Lipid Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Lipid Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Global Lipid Market is predicted to be worth US$ 21.71 Billion by 2030, as per Renub Research. Lipids are numerous natural compounds that can be not soluble in water but soluble in nonpolar solvents. This group includes fats, oils, phospholipids, sterols, and waxes. Lipids are vital for lifestyles and serve multiple capabilities, which include energy storage, cell membranes' structural components, insulation, and signaling molecules. Lipids are also critical for business food, pharmaceutical, and cosmetics applications. With increasing emphasis on health and sustainability, a growing demand for lipid-based merchandise sourced from plants displays evolving consumer alternatives.

Global Lipid Market is expected to develop at a Compound Annual Growth Rate of 6.78% from 2024 to 2030

The boom in the lipid market is propelled by growing purchaser awareness of the significance of wholesome fat and oils, fostering demand for lipid-rich meals and dietary supplements. This trend aligns with shifting nutritional possibilities towards plant-based diets and valuable foods, driving the popularity of lipid products sourced from nuts, seeds, and avocados. The rising demand for purposeful lipids, especially those with fitness benefits like omega-three fatty acids for heart fitness, is on the ascent. Moreover, lipids find full-size use across various industries, including food, prescription drugs, cosmetics, and biofuels, further contributing to the market's usual enlargement. So, the value of the global lipid market was US$ 13.72 Billion in 2023.

Growing customer consciousness on sustainability drives demand for lipids and renewable oils from sources like algae or jatropha. Government policies marketing healthy fat and bio-based oils indirectly assist the market boom. Factors like nearby fat availability, food behavior, and training stages affect critical fat intake in the rapidly developing Asia-Pacific area. For instance, urbanization and lifestyle modifications in Bangladesh contribute to higher fat consumption in city areas, indicating speedy market growth.

Triglycerides, an essential aspect of dietary fats and oils, are witnessing growth in the international lipids market

By product, the global lipid market is fragmented into Triglycerides, Phospholipids, Sphingolipids, Ionizable Lipids, and Others. Triglycerides are popular in the lipid market. The surge is because of a growing customer base searching for healthier meal options and purposeful components. They are essential in offering strength, taste, and texture to numerous food products, thus maintaining significance in the food section. Furthermore, the growing occurrence of chronic illnesses consisting of weight problems and cardiovascular issues has initiated a shift in the direction of healthier fats, driving demand for triglycerides sourced from plant-based oils and other alternatives.

Phospholipids play a crucial position in the lipids market

By type, the global lipid market is categorized into Omega-3 and Omega-6, Phospholipids, Medium Chain Triglycerides, and Sterols. Phospholipids are experiencing an increase in the lipid market. Essential cell membrane additives contribute to structural integrity and cell structure. Also, phospholipids are applied in numerous industries, including food, prescribed drugs, and cosmetics, to combine and stabilize. With growing customer consciousness of health and well-being, the demand for products enriched with phospholipids is rising, propelling their increase in the market.

Plant-based sources are gaining popularity in the global lipids market by devising customer alternatives for sustainable and healthier options

The global lipid market is segmented by source into Animal and Plant. Plant-based sources are growing in the global lipid market due to increasing consumer demand for healthier and sustainable alternatives. These sources offer dietary benefits, including essential fatty acids and advanced flavor and texture. Consumers are increasingly privy to the health benefits of plant-based lipids. Moreover, the developing emphasis on sustainability drives the choice for plant-based alternatives, which regularly have lower environmental influences than traditional lipid assets.

Growing consumer choices and enterprise trends will boost the lipids market in food and beverage applications

By application, the global lipid market is broken up into Food & Beverages, Pharmaceuticals, Nutrition & Supplements, and Others. The food and beverages segment is set for extensive enlargement in the international lipids market. Lipids enhance flavor, texture, and mouthfeel in diverse food products, contributing to their desirability. As fitness-aware customers search for functional and nutritious ingredients, lipids derived from sources like plant-based oils align with those wishes. Moreover, the developing reputation of comfort ingredients and processed systems similarly propels the demand for lipids, as they are critical to the appliance of those products.

The Asia-Pacific is anticipated to witness significant expansion in the global lipids market

By countries, the global lipid market is divided into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand), Latin America (Brazil, Mexico, Argentina), Middle East & Africa (South Africa, Saudi Arabia, and UAE). Rapid urbanization, population growth, and growing disposable earnings in countries like China and India fuel better consumption of fat and oils. Moreover, changing nutritional choices toward convenience foods and processed items contributes to the growing demand for lipid-based products. Furthermore, the region's rich biodiversity offers considerable resources of plant-based oils, meeting the developing preference for sustainable and natural components. Government tasks promoting healthy fats and favorable regulatory guidelines also stimulate market increase, positioning Asia-Pacific as a critical player in the worldwide growth of the lipids market.

Key Players

The global lipid market includes companies such as NOF Corporation, Stepan Company, Archer Daniels Midland, Cargill, Kerry Group, BASF AG, Merck KGaA, and Koninklijke DSM N.V.

In April 2023 - DSM announced a partnership with Nutreco to develop sustainable aquafeed sustainable solutions using algae-based omega-3 fatty acids.
In March 2023 - Cargill announced the launch of its new line of plant-based meat alternatives made from pea protein.

Renub Research report titled “Global Lipid Market By Product (Triglycerides, Phospholipids, Sphingolipids, Ionizable Lipids, and Others), Types (Omega-3 and Omega-6, Phospholipids, Medium Chain Triglycerides, and Sterols), Source (Animal, and Plant), Application (Food & Beverages, Pharmaceuticals, Nutrition & Supplements, and Others), Countries (North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherland, Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand), Latin America (Brazil, Mexico, Argentina), Middle East & Africa (South Africa, Saudi Arabia, and UAE)), Company Analysis (NOF Corporation, Stepan Company, Archer Daniels Midland, Cargill, Kerry Group, BASF AG, Merck KGaA, and Koninklijke DSM N.V.)"" provides a complete study of Global Lipid Industry.

Product – Global Lipid Market breakup in 5 viewpoints:

1. Triglycerides
2. Phospholipids
3. Sphingolipids
4. Ionizable Lipids
5. Others

Types – Global Lipid Market breakup in 4 viewpoints:

1. Omega-3 and Omega-6
2. Phospholipids
3. Medium Chain Triglycerides
4. Sterols

Sources – Global Lipid Market breakup in 2 viewpoints:

1. Animal
2. Plant

Application – Global Lipid Market breakup in 4 viewpoints:

1. Food & Beverages
2. Pharmaceuticals
3. Nutrition & Supplements
4. Others

Countries – Global Lipid Market breakup in 5 viewpoints:

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue Analysis

Company Analysis:

1. NOF Corporation
2. Stepan Company
3. Archer Daniels Midland
4. Cargill
5. Kerry Group
6. BASF AG
7. Merck KGaA
8. Koninklijke DSM N.V.