Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Introduction to Fatty Acids
Fatty acids are the long hydrocarbon chains present in triglycerides and phospholipids. Fatty acids can be categorized as saturated, monounsaturated and poly-unsaturated fatty acids. These acids are linear in structure and do not possess double bonds and are known as saturated fatty acids. The fatty acids which have single double bonds are called monounsaturated and fatty acids which have multiple double bonds are called poly- unsaturated.
Essential fatty acids cannot be produced within the human body and are to be obtained from external sources such as vegetable oils, plants, nuts & seeds, animal fats and other sources. Essential 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, aids in lowering the risk of heart diseases and maintain normal blood pressure. Fatty acids are important dietary sources of fuel for animals also as many cell tissues can use either glucose or fatty acids for their purpose of metabolism.
Market size and Forecast
Increasing demand for fatty acids in health care products is expected to boost the market growth. 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 is 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.
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.CLICK TO DOWNLOAD FREE SAMPLE
Growth Drivers
Rise in awareness and the demand of consumers regarding healthy eating and health benefits of essential fatty acids
As mentioned above, 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, aids in lowering the risk of heart diseases and maintaining the normal blood pressure. Increasing demand for fatty acids in health care products is expected to boost the market growth.
Growing demand for personal and home care products
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.
Increasing demand from cosmetics industry
Increasing demand in the cosmetics industry for fatty acids is expected to boost the growth of the fatty acids market.
Increasing government policies to encourage production of essential fatty acids
Government is introducing new policies to encourage the production of essential fatty acids and uplift the fatty acids market which is expected to boost the market growth.
Restraints
Biological effects due to deficiency of fatty acids
Biological effects such as blood pressure, stroke, coronary artery disease and inflammation may occur due to deficiency of fatty acids which may hamper the market growth during the forecast period.
Segmentation
Our in-depth analysis of the fatty acids market includes the following segments:
By Product
By Application
By Source
By Form
By Region
On the basis of regional analysis, the fatty acids market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
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.
The global fatty acids market is further classified on the basis of region as follows:
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