Omega-3 market is expected to grow at a CAGR of 15.1% from 2018-2027
According to Stratistics MRC, the“Global Omega-3
Market” is accounted for $3.63 billion in
2018 and is expected to reach $12.87 billion by 2027 growing at a CAGR of 15.1%
during the forecast period. Factors such as rising awareness among users about
healthy eating and health benefits of omega-3 and increasing demand from
end-users are propelling the market growth. However, stringent regulation
barriers and high cost is restraining market growth.
Omega - 3 fatty acids are polyunsaturated fatty acids (PUFAs)
characterized by the presence of a double bond three atoms away from the
terminal methyl group in their chemical structure. They are widely distributed
in nature, being important constituents of animal lipid metabolism, and they
play an important role in the human diet and in human physiology.
Global Omega-3 market is segmented by type into Eicosapentaenoic
Acid (EPA), Docosahexaenoic Acid (DHA), and Alpha-Linolenic Acid (ALA), Among
type, the docosahexaenoic acid (DHA) segment is likely to have a huge demand
due to increasing cognitive functionalities of omega-3 that are attaining
consumer attention and development of the infant's brain and also for the normal functioning of adult brains.
Global Omega-3 market is segregated by source into Plant Source, Marine Source,
and Nuts and Seeds. On the basis of source, the marine source segment is likely
to have a huge demand because of the large Eicosapentaenoic Acid (EPA) and
Docosahexaenoic Acid (DHA) content in most of the oily fishes and producing
marine-based omega-3 to meet the growing demand for EPA and DHA.
Global Omega-3 market is fragmented by application into Dietary
Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formula,
Pet Food and Feed, and Fish Feed. Depending upon the application, the dietary
supplements segment is likely to have a huge demand due to various health
benefits of the product, increasing healthcare costs and growing awareness
regarding the adverse health effects of calories.
This report also covers trends driving each segment and offers analysis
by geography, with key regions such as North America, Europe, Asia Pacific,
South America, and Middle East & Africa. By geography, Asia Pacific is
going to have a lucrative growth during the forecast period due to increasing
product demand in developed regions, rising health consciousness and high
demand for fish oil for everyday diet.
Some of the key players profiled in the Omega-3 Market include KD
Pharma, EPAx, Corbion, Croda International, Lonza, BASF, Orkla Health, DSM,
Pharma Marine, Cargill, Biosearch Life, Guangdong Runke Bioengineering, Golden
Omega, GC Rieber, and Nordic Naturals.