ALBANY, New York, Feb. 18, 2020 /PRNewswire/ -- Finding its place in a number of industries such as nutraceuticals, personal care and cosmetics, food processing, sports nutrition and so on, the global nutritional oil powder market will witness impressive growth over the forecast period of 2019 to 2027.
"The food processing industry accounts for a large share of the market – about 57% of total. Uses in this industry include infant formulas, dairy products, bakery and confectionary goods. Overall, the market would chart a Compound Annual Growth Rate of ~6%, pulling the market valuation up to USD 3.2 bn. by the end of the forecast period – a notable increase from ~USD 2 bn. in 2019", states Transparency Market Research.
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Key Findings of the Nutritional Oil Powder Market Study
- Conventional Nature segment to be a prominent contributor to the overall growth of global nutritional oil powder market; in terms of value, it accounts for a 97.8% market share
- Soybean Oil Powder segment in product type to emerge as a leading segment, growing at 5%, compounded annually to hold a hefty 27% share of the market by 2027
- Food Processing to drive the global nutritional oil powder market onto a high growth trajectory over the assessment period
Explore 149 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Nutritional Oil Powder market by Product Type: Canola Oil Powder, Soybean Oil Powder, Sunflower Oil Powder, Coconut Oil Powder, Palm Oil Powder, Fish Oil Powder, Flaxseed Oil Powder, and Others; Nature: Organic and Conventional; and End Use: Food Processing Industry, Nutraceuticals, Animal Nutrition, Cosmetics & Personal Care, and Sports Nutrition, Forecast 2019 – 2029 at https://www.transparencymarketresearch.com/nutritional-oil-powder-market.html
Nutritional Oil Powder Market: Key Driving Factors
The lifestyle choices being made by the millennial consumer underscore the demand for nutritional oil powder market, as per Transparency Market Research. Some of the factors that stand tall in the overall tabulation of key trends and drivers are outlined below:
- Hectic schedules are leading the new-age consumer towards demand for products that are convenient; this is leading the food and beverages industry towards items that are not just tasteful but also wholesome, leading to higher demand for nutritional oil powder over the forecast period
- Experts note a surge in demand for easy to eat food items and an increase in demand for organic food items and as the nutritional oil powder ticks all the right boxes, the period to come would witness an increase in demand of the product; a massive shift from artificial to natural products is supporting growth in the global nutritional oil powder market
Key Impediments for Nutritional Oil Powder Market Players
Over the forecast period, the growth curve of global nutritional oil powder market will be steady. However, certain restraints would be acting upon the trajectory. One of the restraints that market players are set to experience is lack of awareness in certain regions of the world, impacting market penetration.
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Nutritional Oil Powder Market: Region-wise Analysis
- Over the forecast period, 2019 to 2027, the region that is all set to be at the forefront of global nutritional oil powder market in terms of consumption is Asia Pacific (APAC)
- In the year 2019, the region accounted for an impressive market share, leading the global nutritional oil powder market and the trend is set to continue throughout the forecast period, ending 2027
- The Asia Pacific region will witness a very high growth rate, compounded annually over the stated period for assessment
Analyze Nutritional Oil Powder market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study,
One of the key areas of focus for global nutritional oil powder market is exploring novel approaches of production. The aim is to ensure sustainability marks the process. Thus, it does not come as a surprise that the research and development is set to be a major focus area for players over the forecast period. Additionally, it is worth noting that key alliances also hold a prominent place in the overall growth strategy for certain players.
Key players operating in the global nutritional oil powder market as profiled in the Transparency Market Research report include Connoils LLC, ABITEC Corporation, Crestchem Ltd., Bioriginal Food, Science Corporation, Arjuna Natural Pvt Ltd., Stepan Company, The Green Labs LLC, SMS Corporation, Alsec Alimentos Secos SAS, Custom Food Ingredients Sdn Bhd, and Ming City Biotechnology Ltd., among others.
Transparency Market Research has segmented the global Nutritional Oil Powder market report based on type, nature, end-use, and region
Global Nutritional Oil Powder Market: Segmentation
Nutritional Oil Powder Market, by Product Type
- Canola Oil Powder
- Soybean Oil Powder
- Sunflower Oil Powder
- Coconut Oil Powder
- Palm Oil Powder
- Fish Oil Powder
- Flaxseed Oil Powder
Nutritional Oil Powder Market, by Nature
Nutritional Oil Powder Market, by End Use
- Food Processing Industry
- Animal Nutrition
- Cosmetics & Personal Care
- Sports Nutrition
Nutritional Oil Powder Market, by Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- South Korea
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- New Zealand
Explore Transparency Market Research's award-winning coverage of the global Food and Beverages Industry,
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