Market Research Future (MRFR) has released a new market research report on the global nutritional lipids market. The global nutritional lipids market is studied in detail in terms of its historical growth trajectory, to provide pointers as to how the market is likely to grow over the forecast period from 2018 to 2023. The major growth drivers and restraints affecting the global nutritional lipids market are assessed in detail in the report, which also sheds light on the competitive dynamics within the market by profiling the key players operating in the market. The major segments within the global nutritional lipids market are also profiled in the report.
Nutritional lipids play a crucial role in maintaining the health of crucial organs such as the brain and the heart in animals as well as humans. The growing awareness about healthy diets has driven the demand from the nutritional lipids market over the last few years and is likely to be a major driver for the market over the forecast period as consumers become more aware of the more nuanced benefits of nutritional lipids. Increasing research into the medical benefits of nutritional lipids is likely to remain a major driver for the global nutritional lipids market, as several leading players have launched studies to understand the potential benefits of nutritional lipids in curing or preventing certain neural or cardiac diseases.
COVID 19 ANALYSIS
The outbreak of COVID posed awareness as well as increased the necessity of immunity among the population which has helped them in safeguarding from getting infected from the virus.it had led to accelerating the sale of the nutritional lipid market. After recovering from COVID, the consumption of nutrients on the patients has increased. It led to disruption in the supply chain and hampered consumer behavior. The outbreak of the pandemic had led to the shutdown of certain production units thus hampering the manufacturing of the nutritional lipids.
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The growing demand for nutritional lipids for treating malnutrition is likely to be a major driver for the global nutritional lipids market over the forecast period. Malnutrition has become a major problem in emerging regions around the world due to the lack of awareness about a well-balanced diet among poorer populations. This has led to increasing government efforts to satiate the needs of the impoverished by introducing fortified foods such as oils and bakery products containing extra nutrients. The increasing demand for nutritional lipids in infant-oriented foods is likely to remain a key driver for the global nutritional lipids market over the forecast period, along with the growing demand for nutritional lipids in the animal feed industry.
The global nutritional lipids market Size has been segmented on the basis of type, source, form, application, and region.
The global nutritional lipids market has been classified based on type into omega-3, omega-6, medium-chain triglycerides (MCTs), and others.
Based on the source, the global nutritional lipids market has been divided into animal and plant segments.
By form, the global nutritional lipids market includes powder and liquid.
On the basis of application, the global nutritional lipids market is segmented into dietary supplements and nutraceuticals, infant formula, pharmaceuticals, fortified food & beverages, animal nutrition, and others.
The global nutritional lipids market is segmented into North America, Europe, Asia Pacific, and the rest of the world based on region.
The Asia Pacific holds the largest share in the global nutritional lipids market and is likely to remain the dominant party in the forecast period due to the growing awareness about women’s and infant nutrition in the region. The growing animal nutrition industry in the region is also likely to be a major driver for the nutritional lipids market in the Asia Pacific over the forecast period. China is likely to remain the leading revenue contributor in the Asia Pacific region over the forecast period due to the growing infant nutrition as well as animal nutrition industries in the country.
North America is expected to exhibit growth at the fastest CAGR over the forecast period due to the growing demand for fortified food in the region and the growing interest among consumers in nutritional lipids and other forms of fortified food.
Leading players in the global nutritional lipids market include Koninklijke DSM NV, Croda International plc, Archer Daniels Midland Company, FMC Corporation, Pharma Marine AS, Kerry Group, Royal FrieslandCampina NV, BASF SE, Polaris, Neptune Wellness Solutions, Nordic Naturals Inc., and Omega Protein Corporation.
In January 2019, a study highlighting the benefits of nutritional lipids for malnourished children in South Africa’s Jouberton community was backed by DSM and Unilever for its supportive role towards the benefits of nutritional lipids. Such studies are likely to drive interest and demand from the nutritional lipids market over the coming years.
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