Future Market Insights’ published market report titled “Lipids Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 - 2028” examines the lipids market and offers crucial market insights for the next ten years. According to Future Market Insights analysis, the global sales of lipids is estimated to be valued at US$ 17.3 Bn by the end of 2018 and is expected to register a 4.3% CAGR over the period of 2018–2028. This report divulges the demand for lipids and its break-up on the basis of different type and applications.

Global Lipids Market: Dynamics

The global lipids market is estimated to be driven by the increasing demand from personal and cosmetics applications wherein lipids are used as ingredients and raw materials in the production of cosmetics. The consumer inclination towards using cosmetics and skin care products with natural ingredients has been the key driving force for the demand for lipids in the personal care and cosmetics industry. Lipids find a wide range of applications in the cosmetics used in make-up and skin care, which account for a combined value share of more than 50% in the global cosmetics market. Increasing per capita disposable income in developing regions is another driving force for the growth in the sales of cosmetics in regions/countries such as Latin America, Middle East and Africa, China and India. Growing trends in the food and beverage industry have caused numerous health-related problems among the global population, and thus, the nutraceutical industry has been successful in attracting a huge consumer base.

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North America is considered to be one of the key global markets in terms of the demand for nutraceutical products. As per the reports of FICCI, increased healthcare costs and rescission have coupled the effects on the growth of the nutraceutical industry in North America. Increasing awareness regarding health, owing to high life expectancy, is another key reason contributing to the growth of the nutraceutical industry wherein the demand for lipids as ingredients is high.