Fatty Acids Market Segmentation By Product (Omega-3, Omega-6, Omega-7 & Omega-9); By Application (Dietary Supplement, Infant Formula, Pharmaceutical, Food & Beverages, Animal Feed, Cosmetics & Others); By Source (Marine, Nut & Seed, Vegetable Oil & Soy & Soy Products); By Form (Oil, Syrup, Powder & Others) – Global Demand Analysis & Opportunity Outlook 2027
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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
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.
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
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.
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 in the cosmetics industry for fatty acids is expected to boost the growth of the fatty acids market.
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.
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.
Our in-depth analysis of the fatty acids market includes the following segments:
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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