Lipid Nutrition

Lipid Nutrition Market Outlook

The global lipid nutrition market is projected to reach approximately USD 5.3 billion by 2035, with a compound annual growth rate (CAGR) of around 7.2% during the forecast period from 2025 to 2035. This growth can be attributed to the rising awareness regarding the health benefits of lipid-based nutrients, particularly omega-3 and omega-6 fatty acids, as well as growing consumer demand for dietary supplements aimed at enhancing health and wellness. The surge in the prevalence of chronic diseases such as cardiovascular disorders and the increasing number of health-conscious consumers further drive the demand for lipid nutrition products. Additionally, innovations in food technology and an increasing focus on clean-label products are expected to bolster growth in this sector. Companies are also investing in product development and marketing strategies to tap into diverse consumer segments, contributing to the overall expansion of the market.

Growth Factor of the Market

One of the primary growth factors fueling the lipid nutrition market is the increasing consumer inclination towards preventive healthcare. As consumers become more health-conscious, there is a growing demand for supplements that help in maintaining optimal health and preventing diseases. Furthermore, the expanding e-commerce platforms have made it easier for consumers to access a wider range of lipid-based products, thereby enhancing market penetration. The rise in disposable income, particularly in developing regions, has also led to increased expenditure on health and wellness products. Additionally, innovations in lipid formulation and product delivery methods have opened up new avenues for growth. The increasing awareness about the nutritional benefits of specific lipid types, like medium-chain triglycerides, has attracted significant consumer interest, leading to expanded product offerings in both dietary and functional foods.

Key Highlights of the Market

• The global lipid nutrition market is projected to reach USD 5.3 billion by 2035.
• North America leads the market, driven by high consumer awareness and demand for dietary supplements.
• Omega-3 fatty acids are expected to dominate the product type segment due to their health benefits.
• The online distribution channel is growing rapidly as consumers increasingly prefer online shopping for health products.
• Functional foods are witnessing heightened demand, reflecting a broader shift towards healthier eating habits.

By Product Type

Omega-3 Fatty Acids:

Omega-3 fatty acids are anticipated to hold the largest share of the lipid nutrition market due to their established health benefits, particularly in cardiovascular health and inflammation reduction. These essential fats are primarily sourced from fish oil and algal oil, making them a popular choice among health enthusiasts. As scientific research continues to uncover the myriad of benefits associated with omega-3s, including improved brain function and visual health, its consumption in dietary supplements and fortified foods has significantly increased. Additionally, the growing trend of plant-based diets has led to a rise in demand for vegan sources of omega-3, further propelling the market for algal oil products.

Omega-6 Fatty Acids:

Omega-6 fatty acids are also a significant segment in the lipid nutrition market, primarily derived from vegetable oils such as sunflower and safflower oil. While these fats are essential for the body, the increasing awareness about the balance between omega-3 and omega-6 fatty acids has led to a more cautious approach in their consumption. Despite this, omega-6 fatty acids remain essential due to their role in promoting skin health and supporting metabolic processes. The growing use of omega-6 in various food products, including cooking oils and processed foods, is expected to maintain its relevance in the market.

Medium Chain Triglycerides:

Medium Chain Triglycerides (MCTs) are gaining popularity in the lipid nutrition market, particularly among fitness enthusiasts and individuals following ketogenic diets. MCTs are easily digestible fats that provide a quick source of energy and have been associated with various health benefits, including weight management and improved cognitive function. The rise of health trends advocating for high-fat, low-carbohydrate diets has propelled the demand for MCT oil in dietary supplements and functional foods. As consumers continue to seek out healthy fat alternatives, MCTs are expected to see robust growth in their market share.

Phospholipids:

Phospholipids are essential components of cell membranes and play a critical role in cellular function. Their increasing application in the dietary supplements segment, particularly for cognitive health and memory enhancement, is driving their growth in the lipid nutrition market. Phospholipids, particularly those derived from soy lecithin and egg yolk, are recognized for their ability to improve lipid metabolism and support liver health. The rising demand for brain health supplements among aging populations is expected to further boost the market for phospholipids, as they are often included in formulations targeting neurological health.

Sphingolipids:

Sphingolipids, although a smaller segment in the lipid nutrition market, are increasingly being recognized for their health benefits, particularly in relation to cell signaling and inflammation modulation. These lipids are found in certain foods such as dairy products and are gaining traction in the supplement market due to their potential role in supporting gut health and immune function. As research highlights their health benefits, sphingolipids are likely to see increased incorporation in functional foods and dietary supplements, catering to health-conscious consumers seeking holistic wellness solutions.

By Application

Dietary Supplements:

The dietary supplements segment is expected to occupy a significant share of the lipid nutrition market as consumers increasingly turn to supplements for their health needs. With the rise of preventive healthcare, omega-3 fatty acids, MCTs, and phospholipids are commonly formulated into capsules, soft gels, or powders targeted towards specific health benefits. The convenience of dietary supplements, along with growing awareness of their health advantages, is driving rapid market growth. Furthermore, the expanding product line in terms of flavors and formulations enhances the attractiveness of these products to a broader consumer base.

Infant Formula:

Infant formula is a crucial segment within the lipid nutrition market, primarily utilizing omega-3 and omega-6 fatty acids to promote healthy growth and development in infants. The inclusion of these essential fats in infant nutrition is backed by scientific studies demonstrating their role in brain development and visual acuity. The increasing birth rates in developing regions and the rise in dual-income households have heightened demand for convenient infant feeding options. As a result, manufacturers are focusing on enhancing the nutritional profile of infant formulas, integrating high-quality lipids to better meet the needs of this sensitive demographic.

Functional Food:

The functional food segment is witnessing significant growth as consumers seek food products that offer health benefits beyond basic nutrition. Lipids, particularly omega-3 fatty acids and MCTs, are being incorporated into various functional foods such as snacks, dairy products, and beverages. This trend is driven by the rising consumer preference for convenient, healthy food options that contribute to overall well-being. Innovative product formulations that highlight the health benefits of lipids are attracting health-conscious consumers, providing a strong impetus for the growth of this segment.

Pharmaceuticals:

Pharmaceutical applications of lipid nutrition are becoming increasingly significant, with research highlighting the therapeutic benefits of lipids in treating a variety of health conditions. Lipid-based formulations are being explored for their potential in drug delivery systems, particularly for improving the bioavailability and efficacy of certain medications. Furthermore, specific lipid types are gaining attention for their role in managing chronic conditions such as cardiovascular diseases and metabolic disorders. As the pharmaceutical industry continues to explore the advantages of lipid-based therapies, this segment is projected to grow substantially in the coming years.

Animal Nutrition:

Animal nutrition is a growing application area for lipid nutrition, particularly in the livestock and aquaculture sectors. The inclusion of omega-3 and omega-6 fatty acids in animal feeds is known to enhance growth rates, improve feed efficiency, and promote overall health in animals. The increasing demand for high-quality meat, eggs, and dairy products is driving the need for effective nutritional strategies in animal husbandry. As consumers become more concerned about animal welfare and the nutritional quality of animal-derived products, the application of lipids in animal nutrition will continue to expand, contributing to the overall growth of the lipid nutrition market.

By Distribution Channel

Online Stores:

Online stores have emerged as a dominant distribution channel in the lipid nutrition market, driven by the growing preference for digital shopping among consumers. The convenience of browsing and purchasing products from the comfort of home, coupled with the extensive range of options available online, has significantly boosted sales in this channel. E-commerce platforms often provide detailed product information and customer reviews, helping consumers make informed decisions. Additionally, promotional offers and discounts available through online channels attract price-sensitive consumers, further driving growth in this segment.

