Lipids Market to Expand with Significant CAGR | 2026
Sales
of lipids have witnessed sheer proliferation in recent past in line
with the growing demand for personal and cosmetics applications. The
adoption of lipids as raw materials and ingredients has grown in the
production of cosmetics. The global lipids market is anticipated to
value US$ 26.4 BN by 2028-end, proliferating at 4.3% CAGR during the
2018-2028, as per the latest research study by Transparency Market
Research (TMR).
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Report Overview @
The
consumer gravitation towards cosmetics and skin care products with
organic ingredients has been the primary driving force behind the
demand for lipids in personal care and cosmetics industry. As per TMR
report on lipids market, lipids find widespread applications in
cosmetics due to high adoption in skin-care and make-up, which
together account for over half of the value share in global cosmetics
market. Lipids immense adoption in cosmetics can be attributed to
impressive functional properties of lipids, such as nontoxic and
biodegradable nature and skin compatibility. Further, the burgeoning
per capita disposable income in developing countries is boosting
sales of cosmetics in regions, such as MEA, Latin America, India, and
China, finds TMR. The growing urbanization has been bringing
tremendous lifestyle changes in diverse regions, which is further
underpinning gains in cosmetics and personal care industry. Social
media and digitalization are also playing a pivotal role in spreading
a word about a wide range of cosmetics, which is boosting their
sales.
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.
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.
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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
4.6% CAGR during 2018-2028. 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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