Essential Fatty Acids Market Size, Share, Trends, Growth 2032

Essential Fatty Acids Industry Prospective:

The global essential fatty acids market size was worth around USD 5.34 billion in 2023 and is predicted to grow to around USD 12.60 billion by 2032 with a compound annual growth rate (CAGR) of roughly 10% between 2024 and 2032.

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The study includes drivers and restraints of the essential fatty acids market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the essential fatty acids market on a global level.

Essential Fatty Acids Market: Growth Drivers

Fatty acids are essential for humans and animals for the proper functioning of their biological systems and are also referred to as essential fatty acids. However, these fatty acids cannot be synthesized on their own. It is important to have proper intake of these fatty acids for the normal functioning of one’s body.

The global essential fatty acids market is expected to show significant growth over the forecast time period, owing to the rising awareness among the consumers about various beneficial food products due to the increase in the number of chronic disorders.

Moreover, the growing demand for these acids in food and beverage and pharmaceutical industries is also expected to drive this market. However, the presence of cheap substitutes in some regions may limit this market over the forecast timeline. Technological advancements and rising focus on product development techniques are expected to generate substantial growth opportunities in the market.

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In order to give a comprehensive view of the essential fatty acids market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Essential Fatty Acids Market: Segmentation

The essential fatty acids market is fragmented on the basis of form, source, product, and application.

On the basis of form, the market includes powder, oil, syrup, and others. The powder segment is expected to witness rapid growth in the years ahead, as this form is more convenient for intake in the form of capsules.

According to source, the essential fatty acids market is divided into marine (krill oil, algae, fungus, and fish oil), dairy, and plant (chia seeds, flax seeds, and others). The marine segment is expected to dominate the market, due to a large population base preferring non-vegetarian food.

By product, the market comprises omega-3, omega-6, omega-7, and omega-9. Omega-3 and Omega-6 dominate the market, as these are most important fatty acids for the human body and their deficiency can lead to several disorders related to kidney, liver, immune system, and skin. However, their excess intake is also prohibited, as it can cause hormonal imbalance and tissue malfunctioning.

By application, the market includes cosmetics, pharmaceuticals, infant formula, dietary supplements, food and beverages, and animal food and feed. The cosmetic industry is expected to witness significant growth, as these acids are good for skin and hair. Moreover, increasing awareness about the various health benefits of these fatty acids has led to their consumption in the form of dietary supplements.

Essential Fatty Acids Market: Report Scope

Essential Fatty Acids Market: Regional Analysis

The regional segment includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is expected to dominate the essential fatty acids market globally over the forecast time period, due to increasing modernization and urbanization in the region. The Asia Pacific will grow significantly in the upcoming years, owing to the changing lifestyle of the consumers rising health-conscious of the regional population.

Essential Fatty Acids Market: Competitive Analysis

The global essential fatty acids market is led by players like:

• Koninklijke DSM
• The Dow Chemical
• FMC
• Aker Biomarine
• Golden Omega
• Omega Protein
• Enzymotec
• AcastiPharma
• Maruha Nichiro Foods
• Stepan
• Croda International

This report segments the global essential fatty acids market into:

Global Essential Fatty Acids Market: Form Analysis

• Powder
• Syrup
• Oil
• Others

Global Essential Fatty Acids Market: Source Analysis

• Plant
• Marine
• Dairy

Global Essential Fatty Acids Market: Product Analysis

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

Global Essential Fatty Acids Market: Application Analysis

• Cosmetics
• Infant Formula
• Dietary Supplements
• Animal Food and Feed
• Pharmaceuticals
• Food and Beverages

Global Essential Fatty Acids Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa