New York, NY, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Essential Fatty Acids Market By Form (Powder, Syrup, Oil, and Others), By Source (Plant, Marine, and Dairy), By Product (Omega-9, Omega-7, Omega-6, and Omega-3), and By Application (Cosmetics, Infant Formula, Dietary Supplements, Animal Food and Feed, Pharmaceuticals, and Food and Beverages): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global essential fatty acids market was USD 4.31 billion in 2018 and is expected to reach around USD 9.15 billion by 2026, growing at a CAGR of 9.8% between 2019 and 2026.
Fatty acids are essential for humans and animals for the proper functioning of their biological systems and are also referred to as essential fatty acids. However, these fatty acids cannot be synthesized on their own. It is important to have proper intake of these fatty acids for the normal functioning of one’s body.
Browse through 71 Tables & 37 Figures spread over 110 Pages and in-depth TOC on “Global Essential Fatty Acids Market Size, Applications, and Forecast, 2018–2026”.
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The global essential fatty acids market is expected to show significant growth over the forecast time period, owing to the rising awareness among the consumers about various beneficial food products due to the increase in the number of chronic disorders. Moreover, the growing demand for these acids in food and beverage and pharmaceutical industries is also expected to drive this market. However, the presence of cheap substitutes in some regions may limit this market over the forecast timeline.
The essential fatty acids market is fragmented on the basis of form, source, product, and application. On the basis of form, the market includes powder, oil, syrup, and others. Fish oils have gained much popularity in recent years, as they are rich in omega-3 that has many advantages, such as it helps in reducing blood pressure, supports eye-health, improves skin, and aids weight loss. Syrups are showing significant market growth, due to their easy availability and cost-friendliness.
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According to the source, the essential fatty acids market is divided into marine (krill oil, algae, fungus, and fish oil), dairy, and plant (chia seeds, flax seeds, and others). Plant and dairy segments are expected to show substantial growth, due to people are shifting from non-vegetarian to vegetarian cuisines. Alternatively, the marine segment is expected to dominate the market, due to a large population base preferring non-vegetarian food.
By product, the market comprises omega-3, omega-6, omega-7, and omega-9. Omega-3 and Omega-6 dominate the market, as these are most important fatty acids for the human body and their deficiency can lead to several disorders related to kidney, liver, immune system, and skin. However, their excess intake is also prohibited, as it can cause hormonal imbalance and tissue malfunctioning.
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By application, the market includes cosmetics, pharmaceuticals, infant formula, dietary supplements, food and beverages, and animal food and feed. The cosmetic industry is expected to witness significant growth, as these acids are good for skin and hair. Moreover, increasing awareness about the various health benefits of these fatty acids has led to their consumption in the form of dietary supplements.
North America is expected to dominate the essential fatty acids market globally over the forecast time period, due to increasing regional production of fatty acids, the high regional literacy rate is responsible for growing consumer awareness regarding the various health beneficial food products. The U.S. is the key player in the region, due to a high number of fitness-conscious populations in the country, which is expected to further drive this regional market.
Browse the full “Essential Fatty Acids Market By Form (Powder, Syrup, Oil, and Others), By Source (Plant, Marine, and Dairy), By Product (Omega-9, Omega-7, Omega-6, and Omega-3), and By Application (Cosmetics, Infant Formula, Dietary Supplements, Animal Food and Feed, Pharmaceuticals, and Food and Beverages): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/essential-fatty-acids-market
Europe is expected to show significant growth in the upcoming years, owing to the region’s flourishing cosmetic and pharmaceutical industries. The regional consumers are consuming these fatty acids in the form of capsules, oils, and even in the form of sea-food due to their various health benefits. The UK, France, and Germany are the main players in this regional market.
The Asia Pacific essential fatty acids market will grow significantly in the upcoming years, owing to the changing lifestyle of the consumers rising health-conscious of the regional population. India and China are the key regional players. In India, a large population is vegetarian that is helping the plant and dairy segments to boom. Moreover, the increasing number of health disorders due to lack of these fatty acids in diet will create huge demand for these acids in the future.
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Latin America is expected to show moderate growth over the forecast time period, owing to the high demand for encapsulated fish oils in Brazil. These oils help in the reduction of heart diseases due to their high content of polyunsaturated. Moreover, the growing health-conscious population is also fuelling this regional market.
The Middle East and Africa will show sustainable growth over the forecast timeframe, owing to the high income of the majority of the population in GCC countries and consumers’ readiness to try out more expensive and healthier products. Moreover, the increasing application of these fatty acids in the cosmetic industry is also supporting the market in the region.
Some key players of the essential fatty acids market are The Dow Chemical, FMC, Koninklijke DSM, Aker Biomarine, Omega Protein, Stepan, Golden Omega, Enzymotec, AcastiPharma, Maruha Nichiro Foods, and Croda International.
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This report segments the global essential fatty acids market into:
Global Essential Fatty Acids Market: Form Analysis
- Powder
- Syrup
- Oil
- Others
Global Essential Fatty Acids Market: Source Analysis
- Plant
- Marine
- Dairy
Global Essential Fatty Acids Market: Product Analysis
- Omega-9
- Omega-7
- Omega-6
- Omega-3
Global Essential Fatty Acids Market: Application Analysis
- Cosmetics
- Infant Formula
- Dietary Supplements
- Animal Food and Feed
- Pharmaceuticals
- Food and Beverages
Global Essential Fatty Acids Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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