The North America nutritional lipid market is accounted to US 2,193.3 Mn in 2018 and is expected to grow at a CAGR of 9.3% during the forecast period 2019 – 2027, to account to US$ 4,866.4 Mn by 2027.
Diet plays a major role as a risk factor for chronic diseases. Largely plant-based diets have been rapidly replaced by high-fat, energy-dense diets with a considerable content of animal-based foods. Physical inactivity can cause disease which can affect the health of any individual. The risk factors, such as tobacco use, is probably to have an additive effect, which could cause chronic disease in North America. Rising awareness of chronic diseases and growing use of omega 3 in the pharmaceutical industry coupled with rising R&D activities in North America is boosting the market. Furthermore, the growing consumption of enhanced medication is anticipated to drive the demand for omega 3-based products in North America over the forecast period. Hence, these factors are known to drive the North America nutrition lipid market.
North America Nutritional Lipid Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Rising cases of chronic diseases to favor the North America nutritional lipid market
Chronic diseases are swiftly increasing. Nearly half of chronic disease deaths are attributable to cardiovascular diseases. However, obesity and diabetes are also affecting a large proportion of the population. Several factors have progressed in the prevention of chronic diseases such as low fat intake, healthy diet, etc. Omega 3, a type of nutrition lipid, is swiftly becoming an essential tool in mainstream medicine. Omega 3 has health benefits for every age group. They provide protection against chronic disease such as asthma, cancer, arthritis, etc. and other major diseases. Omega-3 tune down the body’s infection and help prevent chronic diseases. Also, a lower ratio of omega-6 to omega-3 is more appropriate to reduce the risk of numerous chronic diseases and have become epidemics in North America.
Product Type Insights
The North America nutritional lipid market is segmented based of product type as omega-3, omega-6, medium-chain triglycerides, others. The omega-3 segment holds the largest share in the North America nutritional lipid market. The market of Omega-3 is propelled by factors such as an increase in awareness among consumer regarding a healthy & balanced diet and its health benefits. Also, omega-3 supplements such as EPA and DHA lessens the risk of colon, prostate, and breast cancer. A sufficient amount of EPA reduces the risk of depression and other health-related problems. Omega-3 obtained from a plant source, a good source of alpha-linolenic acid for vegetarians, delivers an opportunity for omega-3 market growth during the forecast period. The omega-3 is present in various fish such as mackerel, salmon, tuna, sardines, and herring and contain high amounts of omega-3s. Foods such as yogurt, eggs, milk, juices, and soy beverages, are fortified with DHA and other omega-3s.
Application Type Insights
The North America nutritional lipid market is segmented on the basis of application as dietary supplements and nutraceutical, pharmaceutical, infant formula, animal nutrition, food fortification, and others. The dietary supplements and nutraceutical holds the largest share in the North America nutritional lipid market followed by animal nutrition. Fat is one of the vital nutrients in diets and, like other nutrients such as fiber, protein, sugar, and starch. Fat offers benefits not available from other nutrient sources such as fiber and starch. Increase in domesticated animals and livestock population drive the growth of the animal nutrition market. Animal nutrition surges the focus on nutritional needs of animals, primarily those in agriculture and food production. Animal nutrition is significant for the productivity and health of agriculture animals. Several programs and organizations such as the National Animal Nutrition Program (NANP) work to identify high-priority animal nutrition concerns.
Source Insights
North America nutritional lipid market is segmented based on source as plant source and animal source. Various plant sources such as sunflowers, olives, soybean, and safflower and vegetables and fruits such as papaya, carrots, melon, and mango contain large amounts of nutritionally active carotenoids. Green leafy vegetables are a rich source of Vitamin A. A regular portion of these foods included in an individual’s diet might affect their health positively. Hence it is significant to consider the possibility of meeting vitamin A needs in the diet. The nutrition lipid market is anticipated to raise with trends of vegan food habit and supplementary diet by the urban population across the world. In developed countries, a large part of the population stays in the urban region, hence, leading to the growing demand for vital lipids to maintain health and wellness. Based on sources in the nutritional lipids market, the plant source segment is anticipated to grow considerably, owing to the growing preference of vegan for plant-derived nutrition. Increasing vegan population worldwide owing to rising health consciousness amongst consumers has positively influenced the product demand.
Rest of North America Nutritional Lipid Market by Product Type
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
NORTH AMERICA NUTRTIONAL LIPID MARKET SEGMENTATION
North America Nutrition Lipid Market – By Type
- Omega-3
- Omega-6
- Medium-Chain Triglycerides
- Others
North America Nutrition Lipid Market – By Application
- Dietary supplements and Nutraceutical
- Pharmaceutical
- Infant Formula
- Animal Nutrition
- Food Fortification
- Others
North America Nutrition Lipid Market – By Source
- Animal Source
- Plant Source
North America Nutrition Lipid Market – By Form
- Powder
- Liquid
Company Profiles
- Archer Daniels Midland Company
- BASF SE
- Croda International plc
- Koninklijke DSM N.V.
- Neptune Wellness Solutions (NEPTUNE TECHNOLOGIES & BIORESSOURCES INC.)
- Nordic Naturals, Inc.
- Omega Protein Corporation (COOKE INC.)
- Pelagia AS
- Polaris
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, Source, Form, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
The List of Companies - North America Nutritional Lipid Market
- Archer Daniels Midland Company
- BASF SE
- Croda International plc
- Koninklijke DSM N.V.
- Neptune Wellness Solutions (NEPTUNE TECHNOLOGIES & BIORESSOURCES INC.)
- Nordic Naturals, Inc.
- Omega Protein Corporation (COOKE INC.)
- Pelagia AS
- Polaris
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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