Lipid Market Outlook 2031
The Lipid Market size was USD 13.63 Billion in 2022 and is likely to reach USD 24.85 Billion by 2031, expanding at a CAGR of 6.9% during 2023–2031.The growth of the market is attributed to the rising demand for nutritional lipids and expanding commercialization of the lipid market.
USDA declares that approximately half of the population in the North America spreads diet-related chronic disease such as cancer, heart disease, diabetes, stroke, and arteriosclerosis, which are the foremost causes of death in the region.
Chronic diseases are considered responsible for almost 60% of all deaths globally in 2017. Lipids play a significant role in genetic modification as well as reduce the risk of chronic disease .The primary application of lipids based supplements is to bring down the risk of chronic diseases such as heart disease, cancer and obesity, therefore, consumers have become more health conscious and are looking forward to lipid-based products.
The Covid-19 pandemic had both favourable and unpleasant impact on the lipid market. Several health beneficial proprieties of lipid-based supplements are leading to its rising demand. On the other hand it leads to market disruption and inconsistent supply chain; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Lipid Market Trends, Drivers, Restraints, and Opportunities
- Rising prevalence of chronic diseases, increasing application in infant formulas and dietary supplements, growing need to meet nutritional requirements of an aging population, changing food landscape are anticipated to boost the demand for lipid-based supplements and expansion of market during the fore cast period.
- Growing threat of Obesity and overweight are expected to spur the market expansion in coming years.
- Rising emergence of novel lipids in recent times have displayed tremendous potential for nutritional and medical applications therefore, novel lipids are projected to propel the market in the near future
- The rising awareness among consumers of the health benefits of lipids is the key factor which is anticipated to spur the growth of the market in coming years.
- R&D investment and technological advancement in lipid market are expected to offer lucrative opportunities for the market players.
Scope of The Lipid Market Report
The report on the global lipid market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Lipid Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Product Type (Omega 3 & Omega 6, Medium-Chain Triglycerides (MCTs) and Others) Application (Food & Beverage, Nutrition & Supplements, Feed and Pharmaceuticals)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Archer Daniels Midland, Avanti Polar Lipids, Cargill Incorporated, DuPont, LIPOID, Lasenor, Emul, Lecico, Royal DSM, Ruchi Soya Industries, Stern-Wywiol Gruppe, Unimills and ÂVav Life Sciences
Lipid Market Segment Insights
The omega 3 & omega 6 segment is projected to constitute a large market share
Based on product type, the lipid market is segregated into omega 3 & omega 6, medium-chain triglycerides (MCTs) and others. The omega 3 & omega 6 segments is expected to account for a key share of the market during the forecast period owing to its significant components of cell membranes and are precursors to various substances in the body including those involved in regulation of blood pressure and inflammatory responses.
Food & beverage segment is expected to register a substantial CAGR
Based on application, the lipid market is divided into food & beverage, nutrition & supplements, feed and pharmaceuticals. The food & beverage segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to the increasing number of functional benefits along with health benefits upsurge the usage of lipids as additives.
They are used to improve aspects of food such as emulsification, flavor, density, texture, and hydrogenation. They act as good flavor carrier delivering taste and also improve the smell of products.
Asia Pacific is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to expand at a robust CAGR during the forecast period. High availability of plant and marine lipid sources in this region is anticipated to boost the market growth over the coming years.
The global lipid market has been segmented on the basis of:-
- Omega 3 & Omega 6
- Medium-Chain Triglycerides (MCTs)
- Food & Beverage
- Nutrition & Supplements
- Feed and Pharmaceuticals
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Archer Daniels Midland
- Avanti Polar Lipids
- Cargill Incorporated
- Lasenor Emul
- Royal DSM
- Ruchi Soya Industries
- Stern-Wywiol Gruppe
- ÂVav Life Sciences
Key players competing in the global lipid market include Archer Daniels Midland, Avanti Polar Lipids, Cargill Incorporated, DuPont, LIPOID, Lasenor, Emul, Lecico, Royal DSM, Ruchi Soya Industries, Stern-Wywiol Gruppe, Unimills and ÂVav Life Sciences. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.