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2021
Omega 9 Market

Omega 9 Market by Type (Oleic Acid and Erucic Acid), Source (Canola Oil, Olive Oil, Mustard Oil, Nuts, Wallflower Seed, and Others), and Application (Dietary Supplement, Pharmaceutical, Emulsifying Agent, and Surfactant): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

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Omega-9 is a form of fatty acid that comes from a family of unsaturated fats, commonly found in animals and vegetable fats.  It is a monounsaturated fat type. It is known by the name - Omega-9 due to the double bond from the omega end is in the night position. Omega-9 is sometimes referred to as monounsaturated fat or oleic acid. These fatty acids are often found in sunflower, olive, canola, and nuts oil. Unlike omega-3 and omega-6 fatty acids, the omega-9 fatty acids yields in the body, but they are still beneficial, even if obtained in the food.

The richest source for consuming omega-9 fatty acids is from the foodservice oils like sunflower oil and canola oil. In addition, these oils source emerges as a healthier and highly functional replacement for the partially hydrogenated cooking oils that contain saturated fats and unhealthy Trans. While, the omega-9 rich cooking oil being a healthier alternative, contributes to reducing the factors causing heart diseases and diabetes. They also play a significant role in regulating metabolic activities and regulating cholesterol levels in the body.

Owing to the growing consciousness regarding a healthy lifestyle, the forecasters predict that the demand for omega-9 fatty acids in the diet will proliferate significantly over the forecast period.

Market Scope and Structure Analysis        

Report Metric

Details

 Market Size Available For Years

  2020–2030

 Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Units

  Value (USD)

  Segments Covered

  Type, Source, Application, and Region

  Regions Covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)

 Companies Covered

Omega-9 oils, Vibcare Pharma, Flexseed Oil, Dow Agro Science, Prakash Chemicals, Haihang Industry, Biovaxia Pharma, Cannoils, Nanjing Lepuz Chemical, Icelandirect Inc., Corteva, and Aryan International.

 

COVID-19 Scenario Analysis
The COVID-19 pandemic has positively affected the market for Omega-9 to some extent. 

  • The demand for nutraceuticals & functional foods is on rise as consumers prefer to have immunity-boosting and healthy food products under the pandemic situation. 
  • Furthermore, the decline in the consumption of meat, poultry, and seafood products across the globe is expected to increase the demand for plant-based supplements in the future.
  • However, halt in export-import activities and logistics slowdown has caused several production and supply problems to the manufacturers.  

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The major factors that drive the global omega-9 market are the growth in concerns regarding a healthy lifestyle and rise in preferences for a healthy diet. Omega-9 has many health benefits associated with its consumption. It holds application in the treatment of eyes, heart, brain, and hair. It is capable of reducing cardiovascular diseases, helps in lowering LDL cholesterol, and increasing HDL cholesterol, further eliminating plaque buildup in the arteries. Along with this, consumption of omega-9 reduces the chances of getting strokes and heart attacks, whose rates are rising, owing to the increase in improper eating habits, lack of exercise, smoking, and excessive intake of alcohol, which is likely to propel the omega-9 products demand in the global market. Another significant driver of the omega-9 is that it helps in gaining weight. Many athletes consume omega-9 in their regular diet to gain weight in a short time. According to a survey by WHO, in 2018, it was found that 460 million adults are underweight due to the deficiency of a specific acid in the body, which stimulates the market growth of the omega-9 market globally. 
However, over-consumption of omega-9 can lead to serious health issues like thrombocytopenia, which causes blood clots and breast cancer. Moreover, many people do not prefer the intake of supplements, which again hampers the growth of the omega-9 market globally. 
The Global Omega-9 Market Trends

  • In the North American region, the demand for omega-9 is led by Mexico and Canada. However, predictors anticipate that the omega-9 market in the U.S. is expected to grow considerably, owing to the rise in health consciousness as effects of poor eating habits, which causes various health and mental disorders like overeating, stress, and laziness. Manufacturers have introduced omega-9 products suiting the demand of consumers, which is anticipated to boost this market. 
  • In Europe, the demand for omega-9 is likely to witness a moderate growth owing to growing cardiovascular diseases. Omega-9 helps in lowering blood pressure, provides energy, lightens the mood, and reduces irritability due to exhaustion is reduces the chances of cardiovascular disorders. European Heart Network, in 2017, stated that 1.5 million deaths in the European Union and around 3.5 million deaths in Europe are due to cardiovascular diseases, which expands the omega-9 market. 
  • While, in Asia-Pacific, over-eating and depression are the primary causes of the significant growth rate experienced in the omega-9 market. China, India, and Japan are among the leading countries that are expected to witness a high demand for omega-9 during the forecast period.

Key Segments Covered

Segments

Subsegments

 Type

  • Oleic Acid
  • Erucic Acid

 Source

  • Canola Oil
  • Olive Oil
  • Mustard Oil
  • Nuts
  • Wallflower Seed
  • Others

 Application

  • Dietary Supplement
  • Pharmaceutical
  • Emulsifying Agent
  • Surfactant
  • Others

 

Key Benefits of the Report

  • This study presents the analytical depiction of the global omega-9 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 global omega-9 market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the global omega-9 market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global omega-9 market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Omega-9 Market Research Report

  • Which are the leading players active in the omega-9 market?
  • What are the current trends that 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?
 
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