South Korea Lipid Market Size & Outlook, 2022-2030
South Korea lipid market, 2018-2030 (US$M)
Related Markets
South Korea lipid market highlights
- The South Korea lipid market generated a revenue of USD 73.4 million in 2022 and is expected to reach USD 128.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.2% 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 73.4 million |
| Market revenue in 2030 | USD 128.3 million |
| Growth rate | 7.2% (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, South Korea accounted for 0.8% 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 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 |
|---|
South Korea 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 18.39% in 2022. Horizon Databook has segmented the South Korea lipid market based on clinical, pre-clinical covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Ministry of Food and Drug Safety of South Korea, the country’s functional food production grew by 20% in 2021, from that in 2020. The growth is attributed to the rising consumption of functional food owing to increasing health concerns coupled with the growing population of the country.
According to The Korea National Health and Nutrition Examination Survey, the obesity rate in South Korea was 38.3% of the total population in 2022. Factors such as rising consumption of fast food, skipping of breakfast, and essential nutrient deficiency have resulted in increasing obesity among South Korea’s population.
However, rising health concerns on account of COVID-19 are expected to bolster the demand for dietary supplements and functional food in South Korea, which is expected to escalate the demand for lipids in the country over the projected years.
Reasons to subscribe to South Korea 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 South Korea 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 South Korea lipid market , including forecasts for subscribers. This country databook contains high-level insights into South Korea lipid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea lipid market size, by phase, 2018-2030 (US$M)
South Korea Lipid Market Outlook Share, 2022 & 2030 (US$M)
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