Balancing Loads: Load Monitoring System Market Insights 2024

The lipid market size has grown strongly in recent years. It will grow from $15.89 billion in 2023 to $17.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased consumer awareness of healthy fats, growth in functional foods and nutraceuticals, riss in incidence of cardiovascular diseases, expansion of the food and beverage industry, adoption of personalized nutrition plans.

The lipid market size is expected to see strong growth in the next few years. It will grow to $24.32 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to emphasis on plant-based and omega-3 fatty acids, demand for clean label and non-gmo lipids, research on the health benefits of lipids, emerging markets and urbanization
regulatory support for health claims, focus on sustainable sourcing and production. Major trends in the forecast period include omega-3 enriched foods and supplements, use of functional lipids in sports nutrition, application of lipids in personalized diets, development of lipid-based drug delivery systems, incorporating plant-based lipids in food products, innovations in lipid extraction and refining.

Market Overview -
Lipids are used for providing insulation, digestion, and increased bioavailability. Large chemical molecules known as lipids are classified as derivatives of fatty acids or closely related substances. Although lipids are typically insoluble in water, they are highly soluble in organic solvents and alcohols. They are mostly used in the cosmetic and food industries, as well as in nanotechnology.

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Rising Demand For Nutritional Supplements Fuels Growth In The Lipid Market
Increasing demand for nutritional supplements is expected to drive the growth of the lipid market going forward. Supplementation helps to fulfill the increased nutritional needs of a more active lifestyle or medical condition. Lipid-based nutrient supplements refer to products where the majority of energy is provided by lipids and include protein, energy, essential fatty acids, and micronutrients. Increased access to high-impact health and nutrition services for mothers and children, as well as nutrition supplies to promote children's growth and development, is driving the demand for the lipid market. For instance, in 2021, UNICEF (United Nations International Children's Emergency Fund), a US-based agency responsible for providing humanitarian and developmental aid to children worldwide, spent $175.6 million on nutrition items that are safe, effective, and cost-efficient. Among these, 44,554 metric tonnes of ready-to-use therapeutic food (RUTF) were shipped to 59 countries, with 67% originating in program nations. 433.2 million vitamin A capsules, including 383.8 million pills as CIK to 68 nations 665 million sachets of various micronutrient powders were given to 38 countries. Therefore, the demand for nutritional supplements is driving the demand for the growth of the lipid market.

Competitive Landscape -
Major companies operating in the lipid market include Aveda Corporation, Burt's Bees Inc., The Estée Lauder Companies Inc., The Hain Celestial Group Inc., Amway Corporation, Bare Escentuals Beauty Inc., Arbonne International LLC, The Body Shop International PLC, Yves Rocher SA, L'Oréal S.A., Beiersdorf AG, Neutrogena Corporation, L'Occitane International S.A., Thesis Beauty, Eminence Organic Skincare Inc., Natura Cosméticos S.A, Weleda AG, Hindustan Unilever Limited (HUL), Fancl Corporation, DHC Corporation, Shanghai Pechoin Daily Chemical Co Ltd., JALA Group Co. Ltd., Shea Terra Organics LLC, Archer Daniels Midland Company, BASF SE, Koninklijke DSM N.V., Reckitt Benckiser Group PLC, Kerry Group PLC, Clover Corporation Limited, Croda International PLC, FMC Corporation, Cargill Corporation, Nordic Naturals Inc., Solutex Corp., Omega Protein Corporation, Merck Millipore Limited, Stepan Company, NOF Corporation

Innovative Lipid Solutions Transform The Lipid Market
New product innovation is a key trend gaining popularity in the lipid market. Major companies operating in the lipid market are focused on developing new technological and innovative solutions to strengthen their market position. For instance, in October 2021, Bunge, a US-based agribusiness and food company, launched NuliGo, a specially structured medium-and long-chain triglyceride (sMLCT) that promotes muscle growth and maintenance. It is a plant-based lipid business. With NuliGo, Bunge Loders Croklaan delivers an ingredient created via insights from clinical nutrition into sports nutrition and active aging categories.

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Key Segments -

The lipid market covered in this report is segmented -

1) By Type: Omega-3, Omega-6, Medium-Chain Triglycerides (MCT)
2) By Product: Phospholipids, Glycollpds, Cholesterol
3) By Application: Food and Beverages, Pharmaceuticals, Nutrition and Supplements, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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