Overview on Polyunsaturated Fatty Acids (PUFAs) Market: Rising Demand for Omega-3 and Omega-6 Fatty Acids Fuelling Market Growth 2016 - 2026
Press Release – 01
Jan 2019
Research
and Development News
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Latest
Update
"Polyunsaturated Fatty Acids (PUFAs) Market: Rising Demand for
Omega-3 and Omega-6 Fatty Acids Fuelling Market Growth: Global
Industry Analysis & Opportunity Assessment, 2016 - 2026"
with Industries Survey | Global Current Growth and Future.
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Increasing preference towards
polyunsaturated fatty acids (PUFAs) against saturated fats is
boosting the consumption of PUFAs across the globe
Growth of the global polyunsaturated fatty acids
(PUFAs) market is mainly driven by increasing prevalence of chronic
diseases such as cardiovascular diseases, stroke, cancer and
diabetes. Increasing usage of PUFAs as a preferred ingredient in
convenience and processed food is expected to drive the demand for
PUFAs in the near future. Moreover, increasing preference towards
PUFAs against saturated fats is boosting the consumption of PUFAs
across the globe. In addition, increasing usage of PUFAs in infant
nutritional products and dietary supplements is an exclusive factor,
which is increasing the worldwide consumption of PUFAs. However,
fewer consumers following recommended daily intake (RDI) of PUFAs,
increasing prices of fish oils and scarcity of raw materials, and
high costs involved in R&D activities are expected to restrain
the growth of global polyunsaturated fatty acids (PUFAs) market.
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Rising
demand for omega-3 and omega-6 fatty acids is reinforcing the market
growth of global polyunsaturated fatty acids (PUFAs) market and is
expected to exhibit lucrative growth over the forecast period
On the basis of product type, the market is
categorised into omega-3 fatty acids and omega-6 fatty acids. The
omega-3 fatty acids are becoming the face of PUFAs and rising demand
of the same is reinforcing the market growth of global
polyunsaturated fatty acids (PUFAs) market, and is expected to
exhibit lucrative growth over the forecast period. The omega-3 fatty
acids segment is further segmented into alpha-Linolenic acid (ALA),
docosahexaenoic acid (DHA), and eicosapentaenoic acid (EPA). The
docosahexaenoic acid (DHA) segment is expected to register
comparatively high CAGR of 11.7% during the forecast period. The
omega-6 fatty acid segment is further segmented into linolenic acid
(LA) and arachidonic acid (AA). The arachidonic acid segment is
expected to dominate over linoleic acid segment and is estimated to
account for highest market share of 73.2 % by 2016 end.
Western Europe dominates the overall
global polyunsaturated fatty acids (PUFAs) market and is expected to
register a CAGR of 10.3% over the forecast period
In this report, the global polyunsaturated fatty
acids (PUFAs) market has been segmented into seven regions, namely
North America, Latin America, Western Europe, Eastern Europe, APEJ,
Japan, and MEA. In terms of value, Western Europe market accounts for
the maximum revenue share of the overall market, among all the
regional markets. Western Europe market is expected to register a
CAGR of 10.3% over the forecast period, and is expected to continue
to dominate the market in terms of value. This is attributed to
increasing fisheries production coupled with growth of aquaculture
industries in Germany, UK and France. Owing to the change in shift of
U.S. consumers towards krill oil and superior concentrated fish oils,
coupled with increasing consumer disposable income, the North America
PUFAs market is anticipated to exhibit significant growth over the
forecast period.
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APEJ market
is expected to exhibit a highest CAGR of 14.1% over the forecast
period due to rapid urbanisation coupled with change in consumer
lifestyle and taste preferences in China, India and ASEAN countries.
Higher availability of chia seeds, which is a rich source of
-linolenic acid is expected to increase the PUFAs consumption in
countries such as Brazil and Argentina, thus creating Latin America
as another favourable region to contribute positively in the global
polyunsaturated fatty acids (PUFAs) market. Latin America is
anticipated to register a significant CAGR of 11.9% during the
forecast period. Increasing seafood production and consumption,
coupled with growing consumer demand for super-fortified foods in
Russia and Poland, the Eastern Europe PUFAs market is anticipated to
witness decent CAGR during the forecast period. MEA is expected to
exhibit modest growth for the global polyunsaturated fatty acids
(PUFAs) market.
Key market players operating in the global
polyunsaturated fatty acids (PUFAs) market
Some of the major players in the global
polyunsaturated fatty acids (PUFAs) market that are covered in this
report are Koninklijke DSM N.V., Enzymotec Ltd., Aker BioMarine AS,
Croda International PLC, GlaxoSmithKline plc, FMC Corporation, Omega
Protein Corporation, BASF SE, Cargill, Incorporated, Polaris
Nutritional Lipids.
The report also describes company-specific
strategies related to key developments and market consolidation
initiatives.
Global
demand for polyunsaturated fatty acids (PUFAs) is growing to counter
cardiovascular diseases, stroke, cancer and diabetes
Polyunsaturated fatty acids (PUFAs) contain a
double bond (C=C) at the third carbon atom (omega-3), or at sixth
carbon atom (omega-6), from the end of the carbon chain. PUFAs are
essential fats which cannot be produced by human body, hence ingested
or consumed through food to enhance metabolic processes such as
cardiovascular and cognitive functions.
Growing prevalence of chronic diseases such as
cardiovascular diseases, stroke, cancer and diabetes, and increasing
preference towards PUFAs (mono & poly-unsaturated fats) are
majorly driving the demand for PUFAs. The global polyunsaturated
fatty acids (PUFAs) market has been estimated to be valued at US$
4,212 Mn by 2016 end and is expected to witness a CAGR of 10.7% over
the forecast period (20162026).
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