Europe Lipid Ingredients Market Set to Soar Past USD 3.88 Billion by 2030
The Europe Lipid Ingredients market size is expected to reach USD 3.88 billion by 2030 and exhibit a CAGR of 3.9% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing demand for functional food and dietary supplements, growing awareness about the health benefits of lipids, rising prevalence of chronic diseases and the need for specialized nutrition, increasing focus on weight management and healthy lifestyle, growing aging population and their specific nutritional requirements, are fueling the market’s growth.
Westford,USA, Aug. 29, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Europe Lipid Ingredients market, increasing demand for omega-3 fatty acids and their derivatives, the growing popularity of plant-based and alternative lipid sources, the rising focus on personalized nutrition and customized lipid formulations, the emergence of innovative lipid delivery systems, expanding applications of lipids in the cosmetic and personal care industry, rising interest in specialty lipids for sports nutrition, adoption of sustainable sourcing and production practices, integration of digital technologies for traceability and transparency in the supply chain, are the trends that aid in the market’s growth.
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- Pages – 260
- Tables – 124
- Figures – 62
Lipids are organic compounds that include fats, oils, waxes, and other substances. Europe is a major producer and consumer of lipids ingredients, which are used in various products, including food, cosmetics, pharmaceuticals, and personal care. The European lipids ingredient market is expected to grow in the coming years due to the increasing demand for these products in different applications.
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Prominent Players in Europe Lipid Ingredients Market
- Cargill, Incorporated
- Archer Daniels Midland Company
- BASF SE
- Koninklijke DSM N.V.
- Kerry Group plc.
- Croda International PLC
- AAK AB
- ABITEC Corporation
- Avril Group
- Evonik Industries AG
- IOI Loders Croklaan
- Lipid Nutrition
- Lubrizol Corporation
- NOW Foods
- Omega Protein Corporation
- Roquette Frères
- SARIA Lifescience
- Stepan Company
- Wilmar International Ltd.
Omega-3 Fatty Acids Demand to Grow Substantially in the Forecast Period
Omega-3 fatty acids dominate the global market owing to their various health benefits. It is also known for its potential to reduce the risk of cardiovascular diseases, support brain health, and promote overall well-being. As a result, omega-3 fatty acids have gained significant popularity in the food, pharmaceutical, and dietary supplement industries.
Food and Beverage are the Leading Application Segment
In terms of application, food and beverage is the leading segment due to its wide range of applications. In addition, Lipid ingredients are used in a wide range of food products, including bakery goods, dairy products, snacks, confectionery, and functional foods. The increasing demand for functional and fortified foods, as well as the growing consumer interest in healthy and natural ingredients, drives the utilization of lipid ingredients in this segment.
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Western European Region is the leading Market Due to the Well established Food and Beverage Industry
Region-wise, Western Europe is one of the largest growing markets with a huge emphasis on the food and beverage industries. Countries in the region are known for their well-established food and beverage industries, advanced research and development capabilities, and strong market infrastructure. They also have a history of innovation and technological advancements in the lipid ingredients sector.
A recent report thoroughly analyzes the major players operating within the European lipid Ingredients market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for Europe Lipid Ingredients.
Key Developments in Europe Lipid Ingredients Market
- Organic and renewable supply chains are being accelerated. According to FIBL Europe, European organic retail sales provide their clients with completely traceable organic lipid components.
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Key Questions Answered in Europe Lipid Ingredients Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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