Polyunsaturated fatty acids (PUFAs) are fatty acids that humans and other mammals cannot synthesize de novo and must be taken in through food. These fatty acids play key roles in human health and development through incorporation into cell membranes and signaling molecules. The omega-3 segment of the PUFA market dominates due to increasing consumer focus on PUFAs essential for heart and brain health and reduction of cardiovascular diseases and inflammation.
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:
The increasing demand for nutraceuticals supplements made with PUFAs is one of the key trends driving the growth of the polyunsaturated fatty acids market. Long-chain omega-3 fatty acids EPA and DHA have demonstrated significant anti-inflammatory and cardiovascular benefits. Thus, PUFAs find wide application in dietary supplements, infant formulas, and clinical nutrition products. The growing health-conscious consumer base is shifting towards consuming food products fortified with PUFAs for perceived health benefits. Furthermore, favorable regulatory environment supporting PUFAs addition in diet and infant formulas is also supporting the increased adoption of PUFAs.
Segment Analysis
The global polyunsaturated fatty acids market is dominated by the omega-3 segment currently. Omega-3 fatty acids including docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA) have been widely used in dietary supplements and functional foods owing to growing awareness about their health benefits. Higher use in dietary supplements and functional foods has led to increased demand for omega-3, making it the dominating sub-segment.
Key Takeaways
The global Polyunsaturated Fatty Acids Market Growth is expected to witness high growth. The market growth will be driven by growing consumer awareness about health benefits of PUFAs, increasing adoption in dietary supplements and functional foods, and rising cases of cardiovascular disorders. 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: North America currently accounts for the largest share in the global polyunsaturated fatty acids market due to increased consumption of dietary supplements along with rising health and wellness trends. Asia Pacific is expected to witness the fastest growth during the forecast period supported by growing health consciousness and rising disposable income in emerging countries of the region.
Key players: 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. Advanced produces a wide range of plant-based and marine omega-3s for various end-use industries. SAP SE specializes in business software and recently acquired Ariba to expand its portfolio in procurement software.
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