New York, February 2022: Axiom Market Research & Consulting™ added a report on global nutritional oil powder market which includes study on type, nature, applications, and geography. Global nutritional oil powder market was projected to grow at a CAGR of 5.79% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the global nutritional oil powder market.

The increasing uses of the nutritional oil powders in the nutraceuticals, animal feed, food processing industries, the change in the lifestyle of the people and increase in the number of the vegetarian and vegan people, along with the growing awareness for the different nutritional oil powders in the different applications with the pure and health benefiting properties and the growing demand for the high value nutritional oils, growing area of interest in the supplement space and dosage forms have been propelling the growth of the global nutritional oil powder market during the forecast period. 

The report analyses the global nutritional oil powder market based on type, nature, applications and geography. By type, the global nutritional oil powder market is segmented into canola oil powder, soybean oil powder, sunflower oil powder, coconut oil powder, palm oil powder, flaxseed oil powder, and fish oil powder. By nature, the global nutritional oil powder market is segmented into organic and conventional. By application, the global nutritional oil powder market is segmented into food processing, nutraceutical, animal nutrition, cosmetic and personal care, and infant formula. Based on the geography, the global nutritional oil powder market is studied for the regions including North America, Europe, Asia Pacific and Rest of the World. 

Soybean oil powder type segment is expected dominate the global nutritional oil powder market

The increasing usage of the soybean oil powder in the different nutritious drinks like the sport nutrition, along with the nutritional among the others, and the powdered soybean oil is also significantly been promoting the health of the skin and protection against the inflammation has been driving the growth of the segment in the global nutritional oil powder market during the forecast period. 

Conventional nature segment is expected to dominate the global nutritional oil powder market

The growing consumer awareness about the use of the beneficial and nutritious products, along with the increase in the conventional nature like food processing, nutraceutical, animal nutrition, cosmetic and personal care, infant formula among others has been responsible for driving the growth of the segment in the global nutritional oil powder market during the forecast period. 

Food processing application segment is like estimated to have majority market share in the global nutritional oil powder market

The shifting trends of the consumer towards the veganism and vegetarianism, along with the ongoing innovation in the food processing technology and increasing usage of the nutritional oil powder, growing demand for the function food from the consumer because of the value added in the nutritional oil powder products providing health and wellness benefits has been driving the growth of the segment in the global nutritional oil powder market during the forecast period. 

Asia Pacific is expected to lead the global nutritional oil powder market

The growth in the nutritional oil powder along with the growing health consciousness, increasing incidence of diabetes, lifestyle related disease, and rapid shift in consumer preference for healthy life, increase in the disposable income mixed with the health consciousness have been driving the growth of the global nutritional oil powder market during the forecast period. 

Key Competitors

The key competitors in the global nutritional oil powder market are Connoils LLC. (US), Abitec (US), Crestchem Ltd (India), Bioregional. (Canada), Stepan Co. (US), Green Labs LLC (US), SMS Co. (Japan), Custom Food Group BHD (Malaysia), CoreFX Ingredients (US), among others. 

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