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Lipid Market Trends

Report ID: GMI6255
Published Date: Jul 2023
Report Format: PDF

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Lipid Market Trends

There is an increasing consumer focus on health and wellness, leading to a growing demand for lipids that offer functional benefits. Healthy and functional lipids, such as omega-3 fatty acids, MCT oils, and plant sterols, are sought after for their potential to support heart health, brain function, and overall well-being. The demand for plant-based lipids is experiencing significant growth due to various factors, including increasing vegan and vegetarian diets, environmental sustainability concerns, and ethical considerations. Plant-based oils like coconut oil, avocado oil, and olive oil are gaining popularity as healthier alternatives to animal-derived fats.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market valuation of lipid was reached USD 13.71 billion in 2023 and is estimated to cross USD 23.8 billion by the end of 2032, attributed to widespread usage as ingredients in food products to enhance taste, texture, and nutritional profile.

Plant lipid market generated USD 8.4 billion in revenue in 2022 and is set to witness significant traction through 2032, owing to the growing consumer preference for plant-based lipids as healthier alternatives to animal fats.

U.S. market size was valued at USD 2billion in 2022 and is anticipated to expand at a significant pace from 2023-2032, driven by the increasing number of health-conscious consumers across American countries.

Some of the top companies in the market are Archer Daniels Midland Company (ADM), Bunge Limited, Cargill, Incorporated, Wilmar International Limited, Louis Dreyfus Company, IOI Corporation Berhad, AAK AB, Croda International Plc, Kerry Group, and BASF SE.