Polyunsaturated Fatty Acids Market Size, Share, Demand, Growth & Trends by 2032
The global polyunsaturated fatty acids market is predicted to create an absolute dollar opportunity by exhibiting a CAGR of 5.4% from 2022 to 2032. The market size reached a valuation of US$ 5459.4 Mn in 2021 and it is to touch a valuation of US$ 5743.3 Mn in 2022. Due to polyunsaturated fatty acid’s widespread application in several industries including pharmaceuticals and healthcare, food & beverages, dietary supplements, infant formula, and several other applications, which is projection a valuation of the market of about US$ 9717.8 Mn by 2032.
As compared to the historical forecast which
registered a growth of 6.7% CAGR between 2016 and 2021, the current forecast of
the global polyunsaturated fatty acids market size is predicted to show
sluggish growth at 5.4% CAGR between 2022 and 2032.
Various multinational companies and key players in the
polyunsaturated fatty acids market have established and integrated value chains
involved in manufacturing raw materials and supplying omega acids as finished
products. These companies are able to integrate across several levels of the
value chain whilst maintaining a meticulous supply of raw materials and keeping
manufacturing costs at a minimum.
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Key Takeaways
- Polyunsaturated
fatty acids are vital fatty acids that are essential for brain function
and cell growth. These fatty acids are not produced by the human body,
they are taken through diets. Owing to its undeniable need for the growth
of the body, the demand for polyunsaturated fatty acids is propelling in
the global market.
- Polyunsaturated
fatty acids consist of omega-3 fatty acids and omega-6 fatty acids. They
are drastically being replaced by trans and saturated fats by offering
various health benefits for the body. PUFAs reduce triglycerides, prevent
arrhythmia, lower blood pressure, control blood sugar, and reduce the risk
for diabetes.
- Furthermore,
PUFAs assist in brain development and enhances the body’s ability to
absorb fat-soluble vitamins more effectively along with developing and
maintaining the body’s cells. Backed by such factors, a sharp rise in the
demand for products containing polyunsaturated fatty acids has been
witnessed within the last few years and the trend is likely to drive
growth in the market.
- The
surging prevalence of chronic diseases such as cardiovascular diseases,
cancer, stroke, and diabetes is expected to show opulent growth in the
sales of the polyunsaturated fatty acids market. Moreover, increased
consumption of polyunsaturated fatty acids in various end-use industries
is expected to push sales across the estimation period.
- Factors
such as rising awareness about the numerous health benefits of PUFAs and a
surge in cardiovascular diseases, along with rising consumption of
products with omega-3 fatty acids are driving growth in the global
polyunsaturated fatty acids market.
- Polyunsaturated
fatty acids play a vital role in improving the overall metabolic process
which results in enhancing cognitive functions. Consumers are rapidly
getting inclined toward high nutritional products is playing a crucial
role in boosting sales of polyunsaturated fatty acids.
Competitive Landscape
In order to fulfill the increasing demand for
polyunsaturated fatty acids, key manufacturers in the industry are shifting
their focus towards improving their production capabilities, R&D
investments, collaborative partnerships, and mergers and acquisitions.
The Major Keyplayers are Koninklijke DSM N.V., BASF
SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker
BioMarine AS
More Insights into the Polyunsaturated
Fatty Acids Market
According to Future Market Insights, the U.S. is expected
to dominate the North American polyunsaturated fatty acids market by possessing
a significant share in terms of consumption. This phenomenal growth in the U.S.
is driven by increasing usage of polyunsaturated fatty acids across rapidly
expanding industries such as food and beverage, pharmaceutical, and
nutraceutical along with the rising prevalence of cardiovascular disorders, and
growing consumer awareness about the benefits of PUFAs.
Germany is projected to garner a total revenue
share of about 5.9% in the global polyunsaturated fatty acids market by the end
of 2022. Growth in the market is driven by the rapid consumption of foods
containing polyunsaturated fatty acids.
Polyunsaturated Fatty Acids Market Key
segments
By Product Type:
- Omega-3
Fatty Acids
- Alpha-Linolenic Acid
(ALA)
- Docosahexaenoic Acid
(DHA)
- Eicosapentaenoic Acid
(EPA)
- Omega-6
Fatty Acids
- Linolenic Acid
(LA)
- Arachidonic Acid
(AA)
By Source:
- Marine
- Algal
and Fungus Oil
- Fish
Oil
- Krill
Oil
- Plant
- Chia Seed
Oil
- Flax
Seed Oil
- Other
By Application:
- Dietary
Supplement
- Infant
Formula
- Pharmaceuticals
- Food
and Beverages
- Animal
Food and Feed
By Form:
- Oil
- Syrup
- Softgel
and Capsule
- Other
(Powder, Emulsion and Gummy Candy)
By Region:
- North
America
- Latin
America
- East
Asia
- Europe
- South
Asia & Pacific
- Middle
East & Africa
Browse
Full Report: https://www.futuremarketinsights.com/reports/polyunsaturated-fatty-acids-market
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