraceuticals, and technological advancements in lipid extraction and processing.
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