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Report Overview
The global lipid market size reached around USD 14.31 Billion in 2023. The market is projected to grow at a CAGR of 6.50% between 2024 and 2032 to reach nearly USD 25.22 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- By 2027, medicine usage is expected to reach around 3.4 trillion doses, thereby influencing the demand for lipid market.
- The demand for novel vaccines is expected to reach USD 500 billion by 2027.
- As per industry reports, total food and beverage sales of brands claiming AHA heart health benefits reached USD 3.4 billion.
Global Lipid Market Growth
The global demand for medicines is expected to grow at a rate of around 3% and reach a size of nearly USD 1.9 trillion by 2027. Over the past decade, medicine use has surged by 36% and is expected to rise further by 8% by 2027. Due to increasing population growth and rising medicine access, the Asia Pacific, Latin America, and the African region are expected to witness a surge in demand for medicines, thereby driving lipid market development.
As per the market analysis, speciality medicines are expected to constitute a 43% share in global pharmaceutical spending, while accounting for 56% of all medicine expenditure in developed countries. By 2027, the overall global spending on making of cancer drugs can rise to USD 370 million due to growing technological advancements in drug discovery and the use of AI tools. Moreover, expenditure on biotechnology is expected to constitute a 35% share in manufacturing medicines. This is expected to favourably shape the lipid market outlook over the forecast period.
Moreover, lipid-based skincare products are garnering increasing consumer appeal since they promote cell regeneration and repair damaged skin. They also protect the skin from allergens and irritants and minimise the risk of sensitivity and inflammation. Lipids are also extensively used in anti-ageing skincare creams, which is expected to drive market revenue.
Compound Annual Growth Rate
Value in USD Billion
6.5%
2024-2032
Lipid Market Outlook
*this image is indicative*
Key Trends and Developments
Technological advancements; increasing health awareness among consumers; growing demand for industrial lubricants; and rising demand for skincare products are major factors favouring the lipid market growth.
Technological advancements
Evolving methods of lipid extraction and processing, including supercritical fluid extraction, microwave-assisted extraction, and enzyme-assisted extraction are expected to facilitate the lipid market expansion over the forecast period.
Increasing health awareness among consumers
Lipid-based food products (including dietary supplements, cooking oils, and functional foods) are expected to witness a surge in demand, since they facilitate hormone production and energy storage within the human body.
Growing demand for industrial lubricants
European laws has mandated that the average carbon emissions of new vehicle fleets in 2025 should be 15% lower than the 2021 levels. This is increasing the demand for low-viscosity engine oils and is hence driving the lipid market value.
Rising demand for skincare products
Lipids have essential hydrogenation and emulsification properties which improve the absorption rate of active ingredients within skin and helps restore the skin’s natural barrier. This is expected to fuel the market development.
Global Lipid Market Trends
Due to the increasing awareness of maintaining good health among consumers, the sale of functional food products is expected to rise steadily. For instance, in 2021, the total sales of functional foods and beverages recorded a year-on-year surge of 6.8% in the United States and reached USD 83 billion. This has also fuelled lipid market growth. As per the Food Industry Association of the United States, 75% of the millennial and Gen Z population prefers buying food with specific functional benefits. This is expected to increase the incorporation of healthy lipids into food products, thereby driving market development.
Global Lipid Industry Segmentation
The EMR’s report titled “Global Lipid Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Product
- Ionizable Lipids
- Triglycerides
- Sphingolipids
- Phospholipids
- Others
Breakup by Phase
- Clinical Phase
- Pre-Clinical Phase
- Others
Breakup by Application
- Pharmaceuticals
- Nutrition & Supplements
- Food & Beverages
- Others
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Lipid Market Share
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period, the Asia Pacific is expected to grow at a CAGR of 7.3% because of rapid population growth and the increasing demand for functional foods. The shift towards sustainable beauty products is also expected to increase the demand for lipid-based products, thereby driving market growth. Europe is also growing at a significant CAGR of 5.7%.
Leading Companies in the Lipid Market
Major players are expanding their production facilities to increase their lipid market share and to cater to the increasing demand for lipids from healthcare and food and beverage industry.
Nippon Fine Chemical Co., Ltd.
Nippon Fine Chemical Co., Ltd. was founded in February 1918 and is headquartered in Osaka, Japan. It is engaged in manufacturing cosmetic ingredients, fine chemicals, and industrial chemicals.
Nordic Naturals
Nordic Naturals was founded in 1995 and is headquartered in California, United States. It is a health and well...
Lipoid GmbH
Lipoid GmbH was founded in 1997 and is headquartered in Ludwigshafen, Rheinland-Pfalz. As per lipid market ana...
Cayman Chemical Company
Cayman Chemical Company was founded in 1980 and is headquartered in Michigan, United States. It is a biotechno...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the lipid market report are Evonik Industries AG, Merck KGaA, Epax, Kerry Group plc, Cargill, Incorporated, and Croda International Plc, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 14.31 Billion.
The market is projected to grow at a CAGR of 6.50% between 2024 and 2032.
Key trends favouring the market growth include technological advancements; increasing health awareness among consumers; growing demand for industrial lubricants; and rising demand for skincare products.
Different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different lipid products in the market are ionizable lipids, triglycerides, sphingolipids, and phospholipids, among others
The different applications of lipids include pharmaceuticals, nutrition & supplements, and food & beverages, among others.
Key players in the market are Evonik Industries AG, Merck KGaA, Epax, Cayman Chemical Company, Kerry Group plc, Nippon Fine Chemical Co., Ltd., Lipoid GmbH, Nordic Naturals, Cargill, Incorporated, and Croda International Plc, among others.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 25.22 Billion by 2032.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Phase |
|
| Breakup by Application |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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