Lipids Market Introduction
Lipids are termed as a large organic compounds that fall under the classes of fatty acid derivatives or closely related compounds. Lipids are generally insoluble in water but exhibit high levels of solubility in organic solvents & alcohols. Lipids include esters & fats with analogous properties & further constitute carbohydrates & proteins. The primary functions of lipids include stowing energy, signaling and performing as key structural components for cell membranes.
The global lipids market is estimated to be valued at US$ 17.3 Bn by 2018 end and is expected to reach US$ 26.4 Bn by the end of 2028, expanding at a CAGR of 4.3% over the forecast period. The global lipids market is anticipated to represent an incremental opportunity of US$ 9.2 Bn between 2018 and 2028
The lipids market is expected to gain traction over the forecast period
Lipids are widely used in various end-use industries such as personal care and cosmetics, food and beverage and pharmaceutical. Increasing urbanization has brought about tremendous lifestyle changes in in different regions, which is, in turn, catering numerous benefits for the personal care and cosmetics industry. Digitalization and social media have played a vital role in the advertisements and sales of various cosmetics.
Increasing consumer preference towards cosmetics with natural ingredients is expected to add to the growth of the lipids market. Thus, the increasing sales of cosmetics is expected to boost lipids sales in the coming years.
Moreover, the demand for lipids in the nutraceutical industry is also expected to remain high throughout the forecast period. Increasing health awareness and higher healthcare costs are the key driving factors for the growth of the nutraceutical industry. This growth of the nutraceutical industry is expected to create a platform for the growth of the lipids market in the near future.
China dominates the global lipids market and APAC is tipped to be a high potential market by the end of the forecast period
From a regional/country perspective, the lipids market is dominated by China, owing to the high demand from personal care & cosmetics and food and beverage industries in China. China is projected to witness healthy growth over the forecast period, which can primarily be attributed to the increasing per capita disposable income of people in the country. The growing food and beverage industry in China is another key factor expected to drive the sales of lipids over the forecast period
The APAC region is expected to register a high growth rate over the forecast period, which can be attributed to the increasing demand for nutraceutical products and growth of the pharmaceutical industry in the region. India is expected to hold the lion’s share in the growth of the lipids market in the APAC region, owing to the growing demand for lipids in the nutraceutical industry. India is expected to be a high potential market for the nutraceutical industry growth, owing to the rising health related problems/diseases in the country
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Focus on research and development of customized products in the global lipids market
The global lipids market is saturated with numerous global and regional manufacturers. Manufacturers in the lipids market are engaged in R&D activities to develop new products and thus, cater to the rising demand and withstand the competitive environment in the market. The regional markets are primarily dominated by the domestic manufactures engaged in the sales of lipids in the nearby regions. Global manufacturers collaborate with regional players to expand their sales footprint in the region. Changing trends in the food and beverage industry and ongoing research and developments in the pharmaceutical industry have impelled manufacturers to provide customized lipid products.
Key trends governing the global lipids market
The demand for lipids in different regions is entirely depended on the macro-economic factors prevailing in a particular region. In order to keep pace with the macro-economic factors and sustain competition from other global players, bigger players in the market are focusing on acquisitions or collaborations with domestic players in order to strengthen their sales networks in regional markets. Moreover, manufacturers are focusing on forging agreements with the distributors and suppliers that have global presence in order to strengthen their sales footprint.
Key players operating in the global lipids market
Some of the players reported in this study on the global lipids market include Merck Millipore Ltd, Avanti Polar Lipids, ABITEC Corporation, Chemi S.p.A, Tokyo Chemical Industry Co., Ltd, Stepan Company, Archer Daniels Midland Company, NOF Corporation, Cayman Chemical and Matreya LLC, among others. Moreover, manufacturers of lipids have been channelizing efforts towards strengthening their research & development activities and focusing on specific regions to cater to the regional markets. This is expected to positively impact the lipids market in the near future.
Lipids Market: Segmentation
- Phosphatidic Acids
- MPEGylated Phospholipids
- Phospholipids with Heterogeneous Fatty Acid Chain
- Phosphoglycerols with Heterogeneous Fatty Acid Chain
- Fatty Acid
- Personal Care and Cosmetics
- North America
- Latin America
- Asia Pacific (Excl. China)
- Middle East & Africa