The global lipids market is expected to reach a market value of USD 9.7 Billion by 2022, growing at a CAGR of 8.7% by 2022 to 2032, to reach a value of USD 22.5 Billion by 2032. Lipids market accounted for 25% of the total fats and oil industry globally in 2022, as per the latest study. Lipids market grew at a CAGR of 6.5% between 2017 to 2021.
| Attributes | Key Statistics |
|---|---|
| Lipids Market Expected Size (2022E) | USD 9.7 Billion |
| Market Projected Size (2032F) | USD 22.5 Billion |
| Value CAGR (2022 to 2032) | 8.7% CAGR |
| Top 3 Countries Market Share | 37% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
As per Future Market Insights (FMI), lipids serve as source of energy they are used to store energy in fat cells. They perform major functions as structural components in cell membranes. This membrane regulates flow of water, ions and other molecules in and out of cells. Vitamins A, D, E, and K are soluble in lipids and help to regulate different biological processes like vitamin adsorption and transportation.
Lipids also act as shock absorbers to protect vital organs and insulate the body from fluctuating temperatures. There has been a surge in demand for food and beverages products using active lipid ingredients. Preference for products made from chemically stable, containing unsaturated fatty acids is expected to spur the demand in the market.
As the USA Food and Drug Administration (FDA) made labelling of products containing trans fatty acids mandatory use of soybean oil in products was reduced considerably. Use of trans fatty acids has reduced considerably, hence, brands are focusing on developing fats that are good for consumption.
Use of functional lipids that are healthier for consumption and maintain similar sensory attributes is expected to rise in the market. Lipids help to maintain oxidative stability by prolonging the shelf life of products. On the back of this, the demand in the lipids market is projected to surge at 8.7% CAGR during the forecast period (2022 to 2032).
There has been an increase in awareness of maintaining healthy lifestyle. Consumers are consuming lipid-based supplements to increase the resistance to foreign pathogens. Many brands have developed nutritional lipids that can be taken to maintain requirement of vitamins and minerals in the body.
Rising prevalence of severe health-related issues like obesity and hypertension can be regulated with help of lipid-based medicinal products. This is expected to increase the demand of lipid-based products in the market.
Use of lipids in cosmetic industry has surged in past few years. Cosmetics are mixture of active principles, additives and ingredients added to preserve the product for longer time. They are applied by pouring, rubbing on the skin to enhance and nourish the surface. Use of chemically formulated products has resulted in rising cases of allergies and hypersensitivity. As a result, consumers are preferring organic products.
Use of lipids in cosmetic industry has surged in past few years. As lipids are one of the vital ingredients in cosmetics. They are derived chemically and found naturally in variety of vegetable oils and animal fats. Lipids are used as neutral bases and bioactive ingredients.
The types of lipids frequently used in cosmetics include waxes, triacylglycerides, ceramides, glycerophospholipids, sterols, hydrogenated, oxidized and esterified lipids. Rising concern about use of chemically formulated products casing of allergies and hypersensitivity is expected to rise the demand for lipid-based organic cosmetic products.
Principal Consultant
Rising Awareness Regarding Health Benefits to Fuel Lipids Adoption in Daily Diet
North America is expected to be the most lucrative region in the global lipids market, as per FMI. This is owing to the rising awareness about maintaining good health encouraging inclusion of lipids in daily diets.
Lipids act as source of fuel and provide body with necessary energy. Lipids assist in maintaining nutritional requirements of body. Easy availability of functional lipids in the USA and Canada to reduce the risk of heart-related diseases is expected to propel the demand for lipids.
As per FMI, the USA lipid market is expected to reach a value of about USD 1.7 Billion in 2022 which is approximately 23% of the global lipid market.
Increased Consumption of Palm Oil in Malaysia to Boost the Growth in Lipids Market
According to Future Market Insights (FMI), Asia Pacific is expected to be a promising market for lipid industry due to increase in consumer spending capacity. The demand for lipids products is expected to rise in Malaysia due to easy availability of palm oil, which is consumed daily.
This is expected to improve the demand for lipids in the form of palm oil, as the amount of lipids is very high. Lipids such as cocoa butter have also found wide applications particularly in baking sector. As per FMI, the lipids market is expected to account for USD 494.7 Million in 2022 which is approximately 12% of the global lipid market.
