Omega 3 Market, By Type (ALA, EPA, DHA, and Others), By Application (Supplement & Functional Foods,

Published Date: | Report Code : FA1948615

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Ability to fight depression and anxiety, improve mental disorders is expected to drive the growth of the omega 3 market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Omega 3 are fatty acids essential for humans; it is commonly found in fatty fish, flax seeds, walnuts, chia seeds, etc, Therefore, the people who do not consume enough of these foods require supplements of omega 3.

There has been an increase in the demand for omega 3-based products for counter health issues such as cardiovascular diseases, high blood pressure, age-related muscular degeneration, neurodegenerative diseases, etc.

Moreover, growing awareness about the benefits of omega 3 fatty acids globally due to effective advertising by major manufacturers is expected to fuel the growth of the market.

North America is expected to witness the highest demand for Omega 3 products due to the increased use of omega 3 in the pharmaceutical industry of this region.

The Asia Pacific region is expected to account for a significant share of the market due to the rising demand for the product, extensive consumption of fish oil on a daily basis, and the growing cultivation of krill fish in the Indian Ocean and the South China Sea, which is one of the main sources of omega 3. This market in the European region is expected to witness steady growth due to the rise in the aging population.

Key Factors Impacting Market Growth:

  • The rising number of health-conscious consumers
  • Ability to fight depression and anxiety, improve mental disorders
  • High doses resulting in a weak immune system

Regional Analysis:

This report segments the omega 3 market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for the omega 3 market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for the omega 3 market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

Asia Pacific is estimated to be one of the fastest-growing markets for omega 3 during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of the omega 3 market. The Middle East and the rest of the World are estimated to be emerging regions for the omega 3 market during the forecast period.

Companies Covered: 

Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS, and Polaris 

Market Segmentation:

By Type:

  • ALA (alpha-linolenic acid)
  • EPA (eicosapentaenoic acid)
  • DHA (docosahexaenoic acid)
  • Others

By Application:

  • Supplement & Functional Foods
  • Pharmaceuticals
  • Instant Formulas
  • Pet & Animal Feed

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Types
    • By Application
  • Western Europe:
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Types
    • By Application
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Types
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Types
    • By Application
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Types
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Types
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global omega 3 markets on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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