February 21, 2024
Polyunsaturated Fatty Acids Market

The Global Polyunsaturated Fatty Acids Market Is Driven By Growing Health And Wellness Trends

Polyunsaturated fatty acids are essential fatty acids that play an important role in physiological functions ranging from cell structure to hormone production. The two most important polyunsaturated fatty acids, omega-3 and omega-6, help support heart health, brain function, and joint comfort. They must be obtained through diet as the body cannot produce them on its own. Common sources of omega-3 fatty acids include fatty fish like salmon, trout, and tuna as well as flaxseeds and chia seeds. Omega-6 fatty acids are found in vegetable oils, nuts, and seeds.

The global polyunsaturated fatty acids market has seen rising demand as more consumers look to support their health and wellness with nutritious food options. Polyunsaturated fatty acids play a role in reducing inflammation throughout the body and may help lower risk of chronic diseases when consumed as part of a balanced diet. They have also been shown to benefit brain and eye health. With an aging global population and greater emphasis on preventative healthcare, the need for these essential fats is expected to continue growing in the coming years.

The global Polyunsaturated Fatty Acids Market is estimated to be valued at US$ 6.36 Bn  in 2023 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

Omega-3 supplements are gaining popularity as more research reveals their wide-ranging health impacts. Studies show omega-3s from sources like fish oil may relieve joint pain, boost mood, lessen depression symptoms, and even reduce risk of heart disease and Alzheimer’s. Supplements provide an easy way for consumers to ensure adequate intake. Rising chronic disease rates are also fueling preventative supplementation. Meanwhile, plant-based sources of omega-3 and omega-6 fatty acids are increasing as vegan and vegetarian diets grow in popularity globally. Algae, flax, chia, and walnut oils are emerging as top plant-based options for maintaining polyunsaturated fatty acid levels without relying on animal products. Sustainable, GMO-free purification processes allow for clean fatty acid extracts from these sources.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the polyunsaturated fatty acids market is moderate. Large capital requirements and stringent regulations add barriers for new players.
Bargaining power of buyers: The bargaining power of buyers in the polyunsaturated fatty acids market is high due to availability of substitutes. Buyers can negotiate on price and demand high quality products.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as suppliers have differentiation in production process and supply chain. Suppliers can influence prices to some extent.
Threat of new substitutes: Threat of substitutes is moderate as substitutes like monounsaturated fatty acids are available but lacks nutrition benefits of polyunsaturated fatty acids.
Competitive rivalry: The competitive rivalry in the polyunsaturated fatty acids market is high due to presence of many global and regional players differentiating based on production process.

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 2023 and is expected to exhibit a CAGR of 11%  over the forecast period 2023 to 2030.

Regional analysis focused on Asia Pacific region comprising fastest fastest-growing regional market for polyunsaturated fatty acids market led by China, India and other Southeast Asian countries.

Key players operating in the polyunsaturated fatty acids market are Advanced, Ariba, Inc. (SAP SE), Coupa Software Inc, GEP, Procurify, Sage Intacct, Inc. (The Sage Group PLC), Sievo, SutiSoft, Inc., TOUCHSTONE GROUP PLC, VA Tech Ventures Pvt Limited (Happay) and others. Key players are focused on expanding production capacities and entering new regional markets through mergers and acquisitions to leverage opportunities in the growing polyunsaturated fatty acids market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it