Global Lipid Market Size, Share, Opportunities, And Trends By Product Type (Omega 3 & Omega 6, Medium-chain Triglycerides (MCTs), Others), By Application (Food And Beverage, Nutrition & Supplements, Feed, Pharmaceuticals), And By Geography - Forecasts From 2023 To 2028

The lipid market is projected to show steady growth during the forecast period.

Lipids are a group of organic compounds that have a diverse group of molecules which include fats, oils, waxes, cholesterol, phospholipids, and glycolipids. Lipids are essential to a healthy diet as they provide a variety of functions, including storing energy, building cell membranes, insulating the body, and transporting vitamins. However, the wrong type of lipid can be harmful to one’s health because saturated and trans fats can increase the risk of heart disease, stroke, and other chronic diseases. Other than lipids being used for food-related production, it is also being used in soaps, detergents, lubricants, cosmetics, pharmaceutical products, nutraceuticals and biofuels.

Introduction:

The global lipid market is a diverse sector which includes various fat-based molecules with uses across food, pharmaceuticals, cosmetics, and industrial sectors. One of the major factors in the consistent growth is the dietary shifts and the rise of functional and processed food consumption. As per the Food and Agriculture Organization of the United Nations report, “OECD-FAO Agricultural Outlook 2023-2032”, the two dominants used of vegetable oils are for human consumption (57%) and for the production of biodiesel (16%). The demand for vegetable oils has slowed down but the uptake of vegetable oil for biodiesel is projected to increase over the next 10 years, compared to the 6.5% increase which was recorded over the previous decade when the biofuel support policies were implemented.

Drivers:

• Rising demand for functional foods and nutraceuticals: This demand represents an increase for food and supplements that offer more than just basic nutrition. Fats, like omega-3 fatty acids, are quite popular because they help with heart health, brain function, and reducing inflammation. Last year, fortified or functional foods made $292 billion around the globe. Over two-thirds of the 42 million Americans involved in the US Department of Agriculture’s Supplement Nutrition Assistance Program (SNAP) say their main goal is “Eating healthier”.
• Developing Pharmaceutical Landscape: Fats, or lipids, are essential in creating methods for me­dicine delivery. Tiny fat particles known as lipid nanoparticles (LNPs) are transforming how we deliver drugs, mostly mRNA vaccines and gene therapies. They pre­cisely aim at the right cells and increase their ability to absorb drugs. LNPs played a pivotal role­ in the COVID-19 mRNA vaccines since they were great at safeguarding and conveying mRNA to the cells.
• Shifting Dietary Patterns: Global diets display a change in dietary plans. These changes involve increasing plant-based and fats in their meals, and also including processed foods more often. This alteration emphasizes the consumption of more vegetable oils, nuts, and seeds.

Key Players:

• Archer Daniels Midland (ADM) (US): One of the leading agricultural origination and processing companies and global leaders in oilseed processing. Their products include Biodiesel, Industrial oils, edible oils and much more.
• Cargill Incorporated (US): An agricultural giant, Cargill produces consumer brands of edible oils such as Nature Fresh, Gemini, Sweekar, Leonardo Olive Oil, Rath, and sunflower brands of hydrogenated fats.
• BASF SE (Germany): A leader in the production of chemicals, plastics, crops, protection products and performance products. They’re a key player in Europe and have a growing presence in other regions. They have a diverse range of products in agriculture, energy and resources, nutrition and much more.

Regional Analysis:

Asia Pacific is expected to experience growth in the upcoming years. Rising disposable incomes, expanding populations and growing awareness of functional foods act as a growth driver in this region. Government initiatives like India’s “National Mission on Edible Oils – Oil Palm (NMEO-OP)” will further strengthen the growth of the lipid market in this region. In India, the Gross National Disposable Income (GNDI) stands at Rs. 236.07 lakh crore as of 2021-22, which is a growth of 17.4% increase. As Disposable income increases, it can affect the increase in consumption of functional foods like meat and fish, which contain lipids.

Market Developments:

• July 17, 2020: Researchers have developed a memory storage device that functions to mimic synapses and uses soft biomaterials. The Memcapacitor is an energy storage device with memory that advances like a human brain, one of the first lipid-based synaptic information processing in neuromorphic computing. This integration can increase the growth in the lipid market.
• October 17, 2023: The US Food and Drug Administration (FDA) approved a new Generally Recognised as Safe (GRAS) status for algal DHA, expanding its application to food products like meat and dairy products. Since meat and dairy have lipid content, it can indirectly affect the lipid market based on the status of products.

Segmentation:

• By Product Type
  • Omega 3 & Omega 6
  • Medium-chain Triglycerides (MCTs)
  • Others
• By Application
  • Food and Beverage
  • Nutrition & Supplements
  • Feed
  • Pharmaceuticals
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others