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Omega 6 Market size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI3590

Omega 6 Market size is expected to garner significant momentum between 2023 and 2032, led by a positive application outlook in functional foods and beverages, animal feeds, and pharmaceutical products. Today, most consumers are focusing on adopting a healthier lifestyle, especially led by increased health concerns and rising cases of chronic illnesses. As per the National Health Council reports, incurable and ongoing chronic disorders affect more than 133 million Americans every year.
 

Increasing awareness regarding the various health and medicinal benefits of omega-6 fatty acids, a renewed focus on health and immunity, and the high occurrence rate of various lifestyle diseases drive consumer interest in dietary supplements.
 

Omega-6 fatty acids help improve the cell functions. They are also known to ensure brain development, regulate blood pressure, and strengthen the immune system. When consumed in proper amounts, these essential fatty acids can be extremely good for heart health. It is a healthier alternative to saturated fats in meat and dairy products.
 

Based on the source, the omega 6 market from the sunflower oil segment will witness robust growth through 2032. Increasing consumer awareness of the various health benefits of sunflower oil is driving its consumption. Sunflower oil, rich in omega 3 and 6, can improve heart, skin, and hair health. Moreover, it can prevent cancer, asthma, arthritis, and other health problems, including lowering the blood pressure and stimulating weight loss.
 

In terms of application, the animal feed segment will account for a substantial business share till2032, attributed to the changing perception of pet owners toward pet foods with functional ingredients that add nutrients that strengthen the immune system.
 

A recent pet owner survey by food giant DSM revealed that 69% of pet owners are likely to buy products offering optimized nutrient levels that improve immune system health. The animal feed sector is moving towards functional ingredients to keep up with owners' changing preferences and priorities, which should augment the industry forecast.
 

The Europe omega 6 market is poised to increase exponentially over the forecast period. Growing product consumption in the region will be significantly influenced by rising consumer health awareness and a high prevalence of numerous lifestyle diseases. The WHO reports that more than 60 million individuals suffer from diabetes across the European region. Improved focus on health and wellbeing, growing awareness about the product benefits, and adoption of healthier lifestyle choices, particularly due to the coronavirus pandemic, will be key factors fostering the regional growth.
 

Major players involved in omega 6 market include BASF, Koninklijke DSM, Millipore Sigma (Merck Group), Polaris Nutritional Lipids, Aker Biomarine (Aker Seafoods Holding AS) and OmegaVia. These companies are emphasizing on developing new functional foods, beverages, and dietary supplements rich in omega 6 to expand their brand popularity. Developing healthy, immunity-boosting animal foods is also a key area of focus for manufacturers.
 

For instance, CoreFX Ingredients and Natures Crops joined forces in October 2022 to introduce 70GA Dry Ahiflower Oil, a new plant-based Omega powder. The product is a proprietary seed oil from Nature Crops, and it is the only natural plant source to have more biologically advanced omegas.
 

Small firms and MSMEs have been impacted by the disruption of the supply chain, unexpected price increases, blocked inventory, and uncertainty caused by the Russia-Ukraine war. Since Russia is a significant producer of metals, oil, and natural gas, higher prices for these products will be detrimental to the world economy in the near future, affecting the growth of omega 6 market.
 

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Kiran Pulidindi

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