The recently published report titled, “Fatty Acids Supplements Market: Opportunity Analysis and Future Assessment 2022-2030” in the database of the Reports and Insights be of assistance to a paradigm solution for clearer and greater understanding of the market. It is beneficial in determining the size of the market for particular products. These leading players functioning in this market are in rigorous competition in terms of innovation, technology, product pricing and product development. Moreover, the market study helps in establishing sales prophecies for its products and therefore, creating symmetrical adjustment between demand and supply of its products.
The global fatty acids supplements market in 2022 is estimated for more than US$ 33.6 Bn and expected to reach a value of US$ 50.4 Bn by 2030 with a significant CAGR of 5.2%.
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Fatty Acids Supplements Introduction
Fatty acids are considered to be an integral part of diet and functions as the fuel, which when metabolizes produces an adequate amount of energy in the form of ATP. Fatty acid supplements are available in the market in different forms, namely, linoleic acid (or omega 3) and alpha-linolenic acid (or omega 3). The major functions of this supplement are to ensure the formation and maintenance of healthy cell membranes, hormone production, regulation of blood pressure, normal functioning of the liver, and immune systems.
Apart from these, fatty acids supplements are also necessary for healthy and clear skin and quality of hairs.
Fatty Acids Supplements Market Dynamics
The increasing count of the elderly population along with the Consolidation of nutraceutical markets are the prime factors that boost the growth rate of the market. Moreover, the easy availability of the products, the adoption of advanced technology for processing, and increasing health consciousness among consumers are other factors that propel the growth of the Fatty Acids Supplements Market.
However, the fortification of infant formula holds the largest market share amongst the application segment. Additionally, on the basis of source, marine oil dominates this market. Whereas, a large population in developing regions may lay a negative impact on this market.
The global fatty acids supplements market is expected to increase at a significant CAGR over the forecast period owing to the developing scenario of healthy lifestyle coupled with the increasing count of the geriatric population. Moreover, the advancement in processing or manufacturing technology is also driving this market. However, the lack of awareness may hamper the growth of the fatty acids supplement market.
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Fatty Acids Supplements Market Segmentation
The global fatty acids supplements market is segmented on the basis of source, application, and region.
On the basis of source, the global fatty acids supplements market can be segmented into marine oil, algal oil, flaxseed oil, and others. On the basis of application, the global fatty acids supplements market can be segmented into dietary supplements, functional food & beverages, infant formula, and pharmaceutical.
Fatty Acids Supplements Market Key Players
The global fatty acids supplements market is mainly dominated by Arista Industries, Inc., Axellus AS, Copeinca AS, Croda Health Care, EFG Elbe Fetthandel GmbH, Epax AS, GlaxoSmithKline PLC, Koninklijke DSM N.V., and Omega Protein Corporation.
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