Asia-Pacific Lipid Market is projected to register a CAGR of 6.28% during the forecast period 2020 - 2025.
- In the food processing industry, lipids (fats and oils) are increasingly utilized for palatability, satiety, and nutrition. Lipids also contribute prominently to the taste, flavor, and texture components in daily foods. Lipids, along with lipophilic constituents and essential oils, are extensively used in the pharmacy, perfumery, and cosmetics, for the manufacture of lacquers and colors.
- Lipids also form an integrated part of the feed industry, wherein it is increasingly utilized in pet food products, milk replacers, and compound feeds. Apart from improving the taste and appearance of pet foods, lipids also contribute to effective vitamin utilization, facilitate healthy and glossy fur, and improves general performance, health, and well-being of animals.
Key Market Trends
Rising Demand for Omega 3 & Omega 6 in Dietary Supplements
Most dietary supplements have a medium concentration of omega-3 capsules. The medium concentration of omega-3 capsules is the most selling consumer product, globally. In medium concentrations, products are in combination with EPA, and DHA. However, some products contain ratios of EPA, DHA, and ALA. Companies, such as, Nordic Natural, have a product algae omega with the total omega fatty acid concentration of 55%, which falls under the medium range of concentration, which in turn boosting the dietary supplements market in the region.
India Holds a Promineant Share in the market Studied
India is the largest producer of processed food in the Asia-Pacific region and the consumption of these processed foods has also increased, due to the growing economy and urbanization. The food lipid market is dominated by small-scale industries such as, confectionery, snack & sweet, beverage, and some multinational industries. The pharmaceutical industry is utilizing lipids topical agent, emollient, soothing agent, and demulcent, which is driving the overall lipid market in the region.
The lipid market in Asia- Pacific region is a highly competitive market with the various number of manufacturers of players trying to allure the consumers with their diverse offerings. Some of the major players in the market studied are Cargill Incorporated, Archer Daniels Midland Company, Avanti Polar Lipids, Lasenor Emul among others.
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