Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Asia Pacific nutritional oil powder market. In addition, complete analysis of changes on the Asia Pacific nutritional oil powder market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic has certainly affected the market products sales as for preventing the spread of virus, safety of people the lockdown has stopped the inflow of consumer in hypermarket/supermarket, retails shops among others. However, the sales of products through online mode has more or less supported the Asia Pacific nutritional oil powder market growth. Also, market has certainly gained positive attention among consumers as products supports for good nutrition during COVID-19
The Asia Pacific nutritional oil powder market is driven by surging uses of nutritional oil powder in varieties of application like nutraceuticals, animal feed, food processing industries, among others. Besides, changing lifestyle of people and surging number of vegan and vegetarianism has contributed healthy growth in the market. Also, nutritional oil powder has become one of the attention gaining product among consumer as it offers different health benefiting properties which is likely to further create rising new growth opportunity for the market. Furthermore, the most of population across the globe is currently shifting towards the adoption of vegan diet which indeed has accelerated the market to major extend.
The market finds its majority opportunities with escalating product portfolio, demand for products across various oil powder products in different food processing, nutraceutical, animal nutrition, cosmetic and personal care, infant formula has contributed healthy growth in the market. Besides, new products innovation, launches in market, usage of different technology for the production of products is expected to drive the market to major extend over the projection period.
The Asia Pacific market for nutritional oil powder is expected to have different restraining factors like price volatility and high manufacturing cost. Besides lack of awareness for nutritional oil powder in hamper the market growth to some extent. Also, price volatility in market where based on products production, raw material price, supply and distribution are some hampering the market growth. The price volatility in the market is certainly associated with the price volatility in like soybean, canola, coconut, palm, flaxseed among others. Different weather conditions, production, supply, is expected to specifically affect the price volatility which ultimately affects the manufacturing cost of nutritional oil powder.
The major growth challenge for the market is price volatility and high manufacturing cost. Likewise, quality standard for Asia Pacific nutritional oil powder is expected to be major growth challenge for the market.
The report provides in-depth analysis of Asia Pacific Nutritional oil powder market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various Asia Pacific nutritional oil powder in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The Asia Pacific nutritional oil powder market comprises of different market segment like Type, Nature, Applications and Country.
By type, the Asia Pacific nutritional oil powder includes key segment of canola oil powder, soybean oil powder, sunflower oil powder, coconut oil powder, palm oil powder, flaxseed oil powder, fish oil powder. The soybean oil powder is expected to dominate in 2021 and maintain its dominance over the estimated time period (2022-2028). The different feature of segment contributing healthy growth in the market are the soybean oil significantly support for improving the immunity, preventing osteoporosis, managing heart health, lowering the cholesterol level which has boosted the market growth to major extend. Also, fish oil powder followed by canola oil powder is anticipated to growth at rapid pace during the forecast period.
The Asia Pacific nutritional oil powder market is significantly studied for key nature like organic, conventional. The conventional nature type is the leading segment in the Asia Pacific market. The growth of segment is attributed to rising number of consumer demand for different products has led the rise in demand for conventional nutritional oil powder. The conventional nature further has gained attention food manufacturing operating in sector. Besides, awareness regarding its conventional has significantly contributed healthy growth in market. Likewise, organic nature is anticipated to witness the growth at fastest pace during the forecast period.
The Asia Pacific nutritional oil powder market finds its major application in food processing, nutraceutical, animal nutrition, cosmetic and personal care, infant formula. In Asia Pacific region, the food processing has gained increasing growth specifically due to number of population are major shifting towards the vegan diet, and healthy lifestyle and consuming food products with different nutritional oil powder based healthy benefiting properties has certainly accelerated the growth of food processing segment. Likewise, nutraceutical followed by other segment is expected to hold second position in the market over the estimated time period. The growing demand for nutraceutical from consumer based has certainly boosted segment growth.
The Asia Pacific nutritional oil powder market is studied for the country China, India, Japan and Rest of APAC. China is likely to witness rapid growth in the nutritional oil powder market. The key factor contributing in the market growth are constant demand for various nutritional oil powder in market specifically from growing population, increasing incidence of diabetes and others diseases has led the rising awareness for the usage of nutritional oil powder market. Adding to that India is likely to witness growth at highest pace during the forecast period attributing to rise in disposable income, growing health consciousness has contributed healthy growth in the market. Also, with the rise in obesity population, the market is expected to new growth avenue over the estimated time period.
The competitive landscape analysis of Asia Pacific nutritional oil powder market is majorly based on rising product innovation, product availability, increasing presence of manufacturer operating in nutritional oil powder market has certainly contributed in the market growth. Besides, the market offers major products for different application to fulfill required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are Connoils LLC., Abitec, Crestchem Ltd, Bioregional, Stepan Co., Green Labs LLC, SMS Co., Custom Food Group BHD, CoreFX Ingredients.
February 2022: Capsoil Foodtech’s had announced innovatived platform that covert bioactive oils into water soluble powders. The company advanced the capacity for mixing oil and water by developing ultra-fine, water-soluble powders out of natural oils. This breakthrough present a new possibilities for integrating beneficial nutritional oils, fat-soluble vitamins and lipid based nutrients into a broadened range of functional foods and beverages as well as in new supplement formats.
October 2018: WStepan Co. launched lipid nutrition product called NEOBEE ProKeto. The product is microencapsulated C8 MCT oil sprayed onto pea protein support to create free flowing powder for food and nutritional supplement application.
Nutritional oil powder is ideally made from various sources by converting it into powder form. In nutritional oil powder mostly plant based source ingredient is considered a best way production of products. The use of plant base source ingredients further supports for alternative and better ways of bringing health ingredients with healthy well-being. The nutritional oil powder is a great way to add the clean energy of oil which are mostly present in organic and conventional and further can be used in food processing, nutraceutical, animal nutrition, cosmetic and personal care, infant formula among others. The Asia Pacific nutritional oil powder market comprises of different market segment like type, nature, applications and country. By type, the Asia Pacific nutritional oil powder includes key segment of canola oil powder, soybean oil powder, sunflower oil powder, coconut oil powder, palm oil powder, flaxseed oil powder, fish oil powder. The soybean oil powder is expected to dominate in 2021 and maintain its dominance over the estimated time period (2022-2028). The Asia Pacific nutritional oil powder market is significantly studied for key nature like organic, conventional. The conventional nature type is the leading segment in the Asia Pacific market. The Asia Pacific nutritional oil powder market finds its major application in food processing, nutraceutical, animal nutrition, cosmetic and personal care, infant formula. In Asia Pacific region, the food processing has gained increasing growth. The Asia Pacific nutritional oil powder market is studied for the country China, India, Japan and Rest of APAC. China is likely to witness rapid growth in the nutritional oil powder market
1) What are the drivers for Asia Pacific Nutritional oil powder market?
The key driving factors of the market are in surging uses of nutritional oil powder in nutraceuticals, animal feed, food processing industries, the change in lifestyle of people and surge in number of vegan and vegetarianism. This factor is anticipated to boost the market growth over the forecast period.
2) Which is the leading application segment for Asia Pacific Nutritional oil powder market?
Food processing has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which country is gaining majority of market share during the forecast period (2021-2028)?
China is expected to gain major market share during the forecast period (2021-2028)