Application of Lipids in Cosmetic Products and Increased Export Activities to Push the Demand
Europe is a house to many big cosmetic brands that offer lipid-based products that are exported across the globe. Export of cosmetic products from the UK, France, and Italy is expected to surge as demand for lipid-based supplements and beverages is anticipated to rise.
Hence, key players in Germany and the UK are investing in technology to develop new products that have multiple functional benefits. This is expected to aid the demand for lipids in Germany and the UK over the forecast period.
Demand for Lipids in Food & Beverage to Rise Amid Consumption of Lipid-Based Nutrient Supplements
Based on application, the food and beverage industry accounted for 55% share in the global lipid market. Lipid-based nutrient supplements (LNS) range of genetically fortified, lipid-based products in form of like ready-to-use therapeutic foods.
The use of lipid-based supplements has proven to be effective in the treatment of severe acute malnutrition (SAM) in children, especially across emerging economies such as India and China. Smaller dosages of LNS for malnutrition prevention have gained traction in emergency contexts to provide nutritionally appropriate ration for pregnant and breastfeeding women.
Backed by these factors, the demand for lipids is expected to rise due to their application in production of functional drinks to boost immunity
Penetration of E-Commerce Industry to Push Demand in Lipids Market
Availability of lipid-based products across different industries such as pharmaceutical, cosmetics, food and beverage on online platforms is expected to fuel the sales. Online platforms have made it easy for consumers to choose from a wide variety of products and brands. Companies are using artificial intelligence and machine learning capabilities to enhance the website interface and engage with consumers on an individual level.
Several online portals offer discounts and offers in order to attract consumers and stand out among the competitors. Over the forecast period, the online distribution channel is predicted to grow at a rate of 5.2% CAGR and account for 60% of sales in the market.
Furthermore, key players are collaborating with leading online marketplaces such as Amazon, Flipkart to offer doorstep delivery to customers and capitalize on growing preference for online sales channels.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Key companies are investing in launching lipid-based organic products to fulfil the consumer demand for healthy products.
They are investing in developing technology to reach out to wider range of consumers.
| Attribute | Details |
|---|---|
| Expected Market Size (2022E) | USD 9.7 Billion |
| Market Projected Size (2032F) | USD 22.5 Billion |
| Value CAGR (2022 to 2032) | 8.7% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value and Million. Sq. M. for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Brazil, Mexico, Germany, UK, China, India, Japan, Australia, and GCC Countries |
| Key Segments Covered | Product Type, Application, Sales Channel and Region |
| Key Companies Profiled | BASF SE; Solutex; Cargill Incorporated; Archer Daniels Midland Company; Clover Corporation; Koninklijke DSM N.V.; Kerry Group |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The lipids market is estimated to be worth over USD 9.7 Billion by 2022.
The lipids market is forecasted to surpass USD 22.5 Billion by the end of 2032.
Between 2017 and 2021, the lipids market grew at a 6.5% CAGR.
The demand for lipids is expected to grow at 8.2% CAGR between 2022 and 2032.
Change in consumer lifestyle and increase in consumer spending capacity is expected to drive the demand for lipid market globally.
The North America lipids market will grow at 8.1% CAGR between 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Lipids Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Omega 3 & Omega 6 5.2. Medium to Chain Triglycerides (MCTs) 5.3. Others 6. Global Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Food & Beverage 6.2. Nutrition & Supplements 6.3. Pharmaceuticals 6.4. Cosmetics 7. Global Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel 7.1. Offline Sales Channel 7.1.1. Supermarkets/Hypermarkets 7.1.2. Departmental Stores 7.1.3. Convenience Store 7.1.4. Other Sales Channel 7.2. Online Sales Channel 7.2.1. Company Website 7.2.2. E to commerce Platform 8. Global Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. MEA 9. North America Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Lipids Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Lipids Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. BASF SE 18.2. Solutex 18.3. Cargill Incorporated 18.4. Archer Daniels Midland Company 18.5. Clover Corporation 18.6. Koninklijke DSM N.V. 18.7. Kerry Group 18.8. Organic India 18.9. Nordic Naturals 18.10. Polaris Nutritional Lipids 18.11. Lipoid GmbH 18.12. Stepan 18.13. Avanti Polar Lipids 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Food and Beverage Insights
View Reports
Lipids Market
