Global Lipids Market Share Likely to Surpass At a CAGR of 6.7% By 2033

According to Custom Market Insights (CMI), The Global Lipids Market Size was valued at USD 11.7 billion in 2021 and is estimated to reach USD 23.15 billion by the end of 2030 at a CAGR of approximately 6.7% during the forecast period 2022-2030.

The lipids are major cell compositions, which are substantial and adaptable substances. The body’s cell membrane is mostly lipid molecules, followed by proteins and carbohydrates. Most of the time, lipids are insoluble in water, but they are quite soluble in organic solvents like benzene, ethanol, etc.

The lipid moieties have important bodily roles, such as energy storage, chemical signaling, fundamental cell components that offer structural support, chemical integration, etc. Lipid is primarily responsible for the cell’s quasi-fluid state, which facilitates cell-to-cell communication. The lipid-based cell membrane controls the movement of several chemicals, including ions, vitamins, water, and other solvents.

Browse the full “Lipids Market Size, Trends and Insights By Type (Sphingomyelin, Glycerophospholipid, Cholesterol, Monoglycerols, Diacylglycerols, Fatty Acids), By Source (Plant source, Animal source), By Application (Food & Beverage, Nutrition & Supplement, Personal Care & Cosmetics, Pharmaceuticals, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/global-lipids-market/

Lipids Market Dynamics

Drivers

The rising demand for lipid superfoods drives the market’s growth.

Obesity is one of several health-related issues brought on by sedentary lifestyles and rapid urbanization. A considerable demand for nutritional lipids has arisen due to public health concerns. Aside from that, the lipids’ density, hydrogenation, and emulsification qualities make it possible to employ them as synthetic flavoring carriers that could keep the flavor and aroma of the final product.

The increased demand for lipids in the cosmetics industry fuels market expansion

One of the most important ingredients in cosmetics is lipids. The lipids are preferable substitutes for chemical-based elements that may otherwise trigger allergies and skin rashes. However, the lipids are naturally sourced from plant extracts. Wax, glycerophospholipids, triglycerides, sterols, ceramides, and other lipids are among the lipid types utilized in cosmetics.

Restraints 

The factors, including allergy or unsuitability, along with certain medical conditions, can restrict the consumption of lipid nutrients and hamper their market growth. The rise in competition among raw material suppliers, sustainable issues, problems related to fisheries, and lower catch quotas, impede market growth. The fluctuating cost associated with the technology and the increase in competition for raw materials is likely to impede the market growth over the forecast period.

Opportunities

The increased applications associated with infant formulas and the rapid emergence of dietary supplements will likely provide huge opportunities for lipid market growth. These supportive factors will help various industries flourish across different regions during the forecast period. Apart from that, the availability of prominent raw material sources provides ample opportunities for market growth.

The rapid demand for customized lipids from the pharmaceutical and food industries has become the reason for industrial expansion, which also provides opportunities for market growth.

Challenges 

The lack of proper research and development activities leading to the gap in knowledge and research is a major challenge that could restrict the usage of lipid nutraceuticals, which is ultimately a challenging aspect for the growth of the lipids market. The complex composition of the derivatives makes them difficult to produce, which can be challenging for the market. The lack of knowledge regarding the proper consumption of lipid nutrients can challenge the lipid market.

Market Highlights 

According to product type, glycerophospholipid acquired over 81% market share in 2021. The expansion of the consumer base and the change in preference brought on by increased health awareness are responsible for the market’s growth. The usage and consumption of natural products with superior quality, herbal ingredients, and better flavors are preferred by many consumers.

According to the source, the plant-based segment, which owned 61% of the market share, had the largest share in 2021. A wide range of plant-based foodstuffs, such as avocados, olives, dark chocolate, broccoli, etc., naturally contains lipids. Plant-based foods include healthy fats that give the body energy and muscular strength. The anti-inflammatory properties of plant-based sources also help to improve heart health.

Regarding application, the food & beverage segment held the major market share in 2021, accounting for 55% of the global lipids market. A significant market driver throughout the food industry is the rise in the consumption of fatty nutrients per body requirements. The market for lipids tends to expand due to the widespread consumption of lipid-based nutrients, genetically modified foods, and lipid-based pharmaceuticals.

Regional Snapshots

The Asia-Pacific region held a 43.7% market share in 2021, which dominated the market. The market expansion in these regions can be linked to a rise in public awareness of the importance of nutrition, particularly for women and young children.

The market growth in APAC regions is enhanced by lipid-based nutrition; there is a huge consumer base for nutritional lipids. China is an Asia-leading Pacific supplier of lipids to the market. In addition to China, India has a sizable potential market for lipid-based food.

The growth of various businesses, including those in China, India, and the food and beverage sectors, as well as the cosmetic and personal care sectors, drives demand for lipid-based compounds in the region.

Report Scope

Key  Players

• DSM (Netherlands)
• Polaris (France)
• ADM (U.S.)
• Stepan Company (U.S.)
• BASF SE (Germany)
• Solutex GC (Spain)
• Smith & Zoon (Netherlands)
• FMC Corporation (U.S.)
• Pharma Marine AS (Norway)
• Croda International Plc (U.K.)
• Cargill, Incorporated (U.S.)
• Aker Bio Marine (Norway)
• Clover Corporation (Australia)
• Omega Protein Corporation (U.S.)
• Lonza Group AG (Switzerland)

Recent Developments

• With a market value of USD 200 million, Royal DSM and Evonik collaborated in July 2019 to produce omega-3 sources. The marine algae that retain the lipid’s many nutritious qualities are derived from the ocean.
• In 2018, the Archer Daniels Midland Company announced plans to acquire the savory organic flavor manufacturer Item Foods. The company’s product line would probably grow due to the acquisition.

Market segments covered in the report

By Type

• Sphingomyelin
• Glycerophospholipid
• Cholesterol
• Monoglycerols
• Diacylglycerols
• Fatty Acids

By Source

• Plant source
• Animal source

By Application

• Food & Beverage
• Nutrition & Supplement
• Personal Care & Cosmetics
• Pharmaceuticals
• Others

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America