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets remain crucial distribution points for lipid nutrition products, offering consumers easy access to a variety of health supplements and functional foods. These retail spaces typically showcase a wide range of brands and products, enabling consumers to compare options conveniently. As health and wellness continue to be prioritized by consumers, supermarket chains are increasingly dedicating shelf space to lipid-based products, thus enhancing visibility and accessibility. The combination of in-store promotions and knowledgeable staff helps consumers make choices that align with their health goals.

Health Food Stores:

Health food stores are increasingly popular among consumers seeking specialized lipid nutrition products that focus on natural and organic ingredients. These stores cater to health-conscious individuals who are often looking for specific nutritional benefits associated with lipid consumption. Moreover, health food stores typically offer a curated selection of high-quality supplements, including fish oil, algal oil, and MCT products. The personalized service and expertise provided by staff in these stores can further enhance the shopping experience, making them a favored choice for consumers prioritizing health.

Convenience Stores:

Convenience stores are also playing a growing role in the distribution of lipid nutrition products, capitalizing on the increasing demand for on-the-go health options. As consumers seek convenient and quick access to health products, many convenience stores are expanding their offerings to include dietary supplements and functional food items. The appeal of purchasing health products during routine errands or while traveling has prompted these stores to stock a variety of lipid-based options, catering to busy lifestyles. This trend is likely to continue as health awareness spreads among all demographics, particularly among urban consumers.

Others:

Other distribution channels, including specialty retailers and direct sales, contribute to the growth of the lipid nutrition market by offering unique products that may not be available through mainstream outlets. Specialty retailers often focus on more niche markets, providing premium quality lipid nutrition products and personalized service to their customers. Direct selling models, such as subscription services, are also gaining traction, offering consumers the convenience and flexibility of receiving their preferred products regularly at their doorstep. These alternative channels expand the reach of lipid nutrition products and cater to diverse consumer preferences.

By Ingredient Type

Fish Oil:

Fish oil is one of the most widely consumed sources of omega-3 fatty acids, making it a significant ingredient in the lipid nutrition market. The popularity of fish oil supplements stems from their numerous health benefits, including support for heart health, brain function, and inflammation reduction. With growing awareness about the positive impacts of omega-3s on overall well-being, the demand for fish oil products continues to rise, particularly among health-conscious consumers and those with specific dietary restrictions. The development of high-quality and sustainably sourced fish oil products further appeals to environmentally conscious consumers.

Algal Oil:

Algal oil is gaining traction as a plant-based source of omega-3 fatty acids, making it a popular alternative for vegetarians and vegans. Derived from certain species of algae, algal oil is not only rich in EPA and DHA but also offers sustainable sourcing benefits. As consumer interest in plant-based diets increases, the demand for algal oil in dietary supplements and functional foods is expected to rise significantly. Moreover, algal oil's positive environmental impact—compared to traditional fish oil—appeals to a growing segment of consumers who prioritize sustainability in their purchasing decisions.

Flaxseed Oil:

Flaxseed oil is recognized as a valuable source of alpha-linolenic acid (ALA), a type of omega-3 fatty acid known for its health benefits, including cardiovascular support and anti-inflammatory properties. As awareness of the benefits of plant-based omega-3s rises, flaxseed oil is becoming increasingly popular among consumers looking for vegetarian or vegan-friendly options. The oil is commonly available in liquid form or as capsules and is often used in dietary supplements and functional foods. The growing emphasis on holistic wellness and preventive health has contributed to the expansion of flaxseed oil in the lipid nutrition market.

Coconut Oil:

Coconut oil has gained popularity due to its medium-chain triglyceride (MCT) content, which is associated with various health benefits, including improved metabolism and cognitive function. The rise of the ketogenic diet and other high-fat dietary trends has further propelled the demand for coconut oil among health-conscious consumers. Its versatility as both a cooking oil and a supplement has made it a staple in many households. As more people seek to incorporate healthy fats into their diets, coconut oil's prominent role in lipid nutrition is expected to grow.

