|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Global nutrition lipid market to grow at 9.3% to $16,429 million by ’27
|
|
Monday, 12 August, 2019, 15 : 00 PM [IST]
|
|
|
The global nutrition lipid market accounted for $7,443.2 million in 2018. and is expected to grow at a CAGR (compound annual growth rate) of 9.3 per cent during the forecast period 2019 to 2027, to account for $16,429.6 million by 2027.
This was among the findings of MarketStudyReport.com’s report on the global nutrition lipid market, which evaluated the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provided the market share, growth, trends and forecasts for the aforementioned period.
Nutrition lipid plays an essential role in the absorption of essential vitamins such as A, D, and E. It has wide applications in industries such as food and beverages, personal care industries, and pharmaceuticals.
The nutrition lipid market is mainly driven by factors, such as growing awareness of healthy diet among the consumers and rising cases of chronic diseases in developed and developing countries. The increasing demand for omega-3 foods further bolster the demand for the nutrition lipid market.
A key trend which is projected to affect the nutrition lipid market in the coming year is the growing awareness about nutrition lipids in the emerging economies. The nutrition lipid market is emerging owing to increased awareness about the advantages of a healthy diet among the consumers and growing health concerns.
The rising innovation, such as functional foods, pharmaceuticals, and dietary supplements, are creating growth opportunities for nutrition lipid in emerging economies.
The growing infant and women nutrition markets in emerging region such as the Asia Pacific and Africa. The liberalisation of foreign direct investments in the food sector, are the main factors that generate opportunities for the global nutrition lipid market.
Moreover, the rising demand for supplements and functional foods together with growing disposable income in the Asian and African region is expected to boost the nutrition lipid market growth over the forecast period.
Also, the demand for infant foods containing omega-3 is growing in emerging regions. There is growing awareness of the benefits of omega-3 in terms of healthy infant growth among parents in these regions. Thus, these factors are propelled to create opportunities in the market.
Based on application, the nutrition lipid market is bifurcated into, dietary, supplements and Nutraceutical, pharmaceutical, infant formula, animal nutrition, food fortification, and others.
The supplements and nutraceutical segments is anticipated to hold the largest market share due to the demand for better nutritional value in daily diet.
According to the US Food and Drug Administration, intake of dietary supplements as products which contain dietary ingredients, such as vitamins, minerals, and others enables better ingestion.
The dietary supplements are expected at reducing the risk of chronic diseases and improve the nutritional value in daily diet.
The composition of dietary supplements and nutraceutical improves overall health. As consumers around the globe are more aware of the benefits offered by dietary supplements and nutraceuticals, it is expected to increase the demand of the global nutrition lipid market.
The global nutrition lipid market by the type has been segmented into omega-3, omega-6, medium-chain triglycerides, and others.
Omega-3 is evolving as some of the most widely useful compounds in human health. Factors which are enhancing the demand for omega-3 are the health benefits of consuming omega-3, advanced product introductions, and robust consumer awareness and demand.
Omega-3 is the most promising and successful functional ingredients in the food and beverage industry.
Also, due to an increasingly educated consumer base, numerous other drivers are boosting this market such as innovative formulations and technology developments which are expanding omega-3.
Numerous factors create a positive growth environment for omega-3 products such as expanding governmental, medical, and public awareness of omega-3 and its varied range of health benefits and increased market involvement by major marketers.
Some of the players present in nutrition lipid market are Archer Daniels Midland Company, BASF SE, Croda International Plc, Koninklijke DSM N V, Neptune Wellness Solutions, Inc, Nordic, Naturals, Inc, Omega Protein Corporation, Pelagia AS, Pharma Marine AS, and Polaris, among others.
The report has segmented the global nutrition lipid market on the basis of source, form, type, application and region.
Nutrition lipid market growth, by source
• Animal source
• Plant source
Nutrition lipid market trends, by form
• Powder
• Liquid
Nutrition lipid market size, by type
• Omega-3
• Omega-6
• Medium-Chain Triglycerides (MCT)
• Food Services
• Household
Nutrition lipid market share, by application
• Dietary supplements and nutraceuticals
• Pharmaceutical
• Infant formula
• Animal nutrition
• Food fortification
|
|
|
|
|
|
|
|
|
|