Lipid Global Market Report 2024

Lipids serve various purposes, including providing insulation, aiding in digestion, and enhancing bioavailability. These large chemical molecules, categorized as derivatives of fatty acids or closely related substances, are typically insoluble in water but highly soluble in organic solvents and alcohols. Their applications extend to the cosmetic and food industries, as well as nanotechnology.

The primary types of lipids include omega-3, omega-6, and medium-chain triglycerides (MCT). Omega-3 lipids, found in fish oil, particularly in cold-water fish like salmon, play a crucial role in reducing cholesterol and LDL levels in the bloodstream. Lipids come in different forms such as phospholipids, glycolipids, and cholesterol, which find use in diverse applications like food and beverages, pharmaceuticals, nutrition and supplements, and more.

The lipid market research report is one of a series of new reports that provides lipid market statistics, including lipid industry global market size, regional shares, competitors with lipid market share, detailed lipid market segments, market trends, and opportunities, and any further data you may need to thrive in the lipids industry. This lipid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The lipid market size has grown strongly in recent years. It will grow from $15.89 billion in 2023 to $17.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. In the historical period, the growth in the lipid industry can be attributed to several factors, including the heightened consumer awareness of healthy fats, the expansion of functional foods and nutraceuticals, a rise in the incidence of cardiovascular diseases, the growth of the food and beverage industry, and the increasing adoption of personalized nutrition plans.

The lipid market size is expected to see strong growth in the next few years. It will grow to $24.32 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. Looking ahead to the forecast period, the anticipated growth in the lipid industry can be linked to various factors, including a heightened emphasis on plant-based and omega-3 fatty acids, a growing demand for clean label and non-GMO lipids, ongoing research on the health benefits of lipids, the influence of emerging markets and urbanization, regulatory support for health claims, and a focus on sustainable sourcing and production. Noteworthy trends expected in this period encompass the rise of omega-3 enriched foods and supplements, the utilization of functional lipids in sports nutrition, the application of lipids in personalized diets, the development of lipid-based drug delivery systems, the incorporation of plant-based lipids in food products, and innovations in lipid extraction and refining.

The growth of the lipid market is expected to be propelled by an increasing demand for nutritional supplements. Nutritional supplementation plays a crucial role in meeting the heightened nutritional requirements of individuals with a more active lifestyle or specific medical conditions. Lipid-based nutrient supplements, which derive the majority of energy from lipids and include essential components like protein, energy, essential fatty acids, and micronutrients, are particularly sought after. The rise in access to impactful health and nutrition services, especially for mothers and children, coupled with the promotion of children's growth and development through nutrition supplies, is driving the demand for the lipid market. In 2021, UNICEF allocated $175.6 million for nutrition items, including 44,554 metric tons of ready-to-use therapeutic food (RUTF) and 433.2 million vitamin A capsules, highlighting the significant demand for nutritional supplements and its positive impact on the lipid market.

The growth of the lipid market is further fueled by the increasing prevalence of chronic diseases. Chronic diseases, characterized by long-term, non-communicable health conditions like heart disease, diabetes, and cancer, are being addressed with lipids due to their multifaceted roles in the body. Lipids play a crucial role in reducing inflammation, improving cardiovascular health, protecting the brain, and supporting the immune system. The National Center for Biotechnology Information (NCBI) projects a surge of 99.5% in the number of individuals aged 50 years and older with at least one chronic illness by 2050. This rising prevalence of chronic diseases is a key driver for the growth of the lipid market.

A notable trend in the lipid market is the focus on new product innovation. Major companies in the industry are actively working on developing innovative solutions to enhance their market position. For example, Bunge, a US-based agribusiness and food company, introduced NuliGo in October 2021 - a specially structured medium-and long-chain triglyceride (sMLCT) that promotes muscle growth and maintenance. NuliGo represents a plant-based lipid innovation designed with insights from clinical nutrition for applications in sports nutrition and active aging.

Major players in the lipid market are adopting a strategic partnership approach to provide essential lipid-based solutions across various applications, including pharmaceuticals, food, and cosmetics. This strategic collaboration involves leveraging each other's strengths and resources for mutual benefits. Evonik, a US-based manufacturing company for high-quality lipids, invested $220 million in partnership with the U.S. government in June 2022. The goal is to establish a new lipid production facility for mRNA-based medicines in the United States, strengthening their position as a strategic partner for innovative pharmaceutical businesses worldwide.

In December 2021, DSM, a Netherlands-based chemicals company, acquired Vestkorn Milling AS for €65 million ($67.74 million). This strategic acquisition aligns with DSM's ambition to establish an alternative protein company, complementing their CanolaPROTM rapeseed protein isolate. Vestkorn Milling AS, a Norway-based company, specializes in plant-based foods and beverages, including vitamins, algal lipids, and minerals to enhance nutritional value - a move that contributes to DSM's growth in the lipid market.

Major companies operating in the lipid market include Aveda Corporation, Burt’s Bees Inc., The Estée Lauder Companies Inc., The Hain Celestial Group Inc., Amway Corporation, Bare Escentuals Beauty Inc., Arbonne International LLC, The Body Shop International PLC, Yves Rocher SA, L'Oréal S.A., Beiersdorf AG, Neutrogena Corporation, L'Occitane International S.A., Thesis Beauty, Eminence Organic Skincare Inc., Natura Cosméticos S.A, Weleda AG, Hindustan Unilever Limited (HUL), Fancl Corporation, DHC Corporation, Shanghai Pechoin Daily Chemical Co Ltd., JALA Group Co. Ltd., Shea Terra Organics LLC, Archer Daniels Midland Company, BASF SE, Koninklijke DSM N.V., Reckitt Benckiser Group PLC, Kerry Group PLC, Clover Corporation Limited, Croda International PLC, FMC Corporation, Cargill Corporation, Nordic Naturals Inc., Solutex Corp., Omega Protein Corporation, Merck Millipore Limited, Stepan Company, NOF Corporation

Asia-Pacific was the largest region in the lipid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lipid market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the lipid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The lipid market consists of sales of fats, oils, hormones, and waxes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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