Egg Yolk Lipids:

Egg yolk lipids are recognized for their rich nutrient profile, including essential fatty acids and phospholipids that support brain health and cellular function. This ingredient is increasingly being incorporated into dietary supplements and functional foods aimed at enhancing cognitive performance. As research continues to unveil the benefits of egg yolk lipids, demand is likely to increase, particularly in sectors focusing on cognitive health. The appeal of egg yolk lipids as a nutritional powerhouse is likely to drive innovation and product development in the lipid nutrition market.

By Region

The lipid nutrition market exhibits notable regional differences, with North America leading the market due to high consumer awareness regarding health and wellness. The North American market is projected to grow at a CAGR of 6.8% during the forecast period, driven by a robust demand for dietary supplements and functional foods rich in omega-3 fatty acids. The presence of established key players and a well-developed distribution network further support market growth in this region. Additionally, the increasing prevalence of lifestyle-related diseases has prompted more consumers to seek preventive healthcare solutions, thereby escalating the demand for lipid nutrition products.

In Europe, the demand for lipid nutrition products is also on the rise, fueled by growing consumer interest in health and wellness and an emphasis on preventive healthcare practices. This region is experiencing increased consumption of functional foods, dietary supplements, and animal nutrition products. As health-conscious consumers seek out products that offer specific health benefits, the European lipid nutrition market is expected to witness steady growth. However, regulations regarding health claims and product formulations can pose challenges for market players operating in this region.

Opportunities

The lipid nutrition market presents numerous opportunities for growth, particularly in the realm of product innovation and development. As consumers increasingly seek personalized nutrition solutions, companies have the chance to create tailored lipid formulations that cater to specific health needs or dietary preferences. This trend can lead to the introduction of new product lines that feature unique combinations of lipids and other ingredients to appeal to niche consumer segments, such as those interested in plant-based options or specific health benefits like cognitive enhancement. Moreover, leveraging advancements in food technology and delivery systems can enhance the bioavailability of lipid nutrients, thereby improving consumer acceptance and satisfaction.

Another significant opportunity lies in expanding the market presence in emerging economies. With rising disposable incomes and changing dietary habits, there is a growing demand for health-enhancing products in regions such as Asia Pacific and Latin America. Companies can capitalize on this trend by entering these markets with targeted marketing strategies that emphasize the health benefits of lipid nutrition. Collaborations with local distributors and retailers can also help establish a foothold in these regions, enabling companies to better understand consumer preferences and adapt their offerings accordingly.

Threats

While the lipid nutrition market presents promising growth potential, it is not without its challenges. One of the key threats is the increasing prevalence of counterfeit products and misinformation surrounding health claims. Consumers may be drawn to products that make exaggerated claims about their benefits, leading to potential health risks and damaging the overall credibility of the market. Regulatory scrutiny regarding health claims can also pose risks, as companies must ensure their products comply with stringent guidelines to avoid penalties or product recalls. Additionally, fluctuating raw material prices can impact production costs, thereby affecting profitability for manufacturers.

Another threat arises from intense competition within the lipid nutrition market. With a growing number of players entering the space, companies face pressure to differentiate their offerings and maintain competitive pricing. This competition can lead to price wars and reduced profit margins, making it essential for companies to innovate continually and provide high-quality products to retain consumer loyalty. The reliance on specific ingredient types, such as fish oil, also presents a risk, as fluctuations in supply and demand for these ingredients can impact availability and costs, influencing manufacturers' ability to meet market needs.

Competitor Outlook

• DSM Nutritional Products
• BASF SE
• Nordic Naturals
• Amway Corporation
• Nutraceutical International Corporation
• Nature's Way Products, LLC
• Unilever
• Herbalife Nutrition Ltd.
• Omega Protein Corporation
• Cargill, Inc.
• Fonterra Co-operative Group Ltd.
• Archer-Daniels-Midland Company (ADM)
• Ginkgo BioWorks, Inc.
• SeaBridge Group, Inc.
• Corbion N.V.

