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2022
Omega 6 Market

Omega 6 Market by Source (Soybean Oil, Sunflower Oil, Rapeseed Oil, and Sesame Oil), Application (Dietary Supplements, Animal Feeds, Pharmaceuticals, and Food & Beverages), Distribution Channel (Direct And Indirect): Global Opportunity Analysis And Industry Forecast, 2021–2030

A15540
Pages: NA
Jul 2022 | 197 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The omega 6 market is experiencing a significant growth, and will grow considerably in next few years. Omega 6 Market size is likely to grow over some coming years owing to the rising awareness of their health benefits. These products are widely utilized in pharmaceuticals, food supplements and beverages. Omega 6 fats are present in refined vegetable oils, vegetable oils cooked food, and nuts & seeds. They offer medicinal benefits such as strengthening the immune system, ensuring brain development, and regulating blood pressure.

COVID-19 Impact analysis

  • The consumers are shifting towards being health conscious and are looking for good and healthier foods and nutrients and omega 6 accounts for one of them. So, the increase in the demand during COVID-19 can be witnessed.
  • In the short term, the market demand will show Superior growth due to the increase in infections and reduced economic activity.
  • However, the fact cannot be ignored that the spread of COVID-19 led to the lockdowns and supply chain disruptions and created problems in supply of the product

Top Impacting Factors

  • The growing demand for omega-6 in various industries like the pharmaceutical industry and food industry is the main factor for the growth of omega-6. Likewise, the growing awareness about their pharmaceutical benefits and increasing demand to adopt a healthy lifestyle also helps as one main driver for the global omega-6 market.
  • However, the increasing usage of dietary supplements to improve growth and fulfill the deficiency of vitamins and nutrients in the diet. Also, diet modification, innovative production technologies, rapid-urbanization, and liberalization of foreign direct investment are thrilling the growth of the global omega-6 market.
  • The lack of transparency among consumers about daily recommended intake and low fish oil supply due to sustainability issues amongst fisheries is the main restraint for the growth of the omega-6 market. Also, new players are facing competition from the present global players as they struggle with quality issues, reliability, and technological innovations.

Market Trends

Rise in health-conscious consumers and its benefits

Omega 6 are termed as “essential” fatty acids as they ensure growth & repair and are used to make other fatty acids, whose deficiency can lead to sickness, poor susceptibility to diseases, and poor wound healing affinity. They contribute to structure and function of cell membranes and play an important part in the regulation of genetic activity inside the cell. Omega 6 are widely used in dietary supplements to enhance growth and fulfil deficiency of vitamins & nutrients in the diet. They are present in the form of hard & soft gels, powders, chewing capsules and have the capability to cure various diseases

Regional analysis

North America held the largest market share of the global omega-6 market in 2019, thanks to the rising demand for dairy products from the countries like U.S., Mexico, and Canada. Dairy products provide nutritional values and benefits that relieve pain and provide an alternative solution for the person, who is suffering from mental disorders and surgery.

Europe is expected to grow at a highest rate, thanks to an increase in the demand from the pharmaceutical industry in European countries such as France, Italy, UK, and Germany. For Instance, Chia seeds are a proven source of omega-6 and Germany is the largest importer of chia seeds in Europe because of their nutritional and health properties.

Asia-Pacific is expected to generate significant growth opportunities throughout the forecast period, because of the growing demand from consumers due to the moving standard of living in Asia-Pacific. Also, the key economics of the Asia-Pacific such as China, India, and Japan have large areas for agriculture and production of high-fiber plants and oilseeds, which is the main source for omega-6 ingredients.

Key Benefits of the Report

  • This study presents the analytical depiction of the Omega 6 industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Omega 6 market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Omega 6 market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Omega 6 market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Who are the leading market players active in the Omega 6 market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is " Omega 6 " Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the " Omega 6 " Market?

Key Market Segments

Segments Sub-segments
By Source
  • Soybean oil
  • Sunflower oil
  • Rapeseed oil
  • Sesame oil
By Application
  • Dietary Supplements
  • Animal Feeds
  • Pharmaceuticals
  • Food and Beverages
By Distribution Channel
  • Direct
  • Indirect
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key Market Players

  • BASF SE
  • Merck KGaA,
  • Omegavia
  • Cargill, Incorporated
  • Innovix Pharma Inc.
  • Nordic Naturals, Inc.
  • DSM
  • Corteva
  • NOW Foods
  • ADM
  • NutriGold, Inc.,
  • Dow
  • GlaxoSmithKline plc.
  • Vital Choice Wild Seafood & Organics
  • Croda International Plc.
  • Carlson Labs
  • KD Nutra
  • Pharma Marine AS
 
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