by Polyunsaturated fatty acids (PUFAs) are unsaturated fatty acids that are essential for human health but cannot be synthesized in the body. PUFAs play an important role in brain function, normal growth and development. Increasing consumer awareness about health benefits of PUFAs such as omega-3 and omega-6 fatty acids in maintaining cardiovascular health, brain health and cognitive development is a key driver for the growth of polyunsaturated fatty acids market.
The global Polyunsaturated Fatty Acids Market is estimated to be valued at US$ 6.36 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The increasing consumer preference for healthy and nutritious food products fortified with omega-3 and omega-6 fatty acids is a major trend witnessed in the polyunsaturated fatty acids market. Growing health consciousness among individuals has increased the demand for food products containing PUFAs to promote cognitive development and cardiovascular health. Leading food and beverage manufacturers are focusing on developing new formulations of food products fortified with PUFAs to cater to consumer demand. Growing usage of PUFAs as a dietary supplement in tablet, capsule and liquid form is another emerging trend in the market.
SWOT Analysis
Strength: Polyunsaturated Fatty Acids are considered essential for human health and have various health benefits like reducing the risk of cardiovascular diseases. They play a crucial role in brain and eye health.
Weakness: The food sources of PUFAs are limited. They are sensitive to heat and light which decreases their stability during processing and storage.
Opportunity: Increasing health concerns and shifting dietary preferences towards consumption of nutritional and functional foods provide growth opportunities.
Threats: Stringent regulations regarding GMO foods and environmental pollutants can hamper market growth. Fluctuations in production of oilseeds impact raw material supply.
Key Takeaways
The global Polyunsaturated Fatty Acids Market Size is expected to witness high growth. The global Polyunsaturated Fatty Acids Market is estimated to be valued at US$ 6.36 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.
The global polyunsaturated fatty acids market is expected to witness high growth over the forecast period of 2023 to 2030. North America is currently the largest and fastest growing regional market. Easy availability of raw materials like soybean and canola oil and growing demand for omega-3 and omega-6 fatty acids from the food industry are driving market growth. Asia Pacific is expected to emerge as a prominent region due to rising health awareness, growing middle-class population and rapid urbanization in major countries like China and India.
Key players operating in the polyunsaturated fatty acids market are Advanced Organic Materials, BASF SE, Cargill, Chr. Hansen Holdings A/S, Croda International plc, DSM, Epax, Golden Omega, GC Rieber, Lonza, Ocean Nutrition Canada Limited and Others. Key players are focusing on new product launches, expansion of production facilities and collaborations to gain a competitive edge in the market. For instance, Croda International acquired a fish oil supplier Alyvia in 2021 to expand its omega-3 ingredient capabilities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
