The main goal of fatty acid β-oxidation is to provide essential cofactors necessary for oxidative phosphorylation in mitochondria, contributing to adenosine triphosphate (ATP) production. The video explains different types of fatty acid oxidation in detail. TIMELINE: 0:10 Alpha oxidation of fatty acids 4:01 Beta oxidation of fatty acids 5:43 Omega oxidation of fatty acids 8:23 Peroxisomal oxidation of fatty acids