The global lipid market is projected to grow at a CAGR of 9.18% during the forecast period (2020 - 2025).
- The increasing demand for nutritional lipids and expanding the commercial scope of the lipid market is expected to drive the market studied. Obesity and overweight are increasing in epidemic proportions throughout the developed and developing worlds and are one of the most important growing threats to the health of populations.
- Due to the ongoing pandemic COVID-19, the demand for lipid-based supplements has seen significant growth owing to their health beneficial properties. Moreover, a United States-based pharmaceutical company, Moderna Inc, has extended a deal with Corden Pharma to secure large volumes of the lipids used to produce its experimental COVID-19 vaccine in a bid to meet the increasing demand for the medicine.
- There has been an increasing emergence of novel lipids form in the last decade that has shown tremendous potential for medical and nutritional applications thus, novel lipids are expected to boost the market in the years to come.
Key Market Trends
Nutrition & Supplements Segment Continue to Witness Significant Growth
The term “lipid-based nutrient supplements” (LNS) refers generically to a range of fortified, lipid-based products, including products like Ready-to-Use-Therapeutic Foods (RUTF) (a large daily ration with relatively low micronutrient concentration) as well as highly-concentrated supplements (1-4 teaspoons/day, providing< 100 kcal/day) to be used for “point-of-use” fortification and RUTF have been successfully used for the management of severe acute malnutrition (SAM) among children in emergency settings. LNS has been used to treat moderate acute malnutrition; however, there is no consensus on it being more effective than CSB (Corn soy blend). LNS is given in smaller doses, more so because they are more concentrated. These supplements are designed to provide 50 to 100% of the day’s energy requirements.
Asia-Pacific is the Fastest Growing Region
The physical environment, local availability of fats and oils, food habits, and level of education, are some other factors that affect the overall consumption of fats. For instance: in Bangladesh, the consumption of fats in urban areas is higher than in rural areas, owing to the tremendous increase in urbanization and lifestyle changes in the past few years, owing the region is has accounted for rapid growth. The Southeast Asian countries, particularly Malaysia and Indonesia, are bigger producers and consumers of palm oil, owing to its high availability and relatively low costs. Lipids, such as cocoa butter (in chocolates), coconut oil, palm oil, and mango kernel oils are gaining popularity in Japan owing to its versatile application in the food & beverage industry.
The global lipid market is highly competitive, as different players across the world are coming up with nutritional ingredient in order to expand their reach in food, beverage, and pharmaceutical industries and the most active companies in the global lipid market are Royal DSM, Cargill Inc, Croda International PLC, and Archer Daniels Midland, which in the global market are targeting the native markets, like Asia-Pacific, where the bar of awareness regarding the health concerns is on the rise. Mergers and acquisitions, followed by new product launches are the most preferred strategies in the global lipid market. The major manufacturers in the global market are delivering consistent top and bottom-line growth. The companies are increasing the proportion of protecting innovations as a strategy to attract the major share of the consumers and meet their growing specific demands.
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Table of Contents
1.2 Scope of the Study
4.2 Market Restraints
4.3 Porters 5 Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1.1 Omega 3 & Omega 6
5.1.2 Medium-Chain Triglycerides (MCTs)
5.2 By Application
5.2.1 Food & Beverage
5.2.2 Nutrition & Supplements
5.3 By Geography
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East
184.108.40.206 South Africa
220.127.116.11 Saudi Arabia
18.104.22.168 Rest of Middle East & Africa
6.2 Strategies Adopted by Key Players
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill Incorporated
6.4.2 Archer Daniels Midland Company
6.4.3 BASF SE
6.4.5 Clover Corporation
6.4.6 Koninklijke DSM N.V.
6.4.7 Omega Protein Corporation
6.4.8 Kerry Group