GVR Report cover Lipid Market Size, Share & Trends Report

Lipid Market Size, Share & Trends Analysis Report By Source (Animal, Plant), By Application (Food & Beverages, Pharmaceuticals, Nutrition & Supplements), By Region, And Segment Forecasts, 2022 - 2028

  • Report ID: GVR-4-68039-930-2
  • Number of Pages: 78
  • Format: Electronic (PDF)

Report Overview

The global lipid market size was estimated at USD 7.23 billion in 2021 and is expected to expand at a CAGR of 8.8% from 2022 to 2028. Increasing demand for lipids as a nutritional supplement, coupled with rising awareness among customers to improve their health, and changing food patterns as per busy lifestyles are expected to promote the industry growth over the next few years. Additionally, the product plays an important role in chronic diseases such as arthritis, cystic fibrosis, asthma, cancer, and diabetes, which in turn is expected to drive the market and witness momentous growth during the forecast period.

U.S. lipid market size, by application, 2019 - 2028, (USD Billion)

Lipid is an organic molecule generally termed as byproducts of fatty acids and similar compounds which are manufactured from plants as well as animals. They are utilized for the applications like food & beverages, nutrition & supplements, pharmaceuticals, animal nutrition, and the personal care industry. However, in nations such as U.S., UK, Germany, and Australia, governments published a guideline to manufacture and sell the lipid products. For instance, in U.S., Food & Drug Administration (FDA) published for producing lipid products.

Due to the COVID-19 pandemic, the need for lipid-based supplements has seen substantial growth due to their health favorable properties. Furthermore, a U.S.-based pharmaceutical firm, Moderna Inc, has prolonged a deal with Corden Pharma to protect huge volumes of lipids, and utilize them to manufacture its trial COVID-19 vaccine in a bid to fulfill the growing demand for the vaccine. There has been growing emergence of novel lipids usage in the last few years that have shown incredible potential for medical as well as nutritional applications therefore, novel lipids are likely to increase in the market over the forecast period.

Lipids are a chemical substance that is recognized to be unsolvable in water, while, soluble in chloroform, alcohol as well as other non-polar cleaners. These are mostly found in several plant and animal cells along with carbohydrates and proteins. Growing awareness about the health advantages of the product, change in customer preference and shift toward a healthy lifestyle clearly affects the growth of the lipid market. Additionally, product innovations, growth in the number of applications along with increasing demand for the product in developing countries extend lucrative opportunities to the market companies over the forecast period.

During COVID 19 pandemic and lockdown condition, people are more health aware and concentrated on improving their immune systems to keep fitness. This would stop customers from being infected by the COVID-19 attack. Thus, customers have augmented their expenditure on health as well as nutritious food. Thus, the market is likely to see a positive market development rate over the forecast period.

Source Insights

Plant-based segment dominated the market and contributed to a larger share of around 60.0% in 2021 and is forecasted to grow with a higher CAGR of 9.1% from 2022 to 2028. Plant-based lipids act as an anti-inflammatory, which restricts the hardening of arteries, relieves muscle pain, and improves the physical conditions of the brain, hearts, and other body parts which became reddened, swollen, hot, and painful due to the reaction or infection. Thus, plant-based segment is expected to contribute significantly to the market.

Global lipid market share, by source, 2021, (%)

Animal-based segment captures over 40% of the market in 2021 and is forecast to grow at 8.3% from 2022 to 2028. Animal source lipids are produced from milk, eggs, and meat of animals such as chicken & turkey, beef, pork, mutton, equine, lamb, and other animals. Animal sourced lipids are naturally flavored. Animal-based lipids contain more saturated lipids thus producing high heat and last for a longer time. So this animal sources lipids segment is forecast to contribute to the market during the forecast period.

Application Insights

Food and beverage application contributed the largest market share of over 35% in 2021 and is estimated to grow with a CAGR of 8.2% from 2022 to 2028. The rising importance of lipids in the body with functional benefits is one of the major factors driving the food and beverage industry. Lipids plays important role in preparing commercial edibles to improve the smell, flavor, texture, and density of the edibles.

Nutrition & supplements application holds above 20% of the industry share in 2021 and is expected to register the fastest CAGR of 10.2% from 2022 to 2028. Increased awareness about the health and fitness among the citizens along with rising consumption of the nutrition and supplements By consumers to satisfy and maintain their nutritional intake on daily basis will drive the segment demand.

Regional Insights

Asia Pacific is forecast to account for the highest growth at 9.4% from 2022 to 2028. China and India are positively contributing to the regional. Growing population, rapidly changing lifestyles, business favorable government policies, and investments by major enterprises are major forces that are driving the market.The APAC region is expected to register a high growth rate over the forecast period, which can be attributed to the increasing demand for nutraceutical products and the growth of the pharmaceutical industry in the region. India is likely to hold the major share in the development of the lipids market in the Asia Pacific, due to the increasing demand for lipids in the nutraceutical sector.

North America market holds around 25.0% share in 2021 and is expected to grow at 8.6% from 2022 to 2028. The U.S. is positively contributing to the market. Increasing awareness about health and fitness among the citizens about the nutritious and daily food ingredients are contributing to the regional demand. As there is a large consumer base for fortified foods and dietary supplements in this area.

Key Companies & Market Share Insights

The lipid market is characterized by the presence of various well-established players and several small and medium players. In August 2020, Croda acquired Avanti Polar Lipids one of the major companies in drug delivery systems. In another instance, in May 2020, Moderna Inc. extend the agreement with CordenPharma, a pharmaceutical ingredient supplier. As per the agreement, Moderna secured the supply of a large volume of lipids to manufacture the COVID-19 vaccine. This type of initiative is anticipated to increase the implementation rate of the product between customers. The manufacturers are largely following the organic and inorganic approaches to increase their footprints all over the geography. Some of the prominent players in the global lipid market include:

  • Cargill, Incorporated.

  • BASF SE

  • Archer Daniels Midland Company (ADM)

  • Koninklijke DSM N.V.

  • Kerry

  • Nordic Naturals, Inc.

  • Clover Corporation

  • Croda International Plc

  • Lipoid Kosmetik AG

  • Omega Protein Corporation

Lipid Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 7.7 billion

Revenue forecast in 2028

USD 13.05 billion

Growth rate

CAGR of 8.8% from 2022 to 2028

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2028

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Source, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; France, U.K.; China; India; Brazil; South Africa

Key companies profiled

Cargill, Incorporated.; BASF SE; Archer Daniels Midland Company (ADM); Koninklijke DSM N.V.; Kerry; Nordic Naturals, Inc.; Clover Corporation; Croda International Plc.; Lipoid Kosmetik AG;  Omega Protein Corporation.

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segment from 2017 to 2028. For this study, Grand View Research has segmented the global lipid Market report based on source, application, and region:

  • Source Outlook (Revenue, USD Million, 2017 - 2028)

    • Animal

    • Plant

  • Application Outlook (Revenue, USD Million, 2017 - 2028)

    • Food & Beverages

    • Pharmaceuticals

    • Nutrition & Supplements

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

    • Europe

      • Germany

      • France

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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