According to the latest report by Renub Research, titled “Lipid Market Size, Share, Global Forecast 2021-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” the Global Lipid Market is projected to reach US$ 21.53 Billion by 2027. Globally, lipids are molecules known as building blocks of the structure and function of living cells. Some examples of lipids include fats, oils, waxes, specific vitamins (such as A, D, E and K), hormones and most significant of the cell membrane that is not made up of protein. Besides, lipids are not soluble in water as they are non-polar but are thus soluble in non-polar solvents such as chloroform. Lipids are mainly composed of hydrocarbons in their most reduced form, making them an excellent energy storage record. When metabolized, the hydrocarbons oxidize to release large amounts of energy.
Global Lipid Industry will grow at a CAGR of 7.62% during 2020-2027
Lipids are organic molecules, broadly termed derivatives of fatty acids and similar compounds produced from plants and animals. Increasing demand for lipids as nutritional supplements, the rising health awareness among consumers, and changing food patterns due to busy lifestyles are expected to drive industry growth during 2020-2027. Additionally, lipids play an essential role in preventing chronic diseases, such as arthritis, asthma, cancer, cystic fibrosis, and diabetes, which, in turn, is expected to boost the market further.
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Impact of COVID-19 on Worldwide Lipid Market Size
During the COVID-19 pandemic and lockdown situation, citizens have become more health-conscious and focused on improving the immunity system to maintain fitness. Hence, the demand for lipid-based supplements has seen significant growth due to their beneficial health properties, preventing consumers from getting infected by a coronavirus. Thus, consumers have increased their spending on healthy and nutritious food. Therefore, the market is expected to witness positive growth during the covid-19 pandemic situation.
Phospholipids: An Essential Contribution to Lipids Market
By Product, phospholipids consist of two fatty acids, a phosphate group and a glycerol molecule. Across the world, phospholipid has several applications in nutritional, pharmaceutical, and food categories. Remarkably, the demand for phospholipids is increasing due to their versatile application in different sectors. The market is particularly true in the case of phospholipids derived from natural sources. The availability of raw materials had enabled manufacturers to utilize the resource and expand their product portfolio.
Further, the numerous health benefits related to phospholipids is actively being used in several studies related to the pharmaceutical industry. The companies are also releasing innovative natural health products, and some are superseding natural chemicals for synthetic ones in product formulations. Consumers are more amenable to seeking complementary and alternative medications, which drives the demand for natural products. Customers actively prefer natural and non-synthetic products to counteract ailments. Naturally sourced constituents are selected as customers feel safe. Associated health benefits and the inclination of customers to approach natural ingredients are the key reasons that drive demand for such products in the market.
Omega-3: Segment Continue to Witness Significant Growth
Recently, the rising inclusion of omega-3 ingredients in the diet to support heart and brain health has been trending in the market. Moreover, rising occurrences of Cardiovascular Diseases (CVDs) and changing dietary habits worldwide and the rising importance of immunity development post-COVID-19 pandemic has further strengthened the driving force for the Omega-3 market.
As per the American Medical Association, heart disease was the leading cause of death in the U.S. in 2020, accounting for 690,882 deaths. Hence, the U.S. FDA has approved omega-3 supplements to treat adults for diseases such as severe hypertriglyceridemia. Remarkably, an increasing number of omega 3-based pharmaceutical product launches by market players, due to the rising product application scope in medicines, is expected to witness market growth.
By Application, Food Segment Continues to Lead the Market
The global lipid industry is segmented into Food & Beverages, Nutrition & Supplement, Feed and others. In addition, the expanding figures of functional benefits joined with health benefits counted as a prominent driver for the acceptance of lipids as additives in the food industry. Lipids have a significant role to play in most edibles. Moreover, lipids improve aspects of food, including flavour, emulsification, texture, density, and hydrogenation. They act as good flavour carriers delivering taste and also enhancing the smell of products.
Besides, the role of lipids in emulsification is to help the diffusion of fat evenly into water. The use of shortenings is formed with mono-glycerides, so fats and milk are emulsified in cake batters to create a fine texture for cakes and other products. Furthermore, there has been an increasing emergence of lipids in the last decade that has shown tremendous potential for nutritional applications. Thus, nutritional applications are expected to boost the global market for lipids in the years to come.
Asia-Pacific is the Fastest Growing Region
In our report, we have analyzed the regional markets of North America, South America, Europe, Asia Pacific, Middle East & Africa. Wherein, Asia-Pacific is the Fastest Growing Region as per our estimates. Lipids, such as coconut oil, cocoa butter (in chocolates), palm oil, and mango kernel oils, are gaining popularity in Asia-Pacific owing to their versatile application in the food & beverage industry. Also, the physical environment, food habits, local availability of fats and oils, and education level are other determinants that affect the overall consumption of fats in the region.
For occurrence: in Bangladesh, the consumption of fats in urban regions is higher than in rural regions, owing to the enormous increase in urbanization and lifestyle transitions in the past few years, owing the part is has deemed for rapid growth. The Southeast Asian countries, especially Malaysia and Indonesia, are more significant producers and consumers of palm oil, owing to its immense availability and comparatively low costs.
The global lipid market is exceptionally competitive, as different players worldwide are coming up with nutritional ingredients to expand their reach in Food & Beverages, Nutrition & Supplement and Feed industries. Our report’s most influential companies in the global lipid market are NOF Corporation, Stepan Company, Archer Daniels Midland, Cargill, Kerry Group. The key players in the worldwide market are targeting the native markets in various regions, where awareness regarding health concerns is rising.
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Furthermore, mergers and acquisitions in the global lipid market are the most preferred strategies, followed by new product launches. In addition, the major manufacturers in the worldwide market are accounting consistent top and bottom-line expansion. The companies are progressing the proportion of protecting innovations to attract a significant share of the consumers and meet their growing specific demands.
By Product – We have covered Global Lipid Market through four aspects Phospholiplds, Glycollpds, Cholesteroal and Others.
By Type – In the report Global Lipid Market we have studied Omega-3, Omega-6, MCT, and others.
By Application– We have covered Global Lipid Market Application in Food & Beverages, Nutrition & Supplement, Feed and Others.
By Region– The regional market covered in the report is of North America, South America, Europe, Asia Pacific, Middle East & Africa.
Company – In our report market’s main players studied include NOF Corporation, Stepan Company, Archer Daniels Midland, Cargill, Kerry Group.
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