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Essential Fatty Acids Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: August 2024 || SKU: FB6505
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Global Essential Fatty Acids Market is Segmented By Product Type (Omega 3, Omega 6, Omega 7, Omega 9), By Form (Powder, Syrup, Oil, Others), By Source (Vegetable Oils, Meat, Fish, Seeds, Nuts, Others), By Application (Nutraceuticals, Infant Formula, Pharmaceuticals, Cosmetics, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Essential Fatty Acids Market Size

The Global Essential Fatty Acids Market reached US$ 4.6 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 8.5 billion by 2030. The market is growing at a CAGR of 8.1% during the forecast period 2024-2031. Omega-3 fatty acids, especially those derived from fish oil, continue to dominate the essential fatty acids market.

The demand for Omega-3 is driven by its recognized health benefits, including cardiovascular health, brain function, and anti-inflammatory properties. Consumers are becoming more aware of the importance of Omega-3 in their diets, leading to increased product adoption. Plant-based EFAs, such as those derived from flaxseed oil, chia seeds, and algae, are witnessing a surge in popularity. This trend is driven by the rising demand for vegetarian and vegan products, as well as concerns about sustainability and environmental impact. Plant-based EFAs offer alternatives for individuals who prefer non-animal sources of essential fatty acids.

 

Essential Fatty Acids Market Summary

Metrics

Details

Market CAGR

8.1%

Segments Covered

By Product Type, By Form, By Source, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Essential Fatty Acids Market Dynamics and Trends

Rising Awareness of the Health Benefits of EFAs is Driving the Essential Fatty Acids Market Growth

The rising awareness of the health benefits of Essential Fatty Acids (EFAs) is driving the growth of the essential fatty acids market. EFAs, such as Omega-3 and Omega-6 fatty acids, have been extensively linked to various health benefits. They play crucial roles in brain development, cardiovascular health, immune function, and inflammation regulation.

According to WHO, the majority of NCD deaths, or 17.9 million per year, are caused by cardiovascular illnesses, followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million, including kidney disease deaths brought on by diabetes). EFAs have been associated with reducing the risk of chronic diseases such as cardiovascular disease, arthritis, diabetes, and certain types of cancer. As consumers become more health-conscious and seek preventive measures, the demand for EFAs as part of a balanced diet or supplement regimen has increased.

Increasing Nutritional Deficiencies Driving the Essential Fatty Acids Market Growth

Many modern dietary patterns involve consuming a large amount of processed and convenience foods, which often lack the necessary nutrients like EFAs. These dietary choices along with a decreased intake of nutrient-rich foods contribute to nutritional deficiencies. As individuals become aware of the gaps in their diet. They seek ways to supplement their nutrition by turning to EFAs. 

Certain health conditions and medical interventions can increase the risk of nutritional deficiencies, including EFAs. For instance. Individuals with malabsorption problems, gastrointestinal disorders, or those undergoing weight loss surgeries may struggle to absorb and utilize EFAs from their diet. In such cases. Healthcare professionals may recommend EFA supplementation to address the deficiency.

The High Cost of Production Can Restrain the Essential Fatty Acids Market Growth

The production of EFAs, especially concentrated and high-quality forms, often involves complex extraction, purification, and encapsulation processes. These processes can be costly due to the sophisticated equipment, quality control measures, and skilled labour required. The expenses associated with manufacturing can contribute to higher product costs, making EFAs less accessible to price-sensitive consumers. 

Some sources of EFAs, such as fish oil derived from certain species of fish, may be subject to sourcing challenges and sustainability concerns. Overfishing, limited availability of specific fish species, and environmental regulations can impact the availability and cost of raw materials. This can increase the production costs of EFAs, further affecting their market pricing and accessibility. Segment Analysis

The global essential fatty acids market is segmented based on product type,  form, source, application, and region.

The Health Benefits Offered by Omega 3 Boosts the Segment Growth

Depending upon the form, the essential fatty acids market is divided into Omega 3, Omega 6, Omega 7, and Omega 9.

