Polyunsaturated fatty acids or PUFAs are lipids that humans and other mammals cannot synthesize on their own and must be obtained from food. They play an important role in brain function as well as inflammatory reactions and are important components of cell membranes. Key PUFAs include omega-3 and omega-6 fatty acids. PUFAs find wide applications in various food products such as bakery, dairy, snacks, infant formula and others where they are used for their nutritional benefits. The global Polyunsaturated Fatty Acids Market is estimated to be valued at US$ 6.36 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
One of the key drivers for growth of the polyunsaturated fatty acids market is the increasing demand from food and beverage industry. PUFAs find wide usage in processed foods, bakery products and infant formula due to their associated health benefits. Omega-3 and omega-6 fatty acids are considered essential fatty acids that play an important role in brain and heart health. Growing health consciousness among consumers has fueled the demand for polyunsaturated fatty acid enriched foods. Furthermore, rising disposable income in developing countries has also contributed to increased consumption of packaged food products where PUFAs are commonly used. The polyunsaturated fatty acids market will continue witnessing high demand over the forecast period owing to growing applications in food industry.

SWOT Analysis
Strength: Polyunsaturated fatty acids (PUFAs) are healthier alternatives for consumers as they help lower the risk of heart diseases in three sentences. PUFAs have wide applications in food and beverages, pharmaceuticals, cosmetics and personal care industries in three sentences. Growing health consciousness among the consumers globally is expected to drive the demand for PUFAs products in three sentences.

Weakness: High development and production cost associated with PUFAs extraction processes are a challenge for manufacturers in three sentences. Supply chain issues due to lockdowns during the pandemic have affected the PUFAs market in three sentences.

Opportunity: Rising demand for Omega-3 fatty acids especially DHA and EPA from supplements, functional food and beverage industries offers major growth opportunities in three sentences. Growing prominence of preventive healthcare approaches is expected to boost the consumption of PUFAs globally in three sentences.

Threats: Intense competition from substitutes like monounsaturated fatty acids limits the growth potential of the PUFAs market in two sentences. Changing international regulations can hamper the PUFAs trade between countries in two sentences.

Key Takeaways

The Global Polyunsaturated Fatty Acids Market Size is expected to witness high growth.

The North American region currently dominates the global PUFAs market owing to the rising health consciousness and increasing demand for dietary supplements and functional foods. Factors like growing demand for plant-based and clean label foods rich in Omega-3 fatty acids will further fuel the regional market growth.

Key players operating in the Polyunsaturated Fatty Acids market are Advanced, Ariba, Inc. (SAP SE), Coupa Software Inc, GEP, Procurify, Sage Intacct, Inc. (The Sage Group PLC), Sievo, SutiSoft, Inc., TOUCHSTONE GROUP PLC, VA Tech Ventures Pvt Limited (Happay), and others.

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