Lipid Nutrition Market – Insights
Lipid is a group of organic compounds which are not soluble in water due to its non-polar nature. Lipids are categorized into fatty acids, glycerides, sterol lipids, prenol lipids, saccharolipids, and various others. Human and other mammals have dietary requirement for some of the lipids. Lipid plays an important role in the absorption of essential vitamins such as A, D, and E, energy storage, and cell signaling. It has wide applications in food & beverages, pharmaceuticals, and personal care industries. Food and beverages accounted for the major market share in the lipid nutrition market, owing to its flavor and odor enhancing properties and wide application in food items. Lipid infused products are available in both solid and liquid forms and are available in mass retail stores. Rising incidence of cardiovascular diseases and obesity is one of the major factors driving growth of the lipid nutrition market. According to the World Health Organization (WHO), in 2015, over 17 million people died from cardiovascular disease, where majority of the deaths were due to coronary heart diseases. Also, over 75% of the deaths occurred due to cardiovascular diseases take place in the low and middle income countries. In 2016, the World Health Organization (WHO) reported more than 600 million cases of obesity which were prevalent among people age 18 and above, and reported over 300 million cases of obesity among children between 5 to 19 years of age. Such incidences have created increased awareness among consumers regarding health and wellbeing, which has shifted their focus towards the consumption of lipid nutrition products. This in turn has urged the manufacturers to engage in research and development activities to introduce products with new features.
Lipid oxidation is a major problem that occurs in several food and leads to nutritional loss and incurs high processing cost. Moreover, stringent regulations imposed on food ingredients used in lipid nutrition products is a key challenge for the manufacturers to launch their products in the competitive market. The Food and Drug Administration (FDA) is taking stringent steps to prevent the entry of products in the market, which contains banned ingredients such as artificial trans-fat which is linked with heart diseases.
Among product types, omega 3 & omega 6 segments together accounted for the major market share in 2016 and both are expected to maintain their respective positions over the forecast period. Rising application of omega 3 and omega 6 lipids in medicated and non-medicated dietary supplements is one of the key factors augmenting the growth of these segments.
Asia Pacific accounted for the largest share in the global lipid nutrition market in 2016, especially in regions such as China, Japan, South Korea, and India. Increasing focus of leading players to tap the potential market in Asia Pacific is expected to have a positive impact on growth of the lipid nutrition market in the region. In 2017, Archer Daniels Midland Company established its new feed premix plant in Zhangzhou, South China which consists of production facilities in Dalian, Tianjin and Nanjing, as well as a new plant which is currently under construction in central China.
According to a study by Coherent Market Insights, the global lipid nutrition market was valued at US$ 6.21 billion in 2016 and is expected to witness a CAGR of 8.98%, in terms of revenue, during the forecast period from 2017 to 2025, to reach US$ 13.31 billion by 2025
Figure 1. Global Lipid Nutrition Market Share, by Region, 2016 (%)
Asia Pacific held highest revenue share of 45% in the global lipid nutrition market in 2016 and the region is expected to maintain its dominance over the forecast period.
Major Players in the Global Lipid Nutrition Market -
The major players operating in the global lipid nutrition market include Archer Daniels Midland Company, BASF S.E., FMC Corporation, Croda International Plc, Cargill, Incorporated, Omega Protein Corporation, Polaris Nutritional Lipids, and Kerry Group Plc.
Some of the key strategies adopted by these players include mergers and acquisitions, joint ventures and partnerships, product innovations, and geographical expansion. For instance, Croda International Plc focuses on product development such as its Ωmelife brand of Omega 3 delivers micro-encapsulation technology, which contains concentrated levels of EPA/DHA per gram of oil for greater health benefits. Furthermore, it also provides the benefits of fish without the taste and smell and contains a less than 40% fat, in comparison with regular fish oil capsules that contain approximately 70% fish fat.
Lipids are primarily known to provide adequate amount of energy to muscles and other types of body processes. Excess consumption of calories results in the storage of excess energy in the form of lipids in the adipose cells. Furthermore, lipids plays a major role as an insulator that protects the human body by maintaining an adequate body temperature. Lipids are also essential for adequate digestion and absorption of food and nutrients.
The lipid nutrition market is mainly driven by the growing demand for lipids, due to the health benefits associated with the consumption of the same. Among product type, omega 3 and omega 6, together held the largest market share in 2016 and are expected to retain their respective positions over the forecast period. Owing to their medically proven enormous health benefits, the trend is expected to be continued over the forecast period. Asia Pacific held a dominant position in the global lipid nutrition market in 2016 and is projected to maintain its dominance in the near future. Increasing geriatric population, increasing demand for lipid enriched products for curing chronic diseases in Asian countries, and bulk availability of lipid sources in the region are some key factors, which are expected to fuel growth of the lipid nutrition market in the region. Moreover, Asia Pacific is expected to be the fastest growing region in the global lipid nutrition market over the forecast period.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
*Browse 200 market data tables and 70 figures on "Lipid Nutrition Market Market - Global forecast to 2025”.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.