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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.  

Key Segments

By Source

  • Marine
    • Fish
  • Terrestrial
    • Plants
    • Nut Oils
    • Flower Oils
    • Vegetable Oils

By Form

  • Powder
  • Gels
  • Oils
  • Others

By Utilizing Industry

  • Pharmaceuticals
  • Cosmetic & Personal Care Industry
  • Nutraceutical
  • Animal Feed

By Distribution Channel

  • Business to Business
  • Business to Consumers
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Pharmacy
    • Online Retails

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Omega-6 PUFAs Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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