Press release
Lipids Market to Grow at a Solid 4.3% CAGR by 2031, with Revenues Surpassing US$ 29.9 Billion
Lipids
As per the TMR report on lipids market, with the rapidly changing trends in F&B industry causing myriad health-related issues, nutraceutical industry is luring extensive consumer base. Growing awareness related to heath issues coupled with high healthcare expenses are the primary factors fueling growth of nutraceutical industry, which is further anticipated to pave way for growth in lipids market in the forthcoming years.
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Manufacturers Increasingly Focusing on R&D of Customized Products
Amid rigorous competition in global lipids market with numerous global as well as regional manufacturers, manufacturers are increasingly investing in R&D activities to create novel products in order to cater to the burgeoning demand and to withstand the competitive market environment. Several manufacturers are merging with regional players to grow their sales footprint in the region. Moreover the continuing research and developments in pharmaceutical industry have propelled manufacturers to offer customized lipids products.
China Holds Pole Position in Lipids Market, APAC to Witness High Growth Rate
China is projected to dominate the global lipids market during the foreseeable period with the lipids market likely to accelerate at 4.3% CAGR during 2022-2031. With a notable demand from cosmetics, personal care and F&B industries in China, the region will remain highly lucrative for manufacturers. The expanding F&B sector in China is a primary factor behind the growing sales of lipids in the region. The lipids market is likely to grow in APAC region due to the growing traction for nutraceutical products coupled with highly progressive pharmaceutical industry in the region. India will continue to remain a lucrative market for nutraceutical industry growth due to the increasing health related issues/diseases countrywide, which in turn will bring traction to lipids market.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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