Omega-3 is a family of essential fatty acids that plays a crucial role in human diet. Human body cannot produce omega-3s on its own. The three most common omega-3s are DHA (docosahexaenoic acid), ALA (alpha-linolenic acid), and EPA (eicosapentaenoic acid). ALA is mainly derived from plant sources, while EPA and DHA can be found in algae and animal sources. Food sources which are rich in omega-3 fatty acids include fatty fish, fish oils, salmons, sardines, soyabeans (roasted), walnuts, chia seeds, flax seeds, and canola oil. People who have dietary restrictions are recommended omega-3 supplements such as algal oil and fish oil.
MARKET DYNAMICS
The global omega-3 market is growing at a significant pace owing to increasing consumer spending on dietary supplements. The rising awareness about benefits of consuming omega-3 fatty acid and growing consumer focus on preventive healthcare has led to a surge in demand for omega-3 products. Innovative technologies have permitted product developers to deliver advanced product solutions such as omega-3 supplements in small sized pills for consumers averse to swallowing large sized omega-3 pills. Major food processing companies are also adding omega-3 fatty acids in processed yogurts, cereals, beverages, and bread to fortify these food products and make them more nutritious. The health benefits of omega-3 on brain and heart health and its ability reduce the risk of hypertension and coronary heart diseases has caught the attention of the masses. The increasing spending of consumers on dietary supplements, functional foods, and nutraceuticals is expected to spur the growth of omega-3 in the future. Unsteady supply of raw materials such as fish oils owing to sustainability issues facing the fisheries industry is expected to restrain the growth of omeg-3 market to some extent.
MARKET SCOPE
The "Global Omega-3 Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the omega-3 market with detailed market segmentation by type, source, application, and geography. The global omega-3 market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading omega-3 market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global omega-3 market is segmented on the basis of type, source, and application. On the basis of type, the omega-3 market is segmented into, EPA, DHA, DPA, ALA. On the basis of source, the market is bifurcated into, marine derived, plant derived. Based on application, the global omega-3 market is segmented into, dietary supplement, pharmaceutical, functional foods, others.
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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global omega-3 market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The omega-3 market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the omega-3 market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the omega-3 market in these regions.
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MARKET PLAYERS
The reports cover key developments in the omega-3 market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from omega-3 market are anticipated to lucrative growth opportunities in the future with the rising demand for omega-3 in the global market. Below mentioned is the list of few companies engaged in the omega-3 market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the omega-3 market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-BASF SE
-CARGILL, INCORPORATED
-CRODA INTERNATIONAL PLC
-GC RIEBER OILS
-LUHUA BIOMARINE (SHANDONG) CO., LTD.
-OLVEA FISH OILS
-OMEGA PROTEIN CORPORATION
-PELAGIA AS
-POLARIS
-ROYAL DSM
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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