USD 2.76 billion
Report ID:
SQMIR30B2040 |
Region:
Regional |
Published Date: February, 2024
Pages:
260
|Tables:
124
|Figures:
62
Europe Lipid Ingredients Market was valued at USD 2.76 billion in 2019, and USD 2.92 Billion in 2019 and it is expected to reach a value of USD 3.88 billion by 2031, at a CAGR of more than 3.9% over the forecast period (2024-2031).
Lipids are regarded a key element in the creation of dietary supplements owing to their high quantity of energy and fat-soluble vitamins. People's growing concern for their health as a result of the COVID-19 has increased demand for dietary supplements all across the world. Furthermore, the availability of nutritional supplements in a variety of forms and tastes has made it more socially acceptable among individuals of all ages. Growing dietary supplement intake is predicted to enhance lipid demand in the coming years. Lipids are a critical component in the creation of COVID-19 mRNA-based vaccines. Massive demand for it in the development of COVID-19 vaccinations for the worldwide population has forced manufacturers to increase lipid output.
Rapid population growth in Europe, is predicted to drive demand for products such as pharmaceuticals and healthcare, dietary supplements, functional food, functional drinks, cosmetics and personal care, and others. The high amount of omega 3 and omega 6 in lipids is the fundamental reason for its widespread usage in food and beverage products. Rising global costs for fatty acids and other raw materials operate as a barrier to global market expansion. These price changes are a result of the COVID-19 and the current geopolitical crisis in Europe.
Europe Lipid Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.76 billion
Largest Segment
Plant
Fastest Growth
Animal
Growth Rate
more than 3.9% CAGR
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Europe Lipid Ingredients Market is segmented based on the Source, product, phase, and Application. Based on Source, the Europe Lipid Ingredients Market is segmented into Plants (Vegetable Oil, Nuts Oil, Fruit Seeds, and Other Plant-sourced Ingredients), Animals (Fish Oil, and Other Animal-sourced Lipid Ingredients), Novel Lipid Sources (Microalgae, and Insects). Based on Application, the Europe Lipid Ingredients Market is segmented into Skincare products, Haircare products, and Others. Based on product, the Europe Lipid Ingredients Market is segmented into Ionizable Lipids (Lipid Nano Particles), Triglycerides, Sphingolipids, Phospholipids, and Others. By phase, the Europe Lipid Ingredients Market is segmented into clinical, pre-clinical, and others.
Europe Lipid Ingredients Market Analysis by Source
In 2021, the plants source segment has the greatest proportion of the Europe lipid ingredients market for cosmetics. The expanding need for plant-based lipid components in the cosmetics industry, the growing desire for organic and natural beauty products, and consumer demand for non-toxic and non-irritating cosmetics all contribute to this segment's high share. Furthermore, there has been a huge increase in demand for skincare products throughout the epidemic, with more people becoming cognizant of the need of self-care. Finally, there has been an increase in the desire for plant-based cosmetics and skincare products. All of these reasons are projected to raise plant oil demand in the European cosmetics sector.
The animal source segment holds the second largest share in the Europe lipid ingredients market. Animal-derived foods are an important source of nutrients in the diet. However, specific elements of certain of these meals have raised concerns about their connection to an elevated risk of cardiovascular disease and other illnesses. The fatty acid content of many animal-derived foods varies and can be improved through animal nutrition. The importance of animal sources in developing diets for long-term human health will become increasingly crucial in the future.
Europe Lipid Ingredients Market Analysis by Application
During the forecast period, the skincare category is predicted to demand the fastest growth of the Europe lipid ingredients market. The segment's fastest CAGR is primarily due to rising demand for skincare products with an ageing population, a shift in consumer focus toward anti-aging skincare products and acne-reducing solutions, rising demand for natural/organic skincare products, and rising demand for luxury skincare products. Furthermore, increased skin issues caused by pollution, hormone imbalances, hereditary abnormalities, and other reasons boost the region's desire for skincare products.
