In the world economic growth, the Essential Fatty Acid industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Essential Fatty Acid market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Essential Fatty Acid market size will be further expanded, we expect that by 2024, The market size of the Essential Fatty Acid will reach XXX million $.
Essential fatty acids (EFAs) are fatty acids that are fatty acids required for biological processes. Alpha-linolenic acid (an omega-3 fatty acid) and linoleic acid (an omega-6 fatty acid) are the only two fatty acids that are known to be essential for humans. EFAs cannot be synthesized within the human body and are obtained from the various external sources such as plants, vegetable oils, nuts & seeds, animal fats and others.
Increasing prevalence of chronic diseases is expected to propel growth of the global essential fatty acids market over the forecast period. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S. Moreover, increasing health awareness is also expected to aid in growth of the market. For instance, The American Heart Association and the World Health Organization recommend a diet high in Omega-3 essential fatty acids.
Availability of GMP certified products is expected to propel growth of the market. For instance, in March 2019, OLVEA Fish Oils and OLVEA Green Technologies obtained the GMP+ certification; GMP+ B2 for eco-refinery and GMP+ B1 for OLVEA Fish Oils. Similarly, in October 2019, Omega Protein Corporation announced that the Gulf menhaden fishery was certified as sustainable against Marine Stewardship Council (MSC) standards. Increasing launch of online distribution channels is also expected to aid in growth of the market. For instance, in October 2018, Lysi hf launched online shop for its health products.
Major players in the market are focused on adopting organic strategies to enhance their market share. For instance, in April 2019, LYSI hf started a new plant for drying fish heads. Similarly, in January 2018, Cargill, Inc. started its first feed mill dedicated to fish species in India.
Key Takeaways:
- Increasing prevalence of chronic diseases to augment growth of the global essential fatty acids market over the forecast period
- Increasing health awareness is also expected to aid in growth of the market
- Major players operating in the global essential fatty acids market include, BASF SE, FMC Corporation, The Dow Chemical Company, Koninklijke DSM NV, Enzymotec Ltd., Croda International Plc, Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, Cargill, Inc., Arista Industries Inc., Nutrifynn Caps, Inc., Sea Dragon Ltd., Lysi hf., GC Rieber Oils AS, Bizen Chemical Co. Ltd., Maruha Nichiro Corporation, Olvea Fish Oils, Arctic Nutrition AS, and Golden Omega
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
✑ BASF SE
✑ FMC Corporation
✑ The Dow Chemical Company
✑ Koninklijke DSM NV
✑ Enzymotec Ltd.
✑ Croda International Plc
✑ Omega Protein Corporation
✑ Aker BioMarine AS
✑ Polaris Nutritional Lipids
✑ Cargill, Incorporated
✑ Arista Industries
✑ Nutrifynn Caps, Inc.
✑ Sea Dragon Ltd.
✑ Lysi hf.
✑ GC Rieber Oils AS
✑ Bizen Chemical Co. LTD
✑ Maruha Nichiro Corporation
✑ Olvea Fish Oils
✑ Arctic Nutrition AS
✑ Golden Omega
Section 4: Region Segmentation
✑ North America Country (United States, Canada)
✑ South America
✑ Asia Country (China, Japan, India, Korea)
✑ Europe Country (Germany, UK, France, Italy)
✑ Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
✑ Omega-3 Fatty Acid
✑ Omega-6 Fatty Acid
✑ Omega-7 Fatty Acid
✑ Omega-9 Fatty Acid
Industry Segmentation:
✑ Food and Beverages
✑ Pharmaceutical
✑ Cosmetics
✑ Feed
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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