During the forecast period, the Pharmaceutical Lipids Market is expected to grow at a 5.0% average CAGR. The market is predicted to generate $4.93 billion in sales in 2023 and reach $8.04 billion in value by 2033.
According to a recent market analysis by Future Market Insights (FMI), the global Pharmaceutical Lipids Market will be worth $4.44 billion in 2021. With sales increasing at a 5.1% CAGR, the market is expected to be worth $7.70 billion by 2032.
Global demand for various drug formulations to treat chronic diseases is expected to drive pharmaceutical lipid sales. Stringent regulations governing the manufacture and distribution of excipients mandated by the International Pharmaceutical Excipient Council (IPEC) will improve the production of higher-quality pharmaceutical ingredients.
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Furthermore, efforts by governments and regulatory agencies in developed nations, such as the U.S. and the U.K., to streamline the approval process for excipients, are expected to push sales in the market. Because of their cost-effectiveness and patient compliance, oral solid dosage forms are the dominant mode of delivery in the pharmaceutical lipids market and are the preferred option for many pharmaceutical products.
The use of capsules or tablets for drug delivery provides advantages such as increased physical and chemical stability, ease of handling, distinct brand recognition based on colour and shape, and controlled-release options. The majority of liposomal drugs are derived from oral solid drug formulations. The ease of use among patients, particularly children, is expected to boost sales of oral drugs, which will have a direct impact on pharmaceutical lipid sales.
For example, conventional hard solid tablets are difficult to swallow for approximately 50% of patients. This has prompted pharmaceutical companies to create more innovative solid oral product forms, such as effervescent tablets, orally disintegrating granules (ODGs), lozenges, chewable tablets, and instant drinks. This is expected to generate significant demand for liposomal excipients during the forecast period, boosting market growth.
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“Increasing investments in contract manufacturing of pharmaceutical lipids, along with growing demand for oral solid drug formulation is expected to augment the growth in the market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Triglyceride sales are expected to account for more than 44.3% of the market by 2032, rising at a 5.1% CAGR during the forecast period.
- By form, the semi-solid segment commands more than 60.0% of the market in 2021 and is expected to account for 62.7% of the total market share by 2032.
- In terms of source, sales of semi-synthetic sources will increase at a 5.8% CAGR.
- In 2021, applications in the conventional lipid-based drug delivery systems (LBDDS) segment held a commanding 64.4% share.
- The most widely used route of administration will be oral pharmaceutical lipids. In 2021, the segment held 40.8% of the total market share.
- The U.S. will continue dominating the North America pharmaceutical lipids market over the forecast period owing to the presence of a robust healthcare sector.
- Demand in the U.K. pharmaceutical lipids market will surge at a 5.1% CAGR over the assessment period.
- Sales in the India market are slated to increase at a 5.2% CAGR, accounting for a lion’s share in the South Asia pharmaceutical lipids market.
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Competition Landscape
Acquisitions, mergers, expansion, development of an extensive clinical pipeline and product launches are the key strategies adopted by manufacturers to increase the consumer base in various countries. For instance:
- In July 2020, ABITEC announced the acquisition of Larodan AB, a manufacturer and international marketer of state-of-the-art, high-purity research grade lipids. The acquisition expanded ABITEC’s functional lipid product offerings and scientific capabilities to better serve the pharmaceutical, nutritional, and industrial markets.
- In January 2020, BASF completed the acquisition of polyamide business of Solvay.
- In July 2020, Croda International Plc announced the acquisition of Avanti Polar Lipids, Inc., a knowledge-intensive leader in lipid-based drug delivery technologies for the next generation of pharmaceuticals.
Key Companies Profiled
- ABITEC Corporation (ABF Ingredients)
- BASF SE
- Croda International Plc
- Corden Pharma
- NOF (Nippon Oil & Fats) Corporation
- Cayman Chemical Company
- Lipoid GmbH
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Key Market Segments Covered in Pharmaceutical Lipids Industry Research
By Product:
- Triglycerides
- Phospholipids
- Sphingolipids
- Cholesterol
- Fatty Acids
- Others
By Source:
- Synthetic
- Semi-synthetic
- Natural
By Form:
- Liquid
- Semi-solid
- Solid
By Application:
- Conventional Lipid-based Drug Delivery Systems
- Self-Emulsifying Drug Delivery Systems
- Self-Microemulsifying Drug Delivery Systems
- Liposomes
- Solid Lipid Nanoparticles
- Nanostructured Lipid Carriers
- Others
By Route of Administration:
- Oral
- Tablet
- Solution
- Parenteral
- Intravenous
- Intramuscular (Vaccines)
- Topical
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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