Lipid Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global lipid market size reached around USD 15.24 Billion in 2024. The market is projected to grow at a CAGR of 6.50% between 2025 and 2034 to reach nearly USD 28.61 Billion by 2034.

Global Lipid Market Growth

The global demand for medicines is expected to grow at a rate of around 3% and reach a size of nearly USD 1.9 trillion by 2027. Over the past decade, medicine use has surged by 36% and is expected to rise further by 8% by 2027. Due to increasing population growth and rising medicine access, the Asia Pacific, Latin America, and the African region are expected to witness a surge in demand for medicines, thereby driving lipid market development.

As per the market analysis, speciality medicines are expected to constitute a 43% share in global pharmaceutical spending, while accounting for 56% of all medicine expenditure in developed countries. By 2027, the overall global spending on making of cancer drugs can rise to USD 370 million due to growing technological advancements in drug discovery and the use of AI tools. Moreover, expenditure on biotechnology is expected to constitute a 35% share in manufacturing medicines. This is expected to favourably shape the lipid market outlook over the forecast period.

Moreover, lipid-based skincare products are garnering increasing consumer appeal since they promote cell regeneration and repair damaged skin. They also protect the skin from allergens and irritants and minimise the risk of sensitivity and inflammation. Lipids are also extensively used in anti-ageing skincare creams, which is expected to drive market revenue.

Key Trends and Developments

Technological advancements; increasing health awareness among consumers; growing demand for industrial lubricants; and rising demand for skincare products are major factors favouring the lipid market growth.

October 2023

Cayman Chemical successfully developed a new research tool for understanding protein-lipid interactions known as Cayman LipiDOT Strips, which also facilitated the discovery of new therapeutic avenues. This is expected to favourably impact the lipid market dynamics.

September 2023

Nordic Naturals partnered with Sam’s Club to launch their renowned Algae Omega and Ultimate Omega supplements in their stores across the USA.

April 2023

Nippon Fine Chemicals established a new research base known as "Shonan Lab", in Fujisawa City of Japan’s Kanagawa Prefecture, with the objective of continuously delivering unique ingredients to the pharmaceutical industry. This is expected to facilitate the lipid market development.

January 2022

The Lipoid Group expanded its existing production facility at Cologne to meet its sustainability objectives. This includes the construction of a new warehouse, another production facility, and an administrative area.

Technological advancements

Evolving methods of lipid extraction and processing, including supercritical fluid extraction, microwave-assisted extraction, and enzyme-assisted extraction are expected to facilitate the lipid market expansion over the forecast period.

Increasing health awareness among consumers

Lipid-based food products (including dietary supplements, cooking oils, and functional foods) are expected to witness a surge in demand, since they facilitate hormone production and energy storage within the human body.

Growing demand for industrial lubricants

European laws has mandated that the average carbon emissions of new vehicle fleets in 2025 should be 15% lower than the 2021 levels. This is increasing the demand for low-viscosity engine oils and is hence driving the lipid market value.

Rising demand for skincare products

Lipids have essential hydrogenation and emulsification properties which improve the absorption rate of active ingredients within skin and helps restore the skin’s natural barrier. This is expected to fuel the market development.

Global Lipid Market Trends

Due to the increasing awareness of maintaining good health among consumers, the sale of functional food products is expected to rise steadily. For instance, in 2021, the total sales of functional foods and beverages recorded a year-on-year surge of 6.8% in the United States and reached USD 83 billion. This has also fuelled lipid market growth. As per the Food Industry Association of the United States, 75% of the millennial and Gen Z population prefers buying food with specific functional benefits. This is expected to increase the incorporation of healthy lipids into food products, thereby driving market development.

Global Lipid Industry Segmentation

The report titled “Global Lipid Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product:

• Ionizable Lipids
• Triglycerides
• Sphingolipids
• Phospholipids
• Others

Market Breakup by Phase:

• Clinical Phase
• Pre-Clinical Phase
• Others

Market Breakup by Application:

• Pharmaceuticals
• Nutrition & Supplements
• Food & Beverages
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Lipid Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period, the Asia Pacific is expected to grow at a CAGR of 7.3% because of rapid population growth and the increasing demand for functional foods. The shift towards sustainable beauty products is also expected to increase the demand for lipid-based products, thereby driving market growth. Europe is also growing at a significant CAGR of 5.7%.

Leading Companies in the Lipid Market

Major players are expanding their production facilities to increase their lipid market share and to cater to the increasing demand for lipids from healthcare and food and beverage industry.

Nippon Fine Chemical Co., Ltd.

Nippon Fine Chemical Co., Ltd. was founded in February 1918 and is headquartered in Osaka, Japan. It is engaged in manufacturing cosmetic ingredients, fine chemicals, and industrial chemicals.

Nordic Naturals

Nordic Naturals was founded in 1995 and is headquartered in California, United States. It is a health and wellness company that is engaged in formulating essential nutrients (such as omega 3 fish oils) for improving human health.

Lipoid GmbH

Lipoid GmbH was founded in 1997 and is headquartered in Ludwigshafen, Rheinland-Pfalz. As per lipid market analysis, it is engaged in manufacturing chemical raw materials for the pharmaceutical industry.

Cayman Chemical Company

Cayman Chemical Company was founded in 1980 and is headquartered in Michigan, United States. It is a biotechnology company which specialises in producing recombinant proteins, biochemicals, antibodies, and forensic analytical standards.

Other players included in the lipid market report are Evonik Industries AG, Merck KGaA, Epax, Kerry Group plc, Cargill, Incorporated, and Croda International Plc, among others.