USD 13.3 Billion
Report ID: SQSG30I2036 | Region: Global | Published Date: November, 2022 | Pages: 157
Global Lipids in Human Nutrition Market was valued at USD 13.3 Billion in 2021, and it is expected to reach a value of USD 19.2 Billion by 2028, at a CAGR of 5.9% over the forecast period (2022-2028).
Increasing demand for lipids as a nutritional supplement, as well as increased customer awareness to enhance their health and changing dietary habits due to busy lives, are likely to drive industry growth in the next years. Furthermore, the product is vital in chronic illnesses such as cancer, arthritis, asthma, cystic fibrosis, and diabetes, which is projected to drive the market and show a significant rise throughout the forecast period.
Lipids are chemical molecules that are by-products of the production of fatty acids and related substances from both plants and animals. They are used in applications such as food and drinks, nutrition and supplements, medicines, animal nutrition, and personal care. Governments in UK, US, Germany, and Australia, on the other hand, have set guidelines for the production and sale of lipid products. For example, in the United States, the Food and Drug Administration (FDA) developed guidelines for manufacturing lipid products.
Owing to the COVID-19 pandemic, the demand for lipid-based supplements has increased significantly due to their health-promoting qualities. Furthermore, Moderna Inc., a pharmaceutical company located in the United States, has extended a contract with Corden Pharma to safeguard large quantities of lipids and use them to make its trial COVID-19 vaccine to meet the rising demand for the vaccine. In recent years, there has been a surge in the use of new lipids, which have demonstrated remarkable promise for medicinal and nutritional applications. As a result, novel lipids are expected to rise in the market throughout the projection period.
Global Market Size
USD 13.3 Billion
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The Global Lipids in Human Nutrition Market is segmented based on Type, Application, and Region. Based on the Type, the Market are segmented as Triglycerides, Phospholipids, and Others. Based on the Application, the Market is segmented as Dietary Supplements, Functional Nutrition, Sports Nutrition, and Infant Nutrition. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Type
In terms of type, triglycerides dominated the global lipids market in 2021 with market revenue and volume share of more than 50% followed by Phospholipids. Triacylglycerol is the most common kind of dietary lipid found in fats and oils obtained from plants or animals. The global expansion of the pharmaceutical business is leading to an increase in the number of laws to control medication quality and efficacy. Regulatory authorities and organizations play an important part in satisfying the legal requirements of a country's drug development process.
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From 2022 to 2028, Asia Pacific is expected to have the fastest growth rate. China and India are making good contributions to the area. Growing population, quickly changing lifestyles, business-friendly government regulations, and investments by big corporations are important elements propelling the industry. The APAC region is predicted to develop at a rapid pace during the forecast period, owing to rising demand for nutraceutical goods and the expansion of the area's pharmaceutical industry. Because of the rising demand for lipids in the nutraceutical industry, India is expected to dominate the development of the Asia Pacific lipids market.
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Growing knowledge of lipids' outstanding functional characteristics
Costs of raw materials and technologies are rising.
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Owing to their enormous global reach and dependable distributed systems, the industry's main key players dominate the global lipids in human nutrition market. To withstand the rivalry, these firms focus on various business methods such as creating long-term supply deals with many distribution channels. Significant corporations have increasingly concentrated on entering Southeast Asian markets in recent years due to the availability of a target client base in the region.
Top Player's Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Our Market Analysis, the lipids in human nutrition market is distinguished by the presence of numerous well-established businesses as well as several small and medium-sized players. Manufacturers are mostly using organic and inorganic techniques to expand their footprints around the globe. Manufacturers' primary tactics for increasing product sales in different geographies include acquisitions, strategic alliances, new launches, expansion, agreements, and research sponsorship.
|Market size value in Human||USD 13.3 Billion|
|Market size value in 2028||USD 19.2 Billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Lipids In Human Nutrition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Lipids In Human Nutrition Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG30I2036