Polyunsaturated Fatty Acids Market is forecast to reach $10.59 billion by 2025, after growing at a CAGR of 11.23% during 2020-2025. An increasing number of chronic diseases leads to increased emphasis on interventions for preventive health. Rising awareness and consumer demand towards healthy eating and health benefits of essential fatty acids are driving the growth of the market significantly. Further driving the demand is innovative production techniques and the need for essential fatty acids in foods & beverages, and pharmaceuticals. In addition, during the forecast period, increase the overall market demand for polyunsaturated fatty acids. The report covers Polyunsaturated Fatty Acids Market size by product type and applications, Polyunsaturated Fatty Acids Market share by top 5 companies and also the market share by start-ups during the forecast period.
Higher availability of chia seeds, a rich source of linoleic acid, is expected to increase consumption of PUFAs in countries such as Brazil and Argentina, thus creating Latin America as another favorable region to make a positive contribution to the global market for polyunsaturated fatty acids (PUFAs).
The production and consumption of seafood, coupled with the consumer demand for super-fortified foods in Russia and Poland, the PUFA market in Eastern Europe is expected to experience reasonable CAGR over the forecast period.
Rising awareness and consumer demand for healthy eating and the health benefits of essential fatty acids and conjugated fatty acids are driving the growth of the market significantly.
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Product Type – Segment Analysis
Omega-3 Fatty Acid segment held the largest share in the Polyunsaturated Fatty Acids Market in 2018. Global Omega-3 PUFA Market is growing at a modest rate as a result of increased demand from the nutrition industry for health supplements and the healthcare industry for mental health and development of infants. Manufacturers of pharmaceutical drugs use Omega-3 as an ingredient for drugs that are used to treat diseases. Increasing individual health consciousness and a wide range of Omega-3 products are expected to drive the demand in the near future. Global Omega-3 Polyunsaturated Fatty Acid Market is affected by high costs due to low fish oil production and tremendous R&D spending. Nonetheless, rising omega-3 alternatives are expected to overcome the high cost from marine and plant sources.
Application – Segment Analysis
Pharmaceutical sector has been the primary market for Polyunsaturated Fatty Acids for many years is growing at a CAGR of 13.55%. PUFA Market is growing at a moderate rate due to the growing demand for health supplements from the food industry and the healthcare industry for infant mental health and development. Manufacturers of pharmaceutical drugs use Omega-3 as an ingredient in drugs used to treat different lifestyle diseases. Increasing individual health awareness and a wide range of Omega-3 products are expected to drive the market in the near future.
Geography – Segment Analysis
APAC dominated the Polyunsaturated Fatty Acids Market with a share of more than 35%, followed by North America and Europe. APAC regions such as China, India, Japan, and Korea are the most emerging economies and are expected to create significantly opportunities due to the enormous customer base and health benefits awareness. The APAC area is considered lucrative for the Global Polyunsaturated Fatty Acid Market due to the enormous population, improved spending on health care and increased awareness.
Drivers – Polyunsaturated Fatty Acids Market
Increasing preference for polyunsaturated fatty acids (PUFAs) against saturated fats increases the use of PUFAs worldwide.
Global market for polyunsaturated fatty acids (PUFAs) is driven primarily by the increased prevalence of chronic diseases such as cardiovascular diseases, stroke, cancer, and diabetes. Increasing use of PUFAs in processed food as a preferred ingredient is expected to drive demand for PUFAs in the near future. In addition, increasing preference for PUFAs against saturated fats increases the consumption of PUFAs worldwide. Furthermore, increasing use of PUFAs in nutritional products for infants and dietary supplements is an exclusive factor which increases the consumption of PUFAs worldwide.
Rising demand for omega-3 is reinforcing the market growth of global polyunsaturated fatty acids (PUFAs) market and is expected to exhibit lucrative growth over the forecast period
Omega-3 Polyunsaturated Fatty Acid Market is growing at a modest rate due to massive omega-3 consumption worldwide in dietary supplements and pharmaceuticals. Omega-3 Fatty acids cannot be synthesized by the human body and are considered essential for enhancing metabolic activities such as cognitive and cardiovascular functions. As a result, omega-3 adoption is increasing due to increased awareness and easy market availability of omega-3 fatty acids. Global growth in lifestyle-oriented diseases such as CVD, CHD, rheumatic arthritis, Parkinson’s disease and other lingering diseases are boosting the global PUFA omega-3 market.
Challenges – Polyunsaturated Fatty Acids Market
High cost will hamper the growth of the market
The growth of the global polyunsaturated fatty acids (PUFAs) market is expected to be curbed by rising prices of fish oils and scarcity of raw materials and high costs involved in R&D activities. Global Omega-3 Polyunsaturated Fatty Acid Market is affected by high costs due to low fish oil production and tremendous R&D spending. Nonetheless, rising omega-3 alternatives are expected to resolve the high cost from marine and plant sources.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Polyunsaturated Fatty Acids Market. In 2018, the market of Polyunsaturated Fatty Acids has been consolidated by the top five players accounting for xx% of the share. Major players in the Polyunsaturated Fatty Acids Market are Koninklijke DSM N.V., Enzymotec Ltd., Aker BioMarine AS, Croda International PLC, GlaxoSmithKline plc, FMC Corporation, Omega Protein Corporation, BASF SE, Cargill, Incorporated, and Polaris Nutritional Lipids among others.
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