Global lipid Market

Lipid Market Size, Share, Growth Analysis, By Source(Plant and Animal), By Application(Food and Beverages and Pharmaceuticals.) - Industry Forecast 2024-2031

Report ID: SQMIG30I2198 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 59 | Figures: 75

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Lipid Market size was valued at USD 13.65 billion in 2022 and is poised to grow from USD 14.59 billion in 2023 to USD 24.88 billion by 2031, growing at a CAGR of 6.9% during the forecast period (2024-2031).

The lipid market is characterized by a large number of players operating in the industry. These players compete on the basis of product innovation, pricing strategies, and distribution channels. The market is highly fragmented, with a large number of small and medium-sized players operating in the industry. Furthermore, the market is characterized by the presence of both animal-based and plant-based lipid products, providing consumers with a range of choices. As a result, companies in the industry must continually innovate and differentiate their products to remain competitive in the market. 'Cargill Inc. (US)', 'BASF SE (Germany)', 'Koninklijke DSM N.V. (Netherlands)', 'Croda International Plc (UK)', 'Archer Daniels Midland Company (US)', 'Kerry Group (Ireland)', 'Wilmar International Limited (Singapore)', 'Bunge Limited (US)', 'AAK AB (Sweden)', 'Lipofoods SLU (Spain)', 'FMC Corporation (US)', 'Lubrizol Corporation (US)', 'Stepan Company (US)', 'Corbion N.V. (Netherlands)', 'Evonik Industries AG (Germany)', 'IOI Corporation Berhad (Malaysia)', 'Kao Corporation (Japan)', 'AarhusKarlshamn AB (Sweden)', 'Dupont (US)', 'Sime Darby Plantation Berhad (Malaysia)'

One of the key drivers of the lipid market is the increasing demand for functional foods and dietary supplements. With a growing awareness of the health benefits associated with lipid-based products, consumers are seeking out foods and supplements that are enriched with healthy lipids such as omega-3 fatty acids. This trend is particularly prominent in North America, where the prevalence of chronic diseases such as obesity has created a significant market for lipid-based products. As a result, the lipid market is expected to continue to grow in the coming years.

One of the key market trends in the lipid market is the increasing demand for plant-based lipids. As consumers become more health-conscious and environmentally aware, there is a growing preference for products that are derived from sustainable sources. Plant-based lipids, such as those derived from algae and other microorganisms, are increasingly being used in a range of applications, including food, pharmaceuticals, and personal care products. This trend is expected to continue in the coming years, as consumers increasingly prioritize health and sustainability in their purchasing decisions.

North America dominated the lipid market due to the increasing demand for functional foods and dietary supplements. The growing prevalence of chronic diseases and obesity has led to a rise in demand for lipid-based products, such as omega-3 fatty acids, in the region. Furthermore, the region has a well-established food and beverage industry, which is driving the growth of the lipid market.

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