(I-BusinessNews.Com, February 06, 2020 ) The lipid nutrition market was valued at USD 6.51 billion in 2016, and is projected to reach USD 11.15 billion by 2022, at a CAGR of 9.4% during the forecast period. Currently, this market is gaining momentum due to the popularity of lipid nutrition types such as Omega-3 and Omega-6, because of their various health benefits. The lipid nutrition market is emerging due to the increased awareness about the benefits of a healthy diet among the population, growing health concerns, increasing incidences of diseases with poor therapeutic alternatives, and a large portion of the population trying to ward off the effects of aging. The increasing demand for Omega-3 ingredients due to the increasing awareness regarding their benefits among consumers enables the manufacturers to tap into this opportunity and provide consumers with healthy nutrients.
Lipid nutrition, also known as nutritional lipids, are unique forms of dietary fats that impart a wide range of health benefits and are derived from animal and plant sources such as vegetable oils, fish oil, krill oil, algal oil, nuts, and seeds. They find usage in various end-use applications such as nutritional ingredients in nutritional diets, infant formula, food fortification, pharmaceuticals, nutraceuticals, and personal care products.
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The lipid nutrition market, by type, has been segmented into Omega-3, Omega-6, medium-chain triglycerides (MCTs), and others which include sphingolipids, Omega-7 and Omega-9. The Omega-3 segment is projected to grow at the highest rate during the forecast period. Omega-3 is one of the major types of lipid nutrition; it cannot be synthesized in the body, and it is hence essential to consume them in the diet through supplements, fortified foods & beverages, and prescribed pharmaceutical drugs for preventive healthcare. The Omega-3 market is driven mainly by the growing health consciousness & increased life expectancy among consumers, rising cases of chronic diseases, widening applications of Omega-3 PUFA, and emerging technologies in food processing to upgrade the nutritional benefit of the food products.
Lipid nutrition is used for various applications such as dietary supplements & nutraceuticals, infant formula, pharmaceutical, food fortification, animal nutrition, and others which include personal care, industrial, and flavors. Infant formula is projected to be the fastest-growing segment from 2017 to 2022. The market growth of infant formula is expected to be driven by factors such as shift in preference from regular formula to infant food products fortified with Omega-3, owing to the recommendation provided by official bodies such as the FA0 and WHO which state that all infant formulae for non-breast fed infants should contain DHA; and the increasing number of working mothers who prefer premium products and convenience formula products for infants.
The lipid nutrition market has been segmented on the basis of source into plant and animal source. The plant source segment is projected to grow at the highest rate during the forecast period. An increase in the vegan population in countries such as the U.K. and India, coupled with the drawbacks of fish oil products, such as their pungent odor and taste, are the major attributing factors for the growth of plant-based nutritional lipid products.
On the basis of form, the lipid nutrition market has been segmented into liquid and powder form. The powder form of lipid nutrition is projected to grow at the highest CAGR between 2017 and 2022. The increasing usage of powder form of lipid nutrition in various food applications along with its lower cost of production is expected to drive the market for lipid nutrition in powder form.
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The Asia-Pacific region is projected to be the fastest-growing in the lipid nutrition market. This growth is expected due to the increasing demand for lipid nutrition; the increasing demand for fortified, healthy, and nutritious products such as Omega-3; the changing eating habits of consumers due to busy lifestyles; the rise in aging population; and the increasing birth rate in the Asia-Pacific region.
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