Europe Lipid Ingredients Market

Europe Lipid Ingredients Market Size, Share, Growth Analysis, By Source(Plants (Vegetable Oil, Nuts Oil), By Application(Skincare products, Haircare products), By Phase(Clinical, Pre-clinical), By Product(Ionizable Lipids (Lipid Nano Particles), Triglycerides) - Industry Forecast 2024-2031

Report ID: SQMIR30B2040 | Region: Regional | Published Date: February, 2024
Pages: 260 | Tables: 124 | Figures: 62

Europe Lipid Ingredients Market Insights

Europe Lipid Ingredients Market was valued at USD 2.76 billion in 2019, and USD 2.92 Billion in 2019 and it is expected to reach a value of USD 3.88 billion by 2031, at a CAGR of more than 3.9% over the forecast period (2024-2031).

Lipids are regarded a key element in the creation of dietary supplements owing to their high quantity of energy and fat-soluble vitamins. People's growing concern for their health as a result of the COVID-19 has increased demand for dietary supplements all across the world. Furthermore, the availability of nutritional supplements in a variety of forms and tastes has made it more socially acceptable among individuals of all ages. Growing dietary supplement intake is predicted to enhance lipid demand in the coming years. Lipids are a critical component in the creation of COVID-19 mRNA-based vaccines. Massive demand for it in the development of COVID-19 vaccinations for the worldwide population has forced manufacturers to increase lipid output.

Rapid population growth in Europe, is predicted to drive demand for products such as pharmaceuticals and healthcare, dietary supplements, functional food, functional drinks, cosmetics and personal care, and others. The high amount of omega 3 and omega 6 in lipids is the fundamental reason for its widespread usage in food and beverage products. Rising global costs for fatty acids and other raw materials operate as a barrier to global market expansion. These price changes are a result of the COVID-19 and the current geopolitical crisis in Europe.

Europe Lipid Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.

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Europe Lipid Ingredients Market was valued at USD 2.76 billion in 2019, and USD 2.92 Billion in 2019 and it is expected to reach a value of USD 3.88 billion by 2031, at a CAGR of more than 3.9% over the forecast period (2024-2031).

Due to the rising population, lipid ingredient producers are partnering with other market participants to improve production capacity. Manufacturers are developing cutting-edge technology to boost lipid ingredients manufacturing capacity. Key companies are investing in launching lipid-based organic products to fulfil the consumer demand for healthy products. 'BASF SE (Germany)', 'Croda International PLC (U.K.)', 'Merck Group (Germany)', 'Lipoid GmbH (Germany)', 'Polaris (France)'

The increased consumer awareness of the need for a healthy diet will assist the European lipid ingredients market growth. The rising demand for Omega-3 components as a consequence of public awareness of their benefits enables manufacturers to provide good nourishment to clients. Omega-3 fatty acids are also beneficial to the heart, metabolism, and brain. Omega-6 fats are essential because they provide energy to the body. Both omega-3 and omega-6 fatty acids are necessary components of cell membranes and aid in the regulation of blood pressure and other conditions. Furthermore, omega-3 and omega-6 fatty acids have anti-inflammatory properties and may help to prevent heart disease. As a result of these factors, the European lipid ingredients market is expected to expand.

The growing preference for vegetable oils over mineral oils in cosmetics is a notable trend in the cosmetic oil industry. This trend is most likely to stimulate demand for vegetable oils from cosmetics goods throughout the forecast period. This is mostly because mineral oils are derived from a non-renewable resource that is not sustainable and cannot be used in cosmetic products indefinitely owing to environmental impact. Mineral oil, meanwhile, is thought to be impure, carrying pollutants and even carcinogens. Because of widespread hostility to mineral oil, a shift toward the use of vegetable oils in cosmetics has occurred.

The Europe Lipid Ingredients market is divided into Germany, France, UK, Russia, and Italy.

Europe Lipid Ingredients Market was valued at USD 2.76 billion in 2019, and USD 2.92 Billion in 2019 and it is expected to reach a value of USD 3.88 billion by 2031, at a CAGR of more than 3.9% over the forecast period (2024-2031).

Due to the rising population, lipid ingredient producers are partnering with other market participants to improve production capacity. Manufacturers are developing cutting-edge technology to boost lipid ingredients manufacturing capacity. Key companies are investing in launching lipid-based organic products to fulfil the consumer demand for healthy products. 'BASF SE (Germany)', 'Croda International PLC (U.K.)', 'Merck Group (Germany)', 'Lipoid GmbH (Germany)', 'Polaris (France)'

The increased consumer awareness of the need for a healthy diet will assist the European lipid ingredients market growth. The rising demand for Omega-3 components as a consequence of public awareness of their benefits enables manufacturers to provide good nourishment to clients. Omega-3 fatty acids are also beneficial to the heart, metabolism, and brain. Omega-6 fats are essential because they provide energy to the body. Both omega-3 and omega-6 fatty acids are necessary components of cell membranes and aid in the regulation of blood pressure and other conditions. Furthermore, omega-3 and omega-6 fatty acids have anti-inflammatory properties and may help to prevent heart disease. As a result of these factors, the European lipid ingredients market is expected to expand.

Growing Preference for Vegetable Oil: The growing preference for vegetable oils over mineral oils in cosmetics is a notable trend in the cosmetic oil industry. This trend is most likely to stimulate demand for vegetable oils from cosmetics goods throughout the forecast period. This is mostly because mineral oils are derived from a non-renewable resource that is not sustainable and cannot be used in cosmetic products indefinitely owing to environmental impact. Mineral oil, meanwhile, is thought to be impure, carrying pollutants and even carcinogens. Because of widespread hostility to mineral oil, a shift toward the use of vegetable oils in cosmetics has occurred.

The Europe Lipid Ingredients market is divided into Germany, France, UK, Russia, and Italy. Germany is expected to hold the highest proportion of the European cosmetic lipid components market in 2021. The country's dominant position is largely due to the largest cosmetics consumer market in Europe as well as key manufacturing hubs for conventional and natural cosmetics. Beiersdorf, for example, is the most major cosmetics manufacturer. Lavera, Logona (L'Oréal), Dr. Hauschka, and Primavera Life are examples of well-known natural and organic cosmetics brands. Weleda, a Swiss natural cosmetics manufacturer, also operates a production site in Germany.

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