Industry: Food and Beverages
Published Date: January-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 84
Report ID: PMRREP2802
The market for fatty acid supplements can be expected to expand at a value based CAGR of 7% and show an increase in revenue from US$ 5,406.0 Mn to around US$ 10,834.9 Mn by 2033.
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Fatty Acid Supplements Market Size (2023E) |
US$ 5,406.0 Mn |
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Projected Sales of Fatty Acid Supplements (2033F) |
US$ 10,834.9 Mn |
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Value CAGR (2023-2033) |
7% |
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Value Share of Top 4 Countries (2022E) |
66.6% |
The global fatty acid supplements market has witnessed significant growth in the historical period registering a CAGR of 6.4% in the historical period and was valued at US$ 5,406.0 Mn in 2023. The market is expected to grow steadily with increasing consumption and awareness about benefits
Awareness among the general population about the health benefits of consumables has increased as education through various platforms has risen. The importance of fatty acids in human nutrition has always been a topic of great interest, since there are many of these essential acids that our body isn’t capable of producing by itself, and not many general foods contain them either. To get these one must follow a proper diet and nutrition-centric meal plan.
Fatty acids play a vital role in cardiovascular as well as cognitive function development, and research on the same has also increased substantially. A new study recently suggested that there may be a possible link between consumption of omega-3 fatty acids and polycystic ovary syndrome (PCOS) in women. The aetiology of the disease isn’t clear but there may be a possible link between the consumption of certain fatty acids and its pathogenesis. The results are mixed and nothing can be conclusive about the impact of omega-3 fatty acids on the disease. Certain benefits such as anti-obesity effects have also been observed. As research advances, there will be more information on how fatty acids affect human biology.
Supplementation of fatty acid tablets has increased as their health benefits are being realized. From mental health to cognitive function enhancements, fatty acids are being used in many treatments, and demand for them is expected to see some major changes as research solidifies over the coming years. The global market for fatty acid supplements is estimated to reach an approximate valuation of US$ 10,834.9 Mn in the forecast period.
“Increasing Popularity regarding benefits of omega-3 fatty acids”
The acidic contents of omega-3 fatty acids play a key role in regular metabolic activities, in addition to regulating the level of cholesterol in a body. Increasing awareness about the benefits of a healthy lifestyle and growing consumer preference for healthier diet regimen will remain the primary driver to the growth of the global market for fatty acid supplements. The past few years have seen the applications of omega series fatty acids in the treatment of hair, heart, and eyes. Researchers are constantly discovering more new applications, which is likely to provide an impetus to the market during the forecast period. The technological advancement has resulted in increased consumption by the processed food industry.
Growing need for the regulation of oxidation in omega-3, omega-6, and omega-9 fatty acids in order to maintain the original smell, taste, and quality of food products, will also fuel the market through to 2021. The geriatric population is growing worldwide, especially in developing countries, which is expected to foster the demand for fatty acid supplements. Infant formula is a growing trend in the market, propelling the demand for omega-3 fatty acids. Manufacturers have already started to capitalize on this trend, which is predicted to remain a fast growing trend over the next few years.
Moreover, the market has been witnessing a new trend of the development of functional beverages containing omega-3 fatty acids. This further highlights a major opportunity that lies in the market over 2021-2031. However, developing markets still face the issue of lower awareness about the health benefits of omega-3 fatty acids. This may hamper the market condition throughout the forecast period. Moreover, a large population in emerging economies does not prefer to spend on dietary supplements. This is identified to be another factor that may hold a major negative influence on the market growth. The situation is however changing since the past few years.
“Cultural Customization to Target Specific Populations and Ethnic Groups”
With the rise of information, data, and technology, food and beverage companies are looking to leverage the consumer food trend as a way to boost income, sales, profit, and market share across the globe. Almost every food and beverage manufacturer is turning towards cultural customization to target a specific population and ethnic group as a way to increase market penetration. In the food and beverage market space, there are particularly incredible growth opportunities for brands keen to involve consumers in the functionality and design of their products. Moving to the year 2018 and beyond, the trend of cultural customization of products show no sign of slowing down within the food and beverage market space. With changing consumer preference and increasing health consciousness of diets, manufacturers of food and beverage products are targeting specific populations and ethnic groups in order to offer refined customized food products to maximize profits and increase their consumer base.
“Preferential Inclination towards Non-Modified Functional Ingredients”
The increasing health-conscious population has significantly increased the demand for non- GMO food ingredients. In the global food and beverage market, the trend indicated the need for manufacturers who offer non-GMO certified products to their customers. In the case of parenthood, parents, these days, are very concerned about the ingredients used in the baby products available in the market, which is creating the need for non-GMO food ingredients, resulting in the preferential inclination towards non-modified functional ingredients.
