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  • Published On : Oct 2022
  • Code : CMI3986
  • Industry : Food Ingredients
  • Pages : 130
  • Formats :

Polyunsaturated fatty acids are compounds that have more than one unsaturated carbon bond. They are important fats which cannot be produced by the human body hence it is required to consume through food as it improves the overall metabolic process. They have beneficial effects on the cardiovascular system and also helps to enhance the cognitive functions.

Global intelligent pigging market was valued at US$ 5459.00 Million in 2021 in terms of revenue, exhibiting a CAGR of  8.02% during the forecast period (2022 to 2030).

Drivers

Growing prevalence of cardiovascular disease along with the rising awareness regarding the PUFAs for treating chronic disease is primarily fueling the market growth. According to the U.S. Department of Health & Human Services, about 647,000 Americans die from heart disease each year that is 1 in every 4 deaths. Therefore, the growing prevalence of the cardiovascular disease is projected to foster the market growth of polyunsaturated fatty acids.

The COVID-19 pandemic has positively affected the global market. There have been reports of a huge increase in demand for omega fatty acids foods and dietary supplements to enhance health and immunity. The circulation of suggestions from doctors all over the globe to incorporate immunity-boosting dietary supplements in daily life is seen a disturbance in their supply chain mainly due to the transportation restrictions and exponentially spiked logistics product has impacted the manufacturing process of the products.

Moreover, initial lockdowns and their continuation have caused labor shortages across some manufacturing facilities. Product safety, product detail transparency, and hygiene concerns are anticipated to remain a prominent aspect material sourcing, product manufacturing and packaging, market players can improve their market value and prominence and increase their sales.

Figure 1. Global Polyunsaturated Fatty Acids Market Value Share (%), By  Region, 2021

Polyunsaturated Fatty Acid  | Coherent Market Insights

Market Restraints

Lack of awareness regarding the health benefits associated with consumption of PUFAs owing to a few marketing and promotional activities in rural areas is expected to hinder the market growth of polyunsaturated fatty acids. For instance, in February 2020, Wiley Companies a producer of AlaskOmega® omega-3 fish oil concentrates and natural fish oils announced that it has launched an MSC-certified omega-3 concentrate powder for use in food, beverage, and dietary supplement formulations.

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Polyunsaturated Fatty Acid Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 5459.00 Mn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 8.02% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Product Type: Omega-3 Fatty Acids, and Omega-6 Fatty Acids
  • By Source: Marine and Plant
  • By Form: Oil, Syrup, Softgel & Capsule, and Other
  • By Application: Dietary Supplement, Infant Formula, Pharmaceuticals, Food & Beverage, and Animal Food & Feed
Companies covered:

Koninklijke DSM N.V,  BASF SE,  Croda International PLC,  Enzymotec Ltd.,  Omega Protein Corporation,  Aker BioMarine AS,  Polaris Nutritional Lipids,  FMC Corporation , Cargill,  Incorporated  , GlaxoSmithKline plc.

Growth Drivers:
  • Growing prevalence of cardiovascular disease along with the rising awareness regarding the PUFAs for treating chronic disease
  • Increasing use of PUFAs in place of saturated fat in dietary supplements and functional foods
Restraints & Challenges:
  • Lack of awareness regarding the health benefits associated with consumption of PUFAs.

Market Trends

Manufacturer are introducing products such as soft gels, oils, and capsules that contain docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA) is a major trend in the market. For instance, in February 2020, Wiley Companies a producer of AlaskOmega omega-3 fish oil concentrates and natural fish oils announced that it launched an MSC-certified omega-3 concentrate powder for use in food, beverage, and dietary supplement formulations.

Increasing consumption of super-fortified food across developed countries is a major trend in the market. This trend is expected to foster the market growth of polyunsaturated fatty acids. The growing health wellness trend is leading to the rapid adoption of a healthy lifestyle among consumers which is also projected to augment the market growth. Moreover, a growing number of consumers participating in various sports and other physical activities is further expected to stimulate the market growth of polyunsaturated fatty acids over the foreseeable time period.

Figure 2. Global Polyunsaturated Fatty Acids (PUFAs) Market Value Share (%), By Application, 2021

Polyunsaturated Fatty Acid  | Coherent Market Insights

On the basis of application in 2027, the dietary supplement segment has accounted the largest market share of 47.4% in terms of value, followed by infant formula and food & beverage segment respectively.

Recent Developments

  • In July 2019, Royal DSM, a global science-based company in Nutrition, Health, and Sustainable Living, together with Evonik celebrated the grand opening of their Veramaris 50-50 joint venture's commercial-scale US$ 200 million production facility located in Blair, Neb. (U.S.).
  • In November 2021, Aker BioMarine ASA partnered with Gambol Pet Food Group of China to expand its business in the Chinese pet food market, followed by more hiring in China.

