San Francisco, 28 July 2022: The Report Lipid Market Size, Share & Trends Analysis Report By Source (Animal, Plant), By Application (Food & Beverages, Pharmaceuticals, Nutrition & Supplements), By Region, And Segment Forecasts, 2022 – 2028
The global lipid market size is expected to reach USD 13.05 billion by 2028, registering a CAGR of 8.8% from 2022 to 2028, according to a new report by Grand View Research, Inc. Considering the benefits of health and fitness, rising consumption by the aging population in daily diet, and changing lifestyle are driving the market. The increasing vegan, as well as vegetarian population and the developing need to add adequate nutrition to the everyday diet, are positively impelling the demand for lipid supplements all over the world. Moreover, lipids play important role in chronic diseases such as arthritis, asthma, cancer, cystic fibrosis, and diabetes. The global market is extremely competitive, as various players all over the globe are coming up with nutritional ingredients so to increase their reach in the food, beverage, along with pharmaceutical industries.
Due to the COVID-19 pandemic, the need for lipid-based supplements is largely increasing on account of their health advantages. Research and development activities play a vital role in growing the development rate of the lipids market. The company’s focus is largely on these activities for finding novel insights. These insights help in enhancing the revenues of the companies operating in the lipids market.
The plant-based segment dominated the market and contributed to a larger revenue share of around 60.0% in 2021 and is forecast to grow at 9.1% from 2022 to 2028. Plant-based lipids act as an anti-inflammatory, which restricts the hardening of arteries, relieves muscle pain, and improves the physical conditions of the brain, hearts, and other body parts which became reddened, swollen, hot, and painful due to the reaction or infection. Thus, the plant-based segment is expected to drive the market revenue.
Nutrition & supplements application contributes to market revenue of over 20% in 2021 and will register the fastest CAGR of 10.2% from 2022 to 2028. Increased awareness about health and fitness among the citizens. This growth is attributed to the rising consumption of nutrition and supplements by consumers to satisfy and maintain their nutritional intake on a daily basis. Thus, this segment is expected to grow during the forecast period.
Asia Pacific is estimated to account for the highest CAGR of 9.4% from 2022 to 2028 and contributes more than 30% revenue share in 2021. China and India are positively contributing to the market revenue. Growing population, rapidly changing lifestyles, business favorable government policies, and investments by major enterprises are driving the industry growth.
Manufacturers are looking to keep their brand image as well as gain customer loyalty by providing superior quality products. Considering consumption patterns of lipids amongst the customers and examining consumer behavior patterns, major players are providing lipids manufactured from the sources such as plants and animals.
Access Research Report of Lipid Market @ https://www.grandviewresearch.com/industry-analysis/lipid-market-report
Lipid Market Report Highlights
- Asia Pacific is estimated to account for the highest CAGR of 9.4% from 2022 to 2028 China and India are positively contributing to the market revenue. Growing population, rapidly changing lifestyles, business favorable government policies, and investments by major enterprises are driving the industry growth.
- The plant-based segment dominated the market and contributed to a larger revenue share of around 60.0% in 2021 and is forecast to grow at 9.1% from 2022 to 2028. Plant-based lipids act as an anti-inflammatory, which restricts the hardening of arteries, and relieves muscle pain.
- Nutrition & supplements application contributed to market revenue of above 20% in 2021 and is expected to register the fastest CAGR of 10.2% from 2022 to 2028. Increased awareness about health and fitness among the citizens.
List of Key Players in the Lipid Market
- 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
- Omega Protein Corporation
Access Press Release of Lipid Market @ https://www.grandviewresearch.com/press-release/global-lipid-market
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