Nutritional Oil Powder Market

Nutritional Oil Powder Market Size, Growth (2023-2028)

The Global Nutritional Oil Powder Market size was worth US$ 2.1 billion in 2022, and it is estimated that it will reach US$ 3.2 billion by 2028 with an annual expansion rate of 6% between 2023 and 2028.

Market Overview:

Nutritional Oil Powder is an easy-to-mix powder that is consumed to increase essential fatty oil intake and daily calorie intake and can also be added to your daily meal replacement formula. They are often gaining more preference than capsules filled with nutritional oils that leave an unpleasant taste after flavoring in the mouth. The nutritional oil powder is easy to digest and suitable for children and the elderly. Manufacturers and producers in the food and beverage industry use nutrient oil powders in the form of hard gels, sprinkles, and tablets in products such as nutritional bars, shakes, and shakes. Nutritional oil powder is derived from a variety of sources including fish, soy, sunflowers, canola, and more. It is used in a variety of products in the nutraceutical, food and beverage, cosmetic, sports nutrition, and animal nutrition industries. The functionality of these products varies from product to product, depending on the end-use product. Advanced multifunctional powder formulation creates opportunity.

Recent Developments in Nutritional Oil Powder Industry:

• In August 2018, Archer Daniels Midland Company introduced Onavita ™ Algae DHA powder, which enabled the company to enter into health industry.

Nutritional Oil Powder Market Growth:

The lifestyle chosen by millennial consumers underscores the market demand for nutritional oil powder.

REPORT COVERAGE:

Drivers:

The increasing application of nutritious powdered milk in the sports nutrition, nutraceutical, animal feed and food processing industries are expected to generate significant demand for nutritious powdered milk in the forecast period. The nutritional oil powder industry is gradually maturing into a complete industry around the world as the food and beverage industry and stakeholders in the value chain introduce various kinds of nutritional oil powder products to satisfy the increasing demands of consumers. The nutritional oil powder is suitable for people of all ages, including children and the elderly, because it is easy to consume, can be mixed with a variety of foods, and is easy to digest. Unhealthy food choices, nutritional deficiencies, and the increased incidence of cardiovascular disease, asthma, cancer, and other chronic diseases have led to significant increases in consumer spending on specialty foods, including nutritious powdered milk. The use of nutritive oil powders in nutraceutical formulations is increasing at a significant rate. Sales of nutritional oil powder are expected to increase in the forecast period. Nutritional oil powder is widely used in cosmetics and personal care products, including lotions, skin care products, hair care products, and other products. Ancient technologies have praised plants and herbal ingredients for their excellent therapeutic and immune-enhancing properties. Due to their nutritional benefits, various herbal products are being incorporated primarily into health and dietary supplements.

Furthermore, the demand for plant raw materials has exploded due to recent technological advances and research activities. Nutritious powdered milk helps control cholesterol and lose weight. It is also rich in DHA, ALA, and Omega-3. Nutritional oil powders are primarily plant-based, which is why dietary supplement manufacturers' demands are to reduce fat in the blood, decrease inflammation, lower high blood pressure, and improve lung function. These beneficial properties may drive sales of the Nutritious Oil Powder market, showing strong growth over the outlook period. The role of nutritional oil powder through extensive research and development activities. This can create opportunities by improving the efficiency of existing product lines and enhancing the formulation of advanced multifunctional powders to ensure a strong market position. Experts note that the demand for easy-to-eat foods is increasing, the demand for organic foods is increasing, and as nutritious powdered milk picks up all the boxes, the demand for products will increase in the future. The massive shift from artificial to natural products is supporting the growth of nutritious milk powders around the world. market. The busy schedule is fueling a new era of consumer demand for convenient products. This is leading the food and beverage industry to not only taste good, but also healthy items, and the demand for nutritious oil powders has increased over the forecast period. The transition to vegans and vegetarians is increasing around the world. While the vegan and vegetarian diet continues to attract attention, consumer trends suggest an increase in the adoption of soybean oil powder. The number of vegans and vegetarians has grown rapidly in recent years as consumer awareness of meat consumption, environmental issues, and the adverse effects of animal cruelty increases. This growth is mainly due to the adequate mix of protein and high fat content of soybeans. K-Beauty and J-Beauty products have made a huge difference around the world.

Due to its versatility, the nutritional oil powder is used in skin care, hair care, color cosmetics, lotions, and other products. In addition to the growing popularity of Korean dramas in Asia and beyond, the growing influence of social media has led to an increase in demand for Korean or similar beauty products derived from natural ingredients. Companies that make cosmetics and personal care products are also investing in research and development to successfully incorporate nutritive oil powders into their final products. Growing consumer awareness of the use of beneficial and nutritious products is driving demand for cosmetics and personal care products. Due to these factors, the global nutritional oil powder market is expected to see an increase in demand. The global nutritional oil powder market demand is gradually maturing into a full-fledged industry around the world, with food manufacturers and other stakeholders in the value chain launching various variants of nutritional oil powder to meet the growing consumer demand. Additionally, evolving consumer interests, changing perceptions of a healthier lifestyle, and an increase in consumer awareness are some of the factors that have increased the demand for niche foods, including nutritious oil powders.

Restraints:

The high dependence on raw material suppliers hinders the growth of the global nutritious powdered milk market size. Furthermore, the volatility of the price of these products slows market growth. The growth curve of the world nutritional powdered milk market will be stable. However, certain restrictions act on the trajectory. One of the limitations that market participants experience is a lack of awareness in certain regions of the world, which affects market penetration.

Impact of COVID 19 on the Nutritional Oil Powder Market:

In 2020, the demand for nutritious oil powder is undergoing a major change compared to the previous year. Several companies operate the market through joint ventures, which somewhat helps with the current market scenario. The global nutrition oil powder market is undergoing development with rising consumer wages per capita in developed countries. However, sales and revenue will be limited without a validation verification of the viability of nutritional supplements for COVID-19.

Nutritional Oil Powder Market Segmentation Analysis:

The global nutritional powdered milk market is segmented by product type and end use.

By product type, the nutritional oil powder market is segmented into soybean oil powder, canola oil powder, flaxseed oil powder, coconut oil powder, sunflower oil powder, fish oil powder, palm oil powder, etc.

On the basis of end use, the market is segmented into nutraceuticals, food processing industries, cosmetics and personal care, animal nutrition, and sports nutrition.

Regional Analysis:

Based on the region, the global nutritional oil powder market is spread across the regions of Europe, Asia Pacific, North America and others. Asia Pacific is expected to have a dominant share of the global marketplace. In countries such as India and China, growing concern over infant and toddler nutrition is driving the growth of the nutritional powdered milk market worth in the Asia Pacific region. North America is expected to grow in the global nutritional powdered milk market at a healthy CAGR during the foreseen period. The rise in obesity and diabetes requires a nutritious diet to fuel the growth of the market in North America. Europe has a lucrative growth opportunity in the global market for nutritional powdered milk, as there are numerous products commercially available for target consumers.

Key Players in the Market:

Major Key Players in the Global Nutritional Oil Powder Market are

• Connoils LLC
• ABITEC Corporation
• Arjuna Natural Pvt. Ltd
• Crestchem Ltd
• Stepan Company
• The Green Labs LLC
• Alsec Alimentos Secos SAS
• SMS Corporation
• Ming Chyi Biotechnology Ltd
• Custom Food Ingredients Sdn Bhd