Nutritional Lipids Market Report
Nutritional Lipids Market, By Source (Plants, Animal), Type (Omega 3, Omega 6, MCTs, Other), Application (Dietary Supplements, Infant Formula, Pharmaceuticals, Food Fortification, Animal Nutrition), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Nutritional Lipids market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Nutritional Lipids Market, By Source (Plants, Animal), Type (Omega 3, Omega 6, MCTs, Other), Application (Dietary Supplements, Infant Formula, Pharmaceuticals, Food Fortification, Animal Nutrition), and Region ...
Impact of COVID-19 on Nutritional Lipids Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Nutritional Lipids Market is projected to grow from USD 7.4 billion in 2020 to USD 11.8 billion by 2026 at a CAGR of around 8.2% during the forecast period.
Lipids are defined as molecules that contain hydrocarbon in reduced form and fats, waxes, oils, hormones, and certain vitamins. Lipids make up the building blocks of the structure and function of living cells. The lipids provide twice the energy content compared to carbohydrates and proteins on a weight basis to living beings. Additionally, lipid nutrition is essential in the diet for the proper functionality and metabolism of our body. The different types of nutritional lipids available in the market include Omega-3, omega-6, MCTs, and others.
Key players operating in the Nutritional Lipids market are-
The growth of the nutritional lipids market is primarily driven by widespread use in applications including dietary supplements, infant formula, and animal nutrition products others. Increasing demand for dietary supplements with rising health awareness among consumers is likely to drive the market growth at a significant rate during the review period. In addition to this, rising demand for new product development is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the nutritional lipids market has been bifurcated into dietary supplements, infant formula, pharmaceuticals, food fortification, and animal nutrition. The dietary supplements segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to increasing health consciousness among consumers.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to increasing consumption of a nutritious product with rising health awareness in the developing countries particularly China and India. The market in North America is expected to be driven by high consumption of dietary supplements coupled with the presence of key market players such as The Archer-Daniels-Midland Company (US) and Omega Protein Corporation (US).
Covid-19 outbreak impacted the growth of the nutritional lipids market positively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. The fear of infection resulted in increased consumption of nutritional products to boost immunity.
Here is the list of the group of customers that the nutritional lipids market hopes to have the greatest opportunity to convert-
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The nutritional lipids market is expected to witness an impressive growth of 8.2% CAGR in the coming years.
Koninklijke DSM N.V. (Netherlands), The Archer-Daniels-Midland Company (US), Omega Protein Corporation (US), Nordic Naturals, Inc. (California), Croda International plc (UK), FMC Corpora-tion (US), BASF SE (Germany), Pharma Marine AS (Norway), Neptune Wellness Solutions, Inc. (Canada), Polaris Nutritional Lipids (France) and Kerry Group plc (Ireland) are among the key players in the nutritional lipids market.
The nutritional lipids market size is expected to reach USD 11.8 billion in the foreseeable future.
The dietary supplements segment is expected to register significant growth in the coming years.
Asia-pacific accounted for the largest share in the nutritional lipids market in 2020.
Nutritional lipids distributors, Nutritional lipids suppliers, Nutritional lipids manufacturers, Logistics organizations, Government bodies are the target audience in the nutritional lipids market.