by The global Polyunsaturated Fatty Acids Market is an essential part of a healthy diet as they help maintain cholesterol levels, reduce inflammation and support brain and heart health. Polyunsaturated fatty acids like omega-3 and omega-6 fatty acids are considered essential as the human body cannot synthesize them. 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 growing incidence of cardiovascular diseases across the world is one of the major drivers boosting the demand for polyunsaturated fatty acids. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. Omega-3 and omega-6 fatty acids help reduce triglyceride levels, lower blood pressure, and regulate heartbeat which reduces the risk of heart diseases. Moreover, their anti-inflammatory properties also help reduce the risk of stroke and other inflammation triggered diseases. The rising health awareness regarding the role of PUFAs in maintaining heart health has been prompting consumers to include more PUFA rich foods like walnuts, flaxseeds, and fatty fish in their diets, thereby propelling the polyunsaturated fatty acids market growth.
SWOT Analysis
Strength: Polyunsaturated fatty acids are considered healthy fats that provide numerous health benefits such as reducing inflammation, lowering cholesterol levels, and promoting heart health. They can easily be incorporated into daily meals and snacks.
Weakness: PUFAs are prone to oxidation when exposed to heat, light, and air which can reduce their shelf life and nutritional value. Their oxidation can also produce harmful byproducts.
Opportunity: Growing health consciousness among consumers and increasing awareness about the health benefits of omega-3 and omega-6 fatty acids is driving the demand for PUFA-rich foods and supplements. The food and beverage industry is developing various PUFA-fortified products.
Threats: Presence of substitutes such as monounsaturated fatty acids and saturated fatty acids can hamper the growth of the polyunsaturated fatty acids market. Stringent regulatory norms regarding the use of PUFAs inFood items pose challenges.
Key Takeaways
The Global Polyunsaturated Fatty Acids Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 6.36 billion by 2023, growing at a CAGR of around 11%.
Regional analysis: North America dominates the global PUFA market Currently accounting for over 35% of the total market share led by the US and Canada. Asia Pacific region registers the fastest growth on account of increasing disposable incomes, growing working women population, and expanding food processing industry in countries such as India and China.
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. These manufacturers are focusing on new product launches, partnerships, and expansion strategies to strengthen their market presence.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
