Nutrition Lipid Market to Grow at +9.3% CAGR to Reach $16,429.6 Mn by 2027 Led by Archer Daniels Midland Company, BASF SE, Croda International, Koninklijke DSM N.V., Neptune wellness solutions, Nordic Naturals, Omega Protein Corporation, Pelagia AS, Pharm
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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Global Nutrition Lipid Market Key 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
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.
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.
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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).
GLOBAL NUTRITION LIPID MARKET SEGMENTATION
• Medium-Chain Triglycerides
• Dietary Supplements and Nutraceutical
• Infant Formula
• Animal Nutrition
• North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
• Middle East and Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
• South America
o Rest of South America (SAM)
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