The Middle East and Africa Lipid Market is projected to grow at a CAGR of 4.14% during the forecast period (2020 - 2025).
- The consumer’s changing lifestyle in the Middle Eastern countries, in terms of feedings habits which is due to the rising health awareness about the consumption of lipids in a diet., is primarily driving the demand for edible oils in this region.
- Increasing disposable incomes and changing lifestyles in emerging countries are driving demand for processed foods.
- Growing food safety concerns in the African food markets are pressurizing manufacturing to adopt clean labels with the incorporation of health-based ingredients, including PUFA and MUFA.
Key Market Trends
Rising Demand of Medium Chain Triglycerides
MCTs are used along with usual medications for treating food absorption disorders, including diarrhea, steatorrhea (fat indigestion), celiac disease, liver disease, and digestion problems, due to partial surgical removal of the stomach (gastrectomy) or the intestine (short bowel syndrome). Athletes, sometimes, use MCTs for nutritional support during training and for decreasing body fat and increasing lean muscle mass. Thus, an increased supply of medium-chain triglycerides (MCT) is particularly important in patients with disturbances of digestion and absorption, such as disturbed bile secretion, classic celiac disease, short bowel syndrome, inflammatory diseases of the intestines, the disturbed outflow of lymph, some metabolic disease, and severe food allergies, as well as in prematurely born neonates.
Pharmaceuticals is the Fastest Growing Segment
Currently, most of the pharmaceutical products are based on fish oil formulation in the market.Omega-3 approved drugs from Vascepa contains 4g/day of EPA. For getting the same from dietary supplements, one will need to purchase a 10-40 omega-3 supplement capsule. The applications of omega-3 ingredients in pharmaceuticals have a niche market, as there are very few players, who are at a market entry stage. Many of them are still in the research and trial process for product formulation with algae omega-3 oil. The application of omega-3 ingredients in pharmaceutical products accounts for about 27% of the market. Algae EPA and DHA for drug formulation are the safest sources of omega-3 oil, due to their high purity and sensory profile than other omega-3 sources.
The Middle East and Africa Lipid Market lipid market is consolidated as major players are coming up with nutritional ingredient in order to expand their reach in food, beverage, and pharmaceutical industries and the most active companies in the are Koninklijke DSM N.V, Cargill Inc, BASF SE, Kerry Group and Archer Daniels Midland. Mergers and acquisitions, followed by new product launches are the most preferred strategies in the lipid market. The major manufacturers are delivering consistent top and bottom-line growth. The companies are increasing the proportion of protecting innovations as a strategy to attract the major share of the consumers and meet their growing specific demands.
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