Lipids and fats are regarded as important components of foods and may perform essential role in reducing the risk of diseases and promote good health. Functional lipids can be defined as functional foods which are consumed as a part of usual diet and have ability to impose physiological benefits and reduce the risk of chronic disease beyond basic nutritional functions. There has been growing interest in the functional food in the recent past years within the food industry and from the consumers due to their expanded capability to prevent the body against developing certain types of diseases. Foods including, fruits, vegetables, grains, fish and dairy products are extensively studied for their natural health benefits and contribute towards benefits beyond those of basic nutrition. This includes functional foods with modified components such as yogurt with reduced or eliminated levels of fat content, or yogurt enriched with phytosterols. Other examples includes, juices with replaced or enhanced antioxidant content in order to improve the overall function of the product.

The global functional lipids market is expected to witness significant revenue opportunity over the forecast period attributed to its expanded applications in food industry, cosmetic industry and pharmaceutical industry. Increasing prevalence of life style related diseases are further expected to contribute towards the market growth of functional lipids over he forecast period.

Functional Lipids Market Segmentation

Global functional lipids market is segmented on the basis of products type, source, application and region.  On the basis of area of product type the global functional lipids market is segmented into, omega-3 fatty acids (alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA)), omega-6 fatty acids (gamma linoleic acid (GLA), and linoleic acid (LA)), conjugated linoleic acid (CLA), medium chain triglyceride oils, and phytosterols. On the basis of source, the global functional lipids market is segmented into plant and animal source. By application the global functional Lipids market can be segmented into, food and beverages industry, cosmetic industry and pharmaceutical industry. The food and beverages segment is further sub-segmented into bakery and confectionary, beverages drinks, dairy industry, desserts and ice cream, meat products, convenience foods and others. Recent past years have experienced a significant improvements in the development of beverage products containing healthier oils and nutritionally active lipid ingredients contributing towards the overall beverages segment of the global market.

On the basis of region the global functional lipids market is segmented into, North America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America and Europe are expected to account for the maximum revenue share in the functional lipids market attributed to increasing consumers demand for healthier food products.

Functional Lipids Market Global Market Trends and Market Drivers:

Due to rising cost of health care related products and expanding health benefits of functional lipids the food industry is keen to incorporate these functional lipids into various food products thus reducing cost and enhancing the product quality. Increasing prevalence of lifestyle related diseases, such as obesity, hyperlipidemia, atherosclerosis, type 2 diabetes and hypertension, in industrialized countries is contributing towards growth of nutraceutical market. More and more consumers are demanding for health supplements containing healthy lipids and oils which is pushing the market revenues for food products such as fish oils and omega oils thus helping the functional lipids market to grow at a rapid pace. Furtherer more demand for functional lipids is also booming in cosmetic industry where functional lipids are widely explored in the area of skin care products, lip care products, hair care products and others.

Some of factors contributing towards hampering the market growth is found in beverages industry wherein the most common obstacle for the development of beverages containing healthier oils is achieving oxidation stability, particularly food products with extended shelf life at ambient conditions.

Functional Lipids Market Key Players:

Variety of functional Lipids have been introduced by the manufacturers and some of the global market players manufacturing functional lipids market include; Sigma-Aldrich Co. LLC., Royal DSM ABF Ingredients, Stepan Company, Bioiberica S.A, Berg + Schmidt GmbH & Co. KG, Enzymotec, Nucorp Technologies and others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Functional Lipids Market