Pharmaceutical Lipids Market to be Worth US$ 10.3 Billion by 2030
Reports and Insights has published a new report titled, “Pharmaceutical Lipids Market: Opportunity Analysis and Future Assessment 2022-2030”
Global Pharmaceutical Lipids Market, By Product (Simple Lipids (Triglycerides, Waxes), Compound Lipids (Phospholipids, Sphignolipids, Glycolipds, Supholipds), Derived Lipids (Steroids, Sterol sulfates, Prostaglandins, Others), Cholesterol, Fatty Acids, Others), By Chemical Sources (Compound Lipids (1,2-Dimyristoyl-sn-glycero-3-phosphate (DMPA),1,2-Dipalmitoyl-sn-glycero-3-phosphate(DPPA),1,2-Distearoyl-sn-glycero-3-phosphate(DSPA),1,2-Dimyristoyl-sn-glycero-3-phosphoglycerol(DMPG),1,2-Dipalmitoyl-sn-glycero-3-phosphoglycerol(DPPG),1,2-Distearoyl-sn-glycero-3-phosphoglycerol(DSPG),1,Palmitoyl-2-oleoyl-sn-glycero-3-phosphoglycerol (POPG)), Others), Derived Lipids (Carotenoids, Retinol, Tocopherols, PGA2, PGB2, PGE2, PGF1α, Others), Others), By Source (Synthetic, Semi-Synthetic, Natural), By Composition (Simple Lipids, Compound Lipids, Derived Lipids), By Application (Conventional Lipid-based Drug Delivery Systems, Self-Emulsifying Drug Delivery Systems, Self-Microemulsifying Drug Delivery Systems, Liposomes, Solid Lipid Nanoparticles, Nanostructured Lipid Carriers, Others), By Route of Administration (Oral (Tablet, Solution), Parenteral (Intravenous, Intramuscular (Vaccines)), Topical) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The pharmaceutical lipids market is estimated to reach at a value of US$ 5,740.4 Mn by the end of 2022 and expected to reach at a value of US$ 10,306.1 Mn by 2030 with a significant CAGR of 7.6%.
Key Takeaways from the Market Study :
Lipids can be understood as an heterogeneous group of organic compounds which are usually exhibited in plants, animals, as well as microorganisms. They integrate fats, waxes, sterols, and fat-soluble nutrients which are organic molecules. The pharmaceutical lipids have majority of their utility as drug excipients for the formation of a drug. The soaring prevalence of chronic conditions among the population, in present times, such as cancer, cardiac and neurological ailments is majorly propelling the demand of new drugs and efficient drug delivery mechanism, thereby accelerating the demand for pharmaceutical lipids across the global markets.
Growing demand for oral solid drug formulations to propel the demand of pharmaceutical lipids around the globe
Notably, lipids are gaining traction owing to their low toxicity levels. These properties of lipids further aid in effective drug delivery. Owing to which, the global pharmaceutical lipids market is projected to witness significant growth over the following years. In addition to that, in accordance with the American Association of Pharmaceutical Scientists (AAPS), about 90% of pipeline drugs and 40% of marketed drugs have low water solubility. On the basis of presumption, lipid-based preparations and drugs are becoming more frequent in diagnostics, vaccines, pharmaceuticals, and nutraceuticals. Such factors are further estimated to play a major role in accelerating the growth of the global pharmaceutical lipids market over the years. What is more, the growing adoption of a comprehensive range of natural, semi-synthetic, synthetic, or entirely man-made lipids and polymers in the creation of several different dosage forms is further estimated to propel the market in the coming years.
Reports and Insights Study identifies some of the key participating players in the pharmaceutical lipids market globally are ABITEC Corporation (ABF Ingredients) BASF SE, Croda International Plc, CordenPharma, NOF (Nippon Oil & Fats) Corporation, Cayman Chemical Company, Lipoid GmbH, Nippon Fine Chemical Co. Ltd., Dishman Group, Gattefossé, IOI Oleo GmbH, Stepan Company, Evonik Industries AG, among others.
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