Omega 9 market may witness steady growth owing to increasing focus on healthy eating. This product is widely utilized in pharmaceutical, animal feeds, and food industry. It is used to lower cholesterol levels as well as to promote healthy response to cases of body inflammation caused due to deficiency of omega 3 and omega 6.
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Omega 9 fatty acids belong to the family of unsaturated fatty acids which are common components of animal fat & vegetable oil. These fatty acids are known as oleic acid, or monounsaturated fats, and are found in canola, safflower, olive, mustard oil, & almonds. They play major role in regulating metabolic activities and regulate level of cholesterol in body. Increasing consciousness about benefits of healthy lifestyle and growing preference for healthy diet regimen are the primary drivers of product growth.
Omega 9 holds applications in treatment of hair, eyes, and heart. They are widely used to help reduce risk of cardiovascular disease, increase HDL cholesterol and decrease LDL cholesterol which help eliminate plaque buildup in the arteries. LDL causes strokes and heart attacks whose rates are increasing owing to improper eating habits, smoking, lack of exercise, and excessive intake of alcohol, which is likely to boost product demand.
Omega 9 is a versatile compound widely consumed by athletes in their diet to gain weight in short span of time. Underweighted is a sign of serious health problem; there are different things that can cause women to be underweight, including eating habits, health problems, and medicines which effects pregnancy. Omega 9 is vital for baby’s eye, brain, and heart development. They ensure healthier blood circulation in male reproductive organs. In 2018, World Health Organization surveyed that around 460 million adults are underweight owing to deficiency of specific acids in the body which is likely to stimulate market growth.
North America omega 9 market demand led by Canada, Mexico, and the U.S. is predicted to increase over the forecasted period owing to consciousness about a healthy lifestyle as effects of poor eating habits are leading to several health and mental disorders such as stress, overeating, and laziness. Regional food industries are introducing healthier product in their portfolio to overcome these challenges. Companies are responding to demand for healthy alternative by providing omega 9 with a healthier, more stable oil perfectly suited to both consumer health & food industry demands, which should boost product demand.
Europe driven by UK, Netherlands, Italy, France, and Germany omega 9 market size may witness moderate growth during forecasted period owing to growing cardiovascular diseases. Omega 9 reduces blood pressure thereby preventing cardiovascular diseases, these acids provide energy to help lighten mood, and reducing irritability due to exhaustion. In 2017, European Heart Network stated that each year around 3.5 million deaths in Europe and around 1.5 million deaths in European Union are caused owing to cardiovascular diseases, which is likely to expand omega 9 market size.
Asia Pacific omega 9 market demand led by China, India and Japan may see a significant growth owing to increased rate of depression and over-eating. Over-eating is a symptom of underlying health problem and it leads to weight gain. In 2016, around 100 million people in China suffered from different kind mental illness, among which, 15 million are severely affected. Eating disorders are at a rise in Japan owing to lack of support and stringent regulations to have perfect waist size for adults, which is predicted to stimulate product demand in the regional market.
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Consumption of omega 9 over a certain limit can cause serious health issues such as thrombocytopenia, which cause the blood to clot and breast cancer. Omega 9 are not essential is produced by human body unlike omega 3 and 6 which needs to be included in diet, moreover people do not prefer to take supplements, which is likely to hamper product growth.
Omega 9 market share is significantly consolidated with players are Vibcare Pharma, Biovaxia Pharma, Dow Agro Sciences, Cannoils, and Haihang Industry. Major companies provide their product under variety of brand names for exclusive use in foodservice & food manufacturing to boost product sales.