Omega-6 Fatty Acids Market: Global Industry Analysis and Forecast (2023-2029)

The Global Omega-6 Fatty Acids Market has demonstrated consistent growth, which is anticipated to continue in the near future. The market was valued at $5.38 billion in 2022 and is expected to reach $11.34 billion by 2029, expanding at a compound annual growth rate (CAGR) of 11.24 percent.

In recent years, the global demand for omega-6 fatty acids has increased due to a greater consciousness of the health benefits associated with them. Omega-6 fatty acids are essential fatty acids that the human body cannot produce and must obtain through diet or supplementation.

The report analyses the market for omega-6 fatty acids from multiple segment, including product type, source, application, and region. Based on product type, the market is divided into linoleic acid (LA), gamma-linolenic acid (GLA), dihomo-gamma-linolenic acid (DGLA), and arachidonic acid (AA).

The report also discusses the various sources of omega-6 fatty acids, which include vegetable oils, nuts, seeds, and animal products. The omega-6 fatty acid market is dominated by vegetable oils, with soybean oil being the most widely used oil for omega-6 production.
The report also examines the application of omega-6 fatty acids in industries such as food, pharmaceuticals, and personal care. The food industry is the largest consumer of omega-6 fatty acids, with the rising demand for healthy and functional foods driving market expansion.

The report provides an in-depth analysis of the omega-6 fatty acid market in North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Due to the growing demand for omega-6 fatty acids from the food and pharmaceutical industries, Asia-Pacific is expected to dominate the market in the coming years.To know about the Research Methodology :- Request Free Sample Report
Omega 6 Fatty Acids Market Dynamics
The market for omega 6 fatty acids is anticipated to reach 540,518 metric tonnes by the end of 2029, up from an estimated 160,021 metric tonnes in 2022(by volume). Increasing awareness of the health benefits of omega 6 fatty acids is one of the most important growth drivers for this market. Omega 6 fatty acids are vital to the proper functioning of the human body and have been proven to decrease the risk of cardiovascular disease, diabetes, and obesity. In addition, the rising prevalence of chronic diseases such as cancer and arthritis is anticipated to increase demand for omega 6 fatty acids, which are known to have anti-inflammatory properties.

The report on the omega 6 fatty acid market contains an in-depth analysis of the factors driving this market's growth. It provides insights into the rising health consciousness among individuals, which is driving the demand for health-promoting products.
In addition, the growing demand for functional foods and dietary supplements is anticipated to benefit the omega 6 fatty acid market. Omega 6 fatty acid-containing functional foods and dietary supplements are in high demand due to the increasing number of health-conscious individuals. Along with that, the increasing prevalence of vegan and vegetarian lifestyles is anticipated to increase demand for plant-based omega 6 fatty acid sources. However, the market faces a few challenges such as a limited supply of raw materials and high production costs. In addition, a lack of knowledge regarding the recommended daily intake of omega 6 fatty acids and their possible side effects could hinder market expansion.

The report highlights rising consumer spending on functional foods and dietary requirements, which is increasing demand for omega 6 fatty acids as supplements and food ingredients.

The purpose of the report is to provide valuable information to stakeholders, such as manufacturers, suppliers, distributors, and investors, to assist them in making informed decisions.
Omega-6 Fatty Acids Market Trends
The market for omega 6 fatty acids is influenced by a number of market trends that are shaping its growth trajectory. Increasing demand for functional foods and dietary supplements containing omega 6 fatty acids is one of the key trends. As consumers become increasingly health-conscious, they seek out products that offer additional health benefits.

The development of innovative omega 6 fatty acid-containing products is an outcome of technological progress, which is another significant development. Market leaders are investing heavily in research and development in order to introduce new and innovative products that can meet consumers' changing needs. The purpose of these investments is to create products that are more effective, have fewer side effects, and are affordable to consumers. In the coming years, these developments are likely to spur the expansion of the omega 6 fatty acid market.

Government initiatives promoting healthy eating habits and raising awareness of the benefits of omega 6 fatty acids also contribute to market expansion. Governments across the globe are implementing initiatives to educate consumers on the significance of a balanced diet and the role of omega 6 fatty acids in preserving good health. This trend will likely continue as governments place a greater emphasis on preventive healthcare.

In terms of application, the animal feed segment will account for a xx% share of the market through 2032. This is due to the changing perception of pet owners towards pet foods containing functional ingredients that add nutrients that boost the immune system. The report on the omega 6 fatty acid market contains a survey of pet owners that reveals that 69% of them are likely to purchase products with optimised nutrient levels that improve immune health. This valuable insight provides a glimpse into the preferences of pet owners and highlights the growing demand for pet food products that offer additional health benefits. The survey is included in the report, which offers a comprehensive analysis of the omega 6 fatty acid market strategies.The animal feed industry is shifting towards functional ingredients to accommodate owners' shifting preferences and priorities, a trend that is expected to boost the industry's outlook.

The report on the omega 6 fatty acid market addresses recent industry trends and developments, providing stakeholders with valuable insights on the market's present scenario.It also provides an overview of recent industry trends and developments, allowing stakeholders to stay on top of the most recent market developments. The purpose of this report is to provide a comprehensive analysis of the omega 6 fatty acid market so that stakeholders can make intelligent choices.MMR Consumer Survey 2022: Despite the fact that two-thirds (66%) of survey respondents feel financially constrained, 80% plan to maintain or increase their spending on health and fitness-related areas such as exercise classes and vitamins and supplements like Omega 6 Fatty Acids over the next year.
Omega 6 Fatty Acids Market Segmentation
The following factors are covered in the report to segment the global omega-6 fatty acid market:

By Source: Sources of omega-6 fatty acids include vegetable oils (such as sunflower, soybean, rapeseed, and palm oil), nuts (such as walnuts and pecans), and seeds (such as sesame and pumpkin).The segmentation based on source enables businesses to identify the primary sources of omega-6 fatty acids, consumption patterns, and market trends that can help companies to better understand the market and tailor their product offerings accordingly

By Application: The market is segmented according to the applications of omega-6 fatty acids, which include food and beverages, dietary supplements, pharmaceuticals, personal care products, and animal feed.

By Form: The market is segmented according to the forms of omega-6 fatty acids, which are liquid, capsules, and powder. The detailed analysis covered in the report enables businesses to understand the specific preferences and needs of consumers based on the ease of use, convenience, and desired dosage form.

By Type: The types of omega-6 fatty acids, include linoleic acid (LA), gamma-linolenic acid (GLA), dihomo-gamma-linolenic acid (DGLA), and arachidonic acid (AA). Their market demand varies based on their specific applications and end-use industries which is covered in the report.

Based on the specific sources, application, end-use industry and types of omega-6 fatty acids, these segmentations provide businesses with a greater understanding of market dynamics and demand patterns. The report covers the detailed analysis of each segmentation. This provides the businesses to identify emerging market opportunities, create targeted product offerings, and gain a market advantage.
Omega 6 Fatty Acid Market Regional Insights
North America: The omega-6 fatty acids market in North America is anticipated to grow significantly due to rising awareness of the health benefits of omega-6 fatty acids, particularly in the United States. The market is primarily driven by the rising demand for omega-6 fatty acids as a functional ingredient in the food and beverage industry. In addition, the increasing vegan population in the region has increased demand for plant-based omega-6 fatty acid sources.

Europe: The omega-6 fatty acids market in Europe is anticipated to expand due to the rising demand for omega-6 fatty acid-containing dietary supplements, functional foods, and infant formulas. The region's stringent regulations on the use of omega-6 fatty acids in food and pharmaceuticals may hinder the growth of the market. However, the region's demand for omega-6 fatty acids is anticipated to increase due to the ageing of the population and rising health concerns among consumers.

Asia Pacific: The demand for functional foods and dietary supplements containing omega-6 fatty acids is anticipated to drive significant growth in the omega-6 fatty acids market in Asia Pacific. The growth of the market is driven primarily by the rising disposable income of the middle class and the expanding health and wellness trend in the region. In addition, the prevalence of chronic diseases such as cardiovascular disease, diabetes, and cancer has increased the demand for omega-6 fatty acids in the region.
South America: Due to the rising demand for functional foods and dietary supplements, the omega-6 fatty acids market in Latin America is anticipated to grow. Consumers' growing health consciousness and the region's ageing population are expected to drive the market's expansion. Lack of awareness regarding the health benefits of omega-6 fatty acids and the low per capita consumption of dietary supplements in the region may limit the market's growth.

Middle East & Africa: The omega-6 fatty acids market in the Middle East & Africa is anticipated to experience moderate growth due to the rising demand for omega-6 fatty acid-containing dietary supplements and functional foods. The region's increasing healthcare expenditures and growing awareness of the health benefits of omega-6 fatty acids are anticipated to fuel the market's expansion. However, the lack of raw materials for the production of omega-6 fatty acids and the region's low per capita income may limit the growth of the market.

