Global Lipid market segments 2024, Forecast To 2033

The lipid market has demonstrated strong growth, increasing from $15.89 billion in 2023 to $17.3 billion in 2024, with a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period is attributed to increased consumer awareness of healthy fats, growth in functional foods and nutraceuticals, the rise in the incidence of cardiovascular diseases, expansion of the food and beverage industry, and the adoption of personalized nutrition plans. The market is expected to witness robust growth, reaching $24.32 billion in 2028, with a CAGR of 8.9%. Contributing factors include an emphasis on plant-based and omega-3 fatty acids, the demand for clean label and non-GMO lipids, research on the health benefits of lipids, emerging markets and urbanization, regulatory support for health claims, and a focus on sustainable sourcing and production. Major trends in the forecast period encompass omega-3 enriched foods and supplements, the 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, and innovations in lipid extraction and refining.