Lipid Market Size, Share & Trends Report

Lipid Market Size, Share & Trends Analysis Report By Application (Pharmaceutical, Food & Beverage), By Product (Triglycerides, Phospholipids), By Phase (Clinical, Pre-clinical), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68039-930-2
  • Number of Pages: 150
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the lipid market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for lipid market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of lipid market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Lipid Market Categorization:

The lipid market was categorized into four segments, namely product (Ionizable Lipids, Triglycerides, Sphingolipids, Phospholipids), phase (Clinical, Pre-clinical), application (Pharmaceuticals, Nutrition & Supplements, Food & Beverages), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The lipid market was segmented into product, phase, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The lipid market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-nine countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Spain; Italy; Belgium; Russia; Turkey; China; India; Japan; Australia; Indonesia; Thailand; Philippines; Malaysia; Vietnam; South Korea; Brazil; Argentina; Colombia; Saudi Arabia; South Africa; UAE; Egypt; Nigeria.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Lipid market companies & financials:

The lipid market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Evonik Industries AG - Evonik Industries AG is a Germany-based chemical manufacturer. It primarily produces and distributes specialty chemicals. The company is recognized as the second-largest chemical manufacturer in Germany. The company recorded total chemical sales worth USD 14.95 billion in 2021. The prime focus of Evonik Industries AG is to provide innovative and sustainable chemicals to its global customers. It offers a range of chemicals for use in the construction, food & beverages, pharmaceuticals, and automotive industries.

  • Precision NanoSystems - Precision NanoSystems is a technology-driven company, which offers services and solutions related to lipid nanoparticle genomic medicines. It mainly caters to the requirements of biopharma companies engaged in the formulation of genomic medicines for the treatment of cancer, infectious diseases, and rare illnesses. The company was founded in 2010. As of 2021, it had installed over 700 systems for nanoparticle genomic medicines worldwide.

  • Merck KGaA - Merck KGaA is a Germany-based multinational manufacturer of products used in the pharmaceutical, life sciences, and chemical sectors. It has a presence in over 66 countries across the world. The company had approximately 60,000 employees in 2021.

  • Genevant Sciences - Genevant Sciences is a nucleic acid delivery firm with top-class platforms, which are focused on the formulation of lipid nanoparticles (LNP). The company is headquartered in the U.S. and operates in Canada and Switzerland as well. Genevant Sciences generated revenue of USD 17 million in 2021. It had 45 workers as of 2021. The company collaborates with leading pharmaceutical and drug development firms and provides them with sustainable solutions based on its extensive research and development activities.

  • Exelead - Exelead is a U.S.-based manufacturer of chemicals and pharmaceuticals. The company offers its products to the pharmaceutical and drug development companies such as Genevant Sciences, Takeda, and Provectus Biopharmaceuticals Inc.  It operates through a 56,000- square feet manufacturing unit in Indiana in the U.S. Exelead had 125 employees in 2021. The product portfolio of the company includes lipid nanoparticles, liposomal complexes, PEGylated molecules, small molecules, proteins, antibiotics, and others.

  • Avanti Polar Lipids - Avanti Polar Lipids is a U.S.-based company, which offers a range of lipids such as phospholipids, sphingolipids, and sterols. It operates through an 80,000-square feet production site comprising ten buildings of the company in Alabama, U.S. Avanti Polar Lipids had approximately 200 employees in 2021.

  • Nippon Fine Chemicals Co. Ltd. - Nippon Fine Chemicals Co. Ltd. is a Japan-based chemical manufacturer, which focuses on the production of fine chemicals. It offers cosmetic ingredients, lanolin cholesterol, lipids, fine chemicals, functional coatings, and amide to its customers. Nippon Fine Chemicals Co. Ltd. had approximately 370 employees in 2021. The company produces high-quality phospholipids, which are extensively used by pharmaceutical companies across the world. It generated revenue of USD 68.6 million in 2021.

  • Lipoid GmbH - Lipoid GmbH is one of the leading manufacturers of world-class botanical extracts and phospholipids for the cosmetics and pharmaceuticals industries in the world. It is also recognized as the only manufacturer and supplier of high-quality synthetic phospholipids in the world.Lipoid GmbH operates through three business segments, namely, pharmaceuticals, health nutrition, and cosmetics. The company offers natural phospholipids, synthetic phospholipids, cationic lipids, etc. It has operations in Germany, France, Switzerland, the U.S, Canada, Mexico, Russia, South Korea, and China.

  • Cargill, Incorporated - Cargill, Incorporated is a U.S.-based privately held manufacturer of chemicals, food items, and industrial products. It has over 150 years of experience in serving quality chemical products across the world. The company is operational in 70 countries worldwide. It had approximately 150,000 employees in 2021. The company offers phospholipids that are consumed by pharmaceutical companies worldwide. Phospholipids offered by Cargill are sold as solid dosage, liquid dosage, and oral nutrition supplements.

  • BASF SE - BASF SE was founded in 1865 and is headquartered in Ludwigshafen, Germany. It has 13 operating divisions and 84 sub-business units functional across the world. The company consists of six business segments, namely, chemicals, materials, agricultural solutions, industrial solutions, nutrition & care products, and surface technologies

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Lipid Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Lipid Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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