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The Europe Lipid Ingredients market is divided into Germany, France, UK, Russia, and Italy. Germany is expected to hold the highest proportion of the European cosmetic lipid components market in 2021. The country's dominant position is largely due to the largest cosmetics consumer market in Europe as well as key manufacturing hubs for conventional and natural cosmetics. Beiersdorf, for example, is the most major cosmetics manufacturer. Lavera, Logona (L'Oréal), Dr. Hauschka, and Primavera Life are examples of well-known natural and organic cosmetics brands. Weleda, a Swiss natural cosmetics manufacturer, also operates a production site in Germany.
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Europe Lipid Ingredients Market Driver
Rising Awareness for Healthy Diet
Europe Lipid Ingredients Market Restraint
Availability of Alternatives
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Due to the rising population, lipid ingredient producers are partnering with other market participants to improve production capacity. Manufacturers are developing cutting-edge technology to boost lipid ingredients manufacturing capacity. Key companies are investing in launching lipid-based organic products to fulfil the consumer demand for healthy products.
Europe Lipid Ingredients Market Top Player's Company Profiles
Europe Lipid Ingredients Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Europe Lipid Ingredients Market, a notable trend in the cosmetic oil industry is the increased preference for vegetable oils over mineral oils in cosmetics. The lipid components sector suffered mostly as a result of sluggish cosmetics sales, with a total lockdown in France, Italy, and Spain in 2020, as well as harsh restrictions in Germany and the United Kingdom. The plants category is predicted to account for the lion's share of the European lipid ingredients market. The skincare category is expected to have the fastest growth in the entire Europe lipid ingredients market during the projected period. In 2021, Germany is predicted to hold the largest share of the European cosmetic lipid components market. Market expansion may be hampered by the availability of alternatives such as mineral oil.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 2.76 billion |
Market size value in 2031 | USD 3.88 billion |
Growth Rate | more than 3.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Europe Lipid Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Lipid Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Lipid Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Lipid Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Europe Lipid Ingredients Market was valued at USD 2.76 billion in 2019, and USD 2.92 Billion in 2019 and it is expected to reach a value of USD 3.88 billion by 2031, at a CAGR of more than 3.9% over the forecast period (2024-2031).
Due to the rising population, lipid ingredient producers are partnering with other market participants to improve production capacity. Manufacturers are developing cutting-edge technology to boost lipid ingredients manufacturing capacity. Key companies are investing in launching lipid-based organic products to fulfil the consumer demand for healthy products. 'BASF SE (Germany)', 'Croda International PLC (U.K.)', 'Merck Group (Germany)', 'Lipoid GmbH (Germany)', 'Polaris (France)'
The increased consumer awareness of the need for a healthy diet will assist the European lipid ingredients market growth. The rising demand for Omega-3 components as a consequence of public awareness of their benefits enables manufacturers to provide good nourishment to clients. Omega-3 fatty acids are also beneficial to the heart, metabolism, and brain. Omega-6 fats are essential because they provide energy to the body. Both omega-3 and omega-6 fatty acids are necessary components of cell membranes and aid in the regulation of blood pressure and other conditions. Furthermore, omega-3 and omega-6 fatty acids have anti-inflammatory properties and may help to prevent heart disease. As a result of these factors, the European lipid ingredients market is expected to expand.
The growing preference for vegetable oils over mineral oils in cosmetics is a notable trend in the cosmetic oil industry. This trend is most likely to stimulate demand for vegetable oils from cosmetics goods throughout the forecast period. This is mostly because mineral oils are derived from a non-renewable resource that is not sustainable and cannot be used in cosmetic products indefinitely owing to environmental impact. Mineral oil, meanwhile, is thought to be impure, carrying pollutants and even carcinogens. Because of widespread hostility to mineral oil, a shift toward the use of vegetable oils in cosmetics has occurred.
The Europe Lipid Ingredients market is divided into Germany, France, UK, Russia, and Italy.
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Report ID: SQMIR30B2040
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