Global nutritional lipids market on the rise

Increasing consumer awareness about nutritional lipids' health benefits and the widening scope of Omega-3 in the pharmaceutical space will boost the global nutritional lipids market over the next five years. Frost & Sullivan’s new report revealed that market revenue would grow from US$4 billion in 2019 to $4.8 billion in 2025 at a compound annual growth rate (CAGR) of 3.3%. Surging demand for Omega-3 and medium-chain triglycerides (MCT) drove the growth. Omega-3 are mostly derived from fish while MCT is from coconut, palm and kernel oil and dairy products.
Nimisha Dhomne, research analyst, Chemical, Materials and Nutrition Practice, Frost & Sullivan, said:
"MCT consumption is set to increase, especially in the weight-loss or weight management regimens, fueling global demand for dietary supplement and functional food applications."
She added: "The COVID-19 pandemic negatively impacted the industry in 2020 due to supply chain disruptions and reduced consumer spending in both developed and developing countries."
However, the expanding application scope of Omega-3 in pharmaceutical sectors with many clinical trials and regulatory approvals is likely to benefit the market, Dhomne said. (Image from F&S)