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(MoneyNewsWire.Net, June 06, 2018 ) The lipid nutrition (nutritional lipids) market is projected to grow at a CAGR of 9.4%, in terms of value, from 2017 to reach a projected value of USD 11.15 Billion by 2022. The demand for lipid nutrition is projected to be on the rise, owing to factors such as increase in instances of diseases such as cardiovascular diseases (CVDs) and obesity in regions such as North America, the consumer awareness about the health benefits of lipid nutrition, and the growing demand for lipid nutrition in fortified foods, pharmaceuticals, infant formula, animal nutrition, and dietary supplements
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The lipid nutrition market has been segmented, by type, into Omega-3, Omega-6, medium-chain triglycerides (MCTs), and others which include sphingolipids, Omega-7 and Omega-9. The growth of the Omega-3 market is attributed due to various health benefits imparted by Omega-3 products. The increased consumer awareness about the health benefits of Omega-3 ingredients and advancement in technologies such as microencapsulation to serve pharmaceuticals and other industries have led to the increase in the purchase of capsules, oils, and functional foods containing Omega-3 acids.
The lipid nutrition (nutritional lipids) market has been segmented on the basis of application into dietary supplements & nutraceutical, pharmaceuticals, infant formula, food fortification, animal nutrition, and others which include personal care, flavors, and industrial. The dietary supplements & nutraceuticals segment has been gaining popularity due to the growing health concerns among consumers and a trend of gymnasiums, health clubs, and yoga centers among the young population.
On the basis of source, the market is categorized into plant and animal. The plant segment is projected to grow at a higher rate; it includes algae, nuts & legumes, vegetable oils, olives, and seeds. Animal sources dominate in the production of lipid nutrition such as Omega-3. Crude fish oil is one of the major and traditional sources of lipid nutrition (DHA & EPA). Krill oil is projected to be the fastest-growing segment during the forecast period since DHA/EPA absorption in the human system is more effective as compared to fish oils.
Asia-Pacific is estimated to occupy the largest share in the global lipid nutrition market, in terms of value, in 2017. China was the largest market for lipid nutrition in the Asia-Pacific region in 2016. The growing infant and women nutrition markets in countries such as India, China, Japan, and South Korea along with diet diversification, and the liberalization of foreign direct investments in the food sector, are the main factors contributing to the dominance and fast growth of Asia-Pacific in the global lipid nutrition market. The increase in demand for fortified food, innovative technologies, and new application profiling are some other factors attributing in its growth.
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The sustainability issues of fisheries which lead to low production of fish oil, coupled with certain medical conditions which are not suitable for consumption of lipid nutrition, are the major factors restraining the growth of the lipid nutrition market globally. The volatility of the market is largely due to the high dependency of lipid nutrition production on raw material prices such as fish oil and algae.
The leading players who dominated the lipid nutrition market include Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nordic’s Naturals, Inc. (U.S.), Croda International Plc (U.K.), Cargill (U.S.), Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), FMC Corporation (U.S.), Neptune Wellness Solutions (Canada), Aker BioMarine AS (Norway), Omega Protein Corporation (U.S.), FrieslandCampina (Netherlands), and Polaris Nutritional Lipids (France).
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