Fatty Acid Supplements Market size is anticipated to witness healthy growth during 2023 to 2032, with the increasing popularity of dietary supplements and omega-3 fatty acids. Heightened awareness about a healthy lifestyle and rising consumer awareness for a nutritional diet will further boost the industry outlook.
Fatty acids such as omega-3 fatty acids that include eicosapentaenoic acid (EPA), alpha-linolenic acid (ALA), and docosahexaenoic acid (DHA) have gained popularity, sourced from plant oils such as soybean, flaxseed, fish, and canola oils. Several studies have also shown that eating fatty fish and other seafood can keep the heart healthy and protect it from health problems.
Every industry globally has been feeling the burn of the ongoing inflation, with the nutrition sector being no exception. Still experiencing sky-high consumer demand, pushed by the COVID-19 pandemic, the nutrition sector is encountering widespread supply chain disruptions and jacked-up prices on nearly every commodity required to manufacture a personal care product, dietary supplement, or natural food or beverage. As a result, the fatty acid supplements market is currently blockaded by diminished at-home and off-site manufacturing, skyrocketing freight costs, labor shortages, congestion at ports, increased labor costs, and extreme weather events, which may severely impact its trade dynamics in forthcoming years.
In terms of source, the global fatty acid supplements market value from the marine oil segment will gain substantial traction during the forecast period. Marine oils are increasingly prompted as a treatment for hypertension or high blood pressure. Marine oil, such as fish oil, has become popular among pregnant women. The source has received profound attention as a source of omega-3 polyenoic fatty acids. The penetration of marine oil-based supplements will be propelled by soaring demand for omega-3 fatty acids from krill and fish oils.
Based on application, the dietary supplements segment will garner a considerable share of the fatty acid supplements market by 2032. Fish oil will continue to gain popularity as a dietary supplement. Pharmacies and other retail outlets have exhibited increased traction toward omega-3 fatty acid fish oil dietary supplements. The rising demand for dietary formulations containing algal oil will pan out well for the market players. Dietary supplements are poised to contribute to meeting required omega-3 intakes.
In terms of region, the North American fatty acid supplements market outlook will see massive growth through 2032. Omega fatty acids have become one of the most sought-after health ingredients in functional foods and dietary supplements. Manufacturers are using these supplements in juices, bread, and packaged meats. High-profile products such as probiotics and protein supplements will be the major drivers of omega fatty acids. Basic formulation upsides such as fishy taste and eructation and seed sources will help companies make sustainability and vegetarian claims in advanced markets.
The fatty acid supplements market is highly consolidated with companies such as Glaxo Smith Kline plc, Koninklijke DSM N.V., DMS, Copeinca AS, Croda Health Care, Epax AS, EFG Elbe Fetthandel GmbH, Axellus AS and Arista Industries. As the awareness regarding the need for and lack of omega-3 fatty acids is growing among consumers, the companies will find key opportunities in the development of suitable products for people suffering from various chronic conditions.
In March 2023, M&M Labs launched a new range of vegan algal omega-3 supplements at the Natural Product Expo West show in Anaheim, California. These products are based on AlgaLab® Refined EPA oil provided by Lyxia Corporation, solvent-free flaxseed oil, and microalgal DHA oil. These Omega-3 fatty acids are vital nutrients and are known to benefit neurological, cardiovascular, vision, and immune system health.