Omega 6 Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3590
Omega 6 Market size is likely to grow over the forecast timeframe owing to the rising awareness of their health benefits. These products are widely utilized in pharmaceuticals, food supplements and beverages. Omega 6 fats are present in refined vegetable oils, vegetable oils cooked food, and nuts & seeds. They offer medicinal benefits such as strengthening the immune system, ensuring brain development, and regulating blood pressure.
Omega 6 are polyunsaturated fatty acids essential for the human diet as the body cannot produce them naturally. They are good for the heart when consumed in adequate amounts as an alternative for saturated fats found in meats and dairy products. They are found in soybean, sunflower, sesame, palm, and rapeseed oil. Global sunflower oil market size is expected to surpass USD 4 billion by the forecasted timeframe owing to increasing awareness about their medicinal benefits and growing demand to adopt a healthy lifestyle, which should expand market size.
Omega 6 are termed as “essential” fatty acids as they ensure growth & repair and are used to make other fatty acids, whose deficiency can lead to sickness, poor susceptibility to diseases, and poor wound healing affinity. They contribute to structure and function of cell membranes and play an important part in the regulation of genetic activity inside the cell.
Omega 6 are widely used in dietary supplements to enhance growth and fulfil deficiency of vitamins & nutrients in the diet. They are present in the form of hard & soft gels, powders, chewing capsules and have the capability to cure various diseases. Growing fitness & sports industry and expanding cardiovascular disorders in adults are likely to foster growth of omega 6 market size in dietary supplements industry. Global sports medicine market size surpassed USD 6.5 billion in 2018 and is predicted to increase by the forecasted timeframe owing to the drift towards a healthy lifestyle and increasing number of individuals choosing sports as a career, thereby augmenting omega 6 market growth.
Omega 6 finds applications in functional foods & beverages, animal feeds and pharmaceutical industry. They are commonly used to treat breast cancer, high blood pressure, osteoporosis, and breast pain, and attention deficit/hyperactivity disorder (ADHD) which is the most common mental disorder in children and adolescents. Globally the number of children diagnosed with ADHD surpassed 1.5 billion in 2016 and is predicted to rise in the forecasted timeframe owing to increasing mental stress and changing lifestyle, which is likely to expand product demand in pharmaceutical industry.
North America omega 6 market size led by the U.S., Mexico, and Canada should witness substantial growth during the forecasted period owing to significant consumption of diary product. Dairy products offer nutritional values and benefits that reduce suffering from mental disorders and surgery. Global milk products market volume is likely to surpass 370 billion kg by 2023 owing to increasing demand for dairy products and decreased prices, which should stimulate market growth.
Europe driven by France, Italy, UK, and Germany omega 6 market size should witness moderate growth during the forecasted period on account of favorable regulations and increased demand for infant nutrition, pet food, and feed. These products are ideal for heart health, joint & inflammation support, eye health, cognitive function, pregnancy & healthy child development, and cardiovascular disease treatment which is predicted to increase the demand for omega 6 in pharmaceutical industry. Chia seeds are a proven source of omega 6 and Germany is the largest importer of chia seeds in Europe owing to its nutritional and health properties, which should boost product demand.
Asia Pacific omega 6 market size led by China, India, Australia and Japan is expected to grow during the forecasted period owing to its increasing demand from consumers on account of changing lifestyles. Countries such as India, China, and Japan have large areas for agriculture and production of high-fiber plants & oilseeds, which act as source for omega 6 ingredients. Regional processed food & beverage industry is expected to surpass a market volume of about USD 75 billion by 2025, owing to rapid urbanization, diet diversification, and liberalization of foreign direct investment, which should further boost product growth in the market.
The major source of omega 6 are oily fish species, including mackerel, salmon, and herring, which may result in overfishing, and pollution which may lead to sustainability issues. Moreover, the high cost of research & development for production of these fatty acids is another major factor that acts as a threat to market growth.
Global omega 6 market share is significantly competitive and the major market players include BASF, Millipore Sigma, Omegavia, Aker Biomarine, Koninklijke DSM, and Polaris Nutritional Lipids. Various companies are launching new products to expand product portfolio and attract new customers, which is likely to stimulate market growth.
Omega 6 Market, by Source, 2014-2025 (Tons) (USD Million)
- Soybean oil
- Sunflower oil
- Rapeseed oil
- Sesame oil
- Palm oil
Omega 6 Market, by Application, 2014-2025 (Tons) (USD Million)
- Dietary supplements
- Animal feeds
- Food & beverages
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- BASF SE
- Denomega Nutritional Oils
- Omega Protein Corporation
- Polaris Nutritional Lipids
- Millipore Sigma
- Aker Biomarine
- FMC Corporation
- Koninklijke DSM N.V.
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