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.