Lipid Nanoparticles Market is expected to reach US$ 3,175.5 Million by 2033

In 2023, the global Lipid Nanoparticles Market is anticipated to be worth US$ 887.2 million. With rising health concerns about dietary supplements as a result of Covid-19, and rising dietary supplement use, the overall market for Lipid Nanoparticles is expected to expand at a CAGR of 13.6% between 2023 and 2033, reaching roughly US$ 3,175.5 million by 2033.

Rapid increase in population in regions like Asia Pacific, Europe, and North America is one of the major factors that is anticipated to contribute to the demand products such as pharmaceutical & healthcare, dietary supplements, functional food, functional beverages, cosmetic & personal care, and more. High content of omega 3 and omega 6 in lipids is the primary factor driving the significant use of it in food & beverage products.

Additionally, the rising global prices of fatty acids and other raw materials act as a barrier to the market growth globally. These price fluctuations are a repercussion of the impact of the COVID-19 and the ongoing European geopolitical conflict. In North America, the price of fatty acids fluctuated in the first quarter of 2022 on the account of decline in demand for fatty acids from personal care, cosmetic, and food industry. Furthermore, American fatty acids manufacturers had to face supply shortages from Asian countries.

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However, the market players are focusing on R&D and are coming with new advancements in the Lipid Nanoparticles technology, which in turn is projected to create lucrative opportunities for the market in the near future.

Factors such as the increasing demand for medicines due to high incidence of cancer, chronic diseases, as well as growing focus on physical well-being are expected to propel the sales of pharmaceutical lipids over the analysis period.

Pharmaceutical excipients aid lipids to achieve better functionalities, such as longer shelf-life, and boosts the efficacy in formulations. In addition, rising demand in emerging economies is pushing local drug production, which is augmenting the sales in the market. Also, manufacturers are investing in research and development to formulate specific products to tap into the market.

Moreover, advancements are creating lucrative avenues for the market expansion in the compositions of lipid nanoparticles for in-vivo systemic delivery of mRNA. For instance, as per the National Cancer Institute (NCI), by 2030, there will be 23.6 million new instances of cancer annually, making it one of the top causes of death in the world.

The key manufacturing companies in the lipid nanoparticles market are focusing on developing lipid nanoparticle (LNP) based drugs, in order to address certain medical challenges. In addition, they are focusing on collaborations with government organizations to establish new lipid production facilities. This has led to a rise in demand for nanomaterials and lipid-based carriers globally.

The major players are investing high for product development activities and their approach towards enhancing the business through product launch and acquisition is projected to fuel the growth of global pharmaceutical lipids market in the forthcoming years.

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Key Takeaways from the Market Study

• Global Lipid Nanoparticles Market was valued at US$ 781.0 Million by 2022-end
• From 2018 to 2022, the market demand expanded at a CAGR of 6.2%
• By Type, the Solid Lipid Nanoparticles segment of the market constitutes the bulk of the market with a market share of 45%
• By End-User, the Pharmaceutical & Biotechnology segment dominates the market with a share of 43%
• From 2023 to 2033, Lipid Nanoparticles sales are expected to flourish at a CAGR of 13.6%.
• By 2033, the market value of Lipid Nanoparticles is expected to reach US$ 3,175.5 Million.

Leading manufacturers are focused on implementing technological advancements to reduce their drug development and manufacturing costs. This, in turn is expected to boost the growth of the Lipid Nanoparticles Market during the forecast period, remarks an FMI analyst.

Competitive Landscape

Prominent players in the Lipid Nanoparticles market are Merck KGaA, Evonik Industries AG, Gattefossé, Precision NanoSystems, IOI Oleo GmbH, Genevant Sciences, Exelead, Avanti Polar Lipids, Nippon Fine Chemicals Co. Ltd., Lipoid GmbH, Cargill, Incorporated, BASF SE, Archer Daniels Midland Company, Koninklijke DSM N.V., Kerry Group plc., Nordic Naturals, Inc., Clover Corporation, Croda International plc., Lipoid Kosmetik AG, and Omega Protein Corporation, among others.

Recent Developments:

• In October 2022, Polypeptide Therapeutic Solutions (PTS), key player in the manufacturing and development of polyamino-acid based delivery systems expanded its drug delivery capabilities including novel nanoparticle formulation and functional lipid excipients.
• In September 2022, National Institute of Allergy and Infectious Diseases awarded USD 13.8 million contract to the University of California for conducting immune profiling of lipid nanoparticles to study their role in increasing vaccine protective responses.

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Key Segments Covered in the Lipid Nanoparticles Industry Analysis

Lipid Nanoparticles Market by Type:

• Solid Lipid Nanoparticles (SLNs)
• Nanostructured Lipid Carriers (NLCs)
• Others

Lipid Nanoparticles Market by Application:

• Therapeutics
• Research

Lipid Nanoparticles Market by End-User:

• Pharmaceutical & Biotechnology Companies
• Academic & Research Institutes
• Others

About Healthcare at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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