The competitive landscape of the lipid nutrition market is characterized by a mix of established players and emerging companies, all vying for market share. Major companies such as DSM Nutritional Products and BASF SE are known for their extensive portfolios of high-quality lipid-based products, including omega-3 fatty acids and specialty fats. These companies leverage their research and development capabilities to innovate and introduce new formulations that meet the evolving needs of health-conscious consumers. Their established distribution networks and brand recognition further support their competitive positioning in the market.

In addition to established companies, new entrants are making their mark by focusing on niche markets and unique product offerings. For instance, Nordic Naturals and Omega Protein Corporation are popular for their commitment to sustainability and the quality of their fish oil products. These companies are gaining traction among environmentally conscious consumers, highlighting the importance of sustainable sourcing and production practices. As consumer preferences evolve, these smaller companies are poised to capture a share of the market by addressing specific health concerns or dietary preferences.

Furthermore, the trend toward natural and organic ingredients is prompting companies to reformulate existing products to appeal to health-conscious consumers. Unilever and Herbalife Nutrition Ltd. are examples of larger players that have adapted to these trends by expanding their product lines to include lipid-based supplements that emphasize natural ingredients and health benefits. This responsiveness to consumer demand for transparency and high-quality products positions these companies favorably in the competitive landscape, allowing them to retain consumer trust and loyalty.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Unilever
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Corbion N.V.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Cargill, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Nordic Naturals
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Amway Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Ginkgo BioWorks, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 SeaBridge Group, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 DSM Nutritional Products
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Herbalife Nutrition Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Omega Protein Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Nature's Way Products, LLC
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Fonterra Co-operative Group Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Archer-Daniels-Midland Company (ADM)
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Nutraceutical International Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Lipid Nutrition Market, By Application
    • 6.1.1 Dietary Supplements
    • 6.1.2 Infant Formula
    • 6.1.3 Functional Food
    • 6.1.4 Pharmaceuticals
    • 6.1.5 Animal Nutrition
  • 6.2 Lipid Nutrition Market, By Product Type
    • 6.2.1 Omega-3 Fatty Acids
    • 6.2.2 Omega-6 Fatty Acids
    • 6.2.3 Medium Chain Triglycerides
    • 6.2.4 Phospholipids
    • 6.2.5 Sphingolipids
  • 6.3 Lipid Nutrition Market, By Ingredient Type
    • 6.3.1 Fish Oil
    • 6.3.2 Algal Oil
    • 6.3.3 Flaxseed Oil
    • 6.3.4 Coconut Oil
    • 6.3.5 Egg Yolk Lipids
  • 6.4 Lipid Nutrition Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Supermarkets/Hypermarkets
    • 6.4.3 Health Food Stores
    • 6.4.4 Convenience Stores
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Lipid Nutrition Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Lipid Nutrition market is categorized based on

By Product Type

• Omega-3 Fatty Acids
• Omega-6 Fatty Acids
• Medium Chain Triglycerides
• Phospholipids
• Sphingolipids

By Application

• Dietary Supplements
• Infant Formula
• Functional Food
• Pharmaceuticals
• Animal Nutrition

By Distribution Channel

• Online Stores
• Supermarkets/Hypermarkets
• Health Food Stores
• Convenience Stores
• Others

By Ingredient Type

• Fish Oil
• Algal Oil
• Flaxseed Oil
• Coconut Oil
• Egg Yolk Lipids

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• DSM Nutritional Products
• BASF SE
• Nordic Naturals
• Amway Corporation
• Nutraceutical International Corporation
• Nature's Way Products, LLC
• Unilever
• Herbalife Nutrition Ltd.
• Omega Protein Corporation
• Cargill, Inc.
• Fonterra Co-operative Group Ltd.
• Archer-Daniels-Midland Company (ADM)
• Ginkgo BioWorks, Inc.
• SeaBridge Group, Inc.
• Corbion N.V.