PUBLISHER: DataM Intelligence | PRODUCT CODE: 1074144
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1074144
The global lipid nutrition market is valued at USD XX million in 2021 and is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Lipids are hydrocarbon compounds found in fats, oils, waxes, some vitamins, hormones, and other substances. They are the components that make up the structure and function of live cells. Because lipids are non-polar, they are insoluble in water but soluble in chloroform, a non-polar solvent. Lipids are a good source of energy because when they are digested, the hydrocarbons oxidize and release a lot of energy. The rise in customer awareness about the health advantages of nutritional lipids and growing attention to preventive healthcare, the natural and safe nature of components, and the rise in chronic illness instances are likely to fuel the growth of the lipid nutrition market in the forecast future.
Growing consumer awareness regarding the health benefits of nutritional lipids
Lipids are involved in the absorption of vitamins A, D, and E and energy storage and cell signaling. It's used in various industries, including food and beverage, pharmaceuticals, and personal care. One of the primary factors driving the lipid nutrition market's rise is the rising frequency of cardiovascular illnesses and obesity. According to the World Health Organization (WHO), over 17 million people died from cardiovascular disease in 2015, with coronary heart disease accounting for most deaths. The rise in customer awareness about the health advantages of nutritional lipids and growing attention to preventive healthcare, the natural and safe nature of components, and the rise in chronic illness instances are likely to fuel the growth of the lipid nutrition market in the forecast future. The term "lipid-based nutrient supplements" (LNS) refers to a wide range of fortified, lipid-based products, such as ready-to-use-therapeutic foods and highly-concentrated supplements to be used for "point-of-use" fortification. These supplements meet 50 to 100 percent of a person's daily energy needs. Some lipids are required in the diet of humans and other mammals.
On the other hand, fisheries sustainability concerns, which result in low fish oil production, high competition among raw material suppliers, and minor catch quotas, as well as unfavorable conditions for patients with certain medical conditions, are expected to derail the lipid nutrition market's growth over the forecast period.
Increasing use of omega 3 in medicated and non-medicated dietary supplements.
Omega-3 products accounted for the biggest revenue share in 2021, owing to rising consumer awareness of omega-3's health advantages and preventive medical products, which is expected to fuel market expansion during the forecast period. Omega-3 fatty acids are excellent for cardiovascular health. It has been discovered to help lower blood pressure, cholesterol, and triglyceride levels and has anti-inflammatory and anti-clotting properties. Diabetes, stroke, asthma, rheumatoid arthritis, inflammatory bowel disease, mental decline, ulcerative colitis, and several types of cancer have all been linked to essential fatty acids. They are also known to lower the risk of abrupt cardiac arrest. Furthermore, technological advancements in microencapsulation to support pharmaceuticals and other businesses have resulted in higher sales of capsules, functional foods, and Omega-3-acid-rich oils.
Based on the source, the plant segment held the highest market revenue in 2021. Fish and seafood, such as salmon, oysters, sardines, and plant foods like flaxseeds, walnuts, and canola oil, are the best sources of omega-3. As a result of increased public health awareness, the growing vegan population has had a favorable impact on product demand. Sunflower, corn, safflower, and coconut oil include high omega-6 and MCTs, which will help drive market expansion. The animal source segment is expected to grow with a CAGR of XX% during the forecast period. Because of the high quantities of DHA and EPA, increased demand for omega-3 and other fish oil-based products has boosted industry demand.
Asia-Pacific is dominating region during the forecast period
In 2021, Asia Pacific accounted for the greatest proportion of the worldwide lipid nutrition market, with China, Japan, South Korea, and India leading the way. The increasing attention of leading competitors on tapping the potential market in Asia Pacific is likely to boost the region's lipid nutrition market growth. In 2017, Archer Daniels Midland Company opened a new feed premix plant in Zhangzhou, South China, which includes production facilities in Dalian, Tianjin, and Nanjing, as well as a new plant in central China that is now being built. Other factors that influence overall fat consumption include the physical environment, local availability of fats and oils, eating preferences, and degree of education. For example, in Bangladesh, urban fat intake is higher than rural fat consumption, owing to the significant increase in urbanization and lifestyle changes in recent years, owing to the region's rapid expansion. Because of its high availability and low pricing, Southeast Asian countries, particularly Malaysia and Indonesia, are the largest producers and users of palm oil. Lipids such as cocoa butter (found in chocolate), coconut oil, palm oil, and mango kernel oils are gaining popularity in Japan as a result of their numerous uses in the food and beverage industry.
The global lipid market is highly competitive, as various players worldwide are developing nutritional ingredients to expand their reach in the food, beverage, and pharmaceutical industries. The most active companies in the global lipid market are Royal DSM, Cargill Inc, Croda International PLC, and Archer Daniels Midland, which are targeting native markets, such as Asia-Pacific, where the bar of awareness regarding health is high. Mergers and acquisitions are the most popular strategy in the worldwide lipid nutrition market, followed by new product launches. As a strategy to attract the largest percentage of the market and meet their expanding specific demands, corporations are raising the proportion of innovation protection. For instance, FMC Corporation and Novozymes announced a collaboration in February 2021 to co-develop enzyme solutions.
COVID-19 Impact: Positive impact on the global lipid nutrition market
Because of the current COVID-19 pandemic, demand for lipid-based supplements has increased significantly, owing to their health-promoting characteristics. Furthermore, Moderna Inc, a pharmaceutical firm based in the United States, has renewed a contract with Corden Pharma to acquire substantial volumes of the lipids used to manufacture its experimental COVID-19 vaccine in order to meet rising demand for the drug.
Understand the current market scenario and viability of global lipid nutrition market over the forecast period
Visualize the composition of the global lipid nutrition market in terms of type, source, form, application and region to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
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PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global lipid nutrition market - Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
The global lipid nutrition market report would provide an access to approximately 70 market data tables, 68 figures and 190 pages
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