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(Health-NewsWire.Net, January 13, 2021 ) The report "Lipid Nutrition (Nutritional Lipids) Market by Type (Omega-3, Omega-6, MCTs), Source, Form, Application (Dietary Supplements & Nutraceuticals, Infant Formula, Pharmaceuticals, Food Fortification, Animal Nutrition), and Region - Global Forecast to 2022", 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% during the forecast period.
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On the basis of type, the Omega-3 segment is estimated to account for the largest market share in the lipid nutrition market in 2017. It is considered as the most widely used lipid nutrition type, owing to its various health benefits. The Omega-3 market is driven mainly by the growing health consciousness & increased life expectancy among consumers, rising cases of chronic diseases, increasing applications of Omega-3, and emerging technologies in food processing to upgrade the nutritional benefits of the food products.
The dietary supplements & nutraceuticals segment accounted for the largest share of the lipid nutrition market, in terms of value, in 2016. Due to various health benefits of lipid nutrition such as Omega-3, Omega-6, and MCTs associated with weight management and performance enhancement, lipid nutrition is widely used in the dietary supplements & nutraceutical sector. Middle-class consumers in Asia are also showing a positive interest in nutrition and supplements due to urbanization and increasing income levels. Major food and pharma companies adopt strategies such as mergers and acquisitions to acquire nutraceutical products companies to enter the dietary supplements & nutraceutical market. Gymnasiums, health clubs, and yoga centers also contribute significantly to the growing demand for dietary supplements.
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In 2017, Asia-Pacific is estimated to hold a significant share in the global lipid nutrition market and is also projected to grow at the highest CAGR during the forecast period. 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. China is the dominating country in the Asia-Pacific region, due to the high consumption of lipid nutrition in infant nutrition and animal nutrition sectors. There have been immense growth opportunities in the European and North American markets, due to the rising demand for lipid nutrition from the food and feed industries.
This report includes a study of the product offerings and competitive benchmarking of leading companies. It includes the profiles of leading companies such as Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nordic’s Naturals, Inc. (U.S.), Croda International Plc (U.K.), Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), FMC Corporation (U.S.), Neptune Wellness Solutions (Canada), Aker BioMarine AS (Norway), Omega Protein Corporation (U.S.), FrieslandCampina (Netherlands), and Polaris Nutritional Lipids (France).
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