Market Research Report
Nutritional Oil Powder - Global Market Outlook (2019-2027)
|Nutritional Oil Powder - Global Market Outlook (2019-2027)|
Published: June 1, 2020
Stratistics Market Research Consulting
Content info: 171 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Nutritional Oil Powder Market is accounted for $2.03 billion in 2019 and is expected to reach $3.62 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Rising research in oil-to-powder processing and improved demand for plant-based products are the major factors propelling the market growth. However, factors such as erratic raw material supply and quality leading to limited output and cost volatility of nutritional oil powder are hampering the market growth.
Nutritional oil powders are easy-mixing powders which are consumed to raise the intake of essential fatty oils and daily calorie intake. They can also be added to daily meal replacement formulas. Nutritional oil powders are simple to digest and are well suited for children and the geriatric population. They are getting hold of wider preference over nutritional oil-filled capsules, which often leave a nasty after taste in the mouth.
Based on the product type, the soybean oil powder segment is likely to have a huge demand due to the surge in the number of vegan and vegetarianism contributes to the increase in demand for nutritional oil powder. By geography, North America is going to have a lucrative growth during the forecast period due to the rising prevalence of obesity and diabetes leads to the need for a nutritious diet fuelling the growth of the nutritional oil powder market in North America.
Some of the key players profiled in the Nutritional Oil Powder Market include ABITEC Corporation, Alsec Alimentos Secos SAS, Arjuna Natural Pvt Ltd., Bioriginal Food, Connoils LLC, Crestchem Ltd., Custom Food Ingredients Sdn Bhd, Ming City Biotechnology Ltd., Science Corporation, SMS Corporation, Stepan Company and The Green Labs LLC.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances