Rising cases of chronic diseases will propel the nutrition lipid market at a CAGR of 9.3%
Latest market study on “Nutrition Lipid Market to 2027 – Global Analysis and Forecasts by Type (Omega-3, Omega-6, Medium-Chain Triglycerides, Others); Application (Dietary supplements and Nutraceutical, Pharmaceutical, Infant Formula, Animal Nutrition, Food Fortification, and Others); Source (Animal Source, and Plant Source); Form (Powder, and Liquid)”, The Global Nutrition Lipid market is 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 report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Under application segment, the dietary supplements and Nutraceutical is the leading segment. Lipid plays an important role in the absorption of essential vitamins such as A, D, and E, energy storage, and cell signaling. It has wide applications in food & beverages, pharmaceuticals, and personal care industries. The dietary supplements and nutraceutical segment is anticipated to hold the largest market share due to the demand for better nutritional value in daily diet. According to the U.S. Food and Drug Administration, intake of dietary supplements as products which contain dietary ingredient such as vitamin, mineral, 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 nutraceuticals 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.
Chronic diseases are swiftly increasing worldwide. 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 protect 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 most western societies.
Therefore, Nutrition Lipid has emerged as a premium substitute for Portland cement for the building and construction industry. Rising awareness of chronic diseases and growing use of omega 3 in the pharmaceutical industry coupled with rising R&D activities across the globe is boosting the market. Furthermore, the growing consumption of enhanced medication is anticipated to drive the demand for omega 3-based products across the globe over the forecast period.
The market for nutrition lipid is concentrated with some very well-established players. Some of the key players in the nutrition lipid market include 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.
Global Nutrition Lipid Market - By Region Breakdown, 2018