North American Lipid Market is projected to register a CAGR of 5.16% 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 Awareness on the Nutritional Importance of lipids
The growing awareness regarding the nutritional and functional importance of lipids is primarily driving the market studied. Dietary lipids (mainly triacylglycerols) are the concentrated dietary source of fuel, contributing to 15-50% of the body energy requirements. The vital role that lipids play in the enrichment of the body and sustaining health cannot be replicated by any other class of nutrients.
Furthermore, Consumers are becoming increasingly aware of the dietary importance of lipids. A certain class of functional lipids is gradually recognized for providing enhanced physiological benefits and/or reduce the risk of chronic disease beyond basic nutritional functions, which in turn boosting the market studied.
Omega 3 & Omega 6 holds a Prominent Share in the Market Studied
Omega-6 and omega-3 polyunsaturated fatty acids (PUFAs) are essential fatty acids that must be derived from the diet (it cannot be produced by man), and other mammals, because of the lack of endogenous enzymes for omega-3 desaturation. Moreover, EPA and DHA have numerous scientifically proven health benefits, which make them the preferred omega fatty acids. Linoleic acid accounts for 85-90% of dietary omega-6 fatty acids. The risk of developing type-2 diabetes could be significantly reduced by eating a diet, rich in omega-6 polyunsaturated fats, which in turn boosting the Omega-6 and omega-3 growth during the forecast period.
The major manufacturers in the market studied are delivering consistent top a 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 increasing specific demands. Some of the major players in the market studied are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Koninklijke DSM N.V. among others.
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