The global Omega 9 market is likely to be driven by rising demand for omega 9 acids in the food & beverage as well as pharmaceutical industries.
Covid-19 Impact & Market Status
To some extent, the COVID-19 pandemic has benefited the Omega-9 business. The demand for nutraceuticals and functional meals is increasing as people seek immunity-boosting and nutritious food items in the face of a pandemic. Furthermore, the global decline in poultry, meat, and fish consumption is expected to increase future demand for plant-based supplements. However, the stop in export-import activity and the delay in logistics have generated many production and supply issues for industries.
Olive Oil Type Segment is Likely to grow with the Majority of Share
The olive oil segment is predicted to develop at a steady rate in the coming period. Olive oil has grown in popularity among customers over the years, particularly among those wanting to lose weight or maintain a healthy weight. It is believed to reduce the incidence of stroke, heart disease, and cardiovascular disorders in addition to assisting with weight reduction. Consumption of olive oil will continue to rise in the future years, favourably improving the market forecast.
The Dietary Supplement Segment is Likely to Grow with the Majority of Share
The dietary supplement segment is predicted to provide the most revenue in the global omega 9 business in terms of applications. As consumers become more concerned about their health and well-being, the demand for and consumption of various forms of health supplements has surged tenfold in recent years. Since the coronavirus epidemic, people have been paying more attention to foods and supplements that boost immune system health. Similar patterns may be seen in the next years, which will almost probably increase the demand for omega 9 supplements.
North America is expected to be a High Growth Rate in the near Future
Geographically, the North American omega 9 industry will see significant growth by the end of the projection period, owing primarily to the incidence of heart disease. With the rising prevalence of lifestyle illnesses and growing health concerns, consumer demand for heart-healthy goods is on the rise. To capitalize on rising market demand, regional food, beverage, and supplement companies are developing omega-3, omega-6, and omega-9-rich products.
Increasing consumer awareness about omega 3 benefits, as well as altering dietary habits, will help to boost the omega 9 market forecast.
Omega-9 is a kind of fatty acid that is present in animal and vegetable fats and belongs to the unsaturated fat family. It is classified as a monounsaturated fatty acid. It is called Omega-9 because the double bond from the omega end is in the night position. Monounsaturated fat, or oleic acid, is another name for omega-9. These fatty acids are abundant in sunflower, olive, canola, and nut oils. Omega-9 fatty acids, unlike omega-3 and omega-6 fatty acids, are not generated by the body, although they are nonetheless useful if taken. The global Omega 9 market is expected to reach USD 3 billion by the end of the forecast period, growing at a CAGR of xx%.
Foodservice oils such as sunflower oil and canola oil are the highest sources of omega-9 fatty acids. Furthermore, these oil sources emerge as a better and more functional substitute for partly hydrogenated cooking oils, which include saturated fats and harmful fats. While omega-9 rich cooking oil is a better choice, it helps to reduce the elements that cause heart disease and diabetes. They also play a vital role in the regulation of metabolic processes and cholesterol levels in the body. Forecasters estimate that demand for omega-9 fatty acids in the diet would increase considerably throughout the projection period due to a growing awareness of a healthy lifestyle.
The primary drivers driving the global omega-9 market are an increase in worries about living a healthy lifestyle and an increase in preferences for a healthy diet. Consumption of Omega-9 provides a plethora of health advantages. It can be used to treat the heart, brain, hair, and eyes, among other things. It can help reduce cardiovascular disease by lowering LDL cholesterol and boosting HDL cholesterol, as well as removing plaque formation in the arteries.
Furthermore, omega-9 consumption lowers the risk of strokes and heart attacks, which are becoming more common as a result of poor eating habits, lack of exercise, smoking, and excessive alcohol use, which is expected to drive the demand for omega-9 products in the global market. Another important driver of omega-9 is that it aids in weight growth. To gain weight rapidly, many athletes incorporate omega-9 in their regular diet. Overconsumption of omega-9, on the other hand, can create major health problems such as thrombocytopenia, which produces blood clots, and breast cancer. Furthermore, many individuals dislike taking supplements, which slows the global growth of the omega-9 market.
Our competitive landscape research of the Omega 9 market will include a firm's assessment of market competition, including an overview, business description, product portfolio, key financials, and so on. There are also market probability scenarios, a PEST analysis, Porter's Five Forces analysis, a supply-chain analysis, and market development plans. Omega-9 oils, Flexseed Oil, Vibcare Pharma, Dow Agro Science, Haihang Industry, Corteva, Prakash Chemicals, Biovaxia Pharma, Nanjing Lepuz Chemical, Cannoils, Icelandirect Inc., and Aryan International are some prominent players in the industry.
Latest Innovations in the Global Omega 9 Market: a Snapshot
- Frutarom Industries Ltd., an Israeli firm specializing in the production and distribution of food flavors, spices, and perfumes, bought Enzymotec Ltd. in February 2018 for an unknown sum. Frutarom Industries Ltd. was able to improve its goods such as infant formula, medications, nutritional supplements, and elderly clinical nutrition as a result of the purchase. Enzymotec Ltd. is an Israeli firm that develops, manufactures, and markets nutritional ingredient products.
- In May 2021, Devenish, a Northern Ireland animal nutrition firm, and Mara Renewables Corporation, a Canadian corporation, are launching Humanative, a new joint venture targeted at increasing omega-3 consumption in the world population's diet.
The market analysis's purpose is to give dependable research on the global Omega 9 market. The report demystifies complex data and depicts the industry's present and historical status, as well as expected market trends and size. The study examines all aspects of the industry, including a thorough examination of major businesses such as market investors, leaders, and new entrants.
Omega 9 Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 3 billion|
|Growth Rate||CAGR of xx% during 2021-2028|
|Segment Covered||Type, Source, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Omega-9 oils, Flexseed Oil, Vibcare Pharma, Dow Agro Science, Haihang Industry, Corteva, Prakash Chemicals, Biovaxia Pharma, Nanjing Lepuz Chemical, Cannoils, Icelandirect Inc., and Aryan International|
Key Segments of the Global Omega 9 Market
Type Overview, 2018-2028 (USD Billion)
- Erucic Acid
- Oleic Acid
Source Overview, 2018-2028 (USD Billion)
- Canola Oil
- Mustard Oil
- Olive Oil
- Wallflower Seed
Application Overview, 2018-2028 (USD Billion)
- Emulsifying Agent
- Dietary Supplement
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa