USD 17.1 billion
Report ID: SQSG30I2044 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 69 | Figures: 75
Fats & Fatty Acid In Human Nutrition Market size was valued at USD 17.1 billion in 2021 and is poised to grow from USD 18.54 billion in 2022 to USD 38.31 billion by 2030, growing at a CAGR of 8.4% in the forecast period (2023-2030).
The market is expected to expand due to the rising use of fatty acids in the personal care industry. In the cosmetics business, fatty acids are revolutionary emollients that are used to nourish and soothe the skin. Fatty acids are employed in a variety of skin-care products such as lipsticks and shampoos, as well as as a dietary supplement in the pharmaceutical business. Furthermore, there is an increase in health consciousness, such as obesity, among consumers worldwide. Fatty acids are carboxylic acids that are primarily formed by the hydrolysis of triglycerides (TGs), which are uncharged glycerol esters. It is required for the formation of lipids (fat-soluble components of living cells) in animals, plants, and microbes. It is available in two varieties: mono saturated and poly saturated fatty acids.
US Fats & Fatty Acid In Human Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 17.1 billion
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Global Fats & Fatty Acid in Human Nutrition Market is segmented based on Type, Application, and Region. Based on the Type, the global Fats & Fatty Acid In Human Nutrition Market is segmented as Saturated fats, Trans fats, Monounsaturated fats, and Polyunsaturated fats (Omega 3, Omega 6, Omega 7, Omega 9). Based on the Application, the global Fats & Fatty Acid In Human Nutrition Market is segmented as Dietary Supplements, Functional Nutrition, Sports Nutrition, and Infant Nutrition. Based on Region, Fats & Fatty Acid In Human Nutrition Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Fats & Fatty Acid In Human Nutrition Market Analysis by Type
In terms of type, polyunsaturated fats accounted for more than 40% of the market in 2021 and are projected to maintain a similar trend over the forecast period. owing to rising demand from the nutrition industry, the global fats and fatty acid in human nutrition market is likely to expand rapidly throughout the forecast period. In the personal care business, it is often used as an emulsifier and thickening agent. Excessive use of fatty acids is expected to have a detrimental health impact, and hampered fats and fatty acid in human nutrition market growth throughout the predicted period. Growing applications of fatty acids in dietary supplements and nutraceuticals provide the potential for market players.
With increased health consciousness, omega fatty acid supplements are becoming more popular. Omega fatty acids, which are abundant in fish oils, are essential components of the human body. Omega-3 supplements can help reduce rheumatoid arthritis symptoms and can also be utilized as dietary supplements or medical supplements. The usage of Omega-3 and Omega-6 fatty acids helps to battle illnesses and enhance cardiovascular health, promote healthy metabolism, decrease pain and inflammation in joints, raise optimal brain function, and so on. According to the World Health Organization (WHO), 17.9 million people die each year because of cardiovascular illnesses. As a result, increased health consciousness, particularly for heart problems, is likely to boost the fats and fatty acid in human nutrition market.
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North America will control more than 30% of the global market by 2028. The area is seeing substantial growth in consumer awareness due to the competitive strategies adopted by global corporations. Demand from countries such as the United States, China, and Australia are helping to support global growth. The growing population, together with greater disposable income and a higher standard of living, is expected to drive regional market growth.
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Fats & Fatty Acid In Human Nutrition Market Driver
The Growing Need for Nutritional Care Products Will Drive The Fractionated Fatty Acid Market
Fats & Fatty Acid In Human Nutrition Market Restraint
The Biological Repercussions of Fatty Acid Insufficiency Are A Significant Restriction In The Fatty Acids Industry
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According to the Fats & Fatty Acid in Human Nutrition Market report, market titans are implementing new methods to push market value by focusing on collaboration, marketing, the introduction of a new product, and new technical breakthroughs. Because of their vast global reach and dependable distributed systems, the industry's leaders dominate. To withstand the rivalry, these firms focus on various business techniques, such as negotiating long-term supply deals with many distribution channels. Significant corporations have increasingly concentrated on entering Southeast Asian markets throughout the years due to the availability of a target client base in the region.
Fats & Fatty Acid In Human Nutrition Market Top Player's Company Profiles
Fats & Fatty Acid In Human Nutrition Market Recent Developments
SyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Market Analysis, Fatty acids are essential for the development of cardiovascular and cognitive functions, and research into them has increased significantly. A recent study showed a probable relationship between omega-3 fatty acid intake and polycystic ovarian syndrome (PCOS) in women. As the health advantages of fatty acid pills become more apparent, their use has expanded. Fatty acids are employed in numerous therapies, from mental health to cognitive function upgrades, and demand for them is predicted to shift dramatically as research progresses in the next few years.
|Market size value in 2021||USD 17.1 billion|
|Market size value in 2030||USD 18.54 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
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For the Global Fats & Fatty Acid In Human Nutrition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fats & Fatty Acid In Human Nutrition Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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