Lipid Nutrition is essential to fast required in our daily diet for proper functionality and metabolism of our body. The lipid nutrition market is composed of different types of fats with specific functionality and benefits of the human body. Also, lipid nutrition is also used in animal feed and pet food formulas to increase lipid contain the by products from the livestock and increase pet health.
The lipid nutrition market is expected to grow with recent trends of vegan food habit and supplementary diet by the urban population around the globe. North America to dominate the lipid nutrition market as a large part of the population stays in the urban region, among which a large part is leading sedentary life style leading to increasing demand for essential lipids to maintain health and wellness.
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Lipid Nutrition Market: Segmentation:
The Lipid Nutrition market can be segmented on the basis of source, type, end-user, and distribution channel.
On the basis of source, the lipid nutrition market is segmented into vegan and non-vegan. The non-vegan source is expected to stay dominate the lipid nutrition market over the forecast period. The vegan source to see growth over the forecast period as a shift in vegan food preference can be seen globally.
On the basis of type, the lipid nutrition can be segmented into omega-3, omega-6, MCT, and LCT. The omega 3 and omega 6 is anticipated to capture a large part of the lipid nutrition market.
On the basis of end-user, the lipid nutrition market can be segmented into food and beverage, dietary supplements, pharmaceuticals, personal care and cosmetics and animal feed and pet food. Food and beverage and dietary supplement segment is expected to stay strong throughout the forecast period for lipid nutrition market. The animal feed and pet food segment is expected to see growth due to increased humanization of animal feed and pet food products over the globe.
The Lipid Nutrition market can be segmented on the basis of distribution channels direct and indirect. The indirect can be sub-segmented into modern trade format, specialty stores, drug store, e-commerce and other retail formats. The drug store format and specialty are expected to have a larger share in terms of volume as targeted consumers are easy to achieve under such formats.
Lipid Nutrition Market: Region-wise Outlook:
North America is anticipated to stay lucrative market for the lipid nutrition as a large consumer base is already present for both fortified food and dietary supplements in the region. Europe to stand second to North America in lipid nutrition market in terms of revenue. Asia-Pacific is expected to boost the lipid nutrition market as awareness towards health and well-being through supplementary diet and the fortified food is increasing. Middle-East and Africa to also see good demand for lipid nutrition due to the high influx of foreign population and lifestyle.
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Lipid Nutrition Market: Drivers and Restraints:
Benefits of essential fats is expected to drive the global lipid nutrition market as rapid growth in lifestyle related diseases and disorders are increasing globally in urban population, consumer are opting for more easy ways to acquire their daily nutritional need. The vegan source of lipid nutrition to also drive the lipid nutrition market as a large part of the population depending on the vegan source of food are deprived of essential lipids in their diet.
The presence of substitutive products and less penetration are attributed to causing restraint over the forecast period for the lipid nutrition market.