Philippines Lipid Market Size & Outlook, 2022-2030
Philippines lipid market, 2018-2030 (US$M)
Related Markets
Philippines lipid market highlights
- The Philippines lipid market generated a revenue of USD 348.7 million in 2022 and is expected to reach USD 598.0 million by 2030.
- The Philippines market is expected to grow at a CAGR of 7% 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 348.7 million |
| Market revenue in 2030 | USD 598.0 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 |
Other key industry trends
- In terms of revenue, Philippines accounted for 3.7% 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 Asia Pacific, China lipid market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 989.8 million by 2030.
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Lipid Market Scope
Lipid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Philippines 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 18.44% in 2022. Horizon Databook has segmented the Philippines lipid market based on clinical, pre-clinical covering the revenue growth of each sub-segment from 2018 to 2030.
According to International Trade Administration, increasing risks of pneumonia, diabetes, cancer, and cardiovascular diseases have boosted the consumption of dietary supplements and functional foods in the Philippines. The Philippines is considered a lower-middle-income country.
The outbreak of COVID-19 has increased the consumption of nutraceutical products in the Philippines. The major driver of the consumption of nutraceutical products in the Philippines is their high consumption to improve the immune system, hair, skin, and nails, and to improve sleep, among others.
Usana Health Sciences Inc is among the top nutraceutical manufacturers in the Philippines. Rising health concerns, coupled with the improving income of consumers, are anticipated to drive the demand for dietary supplements, thereby, augmenting the demand for lipids in the Philippines over the coming years.
Reasons to subscribe to Philippines 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 Philippines 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 Philippines lipid market , including forecasts for subscribers. This country databook contains high-level insights into Philippines lipid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Philippines lipid market size, by phase, 2018-2030 (US$M)
Philippines Lipid Market Outlook Share, 2022 & 2030 (US$M)
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