In contrast with the misleading theories that prevailed amongst health professionals in the past few decades, general opinions towards consumption of fatty acids have changed recently on the back of free information available on the Internet as well as deepening penetration of social media. The US Department of Agriculture actively encourages people to consume around 25-30% of their total daily calories from sources that are rich in fatty acids. The fatty acid is a carboxylic acid that humans and animals do not produce naturally in their bodies. Chemically, they are long hydrocarbon chains that are present in triglycerides and phospholipids. According to a recent business intelligence report from IndustryARC, the global fatty acid market is poised for fruitful returns in the near future.
Essential fatty acids include Omega-3 and Omega-6 fatty acids, which are poly-unsaturated fatty acids and should be consumed by animals and humans on a regular basis. The analyst of the IndustryArc report highlights North America as the dominant regional market for Omega-3 PUFA ingredients, and products. The report is titled “Fatty Acid Market: By Bond (Unsaturated Fatty Acid, and Saturated Fatty Acid), By Length of Chain (Short-chain fatty acids (SCFA), Medium-chain fatty acids (MCFA), Long-chain fatty acids (LCFA) and Very long chain fatty acids (VLCFA)) & By Region – Forecast(2018 – 2023).”
Fatty Acid Market: Key Drivers and Disruptive Trends
The development of the fatty acid market is highly dependent on the rubber, plastics, and cosmetics industries. With emerging countries across the globe actively engaging in the production of plastics, fatty acids are being desired and produced in copious amounts. Another key driver for the market is the necessity of fatty acids in human nutrition, with health experts around the world encouraging people to consume healthy fats. According to NCBI, in humans, not all fatty acids can be produced endogenously due to the absence of certain desaturases. Thus, specific fatty acids termed essential (linoleic and alpha-linolenic) need to be taken from the diet. As the awareness expands, this factor is adding further impetus to the fatty acids market.
The analyst of the report foresees that in the upcoming years, the growth of the fatty acid market will be highly dependent upon an enhanced supply chain management system, refined government policies, and increasing demand of fatty acids in several industries.
Fatty Acid Market: Leading Segments
On the basis of form, the market can be bifurcated into syrup, oil, and powders. Based on the product, the fatty acid market can be segmented into Omega-9, Omega-7, Omega-6, and Omega-3. Application-wise, the market for fatty acids expands across several domains with the primary ones being cosmetics, dietary supplements, food, and beverages, pharmaceutical, and animal industry. And on the basis of source, the market can be classified into the plant, marine, and dairy products.
Fatty Acid Market: Competitive Landscape
India based Godrej Industries, Chile-based Golden Omega, US-based The Dow Chemical Company, and China-based Sinomega Biotech Industry are some of the key market players in fatty acids market. Cosmetic companies around the world are leading in terms of fatty acids demand.
The fatty acid market will predictably continue to grow as the demand for fatty acids continues to increase at a rate never seen before. Long chain fatty acids will continue to influence the cosmetic and nutrition industry; and hopefully, with the governments of all the countries making better policies, the demand will continue to surge
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A. Nutricosmetics Market
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What can you expect from the report?
The fatty acids market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories & Application
2. Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
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