Resources
About Us
Lipid Nutrition Market by Type (Omega-3, Medium Chain Triglycerides (MCT), Omega-6, Omega-9) Source (Marine, Plant), Form (Liquid, Dry), Application (Dietary Supplements, Food & Beverages, Pharmaceuticals, Animal Feed) - Global Forecast to 2030
Report ID: MRFB - 104116 Pages: 200 Jun-2023 Formats*: PDF Category: Food and Beverages Delivery: 24 to 48 Hours Download Free Sample ReportThe Lipid Nutrition Market is slated to register a CAGR of 8.9% from 2023–2030 to reach $24.71 billion by 2030. The popularity of lipid nutrition is rising due to changing lifestyles, growing nutritional food demand and the growing veganism trend, which positively impacts the demand for lipid nutrition. The global lipid nutrition market is driven by the increasing prevalence of chronic diseases, the growing senior population, and the increasing demand for infant foods and dietary supplements. However, the finite supply of fish oil and the uncertain regulatory environment is expected to restrain the growth of this market to some extent.
A continuous increase in life expectancy and greater attention to quality has been witnessed in the past few decades. Consumers are becoming increasingly concerned about their health and are paying more attention to their lifestyles and dietary habits. Countries worldwide are undergoing a nutritional transition and face the dual burden of nutritional problems. According to the World Health Organization (WHO), undernutrition and specific nutrient deficiencies remain the major challenges, with imbalanced diets and chronic diseases simultaneously becoming alarmingly common. Moreover, with rising obesity rates, an aging population, an increase in sedentary lifestyles, and growing consumer interest in health and nutrition, the demand for lipid nutrition is also increasing across developing countries.
In recent years, consumer awareness regarding health, nutritional enrichment, calorie reduction, and food safety has grown, especially in developed countries and high-income groups of developing countries, which is expected to transform the food & beverage industry and boost the growth of the functional nutritional food market. Factors such as government initiatives to educate the rural population on nutrition, the increasing working population, and the availability of limited time for food preparation have increased the demand for food nutrition. The growing understanding of the importance of a proper diet and the young generation’s growing inclination towards fitness are also factors that drive the demand for lipid nutrition.
Furthermore, the prevalence of chronic diseases and conditions such as diabetes, arthritis, and heart disease are on the rise globally. According to World Health Organization (WHO), in 2022, non-communicable diseases (NCDs) accounted for 41 million deaths, equating to 74% of all deaths globally. Cardiovascular diseases accounted for 17.9 million deaths annually, followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million) deaths. Nutrition and diet are the mainstays for the maintenance and promotion of good health throughout the entire life course. Chronic diseases are largely preventable, with dietary modification over expensive treatments. Lipids help prevent many diseases and provide essential nutrients to humans. Hence, with the rising chronic disease burden, the demand for nutritional food or nutritional source is growing, fueling the growth of the lipid nutrition market.
Click here to: Get a Free Sample Copy of this report
In 2023, the Omega-3 Segment to Dominate the Lipid Nutrition Market
Based on type, the global lipid nutrition market is segmented into segmented by type omega-3 [eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), alpha-linolenic acid (ALA)], medium chain triglycerides (MCT) [caprylic acid, capric acid, lauric acid, caproic acid], omega-6 [arachidonic acid (ARA), gamma linoleic acid (GLA), conjugated linoleic acid (CLA)], long-chain triglycerides, omega-9 [oleic acid, elaidic acid, gondoic acid, mead acid, other Omega-9 types] and other nutrients). In 2023, the omega-3 segment is expected to account for the largest share of the global lipid nutrition market. The large market share of this segment is attributed to the benefits of omega-3 in reducing the risk of heart disease and managing rheumatoid arthritis. The medicinal properties and growing demand for lipids in animal feed are further expected to boost the demand for this segment.
