Market revenue in 2022 | USD 403.7 million |
Market revenue in 2030 | USD 693.0 million |
Growth rate | 7% (CAGR from 2022 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 |
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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 18.45% in 2022. Horizon Databook has segmented the Indonesia lipid market based on clinical, pre-clinical covering the revenue growth of each sub-segment from 2018 to 2030.
The major factor driving the growth of lipids in Indonesia is the rising consumption of dietary supplements and functional food owing to the changing habits of Indonesians to spend more on diet products that offer health benefits. Rising incidences of malnutrition in the country have augmented the demand for dietary supplements and functional food in Indonesia.
Some of the major Indonesian dietary supplement manufacturers include The Tempo Group, BASF SE, Pfizer Inc., and Glanbia PLC. Malnutrition has been a complex problem in Indonesia for many years. A majority of the Indonesian population is either affected by obesity or undernutrition.
According to the Health Minister of Indonesia, Budi Gunadi Sadikin, as of 2021, approximately 10% of children suffered from malnutrition in Indonesia, and 45% of Indonesian households are not able to afford a nutritional diet.
Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia lipid market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia lipid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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