Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 2.34 Billion | USD 4.23 Billion | CAGR at 6.80% | 2023 |
According to the report published by Zion Market Research, the global Nutritional Oil Powder Market size was valued at USD 2.34 Billion in 2023 and is predicted to reach USD 4.23 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.80% during the forecast period. The report analyzes the global Nutritional Oil Powder Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Nutritional Oil Powder Market industry.
Nutritional oil powder is a convenient blending powder that can be consumed to boost the intake of essential fatty oils along with maintaining the daily calorie intake. They are also added as meal replacement formulas. Nutritional oil powders are convenient to assimilate and are also perfect supplements for the geriatric population and children. Such nutritional oil powders are gaining immense popularity over the oil-filled capsules that often facilitate a nasty taste. Nutritional oil powders are also utilized by manufacturers in the food and beverage sector in the form of tablets, gel, or powder in different products like smoothies, shakes, and nutritional bars.
The nutritional oil powder is gradually developing into the full-fledged sector all around the world as the various end-users in the supply chain are introducing several varieties of nutritional powder products to fulfill the growing demands from consumers. It is likely to drive the growth of the global nutritional oil powder market vigorously during the forecast period. The surging applications of the powders in animal feed, nutraceuticals, and other food processing products are likely to generate huge demand for nutritional oil powder all across the globe in the forthcoming years. Since these powders can easily be blended with other foodstuff, consumers are innovating dishes with these powders as a primary ingredient to prepare a healthy dish for their families.
However, such a surging trend of healthy innovative dishes will further propel the growth of the global market. The several health benefits associated with these nutritional oil powders will further accelerate its demand in the market. However, the outbreak of Covid-19 has significantly escalated the demand and supply of these nutritional oil powders globally. The growing disposable income of people will further complement the growth. The surging applications of nutritional oil powders in cosmetic and personal care products will also create several lucrative growth opportunities in the global market. Manufacturers are boosting the research and development activities to launch distinctive products and generate huge revenue out of the global nutritional oil powder market. Nutritional oil powders are gaining immense popularity among vegans as it has emerged as a good nutritional replacement for all animal-based nutritional products.
The global nutritional oil powder market can be segmented into application, type and region.
By application, the market can be segmented into sports nutrition, infant formula, cosmetic & personal care, animal nutrition, nutraceuticals, food processing and others.
By type, the market can be segmented into organic and conventional. The organic product segment accounts for the largest share in the global nutritional oil powder market due to its high demand and growing popularity among consumers.
Report Attributes | Report Details |
---|---|
Report Name | Nutritional Oil Powder Market Research Report |
Market Size in 2023 | USD 2.34 Billion |
Market Forecast in 2032 | USD 4.23 Billion |
Growth Rate | CAGR of 6.80% |
Number of Pages | 201 |
Key Companies Covered | Ming City Biotechnology Ltd., SMS Corporation, Custom Food Ingredients Sdn Bhd, Alsec Alimentos Secos SAS, The Green Labs LLC, Stepan Company, Arjuna Natural Pvt Ltd, Science Corporation, Bioriginal Food, Crestchem Ltd., ABITEC Corporation, and Connoils LLC. |
Segments Covered | By Application, By Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global nutritional oil powder market due to the presence of prominent market players in the region. Moreover, the growing population of vegans in the region will further drive the growth of the regional market. The ongoing technological advancements in the food and beverage sector along with increasing investments from leading companies are likely to significantly boost the growth of the regional market in the forthcoming years.
Asia Pacific is expected to witness a significant growth rate during the forecast period due to the presence of a strong customer base in the region. Moreover, the growing disposable income of people in the region along with growing health consciousness will also promulgate the growth of the regional market.
Some of the significant players in the global nutritional oil powder market are:
By Application
By Type
What Reports Provides
FrequentlyAsked Questions
The nutritional oil powder is gradually developing into the full-fledged sector all around the world as the various end-users in the supply chain are introducing several varieties of nutritional powder products to fulfill the growing demands from consumers. It is likely to drive the growth of the global nutritional oil powder market vigorously during the forecast period. The surging applications of the powders in animal feed, nutraceuticals, and other food processing products are likely to generate huge demand for nutritional oil powder all across the globe in the forthcoming years.
Some of the significant players in the global nutritional oil powder market are Ming City Biotechnology Ltd., SMS Corporation, Custom Food Ingredients Sdn Bhd, Alsec Alimentos Secos SAS, The Green Labs LLC, Stepan Company, Arjuna Natural Pvt Ltd, Science Corporation, Bioriginal Food, Crestchem Ltd., ABITEC Corporation, and Connoils LLC.
North America accounts for the largest share in the global nutritional oil powder market due to the presence of prominent market players in the region. Moreover, the growing population of vegans in the region will further drive the growth of the regional market. The ongoing technological advancements in the food and beverage sector along with increasing investments from leading companies are likely to significantly boost the growth of the regional market in the forthcoming years.
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