Fatty Acids Supplements Market

Fatty Acids Supplements Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Fatty Acids Supplements Market grew at a CAGR of 6.5% between 2017-2021 and is estimated to be US$ 4,274.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.4% and is expected to reach a valuation of US$ 8,728.5 Mn by 2032 end.

Fatty acid supplements have benefited from the rise in popularity of healthy lifestyles. Persistence Market Research analysts have closely examined the market to evaluate its growth and expectations for the near future.

Market Dynamic

INCREASING POPULARITY OF DIETARY SUPPLEMENTS AND OMEGA-3 FATTY ACIDS AID MARKET GROWTH

Omega-3 Supplements The market is expanding as nutritional supplements, and omega-3 fatty acids gain popularity. The prognosis for the business will be further improved by increased customer awareness of a healthy lifestyle and diet.

Omega-3 fatty acids, such as eicosapentaenoic acid (EPA), alpha-linolenic acid (ALA), and docosahexaenoic acid (DHA), are becoming more and more popular. These oils come from plants, including soybean, flaxseed, salmon, and canola. Several studies have also demonstrated the protective effects of consuming fatty fish and other seafood on heart health.

PROCESS-RELATED CHALLENGES IMPEDE MARKET GROWTH

The most important marine sources of the product are fish and krill. Over the past few years, the method for obtaining omega-3 from marine sources has changed. Producers encounter a few process-related difficulties that restrain the market’s expansion. Marine-derived omega-3 has a fishy taste and smell, which makes for a bad sensory experience. These fatty acids can alter the flavor balance of functional foods.

High processing temperatures may also have an impact on the product’s quality. Omega-3 fatty acids are obtained from marine sources by the extraction and purification of waste, and the contamination of the derived product may reduce its purity.

TECHNOLOGICAL ADVANCEMENTS TO SUPPORT MARKET GROWTH

The constant advancements in technology that boost the delivery and absorption of omega-3 fatty acids in the body are one of the main drivers of market expansion. Due to their bioavailability and variable absorption rate, the development of lipid-based supplements continues to be difficult. Numerous studies indicate that several factors may restrict the body’s ability to absorb omega fatty acids. The major market participants are pouring a lot of money into research and development to incorporate technology that will increase the body’s ability to absorb omega-3.

Covid-19 Impact

The global market has benefited from the COVID-19 epidemic. There have been claims of an enormous rise in demand for foods and dietary supplements containing omega fatty acids to improve health and immunity. The general recommendation from medical professionals worldwide to include immunity-boosting dietary supplements in daily living significantly influences how widely people utilize the product.

Companies in the sector have seen disruptions in their supply chains, mostly due to the current pandemic’s transit limitations and geometrically rising logistics and transportation costs. The slowdown in import and production of raw materials has disrupted the product’s manufacturing process.

Market Segments Covered in Report

By Source:

• Marine Oils
• Algal Oil
• Others (including Flaxseed)

By Application:

• Dietary Supplements
• Functional Food and Beverages
• Others (including Pharmaceuticals and Infant Formula)

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which source is estimated to account for the largest market share?

Marine Oils are estimated to account for the largest market share

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 42.1%, Asia Pacific is the fastest-growing region for fatty acid supplements, particularly omega-3. Omega-3, one of the essential components in infant formula, is anticipated to gain popularity in India and China, the countries with the highest birth rates.
• Another significant market is Europe, where sales are increasing due to consumer knowledge of the advantages of omega-3 fatty acids.

Competition Analysis

The global fatty acid supplements market is highly consolidated.

A list of some of the key suppliers present in the market are:

• Koninklijke DSM N.V
• Croda Health Care
• Copeinca AS.
• Omega Protein Corporation
• Axellus AS
• Arista Industries
• Dean Foods.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.