Fatty Acid Supplements Market Size, Regional Outlook, Application Growth Potential, COVID-19 Impact Analysis, Competitive Market Growth & Forecast, 2021 – 2027
Report ID: GMI2753
Fatty Acid Supplements Market size is growing with increasing popularity of dietary supplements and omega-3 fatty acids. Heightened awareness about a healthy lifestyle and rising consumer awareness for healthier diet will further boost the industry outlook.
Fatty acids such as omega-3 fatty acids that include eicosapentaenoic acid (EPA), alpha-lionolenic 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 heart healthy and protect from health problems.
In terms of source, the global fatty acid supplements market value from the marine oil segment will gain substantial traction during the forecast period 2021-2027. Marine oils are increasingly prompted as a treatment for hypertension or high BP. 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, driving the industry growth. 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 considerable share in the coming years. Fish oil will continue to gain popularity as dietary supplement. Pharmacies and other retail outlets have exhibited increased traction towards omega-3 fatty acid fish oil dietary supplements. Rising demand for dietary formulations containing algal oil will pan well for the market players. Dietary supplements are poised to contribute to meet required omega-3 intakes.
In terms of region, the North America fatty acid supplements industry outlook will be strong over 2021-2027. 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, breads and packaged meats. High-profile products such as probiotic 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, among others. As the awareness regarding the need for and lack of omega 3 fatty acids is growing among consumer, the market players will find key opportunities in development suitable products for people suffering from various chronic conditions.
Influence of the COVID-19 outbreak on the global fatty acid supplements market trends
The trend for omega-3 supplements has surged across the food & beverage sector with growing coronavirus cases globally. A research published in the BMJ Nutrition Prevention & Health found that taking omega fatty acids, and other functional ingredients, was linked with a lower risk of COVID-19 infection by 12%.
Penetration of functional food & beverages and dietary supplements became noticeable in Europe and North America, in particular. Industry participants are poised to boost investments in dietary supplements and fish oils and will eye to expand their presence in functional food and beverages sector.
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