The lipid nutrition market is fueled by technological advancements and innovations.
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Global Lipid Nutrition market is expected to grow from $5.69 billion in 2016 to reach $12.19 billion by 2023 with a CAGR of 11.4%.
Recent trends of vegan food habit and supplementary diet by the urban population across the globe is expected to increase the growth of the market. Increasing health issues, awareness about the benefits of lipid nutrition, rising demand for lipid nutrition in infant formula, animal nutrition and dietary supplements and the demand to meet the nutritional requirements of an aging population are the factors propelling the market growth.
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However, limited supply of fish oil and environmental regulations are hindering the market growth.
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By type, the Omega-3 segment holds the largest market share due to its health benefits. Also technological advancement such as microencapsulation led to the demand in the purchase of capsules, oils, and functional foods containing Omega-3 acids.
With innovations on the rise omega3 products are now used in beverage, juices, baby foods, baked products, baking oils and fortified dairy products while earlier they were only used in spreads and yogurt. Also growing significance of omega3 in infant formula has led to the growth of this segment.
Geographically, Asia Pacific holds for the largest share in the market due to rising infant and women nutrition markets along with diet diversification and the liberalization of foreign direct investments in the food sector. China dominates the Asia Pacific region owing to huge consumption of lipid nutrition in infant nutrition and animal nutrition sectors.
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Some of the key players in the Lipid nutrition market are Omega Protein Corporation, FMC Corporation, Qualitas Health, Koninklijke DSM N.V., Croda International PLC, Solutex Inc, Cargill, Polaris Nutritional Lipids, Archer Daniels Midland Company, Kerry Group PLC, Reckitt Benckiser Group PLC , Lipoid GmbH, Luhua Biomarine, Nordic Naturals Inc, Copeinca, Neptune Wellness Solutions, Corefx Ingredients, Tecnológica De Alimentos Sa (Tasa), Nature’s Way Products LLC and Stepan Company.
Forms covered: Liquid Powder
Sources covered: Plant Source Animal Source
Types covered: Medium-Chain Triglycerides (MCTS) Omega-6 Omega-3 Large-Chain Triglycerides (LCTs) Other Types
Distribution Channels covered: Indirect Direct
Applications covered: Infant Formula Animal Nutrition Pharmaceutical Food Fortification Dietary Supplements & Nutraceutical Food & Beverages Pet Food Other Applications
Regions Covered: North America
Rest of Europe Asia Pacific
Rest of Asia Pacific South America
Rest of South America Middle East & Africa
Rest of Middle East & Africa
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