Nutritional Lipids Market to Surpass 23.31 Billion by 2030 Drives Due to the Rising Ageing Population
SkyQuest projects that the nutritional lipids market will attain a value of USD 23.31 billion by 2030, with a CAGR of 6.9% over the forecast period (2023-2030). The growing need to fulfil the specific nutritional requirements as the ageing population continues to increase, driving the demand for nutritional lipids market. Moreover, the prevalence of chronic diseases has also contributed to market growth, as nutritional lipids are recognized for their potential health benefits. As a result, the utilization of lipids in infant formulas and food supplements has witnessed a significant surge, catering to the nutritional needs of infants and individuals with specific dietary requirements.
Westford, USA, Aug. 10, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, the nutritional lipids market is experiencing a growth driven by the escalating demand to meet the nutritional needs of the elderly population and the rising prevalence of chronic diseases. In addition, as the ageing population continues to increase, there is a growing need to address their specific nourishment requirements to support their overall health and well-being. Nutritional lipids, particularly Omega-3 fatty acids, are crucial in fulfilling these needs.
Browse in-depth TOC on “Nutritional Lipids Market”
- Pages – 157
- Tables – 117
- Figures – 77
Technological advancements have also played a role in driving nutritional lipids market growth by improving the extraction, processing, and formulation techniques for nutritional lipids. Overall, the development of the nutritional lipids market is driven by multiple factors, including the needs of the ageing population, the prevalence of chronic diseases, the utilization of various food products, and technological advancements.
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Prominent Players in Nutritional Lipids Market
- Koninklijke DSM N.V.
- Polaris
- Archer Daniels Midland Company
- Stepan Company
- BASF SE
- Solutex GC
- Smith & Zoon
- Pharma Marine AS
- Croda International Plc
- Omega Protein Corporation
- DSM N.V.
- Archer Daniels Midland Company
- Nordic Naturals
- Croda International
- FMC Corporation
- Pharma Marine
- Neptune Wellness Solutions
- Kerry Group
Omega-3 Segment is Expected to Dominate the Market Due to the Rising Consumer Awareness Regarding Healthcare Products
Omega-3 segment emerged as the dominant force in the global nutritional lipids market, capturing the largest market share. This growth can be attributed to the increasing consumer awareness regarding preventive healthcare products and the numerous health benefits of Omega-3 fatty acids.
The markets in North America emerged as the dominant region in the nutritional lipids market, driven by the rising prevalence of chronic diseases such as diabetes and obesity. Nutritional lipids, particularly Omega-3 fatty acids, have been associated with preventing and managing diabetes. As awareness grows about the potential benefits of these lipids, their demand has increased in North America.
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Medium Chain Triglycerides Segment is Expected to Grow the Market Due to the Increasing Utilization of MCTs
Medium chain triglycerides (MCTs) segment is experiencing rapid growth and is projected to exhibit a significant CAGR during the forecast period in the nutritional lipids market. This surge in demand can be attributed to the increasing utilization of MCTs as a substitute for regular fats in the diet. MCTs are a unique type of fatty acid that is quickly digested and rapidly absorbed by the body.
Regional markets in Asia Pacific emerged as the dominant region in the global nutritional lipids market. The region’s market dominance can be attributed to the significant growth of the pharmaceutical and dietary supplement industries in Asia Pacific. In addition, countries such as China and India, the largest developing nations, have a substantial population that is increasingly aware of health concerns and the benefits of consuming nutritional lipids.
A comprehensive analysis of the major players in the nutritional lipids market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
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Key Developments in Nutritional Lipids Market
- BASF, a global chemical company, announced an innovation partnership with RiKarbon in 2022. The partnership aims to develop emollients derived from bio-waste, showcasing BASF’s commitment to sustainability and innovation in the cosmetic industry. In addition, this collaboration signifies BASF’s dedication to exploring eco-friendly alternatives and utilizing bio-based materials to create high-quality emollients for various applications.
- Recently, BASF joined forces with Samsung Heavy Industries to collaborate on Carbon Capture and Storage (CCS) technology for maritime vessels. The partnership focuses on integrating CCS systems onboard ships to reduce greenhouse gas emissions and contribute to a more sustainable maritime industry. This collaboration demonstrates the commitment of both companies to address climate change and explore innovative solutions in the shipping sector.
Key Questions Answered in Nutritional Lipids Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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