At 10% CAGR, Nutritional Lipids Market is expected to reach USD 15 billion by 2024
Europe Nutritional Lipids Market will witness gains exceeding 9% up to 2024 owing to growing geriatric population causing necessity for dietary supplements.
Sellbyville, United States – July 10, 2019 /MarketersMedia/ —
Expanding awareness among customer health consciousness and increasing occurrences of cardiovascular diseases and obesity is anticipated to boost nutritional lipids market. In addition, shifting consumer food preferences towards nutritious food and dietary supplement will boost product demand.
Increasing fortified food additive demand in the form of microencapsulation and ease in tailoring in accordance with the requirement by biotechnologists is expected to support nutritional lipids market. Moreover, lipids as fats provide nine calories per gram to the body, and thereby making them the most energy rich food components.
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Production of highly concentrated & consistent food products in controlled production facilities authorized by respective authorities, including FDA is encouraging several manufacturers towards advanced product enhancement.
Focus towards agreements by international bodies including WHO and FAO to certify nutritional lipids as energy and membrane function enhancer will stimulate industry expansion. Extensive R&D investments to improve final food product efficiency and nutrient content to further increase its salability will propel nutritional lipids market expansion.
Omega-3 was valued more than USD 4.3 billion in 2016, several health benefits, inducing fat reduction, baby development, anti-anxiety, blood pressure & cholesterol control properties make the product lucrative. Additionally, benefiting in prevention from alzheimer, asthma, liver issues, menstrual pain and inflammation will boost product penetration.
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Dietary supplement is projected to witness growth over 9.5% up to 2024, weight management and overall body performance development will remain key factors for the growth in this segment. Advancement of encapsulation technologies, improving durability and quality preservation of the inside material will fuel nutritional lipids market penetration. Gymnasiums, yoga centers and health clubs also contribute substantially to the growing demand for dietary supplements.
Liquid form was worth more than USD 4.5 billion in 2016. Improved functionality and high absorption rate are among the major factor propelling nutritional lipids market share. In addition, increasing requirement for soft gels in dietary supplement dosage to benefit in food consumption issues will stimulate product demand.
Animal source is expected to obtain over 50% of the overall nutritional lipids market share by 2024. This source is extensively used to produce Omega-3 and other fish oil-based products. Omega-3 is well recognized across the food industry to possess 100% content rate in fish oil, whereas plant sources account for less than 10%.
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Asia Pacific was valued around USD 2 billion in 2016. Rising demand for dietary supplement along with growing pharmaceutical industry in India and China will propel industry growth. Liberalization of FDI coupled with favorable socioeconomic factors to cater growing health concerns, particularly for infants and women will positively impact regional demand.
The global nutritional lipids market is competitive, as the large presence of regional as well as global manufacturers having presence across the value chain. Some of the key industry players include DSM, BASF, Archer Daniels Midland Company, Croda International, Polaris and FMC Corporation. Rising competition among existing players and new entrants is anticipated to enhance product development during the forecast period.
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Name: Arun Hegde
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Organization: Global Market Insights Inc.
Website: https://www.gminsights.com/industry-analysis/nutritional-lipids-market
Source: MarketersMedia
Release ID: 88894744
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