Omega-6 PUFAs Market Forecast and CAGR
According to latest research by Transparency Market Research, omega-6 PUFAs market is set to witness steady growth during 2021-2031. Demand for omega-6 PUFAs will witness steady growth in short-term, with optimistic growth outlook in the long-run. Increasing demand from supplement & fitness industry would mean growth opportunities in near future, however, sales of omega-6 PUFAs in pet foods industry will provide momentum.
What is Driving Demand for Omega-6 PUFAs?
The increasing awareness about the key benefits that the omega nutrients have to offer to not just humans but other animals as well is the reason for its acceptance. The nourishments that this product offers are unmatched to other similar products. This can either be extracted or can be utilized in combination with other Omegas such as Omega 3 and omega 9.
Moreover, the increasing utilization in numerous industries is what is accelerating its market growth. The trends show a significant growth in its utilization from the past decade. The modern consumers with their hectic work-centric lifestylevs and increasing disposable income is what is driving its increased demands. Majority population is opting for supplements and dietary choices that are wholesome and maintains body.
Also, the increasing popularity of pets and the animal husbandry industries are also aiding to this product’s market growth. As more and more people are opting for adopting or buying pets the more is the increase in demand for their nutrition. Omega-6 PUFAs simply do not limit their use to just people but animals as well. Moreover, their origin from various sources do not limit their utilization to evolving diet choices.
Pet Food Industry Likely to Augment Omega-6 PUFAs Sales
The increasing popularity of having pets in households is a key factor that is aiding to the growth of this product’s marketplace. Especially among dogs the omega-6 PUFAs are an essential bodily requirement for reproduction, growth, immune function, skin as well coat health. Owing to its necessity the pet owners are trying to provide their pets with the best supplements possible.
Fitness Industry Recovery Likely to Grow Omega-3 PUFAs market
The one industry in which the omegas are increasingly utilized is the fitness and gymnastics industry. The athletes require these supplements to improve body metabolism, performance, etc. The marine derived are the most prescribed and utilized in form of fish oil. The increasing fitness trends and the need to look fair and young are what is enhancing the product’s sales.
China Omega-6 PUFAs Market Outlook
In a report published by the food and agriculture organization of the U.S. it is concluded that China is the top producer as well as exported of fish. According to the data in the report China in 2015 produced more than 60 Mn tons of fish, in which about 70% was produced from aquaculture and the rest were captured.
The raw material for the production of Omega-6 PUFAs is innumerably high and the technological availability as well as human resource are top class in the country.
The covid-19 pandemic did cast some hinderances and a decline in the usual fish consumption trend was observed as a result of circulating theories about the marine origin of the virus.
The post-pandemic trends indicate that the market has marked a significant growth per year and an average production growth rate of about 9% per year. But as the situation is improving and things getting back as they were the market is expected to observe a steady growth in the forecast period. The utilization of the product in the domestic market is also an optimistically anticipated growth trend.
U.S. Demand Outlook for Omega-6 PUFAs
The U.S. is the country with the most pet dog population and this brings opportunities for product manufacturers to introduce their pet supplements line in the country. The utilization of pet foods in the country is highest and this calls for the utilization of omega-6 as a pet nourishment and specially for dogs. The population trends are projected to increase given the impact of social media and hence the market for Omega-6 PUFAs as well.
The fitness industry in the country is also observing its glory days and the demand for dietary supplements in various food trends is what is accelerating the product’s market growth. Also, the increasing utilization in skincare & cosmetics which again is a growing market in the country is aiding to the product’s market growth. This makes it a lucrative business in the country.
Who are the Key Manufacturers and Suppliers of Omega-6 PUFAs?
Some of the leading manufacturers and suppliers of the product includes Merck KGaA, Nature’s Bounty, Solgar Inc., Simply Potent, Vitamin Discount Center, LLC., VitaStrength, Natural Med Lab, Sanar Naturals, GNC Live Well, 21ST Century HealthCare Inc., Puritan's Pride, Wonder Paws, The Veggie Doctor, Revival Animal Health, Pure Nutrition, The Hain Celestial Group, Inc., AU Natural Organics, Dechra, Purity Products, United Nutritionals, and others.
The key players today are aiming at investing in research and development to uncover more utilizations of this product. They are also signing endorsement bonds with athletes to market their products. And also, the utilization of social media platforms under organic labels is trending in the industry.
- Nut Oils
- Flower Oils
- Vegetable Oils
By Utilizing Industry
- Cosmetic & Personal Care Industry
- Animal Feed
By Distribution Channel
- Business to Business
- Business to Consumers
- Specialty Stores
- Online Retails
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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