The report provides a comprehensive analysis of the omega-6 fatty acids market in North America, Europe, Asia-Pacific, South America and Middle East & Africa covering all the key metrics such as market size, market share, growth rate, regulatory landscape, and competitive landscape.
Omega 6 Fatty Acids Market Competitive Landscape
The competitive landscape section of the omega-6 fatty acids report provides a comprehensive analysis of the key market participants. The report examines the company profiles, product portfolios, financial performance, SWOT analysis, and most recent developments of the market's leading competitors.

BASF SE, Koninklijke DSM N.V., Croda International Plc, Omega Protein Corporation, Archer Daniels Midland Company, Cargill, FMC Corporation, and GC Rieber Oils are among the market leaders in omega-6 fatty acids.

These players are concentrating on product development, mergers and acquisitions, partnerships, and collaborations in order to increase their market share and position. In addition, these companies are investing in research and development to create new omega-6 fatty acid products with enhanced functionalities and to meet the evolving needs of consumers.

In October 2022, CoreFX Ingredients and Natures Crops collaborated to launch 70GA Dry Ahiflower Oil, a new plant-based Omega powder. The product is Nature Crops' proprietary seed oil, and it is the only natural plant source with more biologically advanced omegas.The report also includes a competitive analysis of the market's emerging players, including their market share, growth strategies, and future outlooks. The report is a useful resource for investors, businesses, and other market participants seeking to enter or expand their presence in the omega-6 fatty acids market.
Omega 6 Fatty Acids Market Scope: Inquire before buying



Omega 6 Fatty Acids Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 5.38 Bn.


Forecast Period 2023 to 2029 CAGR:
11.24%
Market Size in 2029:
US $ 11.34 Bn.


 Segments Covered:
by Source
Vegetable oils (sunflower, soybean, rapeseed, sesame and palm oil),
Nuts ( walnuts and pecans),
Seeds (sesame and pumpkin).


by Application
Food and beverages
Dietary supplements
Pharmaceuticals
Personal care products
Animal feed


by Form
Liquid
Capsules
Powder


by Type
Linoleic acid (LA)
Gamma-linolenic acid (GLA)
Dihomo-gamma-linolenic acid (DGLA)
Arachidonic acid (AA)



Omega 6 Fatty Acids 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)

Key Players

1. Archer Daniels Midland Company - United States
2. Cargill, Incorporated - United States
3. Eastman Chemical Company - United States
4. Ashland Global Holdings Inc. - United States
5. Dow Inc. - United States
6. DuPont de Nemours, Inc. - United States
7. FMC Corporation - United States
8. Huntsman Corporation - United States
9. International Flavors & Fragrances Inc. - United States
10. PPG Industries, Inc. - United States
11. BASF SE - Germany
12. Koninklijke DSM N.V. - Netherlands
13. Croda International plc - United Kingdom
14. Kerry Group plc - Ireland
15. Corbion N.V. - Netherlands
16. Royal Dutch Shell plc - Netherlands
17. Evonik Industries AG - Germany
18. Lonza Group AG - Switzerland
19. Givaudan SA - Switzerland
20. Wacker Chemie AG - Germany
21. Wilmar International Limited - Singapore
22. SABIC - Saudi Arabia
23. Sumitomo Chemical Co., Ltd. - Japan
24. Mitsui Chemicals, Inc. - Japan

FAQ

Q: What is the market size and growth rate of the omega-6 fatty acids market?
A: The market was valued at $5.38 billion in 2022 and is expected to reach $11.34 billion by 2029, expanding at a compound annual growth rate (CAGR) of 11.24 percent.

Q: What are the major applications of omega-6 fatty acids in the food and beverage industry
A: The major applications of omega-6 fatty acids in the food and beverage industry include bakery products, confectionery, sauces and dressings, infant formulas, and dietary supplements

Q: Who are the key players operating in the omega-6 fatty acids market, and what are their market shares and growth strategies
A: The key players operating in the omega-6 fatty acids market include BASF SE, Koninklijke DSM N.V., Croda International Plc, Omega Protein Corporation, Archer Daniels Midland Company, Cargill, Incorporated, FMC Corporation, and GC Rieber Oils. Their market shares and growth strategies vary based on their focus on product innovation, mergers and acquisitions, partnerships, and expansion into new regions.

Q: What are the future prospects and growth opportunities in the omega-6 fatty acids market?
A. The future prospects and growth opportunities in the omega-6 fatty acids market include increasing demand for plant-based omega-6 fatty acid sources, development of new technologies, and growing interest in personalized nutrition and functional foods.