Nutritional Lipids Market size is projected to register more than 10% CAGR through 2024; according to a new research report by Global Market Insights, Inc. Nutritional deficiencies causing several health concerns including cardiovascular diseases, diabetes, inflammation, stroke and cancer has enhanced the nutritional lipids demand. Growing geriatric population globally has further influenced the necessity for nutritious supplements. As per Census Bureau, global population aged 65 and above surpassed 600 million in 2016.
Shifting consumer preference towards healthy lifestyles along with rising awareness regarding benefits of dietary supplements will drive the product penetration. Key health benefits including enhanced eye health, effective curing of depression & anxiety along with reduced chances of heart diseases are among key factors fuelling business growth.
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Potential application outlook in pharmaceuticals and dietary supplements due to technological advancement in food encapsulation will support the market penetration. Increasing lipid nutrition usage in processed food applications to enhance the nutrient content through fortification process will propel the industry growth.
Regulatory compliances, including FAO and WHO approval for lipid nutrition as efficient energy source, driver for oil-soluble vitamins and membrane function enhancer will support industry growth. High R&D investments to improve product effectiveness and nutrient content in food fortification and dietary supplements industry will support product demand.
Increasing raw material costs including plant and marine oil are major factors influencing the nutritional lipids price trend. Lack of standardization pertaining to consumption quantity along with stringent regulations on fish oil production may hinder the industry growth.
Europe lipid nutrition market will witness gains exceeding 9% up to 2024. Growing geriatric population causing necessity for dietary supplements are key factors driving the industry growth. Government promotions and regulatory support for natural dietary ingredients will positively influence the product demand.
Global lipid nutrition market share is highly fragmented with key players including Archer Daniels Midland Company, BASF, Croda International, DSM N.V. and Polaris. Rising number of regional manufacturers has enhanced competition among industry participants. Companies are involved in several strategies including joint ventures, acquisitions, collaborations and supply agreements to gain competitive advantage.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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