USD 13.65 billion
Lipid Market Size, Share, Growth Analysis, By Source(Plant and Animal), By Application(Food and Beverages and Pharmaceuticals.), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2198 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
59
|Figures:
75
Lipid Market Insights
Global Lipid Market size was valued at USD 13.65 billion in 2022 and is poised to grow from USD 14.59 billion in 2023 to USD 24.88 billion by 2031, growing at a CAGR of 6.9% during the forecast period (2024-2031).
The market growth is driven by the growing demand for lipid-based food products and the increasing awareness regarding the health benefits of lipids. The expansion is attributed to its expanding applications in sectors like pharmaceuticals, food & beverage, and dietary supplements. Due to their high energy and fat-soluble vitamin content, lipids are regarded as a crucial component in the creation of dietary supplements. Furthermore, the availability of dietary supplements in a range of flavors and forms has increased their social acceptability among all age groups. The prevalence of obesity and other health-related problems has significantly increased as a result of rapid urbanization, sedentary lifestyles, and increased fast food consumption.
As a result, people are becoming more health conscious, and demand for nutritional lipids is rising everywhere. In order to preserve the flavor and aroma of their products, many food manufacturing companies also use lipids as a substitute for synthetic flavoring carriers. This is also attributable to their outstanding functional qualities, which include emulsification, hydrogenation, and density. To increase their influence in the pharmaceutical and food and beverage (F&B) industries, major players are developing new nutritional ingredients. To boost overall sales, they also heavily rely on advertising campaigns that feature celebrity endorsements. Additionally, the global demand for lipid supplements is being positively impacted by the growing vegan and vegetarian population as well as the emerging need to supplement daily diets with adequate nutrition.
US Lipid Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Plant
Fastest Growth
Plant
Growth Rate
6.9% CAGR
Global Lipid Market ($ Bn)
Country Share for North America Region (%)
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Lipid Market Segmental Analysis
Global lipid market is segmented by source, application, and region. Based on source, the market can be segmented into plant, and animal. Based on application, the market is segmented into food and beverages, and pharmaceuticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global lipid Market Analysis by Source
By source the market can be segmented into plant and animal. The plant-based lipid segment dominated the global lipid market. This is due to the increasing demand for plant-based products among health-conscious consumers who are looking for healthier and more sustainable alternatives to animal-based products. Plant-based lipids are generally considered to be healthier as they contain higher amounts of unsaturated fats and lower levels of saturated and trans fats. Moreover, the growing trend of veganism and vegetarianism is also driving the demand for plant-based lipids.
The animal-based lipid segment is witnessing a slower growth rate compared to plant-based lipids. This can be attributed to the negative health effects associated with the consumption of animal-based products. Saturated and trans fats, which are found in animal-based lipids, have been linked to various health issues such as heart disease, obesity, and diabetes. The increasing awareness about these health issues is driving consumers towards plant-based lipids.
Global lipid Market Analysis by Application
By Food and drink, and pharmaceuticals are two market segments that can be separated based on application. With a market share of more than 50%, the food and beverage industry dominated the global lipid market. Lipids are frequently used in the food industry for a wide range of purposes, including flavouring, baking, frying, and inclusion in processed foods and snacks. The rising demand for processed and convenience meals, particularly in emerging nations where consumers are rapidly following western eating patterns, is what is driving the demand for lipids in the food business.
The pharmaceutical industry is anticipated to expand more quickly. The increasing demand for functional foods and nutraceuticals, coupled with the growing awareness of the health benefits of omega-3 fatty acids, is driving the demand for lipids in the pharmaceutical industry. Additionally, the increasing demand for omega-3 fatty acids in the animal feed industry, particularly for aquaculture, is expected to further drive the growth of the market in the coming years.
Global Lipid Market Size By Source
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Lipid Market Regional Insights
North America dominated the global lipid market due to the increasing demand for functional foods and dietary supplements. The growing prevalence of chronic diseases and obesity has led to a rise in demand for lipid-based products, such as omega-3 fatty acids, in the region. Furthermore, the region has a well-established food and beverage industry, which is driving the growth of the lipid market.
The Asia Pacific (APAC) region is the fastest-growing market for lipids, owing to the increasing population and rising demand for food and personal care products. The region is expected to witness significant growth in the demand for lipid-based products, such as emulsifiers, in the food and beverage industry. Additionally, the growing health awareness among consumers is driving the demand for lipid-based products in the region.
