Global Omega 7 Palmitoleic Acid Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Omega 7 Palmitoleic Acid Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global omega 7 palmitoleic acid market report has been segmented on the basis of application and region.
Global Omega 7 Palmitoleic Acid Market: Overview
Palmitoleic acid is a category of an omega-7 monounsaturated fatty acid, and is marine sources and found in plants. In recent times, it mainly obtained from Macadamia oil, which contains approximately 17% palmitoleic acid in it. Palmitoleic acid is an important fatty acid and is used in a wide range of pharmaceutical applications. Palmitoleic acid has many beneficial effects on, cholesterol metabolism, hemostasis, and insulin sensitivity. Omega-7 has strong anti-inflammatory property, improves cholesterol, helps in protecting heart, and aids in weight control, reduce the risk for diabetes. In addition, it also helps to relieve dry and irritated eyes.
Global Omega 7 Palmitoleic Acid Market: Dynamics
Rising awareness about cardiovascular healthcare is a key factor expected to drive the revenue growth of the target market over the forecast years. In addition, Increased expenditure on various nutritional supplements coupled with increasing awareness regarding its health benefits, increasing number of incidences and prevalence of lifestyle-related and chronic diseases, are some of the other factors expected to drive revenue growth of the global omega 7 palmitoleic acid market. Furthermore, rising concerns for dryness of eyes among the working population due to hectic workstyle and high usage of, laptops, smartphones, and personal computers at workplaces are among the factor, resulting in increasing demand for omega 7 palmitoleic acid. However, stringent regulatory policies and product recall owing to some contamination or defects are the factors that could hamper the growth of the target market to a certain extent.
Global Omega 7 Palmitoleic Acid Market: Segment Analysis
Among the application segments, cardiovascular health is expected to register the significant market share in terms of revenue, owing to the high adoption rate for the fortification of nutritional supplements in order to improve cardiovascular health conditions.
Global Omega 7 Palmitoleic Acid Market: Trends and Opportunities
Rising spending by the government of various countries on the health awareness campaigns and advertisements in print media, advertisements, and television channels. The objective of this is to spread awareness regarding medical and health benefits of omega 7 palmitoleic acid and various supplements among the population in order to reduce the global disease burden.
Global Omega 7 Palmitoleic Acid Market: Regional Analysis
In 2019, the market Europe is expected to register high revenue growth in terms of revenue. This is primarily attributed to higher awareness about natural ingredients and increasing adoption rate of these products by the cosmetic sector in countries in the region. The market in the Asia Pacific is expected to register the fastest CAGR in the target market over the forecast period. This is primarily due to, increasing consumer awareness about the benefits of omega 7 palmitoleic acid and well-established distribution channel. In addition, the key players in this region have formed strategic alliances with the major suppliers and distributors of nutraceutical supplements manufacturer in order to cater to growing consumer needs.
Global Omega 7 Palmitoleic Acid Market Segmentation:
Segmentation by application:
- Cardiovascular Health
- Sports Nutrition & Joint Health
- Personal Care
- Dry Eye Conditions
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Tersus Life Sciences LLC
- Aromtech Oy Ltd.
- EuroPharma, Inc.
- Organic Technologies
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