In 2022, Omega 3 had the highest share in the essential fatty acids market. Omega 3 fatty acids, such as Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid(DHA), have been extensively proven to offer a plethora of health benefits. These benefits include supporting cardiovascular health, reducing inflammation, promoting brain function and development, aiding in eye health, and contributing to overall well-being. For healthy adults. It is recommended to consume at least 250-500 mg of combined EPA and DHA daily. 

There are various sources from which omega-3 fatty acids can be obtained. These include fatty fish (such as salmon, mackerel, and sardines) krill oil, algae, and certain plant-based sources like flaxseed and chia seeds. The availability of these diverse sources allows consumers to select the most suitable form of omega-3 supplementation based on their dietary preferences and restrictions. 

Essential Fatty Acids Market Geographical Share

Consumer Awareness and Health Consciousness in North America Region 

In 2022, the North American region had the highest share of the essential fatty acids market. According to Food Insight, compared to the previous year, or 39% in 2021, 52% of Americans in 2022 report having followed a diet or eating pattern. North America, particularly the United States, has a strong culture of health and wellness, with a high level of consumer awareness about the importance of essential nutrients and their impact on overall health. Consumers in North America actively seek out dietary supplements and functional foods to support their well-being, including EFAs.

There has been a growing trend in North America towards natural and nutritional products, driven by consumer preferences for clean labels, transparency, and sustainable sourcing. EFAs derived from natural sources, such as fish oil or algae, align with these preferences and have gained popularity among health-conscious consumers in the region. Hence key players in that region are offering a variety of fatty acids products. Some of the major key players of essential fatty acids in that region are Nordic Naturals, Nature's Bounty, NOW Foods, Nutiva, Jarrow Formulas, etc.

Essential Fatty Acids Market Companies

The major global players include Kemin Industries, Inc, KD Pharma Group, SEPPIC, Aker BioMarine AS, Koninklijke DSM NV, Croda International Plc, The Dow Chemical Company, Arbee Agencies, Arjuna Natural LLC, Arctic Nutrition.

COVID-19 Impact on Essential Fatty Acids Market

COVID-19 Impact 

The pandemic has also led to changes in consumer behavior and priorities. As people prioritize their health and well-being during this time. There has been a noticeable increase in the demand for dietary supplements such as EFAs. This shift in consumer mindset is driven by a desire to support their immune system and overall health. 

However, the pandemic caused significant disruptions in the global supply chain. Affecting the production and distribution of EFAs. Movement restrictions, lockdown measures, and reduced workforce in manufacturing facilities all contributed to delays in the availability and timely delivery of EFAs to the market. These challenges have resulted in potential shortages within the supply chain. In addition 

By Product Type

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

By Form

  • Powder
  • Syrup
  • Oil
  • Others

By Source

  • Vegetable Oils
  • Meat
  • Fish
  • Seeds
  • Nuts
  • Others

By Application

  • Nutraceuticals
  • Infant Formula
  • Pharmaceuticals
  • Cosmetics
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Middle East and Africa

Key Developments

  • In March 2023, M&M Labs, a physician-driven nutraceutical company, and Lyxia Corporation, a biotechnology company, introduced new Vegan Algal Omega-3 Supplements.
  • In February 2023, Grontvedt Biotech, a Norwegian Biotech company, introduced CETO3 for its cetoleic acid and omega-3 ingredients. 
  • In October 2021, Anpario, a feed additive producer, introduced a microalgae-derived omega-3 fatty acid supplement.

Why Purchase the Report?

  • To visualize the global essential fatty acids market segmentation based on product type, form, source, application, and region understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development. 
  • Excel data sheet with numerous essential fatty acids market-level data points all for segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The Global Essential Fatty Acids Extract Market Report Would Provide Approximately 69 Tables, 74 Figures And 102 Pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
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FAQ’s

  • Global Essential Fatty Acids Market reached US$ 4.6 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 8.5 billion by 2030

  • Major players are Kemin Industries, Inc, KD Pharma Group, SEPPIC, Aker BioMarine AS, Koninklijke DSM NV, Croda International Plc, The Dow Chemical Company, Arbee Agencies, Arjuna Natural LLC and Arctic Nutrition.
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