Essential Fatty Acids Market is projected to witness lucrative growth by reaching up to US$ 8.5 billion by 2030

Essential Fatty Acids Market Size
The Global Essential Fatty Acids Market reached US$ 4.6 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 8.5 billion by 2030. The market is growing at a CAGR of 8.1% during the forecast period 2023-2030.

The surge in demand for Omega-3 is fueled by its well-established health benefits, encompassing cardiovascular health, cognitive function, and anti-inflammatory properties. Growing consumer awareness regarding the significance of Omega-3 in their diets is driving an uptick in product adoption. Notably, there is a rising popularity of plant-based Essential Fatty Acids (EFAs), sourced from flaxseed oil, chia seeds, and algae. This shift is propelled by the increasing demand for vegetarian and vegan products, coupled with heightened concerns about sustainability and environmental impact. Plant-based EFAs present viable alternatives for those seeking essential fatty acids from non-animal sources.

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Market Dynamics

The increasing recognition of the health advantages associated with Essential Fatty Acids (EFAs) is propelling the growth of the essential fatty acids market. EFAs, including Omega-3 and Omega-6 fatty acids, have been extensively linked to a range of health benefits, playing pivotal roles in brain development, cardiovascular health, immune function, and inflammation regulation.

As per the World Health Organization (WHO), a significant portion of Non-Communicable Disease (NCD) deaths-17.9 million annually-is attributed to cardiovascular illnesses, followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million, including diabetes-induced kidney disease deaths).

EFAs have been correlated with a reduced risk of chronic diseases such as cardiovascular disease, arthritis, diabetes, and specific cancer types. With an escalating focus on health consciousness and preventive measures among consumers, there is a heightened demand for EFAs as integral components of balanced diets or supplement regimens.

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Market Segmentation

By Product Type
Omega 3
Omega 6
Omega 7
Omega 9

By Form
Powder
Syrup
Oil
Others

By Source
Vegetable Oils
Meat
Fish
Seeds
Nuts
Others

By Application
Nutraceuticals
Infant Formula
Pharmaceuticals
Cosmetics
Others

Market Key Players
Major players are Kemin Industries, Inc, KD Pharma Group, SEPPIC, Aker BioMarine AS, Koninklijke DSM NV, Croda International Plc, The Dow Chemical Company, Arbee Agencies, Arjuna Natural LLC, Arctic Nutrition.

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