North America is the largest market for fatty acids supplements globally, followed by Europe. In 2013, North America accounted for about 35% of the global consumption of omega-3 fatty acids.
New York, NY -- (SBWIRE) -- 04/15/2015 -- According to a new market report published by Persistence Market Research "The Global Market Study on Fatty Acids Supplements: Marine Oil Segment to Witness Highest Growth by 2020," the global Fatty Acids Supplements market was valued at USD 1,912.0 million in 2013 and is expected to grow at a CAGR of 13.1% from 2014 to 2020, to reach an estimated value of USD 4,477.8 million by 2020.
Browse the full Global Market Study on Fatty Acids Supplements: Marine Oil Segment to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/fatty-acids-supplements-market.asp
Increasing health awareness and medicinal benefits of fatty acids are major growth drivers for the global fatty acids market. In the last few years, certain health organizations found omega series fatty acids can aid the treatment of eye, hair, and heart diseases. Increasing consumer base and technology advancement in controlling oxidation (to maintain the quality, taste, and smell of food) in omega-3, omega-6, and omega-9 for improved taste are also expected to drive the demand for fatty acids supplements. Increasing baby boomers population is expected to drive the global fatty acids supplements market. According to the Population Division of the United Nations Department of Economic and Social Affairs (UN-DESA), there were 841 million people aged 60 and above in 2013 compared to 205 million in 1950. The number is projected to reach over 2 billion by 2050.
North America is the largest market for fatty acids supplements globally. In 2013, it contributed to around 35% of the global consumption of omega 3 fatty acids. A major factor contributing to the growth of the omega-3 market in Europe is the increasing level of awareness about omega-3 in the region. In the recent years, consumers have become more conscious of their diet intake. Asia Pacific is the fastest growing and emerging market for omega-3. Countries such as India and China have high birth rates, which may boost the demand for omega-3 ingredients in infant formula. Birth rate is maximum in India (around 22%), followed by China 12%, in the Asia Pacific region. Omega-3 fats are useful for improving vision and aiding cognitive development in infants. Increasing population and growing urbanization in China has led to the multifold growth of the fatty acids supplements market.
The fatty acids supplements market is bifurcated into source (marine oils, algal oils, and others) and application (dietary supplements, functional food and beverages, and others). The marine oils segment held the largest share of the overall market in 2013 at 102.7 million tons; and is expected to reach 235.4 million tons by 2020, at a CAGR of 12.7% for the period 2014 – 2020.
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Among the application segments, the dietary supplements sector (largest sector in 2013) increased by 8.5% CAGR during 2010 – 2013 to reach USD 1,204.5 million in 2013.
Among the regional segments, the North American fatty acids supplements market (largest market in 2013) increased by 9.2% CAGR during 2010 – 2013 to reach USD 688.3 million in 2013.
The global fatty acids supplements market is highly consolidated, with the top five companies holding around 75% market share. DSM leads the market, followed by Epax AS and Croda Health Care.
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