USD 12.11 billion
Report ID:
SQMIG30B2024 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
117
|Figures:
77
Nutritional Lipids Market size was valued at USD 12.11 billion in 2019 and is poised to grow from USD 13.5 billion in 2023 to USD 23.31 billion by 2031, reaching at a CAGR of 6.9% in the forecast period (2024-2031).
Nutritional lipids offer important health benefits and important for human health in form of dietary fats. These are obtained through diets or supplements and some examples include Omega-3 fatty acid, Omega-6 fatty acid, phospholipids, medium-chain triglycerides, sterols, etc., The market growth majorly constitutes the importance of omega-3 and omega-6 fatty acids for human health. Also, the rising importance is expected to propel the market growth for nutritional lipids. Besides, with a huge demand in a variety of industries, including food and beverage, pharmaceuticals, and personal care, lipids are available in both solid and liquid in the most supermarkets.
For innovative product development, manufacturers have been investing in research and development operations. Growing demand for fortified food additives from dietary supplements for infant formulas increases demand for nutritional lipids. Nutritional lipids are very stable in nature, remarkable nourishing with additionally anti-wrinkle nature, face creams, other personal care, and cosmetic formulation. The nutritional lipids have some useful characteristics, so they are an ideal ingredient for several skin care product and dietary.
US Nutritional Lipids Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 12.11 billion
Largest Segment
Omega-3
Fastest Growth
Omega-3
Growth Rate
6.9% CAGR
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Global Nutritional Lipids Market is segmented based on the type, source, form, application, and region. Based on the type, the market segmentation comprises Omega-3, Omega-6, MCTs. Based on the source, the market has been segmented into plants and animals. Based on the form, the market has been segmented into powder and liquid. Based on application the market is segmented as dietary supplements & nutraceuticals, infant formula, pharmaceuticals, food fortification, animal nutrition. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Nutritional Lipids Market Analysis by Type
Omega-3 segment dominated the global market and held a largest share in 2021. Increasing consumer awareness regarding preventive medical products and health benefits of omega-3 are increased demand for the nutritional lipids. The use of Omega 3 in pharmaceutical industry boosted the market growth.
Medium Chain Triglycerides is a fastest growing segment and is expected to grow at a notable CAGR during forecast period. Increasing use of MCTs over regular fats in diet will provide positive impact for product demand.
Nutritional Lipids Market Analysis by Application
Global Nutritional Lipids Market dominated by dietary supplements applications in 2021. For healthy lifestyles and to avoid the healthcare expenses customer are shifting towards the nutritional lipids. Necessity for supplement is increasing with the growing population.
Animal nutrition application segment is faster growing segment during forecast period. Increasing pet ownership and improvement of immunity system, decreased inflammation along with healthy skin will support the animal nutrition product penetration.
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Asia Pacific dominated the Global Nutritional Lipids Market in 2021. The growth of pharmaceutical and dietary supplement industry in Asia Pacific region is driving the market growth. China and India have largest developing countries in which version customer are aware about health concern to consume nutritional lipids. Foreign direct investments will support the nutritional lipids Industries.
North America is fastest growing region in 2021. Increasing prevalence of obesity & diabetes has increased consumption of nutritional lipids in their daily diet which will boost demand for nutritional lipids.
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Nutritional Lipids Market Drivers
Growing Awareness for Healthy and Functional Foods
Nutritional Lipids Market Restraints
Limited Lipids Intake for Patients with Medical History and Regulatory Barriers
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Global Nutritional Lipids Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Nutritional Lipids Market Top Player's Company Profiles
Nutritional Lipids Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Nutritional Lipids Market analysis, Asia Pacific captures a higher Global Nutritional Lipids Market share. The growth of the region is attributed to growth of pharmaceutical and dietary supplement industry and government initiatives to support Industrialization in the region. China and India have emerged as significant contributors to market growth in Asia Pacific. By type, the Omega-3 segment dominates the market. This segment's leading position can be attributed to increasing consumer awareness regarding preventive medical products and health benefits of omega-3.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 12.11 billion |
Market size value in 2031 | USD 23.31 billion |
Growth Rate | 6.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Nutritional Lipids Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nutritional Lipids Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nutritional Lipids Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nutritional Lipids Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Nutritional Lipids Market size was valued at USD 12.11 billion in 2019 and is poised to grow from USD 13.5 billion in 2023 to USD 23.31 billion by 2031, reaching at a CAGR of 6.9% in the forecast period (2024-2031).
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Report ID: SQMIG30B2024
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