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Lipid Nutrition Market Set for Expansion with Increased Demand for Sustainable Sources

user image 2024-09-13
By: prajwal001
Posted in: Food and Beverages

The global lipid nutrition market is on a growth trajectory, projected to hit $24.71 billion by 2030 with a robust CAGR of 8.9% from 2023, according to Meticulous Research®. This surge is largely fueled by increasing rates of chronic diseases, an aging population, and a rising demand for dietary supplements and infant nutrition. However, factors such as the finite availability of fish oil and unpredictable regulatory conditions are expected to somewhat slow market growth.

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The lipid nutrition market is classified by type, source, form, application, and geography. In terms of type, omega-3 leads the market due to its recognized role in heart health and arthritis management. This segment’s dominance is further supported by the growing use of lipids in animal feed. Among sources, the plant-based segment is anticipated to grow at the highest rate, driven by increasing consumer awareness around health, a larger vegetarian demographic, and the availability of raw materials rich in essential lipids.

The liquid form of lipid nutrition is expected to hold a dominant market share, attributed to its use in soft gel capsules and ease of consumption, eliminating the need for complex processing. Application-wise, dietary supplements lead the market, bolstered by an uptick in demand for nutritional products, increased product launches, and heightened health consciousness.

Regionally, North America is poised to maintain its leading position, underpinned by significant investments in food supplement R&D, a growing vegan population, and the presence of major industry players.

The competitive landscape of the lipid nutrition market is moderately fierce, with both large and small players vying for market share. Key players include Koninklijke DSM N.V., Polaris Nutritional Lipids, Archer Daniels Midland Company, BASF SE, and many others.

As consumer preferences shift towards healthier and sustainable products, the lipid nutrition market is primed for sustained growth, offering opportunities for innovation and expansion across regions.
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