Nutrition Lipid Market Developments and Forecast by 2027

[Research Report] The global nutrition lipid market accounted to US$ 7,443.2 Mn in 2018 and is expected to grow at a CAGR of 9.3% during the forecast period 2019 - 2027, to account to US$ 16,429.6 Mn by 2027.

The Asia Pacific accounted for the largest market share in the global nutrition lipid market. The growth of nutrition lipid market in this region is primarily attributed to the rising spending on nutrient-enriched functional foods as well as supplements. Moreover, the criticality of the nutrition lipids in infant food in APAC is unparalleled and therefore generates remarkable demand for omega-3 produces. Rising awareness related to the importance and health benefits of nutrition lipid among the consumers is the main driver for the growth of nutrition lipid market in the region. This would influence the nutrition lipid market growth during the forecast period. Furthermore, increasing spending power among the consumers is the major factor that provides a lucrative growth opportunity for the nutrition lipid market players.

 

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Nutrition Lipid Market: Strategic Insights

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Market Insights

Growing awareness of healthy diet among the consumers

A healthy diet helps to protect against malnourishment and non-communicable diseases (NCDs) such as heart disease, diabetes, and cancer. Keeping salt consumption to less than 5 gram per day helps to avoid hypertension, and lessens the risk of heart disease in the adult population. World Health Organization (WHO) member states have agreed to lessen the global population’s consumption of salt by 30% by 2025 also they agreed on to stop the growth in diabetes and obesity in 2025. Nutrition Lipid is important to require in the daily diet for proper metabolism and functionality of the body. The nutrition lipid is comprised of different types of fats with precise benefits and functionality of the human body. However, nutrition lipid is also used in animal feed and pet food formulas to surge lipid contain by the products from the livestock and surges pet health. The nutrition lipid market is anticipated to grow due to the supplementary diet by the urban population across the globe. The nutrition lipid market is evolving due to the increased awareness about the advantages of a healthy diet among consumers.

Growing awareness in emerging economies provides opportunity for the market growth

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 liberalization of foreign direct investments in the food sector are the main factors that generate opportunities for the global nutrition lipid market. Moreover, rising demand for supplements & functional foods together with growing disposable income in Asia and Africa 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 a 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.

Type Insights

The global nutrition lipid market by type has been segmented into omega-3, omega-6, medium-chain triglycerides, and others. The omega-3 nutrition lipid segment dominated the global nutrition 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. The omega-3 market for infant formula witnesses a high growth rate, in the packaged food industry, due to developments in Asian countries such as China. Growth in the global omega-3 production and an increase in its demand are the major reasons for the higher growth across the regions.

Application Insights

On the basis of application, the global nutrition lipid market has been segmented into dietary, supplements and Nutraceutical, pharmaceutical, infant formula, animal nutrition, food fortification, and others. Under application segment, dietary, supplements, and Nutraceutical is the leading segment in the global nutrition lipid market. The growing importance of preventive healthcare has driven consumers to pay attention to their daily nutritional consumption. It is reflecting considerably in the uptake of dietary supplements and Nutraceutical across the globe. Dietary supplements and Nutraceutical can reduce or prevent the onset of chronic diseases such as arthritis, asthma, cancer, diabetes, etc. As Nutraceutical products are kept with healthy ingredients, their demand is increasing, leading to a considerable rise across the regions. The growing consumer preference for high-protein diets with natural ingredients is also driving the global market for dietary supplements and Nutraceutical.

Merger & acquisition and research & development were observed as the most adopted strategies in global nutrition lipid market. Few of the recent developments in the global nutrition lipid market are listed below:

2017:Royal DSM and Evonik formed a joint venture for omega-3 fatty acid products from natural marine algae for animal nutrition application. This innovation will enable the production of omega-3 fatty acids for animal nutrition without using fish oil from wild-caught fish, a finite resource.
2017:Seafood manufacturer Cooke Inc., acquired Omega Protein Corporation which is a nutritional product company dealing in specialty oils and specialty protein products. Through this acquisition, the company aimed to achieve another platform in Cooke’s growth strategy by diversifying in the supply side of the business.
2018:BASF AS completed a randomized, placebo-controlled clinical trial in the U.S., newly published in Nutrients, evaluating the use of high concentrate omega-3 to correct the nutritional deficiency of omega-3 fatty acid in patients with non-alcoholic fatty liver disease (NAFLD).

Nutrition Lipid Market Regional Insights

The regional trends and factors influencing the Nutrition Lipid Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Nutrition Lipid Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Nutrition Lipid Market Report Scope

Nutrition Lipid Market Players Density: Understanding Its Impact on Business Dynamics

The Nutrition Lipid Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Nutrition Lipid Market are:

1. Archer Daniels Midland Company
2. BASF SE
3. Croda International Plc
4. Koninklijke DSM N.V.
5. Neptune wellness solutions Inc

Disclaimer: The companies listed above are not ranked in any particular order.

 

GLOBAL NUTRITION LIPID MARKET SEGMENTATION

By Type

•   Omega-3•   Omega-6•   Medium-Chain Triglycerides•   Others

 

By Application

•   Dietary Supplements and Nutraceutical•   Pharmaceutical•   Infant Formula•   Animal Nutrition•   Others

By Source

•   Animal•   Plant

By Form

•   Powder•   Liquid

By Geography

• North America

  • U.S.
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

• Asia Pacific

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of Asia Pacific

• Middle East and Africa (MEA)

  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA

• South America

  • Brazil
  • Argentina
  • Rest of South America (SAM)

Company Profiles

• 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
• Polaris