Essential Fatty Acids Market Is Expected To Reach $12.60 Billion By 2032

11-Jul-2024 | Zion Market Research

Zion Market Research has published a new report titled “Essential Fatty Acids Market By Form (Powder, Syrup, Oil, and Others), By Source (Plant, Marine, and Dairy), By Product (Omega-9, Omega-7, Omega-6, and Omega-3), and By Application (Cosmetics, Infant Formula, Dietary Supplements, Animal Food and Feed, Pharmaceuticals, and Food and Beverages), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032”. According to the report, the global essential fatty acids market was USD 5.34 billion in 2023 and is predicted to grow to around USD 12.60 billion by 2032 with a compound annual growth rate (CAGR) of roughly 10% between 2024 and 2032.

Fatty acids are essential for humans and animals for the proper functioning of their biological systems and are also referred to as essential fatty acids. However, these fatty acids cannot be synthesized on their own. It is important to have proper intake of these fatty acids for the normal functioning of one’s body.

Browse the full “Essential Fatty Acids Market By Form (Powder, Syrup, Oil, and Others), By Source (Plant, Marine, and Dairy), By Product (Omega-9, Omega-7, Omega-6, and Omega-3), and By Application (Cosmetics, Infant Formula, Dietary Supplements, Animal Food and Feed, Pharmaceuticals, and Food and Beverages), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032 Report at https://www.zionmarketresearch.com/report/essential-fatty-acids-market

Global Essential Fatty Acids Market

The global essential fatty acids market is expected to show significant growth over the forecast time period, owing to the rising awareness among the consumers about various beneficial food products due to the increase in the number of chronic disorders. Moreover, the growing demand for these acids in food and beverage and pharmaceutical industries is also expected to drive this market. However, the presence of cheap substitutes in some regions may limit this market over the forecast timeline.

The essential fatty acids market is fragmented on the basis of form, source, product, and application. On the basis of form, the market includes powder, oil, syrup, and others. Fish oils have gained much popularity in recent years, as they are rich in omega-3 that has many advantages, such as it helps in reducing blood pressure, supports eye-health, improves skin, and aids weight loss. Syrups are showing significant market growth, due to their easy availability and cost-friendliness.

According to source, the essential fatty acids market is divided into marine (krill oil, algae, fungus, and fish oil), dairy, and plant (chia seeds, flax seeds, and others). Plant and dairy segments are expected to show substantial growth, due to people are shifting from non-vegetarian to vegetarian cuisines. Alternatively, the marine segment is expected to dominate the market, due to a large population base preferring non-vegetarian food.

By product, the market comprises omega-3, omega-6, omega-7, and omega-9. Omega-3 and Omega-6 dominate the market, as these are most important fatty acids for the human body and their deficiency can lead to several disorders related to kidney, liver, immune system, and skin. However, their excess intake is also prohibited, as it can cause hormonal imbalance and tissue malfunctioning.

By application, the market includes cosmetics, pharmaceuticals, infant formula, dietary supplements, food and beverages, and animal food and feed. The cosmetic industry is expected to witness significant growth, as these acids are good for skin and hair. Moreover, increasing awareness about the various health benefits of these fatty acids has led to their consumption in the form of dietary supplements.

North America is expected to dominate the essential fatty acids market globally over the forecast time period, due to increasing modernization and urbanization in the region. The Asia Pacific will grow significantly in the upcoming years, owing to the changing lifestyle of the consumers rising health-conscious of the regional population.

Essential Fatty Acids Market: Competitive Analysis

The global essential fatty acids market is led by players like:

  • Koninklijke DSM
  • The Dow Chemical
  • FMC
  • Aker Biomarine
  • Golden Omega
  • Omega Protein
  • Enzymotec
  • AcastiPharma
  • Maruha Nichiro Foods
  • Stepan
  • Croda International

This report segments the global essential fatty acids market into:

Global Essential Fatty Acids Market: Form Analysis

  • Powder
  • Syrup
  • Oil
  • Others

Global Essential Fatty Acids Market: Source Analysis

  • Plant
  • Marine
  • Dairy

Global Essential Fatty Acids Market: Product Analysis

  • Omega-9
  • Omega-7
  • Omega-6
  • Omega-3

Global Essential Fatty Acids Market: Application Analysis

  • Cosmetics
  • Infant Formula
  • Dietary Supplements
  • Animal Food and Feed
  • Pharmaceuticals
  • Food and Beverages

Global Essential Fatty Acids Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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