Global Lipid Market By Region
- Largest
- Fastest
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Lipid Market Dynamics
Global lipid Market Drivers
Increasing demand for functional foods and dietary supplements
- One of the key drivers of the global lipid market is the increasing demand for functional foods and dietary supplements. With a growing awareness of the health benefits associated with lipid-based products, consumers are seeking out foods and supplements that are enriched with healthy lipids such as omega-3 fatty acids. This trend is particularly prominent in North America, where the prevalence of chronic diseases such as obesity has created a significant market for lipid-based products. As a result, the global lipid market is expected to continue to grow in the coming years.
Global lipid Market Restraints
Growing concern over the environmental impact
- One of the key restraints of the global lipid market is the growing concern over the environmental impact of lipid production. The production of lipids, particularly those derived from animal sources, can lead to deforestation, water pollution, and greenhouse gas emissions. As a result, there is a growing demand for sustainable and environmentally friendly production methods for lipid-based products. This is particularly prominent in Europe, where consumers are increasingly looking for products that are produced using sustainable methods. This presents a challenge for the lipid industry, as they must balance growing demand with sustainable production practices.
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Lipid Market Competitive Landscape
The global lipid market is characterized by a large number of players operating in the industry. These players compete on the basis of product innovation, pricing strategies, and distribution channels. The market is highly fragmented, with a large number of small and medium-sized players operating in the industry. Furthermore, the market is characterized by the presence of both animal-based and plant-based lipid products, providing consumers with a range of choices. As a result, companies in the industry must continually innovate and differentiate their products to remain competitive in the market.
Top Player’s Company Profiles in Global lipid Market
- Cargill Inc. (US)
- BASF SE (Germany)
- Koninklijke DSM N.V. (Netherlands)
- Croda International Plc (UK)
- Archer Daniels Midland Company (US)
- Kerry Group (Ireland)
- Wilmar International Limited (Singapore)
- Bunge Limited (US)
- AAK AB (Sweden)
- Lipofoods SLU (Spain)
- FMC Corporation (US)
- Lubrizol Corporation (US)
- Stepan Company (US)
- Corbion N.V. (Netherlands)
- Evonik Industries AG (Germany)
- IOI Corporation Berhad (Malaysia)
- Kao Corporation (Japan)
- AarhusKarlshamn AB (Sweden)
- Dupont (US)
- Sime Darby Plantation Berhad (Malaysia)
Global lipid Market Recent Developments
- In February 2024, CordenPharma International announced the launch of its new Lipid NanoParticle (LNP) Starter Kits for the formulation of messenger RNA (mRNA)-based therapeutics, such as mRNA vaccines or gene therapies.
- In February 2024, Evonik Industries AG, headquartered in Essen, Germany, entered into a significant license agreement with the University of Mainz, which is paving the way for the commercialization of a groundbreaking class of polyethylene glycols (PEGs) known as randomized polyethylene glycols (rPEGs).
- In October 2023, BIOVECTRA and Acuitas Therapeutics, Inc. announced that they have entered into a technology transfer service agreement under which BIOVECTRA will accept, on a non-exclusive basis, Acuitas’ best-in-class LNP (Lipid NanoParticle) technology platform for manufacturing mRNA-based therapeutics.
Lipid Key Market Trends
- One of the key market trends in the global lipid market is the increasing demand for plant-based lipids. As consumers become more health-conscious and environmentally aware, there is a growing preference for products that are derived from sustainable sources. Plant-based lipids, such as those derived from algae and other microorganisms, are increasingly being used in a range of applications, including food, pharmaceuticals, and personal care products. This trend is expected to continue in the coming years, as consumers increasingly prioritize health and sustainability in their purchasing decisions.
Lipid Market SkyQuest Analysis
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 by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global lipid market analysis, the market is experiencing significant growth, driven by factors such as the increasing demand for functional foods and dietary supplements, and the growing awareness of the health benefits of lipids. The market is highly competitive, with a large number of players operating in the industry, competing on the basis of product innovation and pricing strategies. However, the market is also facing challenges, such as the growing concern over the environmental impact of lipid production. Despite these challenges, the market is expected to continue to grow, driven by trends such as the increasing demand for plant-based lipids and the growing preference for sustainable products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.65 billion |
| Market size value in 2031 | USD 24.88 billion |
| Growth Rate | 6.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Lipid Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Lipid Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Lipid 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 Lipid 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Lipid Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Lipid Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
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.
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