The global lipid market size was valued at USD 7.28 billion in 2021 and is projected to reach USD 15.59 billion by 2030 at a CAGR of 8.83% from 2022 to 2030.
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Market Size and Growth
Market Segmentations
- Type of Lipid:
- Saturated lipids
- Unsaturated lipids
- Trans lipids
- Application:
- Food industry (baking, confectionery, dairy products)
- Pharmaceutical industry (production of vitamins, hormones, and other medications)
- Cosmetics industry (production of soaps, creams, lotions)
- Animal feed industry
- Source:
- Animal-based lipids (e.g., lard, tallow)
- Plant-based lipids (e.g., vegetable oils, nuts)
Regional Analysis
- North India: This region is the largest consumer of lipids in India, driven by high demand from the food and pharmaceutical industries.
- South India: This region is the second-largest consumer of lipids, with significant demand from the food and cosmetics industries.
- East India: This region has a growing demand for lipids, driven by increasing industrial activity and urbanization.
- West India: This region has a significant presence of lipid manufacturers, with many companies setting up production facilities in states such as Maharashtra and Gujarat.
Top Key Players
- Cargill Inc.
- BASF SE
- Archer Daniels Midland Company (ADM)
- Kerry
- Nordic Naturals Inc.
- Clover Corporation
- Croda International Plc
- Lipoid Kosmetik AG
- Omega Protein Corporation.
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