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Nutritional Lipids Market Analysis
- Report ID: GMI2409
- Published Date: Mar 2023
- Report Format: PDF
Nutritional Lipids Market Analysis
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.
The nutritional lipids market share from the dietary supplements application segment will exceed USD 22 billion by 2032, due to the rapid consumer shift towards healthy lifestyles. WHO and national healthcare institutes recommend the consumption of a diverse range of nutrients daily. According to the European Food Safety Authority, dietary supplements are meant to make up for nutritional deficiencies and support physiological processes. With the COVID-19 pandemic outbreak, consumers have become increasingly interested in dietary supplements in order to improve their immune system or for general body strengthening, as well as to prevent healthcare expenditure.
The nutritional lipids market size from the liquid form segment anticipated to exhibit more than 10% CAGR during the forecast timeline, owing to its effective functionality and high absorption rate. Consumer demand for softgel capsules to deliver pharmaceutical and nutraceutical medicines is gaining traction, creating enormous opportunities for product manufacturers. Furthermore, the demand for liquid nutritional lipids is likely to be stimulated by rising awareness of health supplements, a growing number of nutraceutical and softgel producers in the industry, and a significant increase in product sales in the post pandemic scenario through 2032.
North America nutritional lipids market valuation will cross USD 11.5 billion by 2032, propelled by the rising prevalence of obesity and diabetes, which necessitates a nutritious diet. According to the Council for Responsible Nutrition's (CRN) 2022 consumer survey, 75% of Americans use dietary supplements. Furthermore, the growing importance of health and physical fitness among consumers in the region has raised the demand for functional nutrition to maintain physical strength, thereby providing growth opportunities to industry participants. In March 2023, Bunge, an American food company, introduced NuliGo, a novel molecule that has structured long- and medium-chain fatty acids for sports nutrition and healthy aging products that supports muscle health.
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Nutritional Lipids Market Scope
