Polyunsaturated Fatty Acids Market Growth Accelerated by Rising Adoption in Food and Beverage Sector

 


Polyunsaturated fatty acids (PUFAs) are types of fatty acids that contain multiple double bonds. They play an important role in brain and eye health development. Rising usage of PUFAs in supplements, functional foods, and infant formula is expected to drive the polyunsaturated fatty acids market over the forecast period. PUFAs find application in various food products such as bread, biscuits, pizza, cakes, and others to enhance their nutritional value. They help reduce inflammation and improve cholesterol levels. 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 key trends:
Growing consumption of convenience and packaged food products among individuals has accelerated the adoption of PUFAs in the food and beverage sector. Food manufacturers are incorporating PUFAs in their products such as cereals, snacks, and baked goods to promote them as functional and nutritional. Increasing health consciousness and changing consumer dietary patterns have stimulated the demand for foods containing omega-3 and omega-6 fatty acids. Rising utilization of PUFA-fortified dairy products, juice, and infant formula has also created opportunities for market growth. Growing vegetarian and vegan populationbase has further boosted the usage of PUFAs derived from plant-based oils to meet the nutritional requirements of non-meat eaters.

Segment Analysis
The global polyunsaturated fatty acids market is dominated by the omega-3 fatty acids segment. Within the omega-3 segment, the docosahexaenoic acid (DHA) dominating sub-segment as it has well established applications in infant formula products. DHA has significant health benefits and is important for brain and eye development in infants, which has resulted in the growth of the DHA sub-segment.

Key Takeaways
The Global Polyunsaturated Fatty Acids Market Size is expected to witness high growth over the forecast period of 2023 to 2030.

The Asia Pacific region is expected to be the fastest growing regional market for polyunsaturated fatty acids due to rising health consciousness and increasing demand for dietary supplements in the region.

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.

For More Insights, Read: https://www.newswirestats.com/polyunsaturated-fatty-acids-market-size-share-and-growth-forecast-2023-2030/

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