Omega-6 Market: Global Industry Analysis and Forecast 2023-2029

Omega-6 Market size was valued at US$ 5.82 Billion in 2022 and the total Omega-6 revenue is expected to grow at 9.10% through 2022 to 2029, reaching nearly US$ 10.72 Billion.
Omega-6 Market Overview:
Omega 6 fatty acids are polyunsaturated fatty acids that are required in the human diet because the body cannot produce these on its own. Omega 6 fats can be found in a variety of foods, including cooked foods, refined vegetable oils, and nuts and seeds. They also provide medicinal benefits such as brain development, immune system strengthening, and blood pressure regulation. When consumed in appropriate proportions as a substitute for saturated fats found in dairy and animal products, they are also beneficial to the heart. They are mostly found in sunflower, soybean, sesame, palm, and rapeseed oil. The demand for food fortification is the factor for the high growth of the omega-6 market during the forecast period.

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In this report, the Hot Beverages market's growth reasons and the market's many segments (Source Type, Application, and Region) are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the wiring duct market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Omega-6 Market situation.
Omega-6 Market Dynamics:
The increasing wide application of omega-6 in animal feeds, functional beverages, and the pharmaceutical industry is a major growth factor for the omega-6 market. The demand for omega-6 is mostly driven by changing consumer lifestyles and increasing mental stress. Furthermore, rising family disposable incomes associated with increased buyer power, as well as the increasing use of dietary supplements to boost growth and fill vitamin and nutrient deficiency in the diet, are driving the overall demand for omega-6 market over the forecast period.

Furthermore, rising knowledge of their medicinal benefits, as well as a growing desire to live a healthy lifestyle is a major driver of the global omega-6 market. Furthermore, diet diversity, novel manufacturing methods, rising urbanization, and the legalization of foreign direct investment are all driving factors for the growth of omega-6 market. The growing research into alternative sources of omega-6, as well as the rapid increase in consumer demand for plant-based products, will create new opportunities for the omega-6 market over the forecast period.

According to the World Health Organization, Chronic diseases such as cardiovascular disease, obesity, and diabetes are now on the increase globally. Chronic diseases accounted for over 57% of the worldwide disease burden in 2022. with the rise in disease rates, the usage of omega-6 fatty acids in pharmaceutical products has increased. Therefore, omega-6 market is expanding in the coming years. Moreover, These healthy acids have numerous skin benefits including acting as building blocks for healthy cell membranes and keeping skin moisturized. In addition, there is a growing demand for natural ingredients in cosmetics manufacturing. This has a positive impact on the market for omega-6 fatty acids in the coming years.
Omega-6 Market Segment Analysis:
By Source Type, the sunflower oil segment is predicted to increase at a significant rate during the forecast period. Consumer awareness of the various health benefits of sunflower oil is increasing nowadays, which is boosting its consumption. Sunflower oil is high in omega 3 and omega 6 which can help to improve the health of your heart, skin, and hair. It can also reduce the risk of cancer, asthma, arthritis, and other illnesses. According to research, the oil also helps in digestion and weight loss.



By Application, the animal feeds segment is expected to account for a significant share of the omega 6 market over the forecast period. The changing perception of pet owners is partly responsible for the segment's growth. Most pet owners nowadays choose pet foods that contain functional ingredients and additional nutrients that help to boost the immune system. According to a recent pet owner survey conducted by food giant DSM, 69 % of pet owners are more likely to buy products with optimum nutritional levels that boost the immune system. The animal feed sector is moving towards functional ingredients to keep up with the changing preferences and priorities of owners, which should help to boost the market growth during the forecast period.
Omega-6 Market Regional Insights:
North America leads the omega-6 market during the forecast period owing to the increased demand for dairy products as well as the low cost of products in this particular region.
In Europe, the omega 6 market is expected to grow at a rapid speed during the forecast period. increasing health concerns among consumers and a large occurrence of numerous lifestyle diseases will drive regional product consumption. According to the World Health Organization, more than 60 million people in Europe have diabetes. Improved focus on health and well-being, increased understanding of product benefits, and adoption of healthier lifestyle choices, particularly during a pandemic will all contribute to regional growth for Omega-6 Market.

Asia-Pacific is expected to grow at a significant rate during the forecast period owing to the increased demand from consumers as a result of rapidly changing lifestyles in this region. In addition, countries like China, India, and Japan have large areas of land for agriculture activity and the production of high-fiber plants and oilseeds, which serve as a major source of omega 6 productions.

The objective of the report is to present a comprehensive analysis of the Omega-6 Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Omega-6 Market dynamics, structure by analyzing the market segments and projecting the Omega-6 Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Omega-6 Market make the report investor’s guide.
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Omega-6 Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US$ 5.82 Bn.


Forecast Period 2023 to 2029 CAGR:
9.10%
Market Size in 2029:
US$ 10.72 Bn.


 Segments Covered:
by Source Type
• Sunflower Oil
• Soybean Oil
• Rapeseed Oil
• Palm Oil
• Sesame Oil


by Application
• Dietary Supplements
• Food & Beverages
• Animal Feeds
• Pharmaceutical Products
• Other



Omega-6 Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Omega-6 Market Key Players
• The Dow Chemical Company
• Omegavia
• BASF
• Koninklijke DSM NV
• Enzymotec Ltd.
• Croda International PLC
• Merck KGaA
• Cargill, Incorporated
• Innovix Pharma Inc.
• Nordic Naturals, Inc.
• DSM
• Corteva
• NOW Foods
• ADM
• NutriGold, Inc.
• Dow
• GlaxoSmithKline plc.
• Vital Choice Wild Seafood & Organics
• Croda International Plc.
• Carlson Labs
• KD Nutra
• Pharma Marine AS
• FrieslandCampina
• Kerry
• Omega Protein
• FMC Corporation
• Enzymotec Ltd.

FAQs:

1. What is the key driver of the Omega-6 Market?
Ans. Rising family disposable incomes as well as the increasing use of dietary supplements to boost growth and fill vitamin and nutrient deficiency in the diet are driving the overall demand for the omega-6 market over the forecast period.

2. What is the opportunity in the Omega-6 Market during the forecast period?
Ans. The growing research into alternative sources of omega-6, as well as the rapid increase in consumer demand for plant-based products, will create new opportunities for the omega-6 market over the forecast period.

3. What is the projected market size & growth rate of the Omega-6 Market?
Ans. Omega-6 Market size was valued at US$ 5.82 Billion in 2022 and the total Omega-6 revenue is expected to grow at 9.10% through 2022 to 2029, reaching nearly US$ 10.72 Billion.

4. What segments are covered in the Omega-6 Market report?
Ans. The segments covered are Source Type, Application, and Region.