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Global Fatty Acid Supplement Market Forecast & Opportunities, 2020

Global Fatty Acid Supplement Market Forecast & Opportunities, 2020
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Fatty acid is a carboxylic acid containing a long aliphatic chain, which may either be saturated or unsaturated. The usage of Omega-3 fatty acids has been found to be useful for the treatment of heart diseases as well as in the treatment of hair and eye diseases. Rising health awareness coupled with medicinal benefits is expected to drive the demand for fatty acids supplement market globally. Technological advancements, including oxidation control, could be incorporated into omega-3 products to improve the taste, smell and quality of the food. Improved taste of supplements is expected to further improve the demand for fatty acids in supplements.

Fatty Acid Supplements Market: Drivers and Restraints

Globally, the market for fatty acid supplements is expected to witness significant growth on the back of increasing demand from across various age groups. Increasing demand from the elderly population, growing use in infant formula along with gravitation towards a healthy lifestyle. Additionally, rising awareness about the benefits of healthy lifestyle is expected to improve the demand for fatty acid supplements.

Omega-3 fatty acids, which comprise of eicosapentaenoic acid (EPA), alphalinolenic acid (ALA) and docosahexaenoic acid (DHA) enable the functioning of metabolic activities of the body. Since, the human body is incapable of producing these acids, the demand for fatty acid supplements is projected to grow steadily. Intake of Omega-3 EPA/DHA is helpful in reducing the risk of blood pressure disorders and heart diseases. Infant formula is the primary end user industry for omega-3 owing to its use in developing cognitive abilities in infants, as a result of which, the demand for this segment has witnessed the fastest growth in the last few years. In order to capitalize on the growing market for infant formulations, major players in the global market, including Abbott Laboratories and Nestle S.A have expanded the product portfolio in this segment.

Low awareness level regarding the benefits of fatty acid supplements is restraining the growth of the global market.

Fatty Acid Supplement Market: Segmentation

The global Fatty Acid Supplement market is classified on the basis of application, source, and region.

Based on application, the global fatty acid supplement market is segmented into the following:

  •          Dietary Supplements
  •          Infant Formula
  •          Pharmaceuticals
  •          Functional Food & Beverages

Based on sources, the global fatty acid supplement market is segmented into the following:

  •          Marine Oil
  •          Algal Oil
  •          Flaxseed

Fatty Acid Supplement Market: Overview

Rising aging population in conjunction with technological advancement is catalyzing the demand for fatty acid supplements across the globe. Aging population requires food containing the right combination of essential nutrients. The focus on eating healthy food has increased the demand for omega-3 fatty acids. This in turn driving the growth of fatty acid supplements market. Increasing age of baby boomers results in increasing expenditure on dietary supplements which is reflecting a strong growth sign for fatty acid supplement manufacturers. Advancement in the technology has made it possible for fatty acid supplement manufacturers to incorporate originally unpalatable marine oils in food and beverages industry. Foul odor of final Essential Fatty Acids (EFA) has reduced with new production technology, making it more palatable and increasing the overall shelf life of the products.

Fatty Acid Supplement Market: Region-wise Outlook

At present, North America controls the largest share in the global fatty acids supplements market. Europe and Asia-Pacific region govern the second largest and third largest market share, respectively. The demand for fatty acids in North America and Europe is expected to witness promising growth over the next few years on the back of growing technological advancements in omega-3, omega-6, and omega-9 products which would create increased demand from the pharmaceuticals, foods and beverage industry. However, Asia-Pacific is projected to exhibit the fastest growth in the demand for fatty acids supplements globally.

Fatty Acid Supplements Market: Key Players

Key players in the global Fatty Acid Supplements market include Epax AS, Arista Industries, Inc, Omega Protein Corporation, Axellus AS, Copeinca AS, Croda Health Care and Koninklijke DSM N.V

The report covers exhaustive analysis on:

  •          Market Size
  •         Supply & Demand
  •          Market Segments
  •         Technological Advancement
  •          Value Chain
  •          Market Dynamics (Market Drivers, Challenges & their Impact Analysis)
  •          Market Trends
  •          Opportunities & White Market Space
  •          Competition & Companies involved

Regional analysis includes

  •          North America (U.S., Canada, Mexico)
  •          South & Central America (Brazil, Argentina)
  •          Western Europe (Germany, Italy, France, U.K, Spain)
  •         Eastern Europe (Russia)
  •          Asia Pacific (China, India, Japan, South Korea)
  •          Middle East and Africa (GCC, S. Africa)

“Global Fatty Acid Supplements Market Forecast & Opportunities, 2020” has analyzed the potential of the global fatty acid market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.

Report Highlights:

  •          Global Fatty Acid Supplements Market Size, Share & Forecast
  •          Segmental Analysis – By Application, Source, Region & Company
  •          Market Dynamics
  •          Changing Market Trends & Emerging Opportunities
  •          Competitive Landscape & Strategic Recommendations 

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