Koninklijke DSM N.V., BASF SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, FMC Corporation, Cargill, Incorporated, GlaxoSmithKline plc. are the leading market players.
The global polyunsaturated fatty acids market is predicted to create an absolute dollar opportunity by exhibiting a CAGR of 5.4% from 2022 to 2032. The market size reached a valuation of US$ 5459.4 Mn in 2021 and it is to touch a valuation of US$ 5743.3 Mn in 2022. Due to polyunsaturated fatty acid's widespread application in several industries including pharmaceuticals and healthcare, food & beverages, dietary supplements, infant formula, and several other applications, which is projection a valuation of the market of about US$ 9717.8 Mn by 2032.
As compared to the historical forecast which registered a growth of 6.7% CAGR between 2016 and 2021, the current forecast of the global polyunsaturated fatty acids market size is predicted to show sluggish growth at 5.4% CAGR between 2022 and 2032.
Various multinational companies and key players in the polyunsaturated fatty acids market have established and integrated value chains involved in manufacturing raw materials and supplying omega acids as finished products. These companies are able to integrate across several levels of the value chain whilst maintaining a meticulous supply of raw materials and keeping manufacturing costs at a minimum.
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Key Takeaways
Competitive Landscape
In order to fulfill the increasing demand for polyunsaturated fatty acids, key manufacturers in the industry are shifting their focus towards improving their production capabilities, R&D investments, collaborative partnerships, and mergers and acquisitions.
The Major Keyplayers are Koninklijke DSM N.V., BASF SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker BioMarine AS
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More Insights into the Polyunsaturated Fatty Acids Market
According to Future Market Insights, the U.S. is expected to dominate the North American polyunsaturated fatty acids market by possessing a significant share in terms of consumption. This phenomenal growth in the U.S. is driven by increasing usage of polyunsaturated fatty acids across rapidly expanding industries such as food and beverage, pharmaceutical, and nutraceutical along with the rising prevalence of cardiovascular disorders, and growing consumer awareness about the benefits of PUFAs.
Germany is projected to garner a total revenue share of about 5.9% in the global polyunsaturated fatty acids market by the end of 2022. Growth in the market is driven by the rapid consumption of foods containing polyunsaturated fatty acids.
Polyunsaturated Fatty Acids Market Key segments
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Dec 15, 2022