The Asia Pacific Lipid Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
One of the most important types of components in soybeans is lipids. In terms of economics, soybean oil accounts for a significant percentage of fat and oil production. Soy lipids are found largely in the soybean cotyledon, which accounts for around 20% of its weight. Soybean lipids provide a variety of physiological activities, including serving as a component of membranes, an energy store, and a solvent medium for numerous lipid-soluble compounds. Neutral lipids are soluble in organic solvents but not in the water in general. However, some lipid molecules have polar groups that, when combined with the hydrophobic component, give the molecule an amphiphilic property, encouraging the production of micelles.
Fats and oils are other common names for lipids. Fats are solid at room temperature, while oils are liquid at room temperature. Lipids (also known as greases, and fatty acids (FAs)) are a key component of natural foods as well as many synthetic chemicals and emulsions. The compositional parameters of bioactive lipids determine their contribution to health.
Bangladesh has experienced rapid development in urbanization and lifestyle changes in recent years. Due to this urban fat intake is higher than rural fat consumption. Because of its wide availability and low pricing, Southeast Asian countries, particularly Malaysia and Indonesia, are the largest producers and users of palm oil. Lipids such as cocoa butter (found in chocolate), palm oil, coconut oil, and mango kernel oils are gaining popularity in Japan as a result of their numerous uses in the food and beverage industry. This is resulting to expansion of the lipid market in the region.
China has a flourishing lipids industry, owing to considerable demand from the personal care and cosmetics, as well as the food and beverage industries. Another significant driver projected to enhance lipid sales over the projection period is China's developing food and beverage industry. A growing amount of research shows that diabetes could spread rapidly, especially in emerging and newly industrialized countries.
The China market dominated the Asia Pacific Lipid Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,301.9 Million by 2028. The Japan market is poised to grow at a CAGR of 8% during (2022 - 2028). Additionally, The India market would display a CAGR of 9.3% during (2022 - 2028).
Based on Application, the market is segmented into Food & Beverages, Pharmaceuticals, Nutrition & Supplements, and Others. Based on Source, the market is segmented into Plant-based and Animal-based. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Lipid Market is Projected to reach USD 12.8 Billion by 2028, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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, and Nordic Naturals, Inc.
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