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.
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:
By Region and Country:
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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
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:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product, Application, Source, Form, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.2%.
Increasing awareness and a revival in demand are boosting the global market for omega-3
Major global Essential Fatty Acids Market players 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
Organoleptic properties and other process-related challenges impede the market growth
North America is expected to account for the largest market revenue share in the Global Essential Fatty Acids market.
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