Attractive Opportunities in the Lipid Nutrition (Nutritional Lipids) Market in Coming Years
The global 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%.
The demand for lipid nutrition is projected to be on the rise, owing to factors such as increase in instances of diseases such as cardiovascular diseases (CVDs) and obesity in regions such as North America, the consumer awareness about the health benefits of lipid nutrition, and the growing demand for lipid nutrition in fortified foods, pharmaceuticals, infant formula, animal nutrition, and dietary supplements.
Asia-Pacific is estimated to occupy the largest share in the global market, in terms of value, in 2017. China was the largest market for lipid nutrition in the Asia-Pacific region in 2016. The growing infant and women nutrition markets in countries such as India, China, Japan, and South Korea along with diet diversification, and the liberalization of foreign direct investments in the food sector, are the main factors contributing to the dominance and fast growth of Asia-Pacific in the global lipid nutrition market. The increase in demand for fortified food, innovative technologies, and new application profiling are some other factors attributing in its growth.
The various contributors involved in the value chain of lipid nutrition include raw material suppliers, manufacturers, wholesalers/distributors, retailers, and end users. Major manufacturing companies develop their in-house R&D centers for research and innovation activities to support their manufacturing units and to successfully introduce products with enhanced functionality in the market.
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