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Omega 6 Market Size
Omega 6 market size is expected to garner significant momentum between 2024 and 2032, driven by a positive application outlook in functional foods and beverages, animal feeds, and pharmaceutical products. Most consumers are focusing on adopting a healthier lifestyle, especially led by increased health concerns and rising cases of chronic illnesses. As per the WHO, by 2050, chronic diseases will account for 86% of the 90 million deaths each year.
Increasing awareness regarding the various health and medicinal benefits of omega-6 fatty acids, a renewed focus on health and immunity, and the high occurrence rate of various lifestyle diseases drive consumer interest in dietary supplements, favoring the market outlook.
Omega 6 Market Trends
There is a notable shift towards plant-based sources like soybean oil and corn oil. With increased awareness of omega-6 fatty acids' role in overall health, there's a focus on incorporating balanced ratios of omega-6 to omega-3 in diets. Moreover, technological advancements in extraction methods and product formulations are enhancing the quality and versatility of omega-6-rich products. The food industry's emphasis on clean labeling and sustainability is influencing sourcing practices and product innovation within the omega-6 industry.
Omega 6 Market Analysis
Based on the source, the sunflower oil segment will witness robust growth through 2032. Increasing consumer awareness of the various health benefits of sunflower oil is driving its consumption. Sunflower oil, rich in omega 3 and 6, can improve heart, skin, and hair health. Moreover, it can prevent cancer, asthma, arthritis, and other health problems, including lowering the blood pressure and stimulating weight loss.
In terms of application, the animal feed segment will account substantial revenue share by 2032, as pet owners are reevaluating their preferences towards pet foods containing functional ingredients designed to enhance the immune system. A recent pet owner survey by food giant DSM revealed that 69% of pet owners are likely to buy products offering optimized nutrient levels that improve immune system health. The animal feed sector is moving towards functional ingredients to keep up with owners' changing preferences and priorities, which should augment the industry forecast.
Europe omega 6 market is slated to increase exponentially by 2032. Growing product consumption in the region will be significantly influenced by rising consumer health awareness and a high prevalence of numerous lifestyle diseases. The WHO reports that more than 60 million individuals suffer from diabetes across the European region. Improved focus on health and wellbeing, growing awareness about the product benefits, and adoption of healthier lifestyle choices, particularly due to the coronavirus pandemic, will be key factors fostering the regional industry growth.
Omega 6 Market Share
Major players involved in omega 6 industry include.
- BASF
- Koninklijke DSM
- Millipore Sigma (Merck Group)
- Polaris Nutritional Lipids
- Aker Biomarine (Aker Seafoods Holding AS)
- OmegaVia
These companies are emphasizing on developing new functional foods, beverages, and dietary supplements rich in omega 6 to expand their brand popularity. Developing healthy, immunity-boosting animal foods is also a key area of focus for manufacturers.
Omega 6 Industry News
In October 2022, Natures Crops and CoreFX Ingredients joined forces to introduce 70GA Dry Ahiflower Oil, a new plant-based omega powder. The product is a proprietary seed oil from Nature Crops, and it is the only natural plant source to have more biologically advanced omegas.