Belgium Lipid Market Size & Outlook, 2023-2030
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Belgium lipid market highlights
- The Belgium lipid market generated a revenue of USD 239.3 million in 2022 and is expected to reach USD 371.2 million by 2030.
- The Belgium market is expected to grow at a CAGR of 5.9% from 2023 to 2030.
- In terms of segment, clinical was the largest revenue generating phase in 2022.
- Clinical is the most lucrative phase segment registering the fastest growth during the forecast period.
Lipid market data book summary
| Market revenue in 2022 | USD 239.3 million |
| Market revenue in 2030 | USD 371.2 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Clinical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical, Pre-clinical |
| Key market players worldwide | Danaher Corp, Evonik Industries AG, Merck KGaA, Croda International PLC, Lipoid, Cargill, Basf SE, Archer-Daniels Midland Co, Koninklijke DSM NV, Kerry Group PLC Class A, Nordic Naturals, Fiserv Inc, Omega Protein |
Other key industry trends
- In terms of revenue, Belgium accounted for 1.8% of the global lipid market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany lipid market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 999.3 million by 2030.
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Lipid Market Scope
Lipid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Omega Protein | View profile | 1001-5000 | Houston, Texas, United States, North America | http://omegaprotein.com/ |
| Lipoid | View profile | 11-50 | Ludwigshafen, Rheinland-Pfalz, Germany, Europe | http://www.lipoid.com/ |
| Fiserv Inc | View profile | 42000 | 255 Fiserv Drive, Brookfield, WI, United States, 53045 | https://www.fiserv.com |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Nordic Naturals | View profile | 251-500 | Watsonville, California, United States, North America | https://www.nordic.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
Belgium lipid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lipid market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 19.18% in 2022. Horizon Databook has segmented the Belgium lipid market based on clinical, pre-clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Belgium is among the prominent (bio)pharmaceutical markets in Europe. According to pharma.be (General Association of the Pharmaceutical Industry), Belgium was one of the prominent R&D spenders in the European pharmaceutical and biomedical sector.
The government aims to reinforce the country’s position as a strong ‘health and biotech valley’ in Europe. The increasing investment in various R&D activities in the field of (bio)pharmaceuticals in the country coupled with government support to strengthen the country’s position in the global pharmaceutical sector is expected to drive the lipid market over the coming years.
In addition to the robust pharmaceutical industry, Belgium is also known for its chocolate and chocolate products. The well-established chocolate industry in Belgium coupled with the increasing usage of lipids in the chocolate industry is expected to drive the market.
Reasons to subscribe to Belgium lipid market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Belgium lipid market databook
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Our clientele includes a mix of lipid market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Belgium lipid market , including forecasts for subscribers. This country databook contains high-level insights into Belgium lipid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Belgium lipid market size, by phase, 2018-2030 (US$M)
Belgium Lipid Market Outlook Share, 2022 & 2030 (US$M)
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