The Latin America, Middle East and Africa Lipid Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
Lipids are a type of chemical that is insoluble in water but soluble in chloroform, alcohol, and other non-polar cleansers. Along with carbohydrates and proteins, they are typically found in plant and animal cells. Growing consumer awareness of the product's health benefits, shifts in customer preferences, and a shift toward a healthier lifestyle all have an impact on the lipid market's growth. Furthermore, over the forecast period, product developments, growth in the number of applications, and rising demand for the product in developing countries provide profitable prospects for market companies.
Lipids come in a variety of shapes and functions. Triacylglycerols (TAGs) are the most prevalent lipids, and they are utilized by plants for extensive energy storage. Humans consume lipids from vegetables on a daily basis, such as cooking oil (>99 percent lipids) or nuts and seeds (up to 75 percent). Humans must consume some plant fats, while others are highly suggested for disease prevention reasons.
Mexico is the world's greatest user of sugary drinks, as well as the country with the world's largest fat population: 71.3 percent of adults are obese or overweight. Diabetes prevalence was 9.2% in 2012, which indicates that 12 million persons aged 20 and up have the disease. Only about 80% of those who have been diagnosed receive therapy. Only 25% of patients met their treatment goals, putting 24.7 percent at intermediate risk and 49.8 percent at extremely high risk of developing problems. As a result, the disease has become the leading cause of outpatient medical treatment, hospitalization, blindness, chronic renal failure, and non-traumatic amputations.
Diabetes is also the leading cause of death in persons aged 55 to 74, and its prevention and treatment costs 2.4 percent of GDP. Diabetes prevalence is expected to rise to between 14 percent and 22 percent by 2050.
The Brazil market dominated the LAMEA Lipid Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $256.3 Million by 2028. The Argentina market is estimated to grow at a CAGR of 10.6% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 9.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Lipid Market is Predict to reach $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.
By Application
By Source
By Country
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