Increasing in Prevalence of Cardiac Diseases, and Obesity Primarily Fuel Lipid Nutrition Market Growth
Besides their direct health nutrition benefits, lipids are widely used across flourishing industries such as skincare, cosmetics, and pharmaceuticals. Increasing lipid consumption owing to growing consumer awareness about the benefits of a healthy fat diet is expected to account for mounting demand for the lipid-containing dietary supplement. This is likely to primarily drive global lipid nutrition market forward in future. The elderly's increased nutritional need, the increased usage of lipid nutrition in food supplements and infant formulae, the prevalence of chronic health issues, and rising obesity rates are all boosting demand for lipid nutrition, in turn pushing the growth prospects of lipid nutrition market. Consumer interest in preventative healthcare is growing, as is the understanding of lipid nutrition, its health benefits, and the prevalence of chronic health disorders. Reduced inflammation, cardiac stability, and a reduction in low-density lipoproteins are all health benefits of nutritional lipids. These elements are propelling demand for healthy lipids forward, thereby elevating the prospects of lipid nutrition market.
The growing cases of cardiovascular disease and the rise in healthcare spending are driving the expansion of the cardiovascular disease. According to WHO, CVDs kill 17.9 million people yearly, accounting for an estimated 32% of all deaths worldwide, with more than 75% of CVD-related deaths occurring in low- and middle-income countries. Lipids are essential contributors to cardiovascular disease (CVD) because they regulate plasma cholesterol concentrations, enhancing macrophage uptake, resulting in foam cell formation and ultimately plaque formation and inflammation. The growing prevalence of the cardiovascular disease will accelerate demand for lipid nutritional supplements in the coming years, which will further uphold lipid nutrition market. Obesity is rising due to sedentary lifestyles, poor eating habits, and a lack of physical activity. A report from World Health Organization (WHO) from April 2020 indicates that approximately 1.9 billion people worldwide are overweight, with 650 million adults categorised as obese. Since lipids play an essential role in the structure of the cell, and as an energy hub for cells, demand for lipid nutrition will increase with the growing amount of obesity.
Omega-3 Dominant in Lipid Nutrition Market with its Known Health Benefits
Omega-3 currently dominates the lipid nutrition market space. Consumer awareness of preventative medical products and the health benefits of omega-3 fatty acids are two main factors driving demand for lipid nutrition. Rising prevalence of CVDs, and an evolving dietary lifestyle are major factors driving higher product usage. The increasing importance of immunity development during the COVID-19 pandemic has reinforced the market's driving force. The growing use of omega-3 fatty acids in the diet to enhance heart and brain function is predicted to drive product demand. Sedentary lifestyles, work-from-home trends, and a lack of physical activity, particularly among people aged 30 to 40, are expected to drive up product demand.
North America commands a substantial market share because of the rising prevalence of diabetes and obesity, which necessitates a nutritious lipid diet. According to the CDC, 37.3 million Americans, about 1 in 10 Americans, have diabetes. The expanding F&B industry, and favourable dietary supplement regulations will likely boost regional market expansion. The market here is primarily driven by increased awareness of lipids’ nutritional and functional value. Rising chronic disease awareness and increased use of lipid in the pharmaceutical industry, together with increased R&D efforts in North America, are driving the market. The increasing use of improved medications is expected to fuel demand for lipid-based products in North America throughout the forecast period.
The Asia Pacific region is predicted to increase. The dietary supplement and pharmaceutical sectors are thriving in emerging markets such as India and China, propelling the market ahead. According to a survey conducted in July 2020, around 62 percent of China took dietary supplements, and 37 percent of the Indian population took nutritional supplements. As women's and new-borns’ health concerns have grown, so has the regional demand for dietary lipids. China controlled the Asia Pacific market. At the same time, due to the booming infant and women's nutrition markets, nations such as India, Japan, and South Korea are among the fastest-growing markets. As the Asia Pacific lipid nutrition market expands rapidly, international corporations are spending extensively in the food industry.
Global Lipid Nutrition Market: Competitive Landscape
In March 2022, Croda International Plc, the company that utilises innovative science to develop high-performance products and solutions that improve people's lives, announced that the UK Government had awarded it a £15.9 million grant to expand its manufacturing site in Leek, Staffordshire. The funding will significantly accelerate the development of high-purity lipid systems required to deliver next-generation nucleic acid therapeutics such as mRNA vaccines. In April 2020, Royal DSM, a global science-based company in Nutrition, Health, and Sustainable Living, today announced the completion of its €765 million acquisition of Glycom A/S ("Glycom"), the top global distributor of Human Milk Oligosaccharides (HMO).
Few of the players in the lipid nutrition market include Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nordic’s Naturals, Inc. (U.S.), Cargill (U.S.), Croda International Plc (U.K.), Kerry Group plc (Ireland), Archer Daniels Midland Company (U.S.), Neptune Wellness Solutions (Canada), FMC Corporation (U.S.), Omega Protein Corporation (U.S.), Aker BioMarine AS (Norway), FrieslandCampina (Netherlands), and Polaris Nutritional Lipids (France).
Regional Classification of the Global Lipid Nutrition Market is Listed Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Lipid Nutrition Market
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