“Increasing Preference for Mono & Poly-Unsaturated Fatty Acids”
Excessive consumption of saturated fat raises the risk of coronary heart disease (CHD), stroke, or cardiovascular disease (CVD). Polyunsaturated fatty acids (PUFAs) lower the risk of developing heart disease. Replacing saturated and Trans fats in the regular diet with heart-healthy mono- and poly-unsaturated fats lowers LDL (low-density lipoprotein) cholesterol levels and lowers the risk of developing cognitive impairment in adults. The American Heart Association (AHA) recommends including polyunsaturated fats (PUFAs) in a regular diet to reduce the risks of heart disease and to avoid diets high in saturated fat and trans fat. Furthermore, PUFAs provide nutrients for cell development and maintenance. Furthermore, because these foods are high in alpha-linolenic acid, the AHA recommends eating tofu, soybean, flaxseed, canola, walnut, and their oils (ALA).
“High Prevalence of Chronic Diseases Coupled With Rising Awareness about PUFAs as a Preventive Solution”
According to the World Health Organization (WHO), chronic diseases such as cardiovascular diseases, stroke, cancer and diabetes is expected to increase from 3.78 million in 1990 to 7.63 million in 2020 worldwide. Awareness about the benefits associated with consumption of PUFAs in regular diet is increasingly high among consumers in APEJ, North America and in Western Europe. According to an independent research, fish oil helps in reducing symptoms of ADHD in children and improve their mental skills. PUFAs such as omega 3 and omega 6 fatty acids (essential fats), which are not produced by the human body, is required to be indirectly consumed in the form of supplements or capsules and helps in decreasing an individual’s LDL.
In 2015, a consumer survey published in Nutrition Business Journal (NBJ), reported that 89% of consumers were aware of omega-3, which is an increase of 46% as compared to 1999. Additionally, PUFAs boosts the effects of antidepressants and helps in the treatment of bipolar disorder. Various studies also suggest the important role of PUFAs in the visual and neurological development of infants.
What is the Global Outlook for the Fatty Acid Supplements Market?
By geographical analysis, the global market is segmented into four key regions viz. North America, Europe, Asia Pacific, and rest of the world. North America represents the largest market share of 26% and is expected to continue its dominance over the coming years.
Europe is also a major market, and the growth in this region is attributed to rising awareness among consumers about the benefits of omega-3 fatty acids. South Asia & Pacific and East Asia are the emerging, yet fastest growing market for fatty acid supplements, especially omega-3. Being one of the vital ingredients in infant formula, omega-3 is expected to gain traction in the regions with the highest birth rates i.e. India and China.
How is the East Asia and South Asia & Pacific Fatty Acid Supplements Market Faring?
Fatty acid supplements are majorly extracted from seafood and the aquaculture industry is highly extensive in these particular regions, especially China and India. In addition to the procurement of raw materials, the region consists of two most populated countries in the world which are currently experiencing rapid urbanization which has led to individuals shifting focus towards proper supplementation of their diets which will result in a high market share in the forecast period.
Which Source of Fatty Acid Supplements Market is expected to dominate the Market?
Based on the source of fatty acids, the marine oils segment is expected to maintain a dominating segment expanding at a stellar CAGR during 2023-2033. This is likely owing to the high omega 3 content present in seafood which has gained traction and popularity among the general public who have started to supplement everyday meals to maintain optimum nutrition.
What Application of Fatty Acid Supplements is expected to Show Maximum Growth?
The application segment shows great potential for growth in the forecast period and amongst them the dietary supplement sector is set to hold the maximum share based on the consumer consumption patterns regarding supplementation in everyday life. Post coronavirus pandemic, a lot of consumers have increasingly become aware about the benefits of maintaining a healthy immune system and found that supplementation is the best way to do that, therefore, dietary supplement segment is likely to hold a significant value in the market.
The majority of large-scale international and local businesses make up the global fatty acid supplements market. Multinational companies with a wide variety of products account for roughly 70–75% of the worldwide fatty acid supplements industry. They mostly target Europe and North America because there are many health-conscious consumers in these regions. Several significant businesses that operate in the market are Croda International Plc, Koninklijke DSM N.V., Omega Protein Corporation, and others. Additional regional and local competitors hold market shares of 20–25% and 5–10%, respectively. These companies are mostly active in the regions of North America, Europe, South Asia & the Pacific, East Asia, Latin America, the Middle East, and Africa.
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
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The global market for fatty acid supplements has a value of US$ 5,406.0 Mn in 2023.
The global market for fatty acid supplements has a value CAGR of 6.4% from 2018-2022.
The global market for fatty acid supplements has a value of US$ 10,834.9 Mn in 2033.
The global market for fatty acid supplements has a value CAGR of 7% from 2023-2033.
The top players in the global fatty acid supplements market includes Koninklijke DSM N.V, Croda Health Care, Copeinca AS., Omega Protein Corporation, Axellus AS.
