The global nutrition lipid market accounted to US$ 7,443.2 Mn in 2018 and is expected to grow at a CAGR of 9.3% during the forecast period 2019 – 2027, to account to US$ 16,429.6 Mn by 2027.
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.
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.
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Top Key Players: 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,Polaris
Growing awareness in emerging economies provides opportunity for the market growth
The nutrition lipid market is emerging owing to increased awareness about the advantages of a healthy diet among the consumers and growing health concerns. The rising innovation, such as functional foods, pharmaceuticals, and dietary supplements, are creating growth opportunities for nutrition lipid in emerging economies. The growing infant and women nutrition markets in emerging region such as the Asia Pacific and Africa. The liberalization of foreign direct investments in the food sector are the main factors that generate opportunities for the global nutrition lipid market.
GLOBAL NUTRITION LIPID MARKET SEGMENTATION
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).
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This post was originally published on The Picayune Current