Polyunsaturated Fatty Acids market slated to Experience Surging Growth Due To Rapid Demand From Food & Pharmaceutical Industries

Polyunsaturated Fatty Acids Market



Market Overview:

Polyunsaturated fatty acids are lipids that play a vital role in blood clotting, cell growth and as structural components in cell membranes. They help lower LDL or "bad" cholesterol and raise HDL or "good" cholesterol levels. PUFAs are required for normal growth and development. They cannot be synthesized by the body and must be obtained from dietary sources. Foods enriched with omega-3 and omega-6 fatty acids are seeing increasing demand.

Market key trends:
Rapid demand from the food & pharmaceutical industries is propelling the Polyunsaturated Fatty Acids market Demand. PUFAs find numerous applications in dietary supplements, functional foods, beverages and infant formulas owing to their health benefits. Growing health consciousness among consumers has increased the use of omega-3 and omega-6 fortified food products. PUFAs help treat cardiovascular diseases, arthritis, ADHD and other inflammation-related disorders when consumed as supplements or enriching daily diets. Rising cases of lifestyle diseases along with growing geriatric population susceptible to chronic conditions will continue augmenting market revenue over the forecast period.

Porter’s Analysis

Threat of new entrants: New players find it difficult to enter this market as large capital investments are required to build production facilities. Additionally, established brands have strong brand recognition and supply chain which create barriers.

Bargaining power of buyers: Buyers have moderate bargaining power as they can choose from various producers. However, switching costs are low.

Bargaining power of suppliers: Few suppliers of raw materials like algae and fish oils gives them strong bargaining power over buyers.

Threat of new substitutes: Substitutes like medium chain triglycerides pose threat but PUFAs have distinct health benefits with no close substitutes.

Competitive rivalry: Intense as major players compete on factors like innovation, quality and price.

SWOT Analysis

Strengths: Health benefits of PUFAs leading to increased demand. Strong R&D funding by major players.

Weaknesses: Vulnerability to price fluctuations of raw materials. High capital requirements.

Opportunities: Rising health consciousness. Growing use in infant formula and functional food & beverages.

Threats: Stringent regulations. Threat from substitutes. Intense competition.

Key Takeaways

The global Polyunsaturated Fatty Acids market size is expected to reach US$ 10.12 Bn by 2030, expanding at a CAGR of 8.2% during the forecast period. Increasing health awareness among consumers regarding heart diseases, cardiovascular problems and other chronic diseases is expected to drive the growth.

The Asia Pacific region is expected to dominate the market during the forecast period. India and China are experiencing high growth in demand for PUFAs due to rising incomes, urbanization and changing lifestyles.

Key players operating in the Polyunsaturated Fatty Acids market are Koninklijke DSM N.V, BASF SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker Bio Marine AS, Polaris Nutritional Lipids, FMC Corporation, Cargill, Incorporated, GlaxoSmithKline plc. Players are focusing on innovation, new product launches and mergers & acquisitions for market penetration.

Read More:

https://www.marketwebjournal.com/global-polyunsaturated-fatty-acids-market-growth/

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