The Plant Source Segment is Slated to Register the Highest CAGR During the Forecast Period
Based on source, the global lipid nutrition market is segmented into marine-sourced (fish oil, algae oil, krill oil, other marine oils) and plant-sourced (coconut oil, flaxseed oil, chia seed oil, soybean oil, and other plant oils). The plant source segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growing health awareness among consumers, the increasing vegetarian population, easily available raw materials, and the high source of essential lipids in the plant source.
In 2023, the Liquid Segment to Account for the Larger Share
Based on form, the global lipid nutrition market is segmented into Liquid and dry form. In 2023, the liquid segment is expected to account for the larger share of the global lipid nutrition market. The large market share of this segment is attributed to the use of the liquid form of lipids to develop soft gel capsules, ease of consumption, and no further expensive processing boost the demand for nutritional lipids in liquid form.
In 2023, the Dietary Supplement Segment to Dominate the Lipid Nutrition Market
Based on application, the lipid nutrition market is segmented into dietary supplements, food & beverages, pharmaceuticals, animal feed, and other applications. In 2023, the dietary supplements segment is expected to account for the largest share of the lipid nutrition market. The large market share of this segment is attributed to factors such as the increasing demand for nutrition from food manufacturers, the rising number of product launches, the large demand for food supplements, and growing health awareness among consumers.
North America: The Dominating Regional Market
The lipid nutrition market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the lipid nutrition market. The large market share of this region is attributed to the presence of key nutritional lipids manufacturers, a growing vegan population, high investments in the research & development of food supplements, and high disposable income.
However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the increasing government support for technological advancements in the food industry, the wide availability of raw materials, small and medium-scale enterprises, and consumer inclination towards healthy foods and food supplements.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry. Some of the key players operating in the global lipid nutrition market are Koninklijke DSM N.V. (Netherlands), Polaris Nutritional Lipids (France), Archer Daniels Midland Company (U.S.), Stepan Company (U.S.), BASF SE (Germany), Solutex GC S.L. (Spain), FMC Corporation (U.S.), Pharma Marine AS (Norway), Croda International Plc. (U.K.), Cargill, Incorporated (U.S.), Aker Biomarine ASA (Norway), Clover Corporation (Australia), Omega Protein Corporation (U.S.), Lonza Group AG (Switzerland), GC Rieber Oil AS (Norway), Kerry Group (Ireland), Cellana Inc (U.S.), and Nordiac Naturals, Inc.(U.S.).
Scope of the Report:
Lipid Nutrition Market Assessment, by Type
Lipid Nutrition Market Assessment, by Source
Lipid Nutrition Market, by Form
Lipid Nutrition Market, by Application
Lipid Nutrition Market, by Geographic
Key Questions Answered in the Report:
The lipid nutrition market is projected to reach $24.71 billion by 2030, at a CAGR of 8.9% from 2023 to 2030.
Based on type, the omega-3 segment is slated to register the highest growth rate during the forecast period and provide significant opportunities for players operating in this market.
Based on source, the plant source segment is slated to register the highest growth rate during the forecast period and provide significant opportunities for players operating in this market.
The major key players operating in the lipid nutrition market are Koninklijke DSM N.V. (Netherlands), Polaris Nutritional Lipids (France), Archer Daniels Midland Company (U.S.), Stepan Company (U.S.), BASF SE (Germany), Solutex GC S.L. (Spain), FMC Corporation (U.S.), Pharma Marine AS (Norway), Croda International Plc. (U.K.), Cargill, Incorporated (U.S.), Aker Biomarine ASA (Norway), Clover Corporation (Australia), Omega Protein Corporation (U.S.), Lonza Group AG (Switzerland), GC Rieber Oil AS (Norway), Kerry Group (Ireland), Cellana Inc (U.S.), and Nordiac Naturals, Inc.(Norway).
Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the increasing government support for technological advancements in the food industry, the wide availability of raw materials, small and medium-scale enterprises, and consumer inclination towards healthy foods and food supplements.
Published Date: Jul-2024
Published Date: Jun-2023
Please enter corporate email id here & we’ll send you a free sample.
Subscribe to get the latest industry updates