Market revenue in 2022 | USD 275.3 million |
Market revenue in 2030 | USD 474.8 million |
Growth rate | 7.1% (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 Malaysia lipid market based on clinical, pre-clinical covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Malaysian Investment Development Authority (MIDA), Malaysia has the potential to become a global manufacturing hub of vaccines for covid-19 and other viruses in the future, due to the rising global requirement for vaccines for infections like COVID-19.
The government of Malaysia introduced a new tax relaxation in the budget 2022 to attract foreign investments in the country’s pharmaceutical industry. In addition, the prevailing COVID-19 situation and the risk of heart disease have escalated the demand for pharmaceutical products. This is expected to drive the demand for lipids from the pharmaceutical industry in Malaysia over the projected years.
Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia lipid market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia lipid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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