According to a newly published report by Research Nester on “Fatty Acids Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the Fatty Acids Market in terms of market segmentation by product, by application, by source, by form and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The Fatty Acids Market is segmented by product, application, source, form and regions. Based on product the market is segmented into omega-3, omega-6, omega-7 and omega-9. On the basis of application, the market is segmented into dietary supplement, infant formula, pharmaceutical, food & beverages, animal feed, cosmetics and others. On the basis of source, the market is segmented into marine, nut & seeds, vegetable oil and soy & soy products. Further, on the basis of form the market is segmented into oil, syrup, powder and others. The Global Fatty Acids market is anticipated to record a CAGR of around 6% over the forecast period i.e. 2019-2027. The market is segmented by product, application, source & form, out of which, the application segment is anticipated to have significant growth on account of increasing demand for fatty acids for different purposes such as nutrition, cosmetics, pharmaceutical etc.
Increasing demand for fatty acids in health care products
Some of the vital fatty acids such as omega-3 and omega-6 are crucial for the development, functioning and maintenance of the brain and other nervous tissues, for vision processes, for the improvement of immune and inflammatory responses, for maintaining the concentrations of triglycerides, helps in lowering the risk of heart diseases and maintaining the normal blood pressure. Increasing demand of fatty acids in health care products is expected to boost the market growth.
Increasing demand of Fatty acids in personal and home care products
Further, fatty acids are used in production of various personal and home care products such as soaps, detergents, paints, insecticides, plastic etc. Increasing demand for personal and home care products is expected to boost the market growth.
Government policies to encourage production of fatty acids
Government in various countries are introducing new policies to encourage the production of essential fatty acids and uplifting the fatty acids market which is expected to boost the market growth.
Asia-Pacific is expected to lead the fatty acids market on the back of increasing demand for fatty acids which is widely driven by its increasing applications in industries such as cosmetics & personal care, detergents & soaps, oilfield and lubricants etc. North America is expected to have leading market share on the back of increasing production of fatty acids. Europe is expected to witness significant growth on the back of price fluctuations and changing market trends.
However, biological effects due to deficiency of fatty acids are expected to operate as a key restraint towards the growth of fatty acids market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Fatty Acids Market which includes company profiling of FMC Corporation, The Dow Chemical Company, Omega Protein Corporation and Polaris Nutritional Lipids. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Fatty Acids Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.