Global Lipid Market By Source (Animal, Plant), By Application (Food & Beverages, Pharmaceuticals, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Lipid Market Overview:

The global lipid market was valued at USD 6,937 million in 2021. It is projected to grow at a CAGR of 8.4% between 2023 and 2032.

The industry is predicted to grow due to rising demand for lipids, as well as changing lifestyles and changing food habits. The product is also important in chronic diseases like arthritis, cystic Fibrosis, asthma, and cancer. This will drive the market and see significant growth over the forecast period.

Global Lipid Market Scope:

Source Analysis

The market was dominated by the plant-based segment, which contributed to an increase of 62.2% in 2021. It is projected to grow at a 9.4% CAGR from 2023 to 2032. Plant-based lipids are anti-inflammatory. They reduce the hardening of arteries and relieve muscle pain. The market is estimated to be dominated by the plant-based segment.

The market share for animal-based products is over 43% in 2021. It is expected to grow at 8.5% between 2023 and 2032. Animal source lipids can be made from milk, eggs, meat, and other animal products, such as chicken, turkey, beef and pork, equine, and lamb. Naturally flavored animal-sourced lipids can be found. Animal-based oils are more saturated, so they produce high heat and last longer. This segment of animal-based lipids is estimated to be a major contributor to the market over the forecast period.

Application Analysis

Food and beverage applications accounted for the largest market share, with over 39% in 2021. It is expected to grow at a CAGR of 8.4% between 2023 and 2032. One of the main factors behind the growth of the food and beverage industries is the increasing importance of lipids in our bodies with their functional benefits. Preparing commercial edibles for sale involves the use of lipids to enhance the taste, texture, and density.

The industry share for nutrition & supplement applications is above 22% in 2021. It is expected to grow at a 9.8% CAGR between 2023 and 2032. The segment will be driven by rising awareness of health and fitness and increased consumption of nutrition and supplements.

Key Market Segments:

By Source

• Animal
• Plant

By Application

• Food & Beverages
• Pharmaceuticals
• Nutrition & Supplements
• Other Applications

Market Dynamics:

Lipid is an organic compound commonly referred to as a byproduct of fatty acids or similar compounds that are made from both plants and animals. They can be used in food and beverages, pharmaceuticals, personal care, animal nutrition, nutrition & supplement, and other applications.

The guidelines for the manufacture and sale of lipid products were published by governments in countries like Australia, the United Kingdom, Germany, Germany, & Australia. The U.S. FDA published guidelines for the production of lipid products.

The demand for supplements of lipid-based has increased significantly due to the COVID-19 epidemic. They are known to have many health benefits. Moderna Inc, a U.S.-based pharmaceutical company, has extended a compact with Corden Pharma in order to protect large quantities of lipids & use them to make its COVID-19 trial vaccine. This is to meet the increasing demand for vaccines. The market for novel lipids is expected to grow over the forecast period. There have been many innovations in lipids in recent years that have proven extremely useful in medical and nutritional applications.

Lipids are chemical substances that are not soluble in water. However, they can be dissolved in alcohol, chloroform, and other non-polar cleaners. They are found in many plant & animal cells, along with protein & carbohydrates.

The lipid market is growing due to increasing awareness of its health benefits, changing customer preferences, and a shift towards a healthier lifestyle. Market companies will have lucrative opportunities due to product innovation, increased demand in developing countries, and the growing number of applications.

People are aware of their health and focus on strengthening their immune system to stay healthy during the COVID 19 lockdown and pandemic. This would prevent customers being infected with the COVID-19 virus. Customers have increased their spending on healthy and nutritious food. The market will likely experience a positive rate of market development over the estimated period.

Regional Analysis

The Asia Pacific dominated the global lipids market with the largest volume share of 43.8% in 2021. The region is positively influenced by India and China. The market is being driven by a growing population, changing lifestyles, favorable government policies & investments made by large enterprises. This can be recognized by the increased demand for nutraceutical products and the expansion of the regional pharmaceutical industry. Due to growing demand in the nutraceutical industry, India will likely hold the largest share of the Asia Pacific lipids market.

North America’s market held 24.8% of the global market in 2021, & it is estimated to grow 8.3% between 2023-2032. The U.S. has a positive impact on the market. The market is being supported by a growing awareness of health & fitness in the region. This area has a large market for nutritional supplements and fortified foods.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

There are many well-established players, as well as small and medium players in the lipid market. Croda purchased Avanti Polar Lipids, one of the largest companies in drug delivery systems. Moderna Inc. extended the contract with CordenPharma in May 2020. CordenPharma is a supplier of pharmaceutical ingredients.

Moderna was able to secure large quantities of lipids for the production of the COVID-19 vaccine, as per the agreement. This initiative will increase the number of customers who can implement the product. To expand their reach across the globe, the manufacturers are following both organic and inorganic strategies. The following are some of the major players in the global market for lipids:

Market Key Players:

• Cargill, Incorporated.
• BASF SE
• Archer Daniels Midland Company (ADM)
• Koninklijke DSM N.V.
• Kerry
• Nordic Naturals, Inc.
• Clover Corporation
• Croda International Plc
• Lipoid Kosmetik AG
• Other Key Players

For the Lipid Market research study, the following years have been considered to estimate the market size: