Consumers nowadays have become more aware about their health, hence they plan their fitness and diet regime accordingly. This new practice has not only helped improve the quality of living, but it has also paved way for the fatty acid supplements market to expand its operations globally. Fatty acids aid in the treatment of hair, eye, and heart diseases. With the increasing consumer base and evolution of the latest technologies to control oxidation in omega-9, omega-6, and omega-3 that maintain the taste and quality of the food, the market for fatty acid supplements is poised to grow exponentially.
The market is also anticipated to benefit from the increasing population of baby boomers. According to a survey conducted by the Population Division of the U.S. Dept. of Economics and Social Affair, almost 841 mn people were aged above 60 years in 2013, compared to 205 mn in 1950. The geriatric population above 60 years of age is likely to reach over 2.0 bn by 2050. Hence the fatty acids supplements market is anticipated to witness lucrative prospects in the near future.
New York City, New York, Jan 06, 2016: A market research study published by Persistence Market Research states that the global market for fatty acids supplements will benefit largely from the rising awareness about a healthy lifestyle and numerous medicinal benefits offered by fatty acids supplements to the global population. The report states that the market segment of marine oils, which held the largest share of the overall market, with a volume-wise demand for nearly 102.7 million tons in 2013, will develop at a healthy 12.7% CAGR between 2014 and 2020. By 2020, the demand for marine oils is expected to rise to 235.4 million tons.
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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.
Increasing awareness among consumers about health, diet, and fitness has helped improve lifestyles greatly. In the recent years, consumers have become more conscious of their diet intake. Fatty acids such as omega-3 offer various health benefits. Omega-3 fatty acids comprise of acidic contents such as Eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA) and alpha-linolenic acid (ALA). These acids are required for regular metabolic activities as the human body cannot synthesize these acids on its own. Omega-3 EPA/DHA content has the ability to reduce the level of unwanted cholesterol in the human body, thereby lowering the risk of coronary heart diseases and blood pressure disorders. Urban populations are more concerned about their lifestyle compared to rural populations. The lifestyle of the urban population is fast paced. Fast-paced lifestyle along with an aspiration to stay fit attracts people to omega-3 fatty acids. According to the United Nations, the urban population is expected to increase from 3.4 billion in 2009 to 6.3 billion in 2050. With urbanization increasing worldwide, this trend is expected to continue for a long period. Increasing health awareness and medicinal benefits of fatty acids are major growth drivers for the global fatty acids supplements market. In addition, 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.
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
North America is the largest market for fatty acids supplements globally. A major factor contributing to the growth of the omega-3 market in Europe is the increasing level of awareness about omega-3 fatty acids. 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 at 12% in the Asia Pacific region.