Nutritional oil powders are generally obtained from fish, soy, canola, and sunflowers, among others, and contain calorie & vital fatty oils. These powders are very nourishing and are even safe for consumption by elderly people and kids. Nutritional oil powders have application in numerous sectors like cosmetics, food processing, animal feed, nutraceutical, and others.
People across the world are becoming more health conscious has resulted in rising shift in customer preferences which is likely to act as the major growth factor for the global nutritional oil market. Also, the products prepared from natural ingredients will witness more demand in comparison to the chemical ones thereby boosting market growth. These powders are used in healthy skin, creams cosmetics, and hair care owing to several functionalities.
Also, they find application in the food & beverages industry. At present, customers seek for healthy, convenient, premium, and nutritious products and goods. All of these factors are expected to drive the market demand during forecast period. in addition, the consumer goods sector is flourishing owing to R&D activities allowing the launch and production of advanced products. Also, sports nutrition and nutraceutical have witnessed revolting modifications in past years and their stipulation is anticipated to surge during coming period, thereby bringing up several growth avenues for nutritional oil powder producers.
The global nutritional oil powder market can be segregated based on nature, type, distribution channel, applications, and region. The market, by nature, is divided into conventional and organic. The market, by distribution channel, is categorized into retail shops, online, convenience store, and hypermarket/supermarket. The market, by applications, is classified into nutraceutical, infant formula, food processing, cosmetic & personal care, animal nutrition, and others. The market, by type, is bifurcated into soyabean, canola, coconut, sunflower, flax seed, and palm oil powder. The market, by nature, is categorized into infant food, snacks & savories, sauces, dressings, & soups, and others.
Region-wise, the global nutritional oil powder market is projected to be governed by Asia Pacific during the forecast period on account of growing health-consciousness among people and rising disposable income. Further, North America is also likely to witness noteworthy growth in years to come owing to rising incidence of obesity and diabetes.
Prominent players participating in the global nutritional oil powder market include ABITEC, ConnOils LLC, Bioriginal Food & Science Corp, Crestchem Limited., STEPAN COMPANY, ARJUNA NATURAL PVT LTD, SMScor., THE GREEN LABS LLC, Yantai Shuangta Food co., LTD, Ming Chyi Biotechnology Ltd., Leith Sourcing, LLC, Coconut Product Manufacturing, Natural Biofresh., Shivam Castor Products Private Limited, Mahalaxmi Industries., Pruthvi’s Foods Private Limited., Neo Sanjivani, and Arora Aromatics Pvt. Ltd. To cite, in June 2019, a new series of DHA/EPA blends was introduced by Archer Daniels Midland Company entailing omega 9, 6 and 3 that is believed to aid in supporting heart, cognitive, eye or immune system health. The new blends, named Almega EPA and Onavita Algal DHA, were developed in association with a forerunner in algae cultivation, Qualitas Health.
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