The global polyunsaturated fatty acids Market includes omega-3 and omega-6 fatty acids that play a crucial role in human nutrition and health. Polyunsaturated fatty acids help in maintaining cardiovascular, neurological, and metabolic health. They help reduce inflammation and improve cognitive functions.
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:
One of the key drivers of growth in the polyunsaturated fatty acids market is the increasing consumer awareness about the health benefits associated with their consumption. There is a growing understanding among individuals about how polyunsaturated fatty acids can help reduce the risk of many lifestyle diseases such as heart disease, depression, arthritis and even cancer. As a result, demand is rising for food products rich in omega-3 and omega-6 fatty acids. Manufacturers are responding to this demand by introducing more food items in the market fortified with polyunsaturated fatty acids. The marketing emphasis on their health advantages is also raising consumer education and propelling market expansion. This rising awareness about the preventive healthcare properties of polyunsaturated fatty acids is expected to significantly accelerate the growth rate of this market over the forecast period.
Segment Analysis
The global Polyunsaturated Fatty Acids Market Size is dominated by the omega-3 fatty acids segment. This is because omega-3 fatty acids such as EPA and DHA have shown tremendous health benefits when consumed either through diet or supplements. Regular consumption of omega-3 fatty acids is associated with reduced risk of heart diseases, better cognitive development, and joint health.
Key Takeaways
The global polyunsaturated fatty acids market 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.
The Asia Pacific region holds the largest share of around 40% of the global polyunsaturated fatty acids market currently. The region is expected to witness the highest growth during the forecast period as well. The large production capability of PUFAs due to availability of raw materials such as linseed, soybean, and canola in countries like India and China contributes to the large market size. Furthermore, growing awareness about the importance of omega-3 fatty acids in heart and brain health has boosted product demand in the region.
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.
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