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.
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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.
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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.
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