The Nutritional Oil Powder market is projected to grow at a CAGR of 5.5% to reach USD 3.1 billion by 2026 from 2.1 billion in 2019. Increasing in health consciousness amongst consumers for reducing calorie intake on account of the rising prevalence rate of several lifestyle diseases such as cardiovascular problems, high cholesterol and obesity along with consumers’ willingness to pay more for safe sugar substitutes has significantly contributed to the growth of this market. The growing consumer preferences towards natural ingredients is also accelerating the Market Growth.
The research report analyses the ecosystem of Nutritional Oil Powder and categorizes the Nutritional Oil Powder Market into various segments in order to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
In terms of Product Type, the soybean oil powder segment is leading the nutritional oil powder market segment
In terms of product type soybean oil powder segment of the Nutritional Oil Powder market is projected to be the largest, on account of increasing trend towards vegetarianism across the globe. The nutritional oil powder market is also experiencing a growth in demand for organic and natural products.
By End Use, the food processing industry is expected to be the largest growing segment
The food processing industry is the biggest application segment in the nutritional oil powders market. This segment includes bakery and confectionery, meat and seafood, dairy products, beverages, infant formulas, and other sectors. These powders are added to food products in order to enrich them with vitamins like A, D, E, K and many others that contribute to its high nutritional value. This also increases the saleability of food products.
Asia-Pacific is expected to be the largest and fastest-growing segment in the forecast period
The Asia Pacific accounted for the largest share of the Nutritional Oil Powder market. The region is also projected to witness a higher product demand in the coming years on account of increasing population, rising incidence of diabetes and other lifestyle-related diseases, shifting consumer preferences, and changing lifestyle habits. Rising disposable income coupled with health consciousness and growing consumer awareness in major Asia- Pacific countries such as Japan, China, India, Malaysia, Singapore, South Korea, and Indonesia has contributed to the growing market of Nutritional Oil Powder in this region.
Nutritional Oil Powder Market Drivers
Nutritional Oil Powder Market Restraints
Nutritional Oil Powder Market Opportunities
Nutritional Oil Powder Market Challenges
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.
Research Methodology
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