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Global Lipid Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ 24.2 Bn by 2028, Likely to Grow with the CAGR of 4% During the Forecast Period.
Lipids find applications in numerous end-use industries including beauty and personal care, food and beverage, and pharmaceutical. Rapidly increasing urbanization coupled with remarkable lifestyle changes in different demography and the benefits offered by it to the personal care and cosmetics industry is fueling the demand of the market. Digitization and social media are playing a major role in the promotion and sales of various beauty products. Changing the preferences of consumers towards products with natural ingredients is further fueling the growth of the lipids market. Thus, proliferating the sales of cosmetic products and boosting lipids sales throughout the forecast period.
In addition, the burgeoning demand from the nutraceutical industry for lipids is bolstering the market growth. Rising focuses on health and safety and higher healthcare costs are major drivers fueling the growth of the nutraceutical industry. This growth is estimated to create lucrative opportunities for manufacturers and the overall growth of the lipids market. Macroeconomic factors play a major role in the lipids market as demand in different regions is entirely dependent on it. In order to keep up with the macro-economic variables and endure competition from global players, major players are focusing on acquisitions and mergers with the domestic players in the market to fortify their sales networks.
The global lipids market on the basis of product type segment is bifurcated into sphingomyelin, glycerophospholipid (phosphatidic acids, phosphoserines, phosphoethanolamines, Phosphocholines, MPEGylated Phospholipids, phospholipids with heterogeneous fatty acid chain, phosphoglycerols with heterogeneous fatty acid chain), cholesterol, monoglycerols, diacylglycerols, fatty acid. The geography segment is analyzed into Asia-pacific, North America, Latin America, Europe, Middle East and Africa (MEA).
As Per Product Type, The Glycerophospholipid Segment Holds The Largest Share In The Global Lipids Market.
By product type, glycerophospholipids are expected to witness the highest growth in the lipids market across the globe. It is expected to hold XX% of the total market. Based on product type, the glycerophospholipids segment is dominating and anticipated to remain dominant, accounting for a share of more than 30% in the global lipids market. This segment is set to register a CAGR of XX% during the forecast period 2019 to 2025. Glycerophopholipids serves as a structural component of biological membranes and also acts as an emulsifying agent, which is used in candy and ice cream making. Thus bolstering the growth of the lipids market in this segment.
By Application, The Personal Care And Cosmetics Segment Dominates And Expected To Remain Dominant In The Global Lipids Market.
Based on the application, the market is bifurcated into pharmaceuticals, food, personal care, and cosmetics. The personal care and cosmetics segment dominate the global lipids market. Owing to the rising demand for lipids to be consumed as raw materials for the manufacturing of cosmetic products. In addition, the fundamental properties of lipids including skin stability, compostable and anti-toxic composition proliferating the demand of lipids in the cosmetics and personal care markets.
In contrast, increasing adoption lipids in the food and beverage segment, especially in nutraceutical products as additives or ingredients, is projected to grow at a steady rate in the growing global nutraceutical industry. The rising distresses among consumers over health and safety is acting as a key driver for nutraceutical products globally. Thus, the food and beverage industry is anticipated to fuel the demand for lipids during the forecast period.
Asia Pacific Region To Dominate The Overall Lipids Market In Terms Of Revenue Share
Asia Pacific region leads the lipids market followed by North America and Europe. Owing to the rising demand for personal care and cosmetic products and food industry in countries such as China and India among others. This is due to the rising disposable income of consumers in this region which is further fueling the growth in this region. The market is expected to register a CAGR of XX% during the forecast period. The market for lipids is expected to account for a share of more than 25% in the North America region.
Merck Millipore Limited, Lipoid GmbH, Stepan Co. Avanti Polar Lipids, Inc., Cayman Chemical, NOF Corporation, CHEMI S.p.A., Corden Pharma, and Tokyo Chemical Industry Co. Ltd., among others.
Segmentation of Global Lipids Market
Lipids Market by Product Type
- Phosphatidic Acids
- MPEGylated Phospholipids
- Phospholipids with Heterogeneous Fatty Acid Chain
- Phosphoglycerols with Heterogeneous Fatty Acid Chain
- Fatty Acid
Lipids Market by End-use
- Personal Care and Cosmetics
Lipids Market by Region
- North America
- South America
- Middle East & Africa