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Nutritional Lipids Market Size By Product (Omega-3 {Alpha-Linolenic Acid, Docosahexaenoic Acid, EPA}, Omega-6, MCTs), By Application (Dietary Supplements, Infant formula, Pharmaceuticals, Food Fortification, Animal Nutrition), Form, Source, 2023 - 2032

  • Report ID: GMI2409
  • Published Date: Mar 2023
  • Report Format: PDF

Nutritional Lipids Market Size

Nutritional Lipids Market size surpassed USD 13.5 billion in 2022 and is estimated to witness over 10% CAGR from 2023 to 2032, driven by the growing demand for functional food products globally.
 

Nutritional Lipids Market

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The fast-paced lifestyle of consumers, which includes poor diet and little physical activity, has led to the rise of chronic illnesses. Mounting health consciousness of consumers has increased the demand for functional foods. As a result, the functional food sector is working to diversify products by expanding functional qualities with the increasing use of lipids as active ingredients and components in functional foods and nutraceuticals. Moreover, manufacturers are focused on producing healthy food items to lower health spending, minimize the risks of long-term illnesses, and promote human health.
 

High cost of production may hinder industry progress

The ongoing global political crisis has a direct effect on the food production sector, with production costs reaching new industry highs. Food makers, especially functional food producers face challenging circumstances due to severe price rises in raw materials and other vital commodities, as well as the ongoing energy crisis. As overall consumer expenditure is likely to decline, the nutritional lipids market is foreseen to be significantly affected. However, as the market has handled recent price hikes, manufacturers are analyzing consumer behaviors in response to price adjustments in order to keep customers from switching brands.
 

Nutritional Lipids Market Analysis

Nutritional Lipids Market Revenue Share By Product

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Based on product, the nutritional lipids market share from the omega-3 segment is predicted to record over 10.5% CAGR through 2032, attributed to the several health advantages associated with omega-3 fatty acids. Growing consumer awareness of preventative medical goods and the ongoing efforts by industry participants to strengthen their market position are speculated to boost the market expansion. Recently, in February 2023, Algarithm Ingredients Inc., a Canadian omega-3 leader, collaborated with Thai Union Ingredients, a nutritional ingredients producer, to develop the world's finest tasting nutritional oil, providing the most neutral flavored, sustainable, and secure the supply of algae-based omega-3 lipids to the food industry and infant formula & supplement producers.
 

Under the omega-3 product segment, the nutritional lipids market from DHA sub-segment is projected to reach USD 15 billion by 2032. Higher DHA levels improve stamina and performance capacity and entails shorter recovery periods in professional and amateur athletes, thereby promoting its use in sports nutrition products. Moreover, the growing consumer need for products with nutraceutical ingredients that support brain, muscle, and eye health. In February 2023, Wiley's Finest, an omega-3 supplement company, unveiled its latest product, Peak DHA, a softgel supplement to enhance brain and muscular strength.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of nutritional lipids was valued at more than USD 13.5 billion in 2022 and anticipated to exhibit over 10% CAGR from 2023 to 2032, owing to the increasing consumption of functional food products globally.
The omega-3 product segment is slated to depict 10.5% CAGR between 2023 and 2032, on account of the increasing awareness about several health advantages associated with omega-3 fatty acids.
The market for nutritional lipids in North America is projected to surpass a valuation of USD 11.5 billion by the end 2032, driven by the rising importance of health and physical fitness among consumers in the region.
Neptune Wellness Solutions, DSM N.V., Omega Protein Corporation, Archer Daniels Midland Company., Croda International, Nordic Naturals, FMC Corporation, CONNOILS, Pharma Marine, BASF, Polaris Nutritional Lipids, Kerry Group, Frieslandcampina, Omega 9 Oils and Royal Canin are among the top participants engaged in the nutritional lipids business.

Nutritional Lipids Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 293
  • Countries covered: 23
  • Pages: 375
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