In December 2020, VivoMega announced a partnership with Bioscope Viet Nam, aiming to target the Vietnamese market of omega-3 fatty acids.

Competitive Section

Major players operating in the global Polyunsaturated Fatty Acids (PUFAs) market include Koninklijke DSM N.V, BASF SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, FMC Corporation, Cargill, Incorporated, GlaxoSmithKline plc.

Polyunsaturated fatty acids (PUFAs) have more than one carbon bond in the molecule. Omega-3 fatty acids and omega-3 fatty acids are polyunsaturated fatty acids. These fats are essential for improving the metabolic functions of the human body. They are widely used across pharmaceuticals, infant formula, food and beverages, dietary supplement, and animal food &feed.

Global polyunsaturated fatty acids (PUFAs) market is estimated to account for around US$  5459.00 million in terms of value in the year 2021 and it predicted to grow at a CAGR of 8.02% during the forecast period (2022-2030)

Market Dynamics

Increasing use of PUFAs in place of saturated fat in dietary supplements and functional foods are expected to drive the market growth. Growing demand for omega-3 and omega-6 fatty acids among consumers is also supporting the market growth of polyunsaturated fatty acids. Moreover, the growing use of PUFAs in pharmaceutical and aquaculture industries is further expected to spur the market growth of the polyunsaturated fatty acids over the forecast timeframe.

Partnership and agreements among major players is a current trend in the market and this trend is expected to foster market growth. For instance, in February 2020, GC Rieber Oils (Kristiansund, Norway), a producer of marine-based omega-3 concentrates, has partnered with Barrington Nutritionals to distribute its VivoMega omega-3 fish oils to the United States and Mexico. Such partnerships and agreements are expected to spur the market growth over the forecast timeframe.

Key features of the study:

  • This report provides an in-depth analysis of the global polyunsaturated fatty acids (PUFAs) market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on polyunsaturated fatty acids (PUFAs) market.
  • It profiles key players in the global polyunsaturated fatty acids (PUFAs) market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Koninklijke DSM N.V., BASF SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, FMC Corporation, Cargill, Incorporate, and GlaxoSmithKline plc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global polyunsaturated fatty acids (PUFAs) market report caters to various stakeholders in this industry including investors, suppliers, polyunsaturated fatty acids (PUFAs) manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polyunsaturated fatty acids (PUFAs) market

Detailed Segmentation:

  • Global Polyunsaturated Fatty Acid Market By Product Type
    • Omega-3 Fatty Acids
    • Alpha-Linolenic Acid (ALA)
    • Docosahexaenoic Acid (DHA)
    • Eicosapentaenoic Acid (EPA)
    • Omega-6 Fatty Acids
    • Linolenic Acid (LA)
    • Arachidonic Acid (AA)
  • Global Polyunsaturated Fatty Acid Market By Source
    • Marine
    • Algal and Fungus Oil
    • Fish Oil
    • Krill Oil
    • Plant
    • Chia Seed Oil
    • Flax Seed Oil
  • Global Polyunsaturated Fatty Acid Market By Form
    • Oil
    • Syrup
    • Softgel and Capsule
    • Other
  • Global Polyunsaturated Fatty Acid Market By Application
    • Dietary Supplement
    • Infant Formula
    • Pharmaceuticals
    • Food and Beverages
    • Animal Food and Feed
  • Global Polyunsaturated Fatty Acid Market By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East
    • Africa
  • Company Profiles
    • Koninklijke DSM N.V.
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BASF SE,
    • Croda International PLC,
    • Enzymotec Ltd.,
    • Omega Protein Corporation,
    • Aker BioMarine AS,
    • Polaris Nutritional Lipids,
    • FMC Corporation,
    • Cargill, Incorporate,
    • GlaxoSmithKline plc.

Frequently Asked Questions

Global polyunsaturated fatty acids (PUFAs) market was valued at around US$ 5459.00 Million in 2021.
Factors such as surge in cardiovascular diseases, rising awareness about the health benefits of PUFAs, and increasing consumption of products with omega-3 fatty acids are driving growth in the market.
Lack of awareness regarding the health benefits associated with consumption of PUFAs owing to a few marketing and promotional activities in rural areas is expected to hinder the market. 
Major players operating in the Market include LIN SCAN, T.D. Williamson, Inc., Baker Hughes Incorporated, GE Oil and Gas, NDT Global, Enduro Pipeline Services, Inc., Oil & Gas Explorers and Producers, Petrobras, OMV Group, ConocoPhillips, and Royal Dutch Shell PLC
The market is estimated to grow at around 8.02% CAGR in the forecast period (2022-2030).

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