Global Essential Fatty Acids Market: Overview
Essential fatty acids are fatty acids that animals and humans must need for good health. However, they cannot produce these acids on their own. Essential fatty acids are required for biological processes, but do not include the fats that only act as fuel for the human and animal body. The development of the essential fatty acids market can be attributed to the increasing use of these acids for the production of dietary supplements.
Global Essential Fatty Acids Market: Growth Factors
The major driving aspect for the development of the essential fatty acids market globally is the developments made in the rubber and plastics industry, particularly in the emerging countries across the globe. The essential fatty acids are also vital for human nutrition. In the future, the dynamics of essential fatty acids market are projected to be shaped by the development in the supply chain management, continually increasing demand for essential fatty acids, and rising government policies. In addition, accessibility of raw material and the shift in the usage of essential fatty acids are likely to impact the global market for essential fatty acids.
The shortage of essential fatty acids will result in a biological impact, which, in turn might restrict the development of this global market.
Global Essential Fatty Acids Market: Segmentation
The essential fatty acids market is fragmented based on source, product, form, and application. By source, the market for essential fatty acids is divided into plant, marine, and dairy products. The plant segment is further divided into flax seeds, chia seeds, others. The marine segment is further divided into krill oil, fish oil, and algal and fungus. By product, this market is classified into Omega-9, Omega-7, Omega-6, and Omega-3. The Omega-3 segment is further divided into EPA, DHA, and ALA. The Omega-3 segment is further bifurcated into ARA and LA. By form, this market is categorized into powder, syrup, oil, and others. By application, this market is fragmented into cosmetics, infant formula, dietary supplement, animal food and feed, pharmaceutical, and food and beverages.
Global Essential Fatty Acids Market: Regional Analysis
By geography, the global essential fatty acid market can fragmented into Asia Pacific, Europe, the Middle East and Africa, North America and Latin America. The Asia Pacific region is likely to account for the major consumer base of the essential fatty acid due to the increasing demand and popularity particularly from end-user sectors. Developing regions, such as India and China, are considered to be the major consumers of the essential fatty acids in this region. North America is likely to represent and hold the largest share and projected to dominate the global essential fatty acids market in the coming future. This development is due to the growing production of essential fatty acids in the region. Europe is anticipated to witness moderate development in this global market, owing to cost fluctuations and altering market trends.
Global Essential Fatty Acids Market: Competitive Players
Some of the most significant market players in the global essential fatty acids market are Koninklijke DSM, The Dow Chemical Company, FMC, Aker Biomarine, Golden Omega, Omega Protein, Enzymotec, Acasti Pharma, Maruha Nichiro Foods, Stepan, Croda International, TASA Omega, Nippon Suisan Kaisha, Sinomega Biotech Engineering, Polaris, Aurora Algae, BASF, GC Rieber Oils, and Solutex GC, among others.
Global Essential Fatty Acids Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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- Market share analysis
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- Emerging segments and regional markets
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