Essential Fatty Acids Market

Essential Fatty Acids Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Essential Fatty Acids Market grew at a CAGR of 5.6% between 2017-2021 and is estimated to be US$ 5,146.7 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.2% and is expected to reach a valuation of US$ 8,544.5 Mn by 2032 end.

Rayner Products creates and sells dependable goods for a range of applications as the Omega-3 segment continues to be a focus in many sustainable applications for EPA and DHA. They are typically utilized in specialized medical institutions as resources to support children’s growth or as preventative medicine devices for chronic disease. Omega 3 stands out among all the essential fatty acids, with a growing industry potential of about US$ 5 billion over the following ten years.

Market Dynamic

INCREASING AWARENESS AND A REVIVAL IN DEMAND ARE BOOSTING THE GLOBAL DEMAND FOR OMEGA-3

Saturated fat consumption that is excessive can lead to issues with heart health. Essential fatty acids decrease cardiovascular disease risk. Low-density lipoprotein cholesterol levels and the risk of cognitive impairment in adults can be reduced by eating a nutritious diet rich in heart-protective monounsaturated and omega-3 fats.

Organizations like the World Health Organization and the American Heart Association recommend a diet high in fish intake. Additionally, these groups advise eating primarily fatty fish twice a week. Such measures are assisting in raising Omega 3 demand.

There is a forthcoming banal trend in demand among consumers, especially those who are allergic to other modes of such consumption as fish, thanks to the upcoming batch of medications providing Omega-3, Vascepa, and Epanova.

ORGANOLEPTIC PROPERTIES AND OTHER PROCESS-RELATED CHALLENGES IMPEDE MARKET GROWTH

The most important marine sources of the product are fish and krill. Over the past few years, the method for obtaining omega-3 from marine sources has changed. Producers encounter a few process-related difficulties that restrain the market’s expansion. The benefits of omega-3 from marine sources include having a fishy taste and smell that makes for a bad sensory impression. These fatty acids can alter the flavor balance of functional foods.

High processing temperatures may also have an impact on the product’s quality. Omega-3 fatty acids are obtained from marine sources by the extraction and purification of waste, and the contamination of the derived product may reduce its purity. The difficulties of creating high-quality, incredibly durable purified products are impeding the market’s growth.

TECHNOLOGICAL ADVANCEMENTS TO SUPPORT MARKET GROWTH

The constant advancements in technology that boost the delivery and absorption of omega-3 fatty acids in the body are one of the main drivers of market expansion. Due to their bioavailability and variable absorption rate, the development of lipid-based supplements continues to be difficult. Numerous studies indicate that several factors may restrict the body’s ability to absorb omega fatty acids. The major market participants are pouring a lot of money into research and development to incorporate technology that will increase the body’s ability to absorb omega-3.

Market Segments Covered in Report

By Product Type:

• Omega-3 Fatty Acid
• ALA
• DHA
• EPA
• Omega-6 Fatty Acid
• LA
• ARA
• Omega-7 Fatty Acid
• Omega-9 Fatty Acid

By Application:

• Dietary Supplement
• Infant Formula
• Pharmaceutical
• Food and Beverages
• Animal Food and Feed
• Cosmetics

By Source:

• Marine
• Algal and Fungus Oil
• Fish Oil
• Krill Oil
• Plant
• Chia Seed Oil
• Flax Seed Oil
• Others
• Dairy Products

By Form:

• Oil
• Syrup
• Powder
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

What are the benefits of Omega 3 fatty acids?

Omega-3 fats have been demonstrated to help prevent heart disease and stroke may help manage lupus, eczema, and rheumatoid arthritis, and may play protective roles in cancer and other illnesses. These benefits are most likely the result of omega-3 fats. A significant family of polyunsaturated fats is the omega-3 family.

Which application is increasing in demand?

Food and Beverages are increasing in demand.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 34.0%, the essential fatty acids market in North America is anticipated to expand at a CAGR of 5.3%. The two main market drivers are the growing demand for dietary supplements and the popularity of plant-based foods.
• The performance of the essential fatty acid market in India can be attributed to consumers’ rising health consciousness and growing knowledge of these acids’ advantages. The main factors influencing this growth are consumers’ increasing health consciousness and their growing understanding of these acids’ advantages. Nutralite, Dabur, and Amul are the major participants in this market.

Competition Analysis

Due to numerous local and regional competitors, the global market for essential fatty acids is extremely fragmented and competitive. Key players use various marketing techniques, including alliances, growth, mergers and acquisitions, and collaborations.

Some of the key developments that have taken place in the Essential Fatty Acids Market include the following:

• In July 2021, a new line of Forest Remedies’ plant-based Multi Omega 3-6-9 gummies and soft gels featuring ahiflower as a key ingredient was recently announced by Neptune Wellness Solutions Inc., a diversified and fully integrated health and wellness company. This new item can assist customers in meeting their body’s needs for nutrients.
• In February 2021, a startup based in India, OZiva, announced the release of new vegan Omega-3 multivitamins to meet the rising demand for vegan dietary supplements.

A list of some of the key suppliers present in the market are:

• BASF SE
• FMC Corporation
• The Dow Chemical Company
• Koninklijke DSM NV
• Enzymotec Ltd.
• Croda International Plc
• Omega Protein Corporation
• Aker BioMarine AS
• Polaris Nutritional Lipids
• Cargill, Incorporated
• Arista Industries
• Nutrifynn Caps, Inc.
• Sea Dragon Ltd.
• Lysi hf.
• GC Rieber Oils AS
• Bizen Chemical Co. LTD
• Maruha Nichiro Corporation
• Olvea Fish Oils
• Arctic Nutrition AS
• Golden Omega

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.