11.28.17
According to Coherent Market Insights, the global lipid nutrition market was valued at $6.21 billion in 2016 and is projected to witness a CAGR of 8.98% over the forecast period (2017-2025). Global healthcare authorities are actively promoting use of lipid nutrition products to reduce chronic diseases, creating favorable conditions for market growth.
Among product types, the omega-3 and omega-6 segments together held highest revenue share in the global lipid nutrition market in 2016, due to increasing adoption of omega-3 and omega-6 enriched supplements, fueled by enormous health benefits such as prevention of cardiovascular and carcinogenic diseases, rheumatoid arthritis, and age-related macular degeneration.
Among end-use industries, the food & beverages segment held a dominant position in the global lipid nutrition market during 2016. Demand for healthier lipids such as chemically unstable oils rich in unsaturated fatty acids in the manufacturing of functional foods and beverages, is increasing due to cholesterol lowering properties of such lipids. Moreover, the rampantly growing food & beverage industry around the world is fueling growth of this segment. According to Indian Brand Equity Foundation (IBEF), Government of India, food & beverage industry in India is expected to reach $63.5 billion by 2018.
Asia-Pacific accounted for the largest revenue share in the global lipid nutrition market in 2016. In Asia-Pacific, countries such as China and India have high availability of plant and marine lipid sources. According to the United Nations estimates, in 2016, East and South China seas accounted for over 10% of the world fisheries production. The region is projected to be the fastest growing region in global lipid nutrition market, witnessing a CAGR of 9.26% over the forecast period.
Leading players in the global lipid nutrition market are strategically investing into local markets to increase their customer base. In June 2017, BASF, Cargill, Procter & Gamble (P&G), and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH entered into partnership to establish a certified coconut oil supply chain in the Philippines and Indonesia.
Among product types, the omega-3 and omega-6 segments together held highest revenue share in the global lipid nutrition market in 2016, due to increasing adoption of omega-3 and omega-6 enriched supplements, fueled by enormous health benefits such as prevention of cardiovascular and carcinogenic diseases, rheumatoid arthritis, and age-related macular degeneration.
Among end-use industries, the food & beverages segment held a dominant position in the global lipid nutrition market during 2016. Demand for healthier lipids such as chemically unstable oils rich in unsaturated fatty acids in the manufacturing of functional foods and beverages, is increasing due to cholesterol lowering properties of such lipids. Moreover, the rampantly growing food & beverage industry around the world is fueling growth of this segment. According to Indian Brand Equity Foundation (IBEF), Government of India, food & beverage industry in India is expected to reach $63.5 billion by 2018.
Asia-Pacific accounted for the largest revenue share in the global lipid nutrition market in 2016. In Asia-Pacific, countries such as China and India have high availability of plant and marine lipid sources. According to the United Nations estimates, in 2016, East and South China seas accounted for over 10% of the world fisheries production. The region is projected to be the fastest growing region in global lipid nutrition market, witnessing a CAGR of 9.26% over the forecast period.
Leading players in the global lipid nutrition market are strategically investing into local markets to increase their customer base. In June 2017, BASF, Cargill, Procter & Gamble (P&G), and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH entered into partnership to establish a certified coconut oil supply chain in the Philippines and Indonesia.
