Global Omega-3 Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global omega-3 market in its upcoming report titled, “Global Omega-3 Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global omega-3 market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global omega-3 market report has been segmented on the basis of types, application, and region.
Omega-3 is a family of fats that are important for health, which are divided into alpha-linolenic-acid, eicosapentaenoic acid, and docosahexaenoic acid. Human body cannot prepare ALA (alpha-linolenic acid), so it needs to be consumed. EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid) are long-chain fats that can be made from ALA in our bodies.
Hectic lifestyle and improper diet has led to a number of chronic diseases such as diabetes and cancer. Increasing consumer awareness related to health benefits from consumption of omega-3 supplements is a major factor driving growth of the global omega-3 market. Increasing demand for functional food & beverages in developing and developed countries, and increasing demand for omega-3 in pharmaceuticals industry to treat coronary heart diseases such as strokes and heart attacks are other factors further expected to boost growth of the global omega-3 market over the forecast period.
Increasing investment by various companies to enhance manufacturing capacities, strengthen R&D activities for production of new products, increasing demand for production of infant formulas for development and better growth of infants, and increasing adoption of omega-3 fats in animal feed industry for providing improved diet animals are other important factors expected to further contribute growth of the target market over the forecast period.
However, excessive consumption of omega-3 leads to gastrointestinal disease such as diarrhea, fishy breath, stomach upset, and nausea, which is a major factor restraining growth of the global omega-3 market.
The market in North America is expected to dominate the global omega-3 market and account for highest share in terms of revenue, owing to increasing consumer demand for healthy food, and high demand for functional food & beverages in countries in the region. The market in Europe is expected to account for second-highest revenue share in the target market, owing to high demand for animal feed and presence of several market players in countries in the region. The market in Europe is followed by markets in Asia Pacific, Latin America, and Middle East & Africa.
Global Omega-3 market segmentation:
Segmentation by type:
- ALA (alpha-linolenic acid)
- DHA (docosahexaenoic acid)
- EPA (eicosapentaenoic acid)
Segmentation by application:
- Supplements & functional foods
- Infant formulas
- Pet & animal feed
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cargill Inc.
- FMC Corporation
- BASF SE
- Croda International Plc
- Koninklijke DSM N.V.,
- OLVEA Group
- Omega Protein Corporation
- GC Rieber Oils AS
- Luhua Biomarine (Shandong) Co., Ltd.
- Pharma Marine AS
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