Global Omega-3 Fatty Acids Market, By Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA) and Alpha-Linolenic Acid (ALA)), Source (Marine and Plant), Manufacturing Process (Concentration Process, Fish Oil Processing, Decontamination and Others), Application (Dietary Supplements, Functional Food and Beverages, Pharmaceuticals, Infant Formula, Clinical Nutrition, Pet Foods and Supplements and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Omega-3 Fatty Acids Market
Data Bridge Market Research analyses that the global omega-3 fatty acids market will project a CAGR of 7.26% for the forecast period of 2021-2028. Growth and expansion of the pharmaceuticals industry, growth in the demand and consumption of dietary supplements, rising consumer consciousness towards consumption of healthy products containing high nutritional value and growing personal disposable income by the major companies are the major factors attributable to the growth of omega-3 fatty acids market.
Omega-3 fatty acids are consumed for lowering the levels of certain blood fat or triglyceride as commonly known and improving the levels of good cholesterol in the body. Omega-3 fatty acids provide healthy skin and reduce the probability of heart related risks in humans. These are polyunsaturated fatty acids having carbon double bond in their chemical structure. Omega-3 fatty acids can also treat other lifestyle disorders such as high blood pressure or rheumatoid arthritis.
Rising personal disposable income and growing awareness about maintaining a healthy lifestyle are the major factors fostering the growth of the market. Changing lifestyle, rising prevalence of chronic disorders and ever-rising global population are other important factors acting as market growth determinants. Improving distribution channel, growth in the application by functional food industry and surge in the initiatives by the government to spread awareness on how to prevent diseases will further induce growth in the market value. Also, the ability of omega-3 fatty acids to prevent degenerative conditions in cats and dogs will further carve the way for the growth of market.
However, rising regarding the lack of sustainable nature of marine fisheries will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies and high cost of the product will further restrict the scope of growth for the market. Also, strict regulation barriers and lack of clarity on the dosage intake will also derail the market growth rate.
This omega-3 fatty acids market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on omega-3 fatty acids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Omega-3 Fatty Acids Market Scope and Market Size
The omega-3 fatty acids market is segmented on the basis of type, source, manufacturing process and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global omega-3 fatty acids market is segmented into docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA) and alpha-linolenic acid (ALA).
- On the basis of source, the omega-3 fatty acids market is segmented into marine and plant. Marine segment is sub-segmented into fish oil, algal oil, krill oil and others. Plant segment is sub-segmented into canola oil, flaxseed oil, chia Seed oil, soya bean oil and others.
- On the basis of manufacturing process, the global omega-3 fatty acids market is segmented into concentration process, fish oil processing, decontamination and others.
- On the basis of application, the omega-3 fatty acids market is segmented into dietary supplements, functional food and beverages, pharmaceuticals, infant formula, clinical nutrition, pet foods and supplements and others.
Omega-3 Fatty Acids Market Country Level Analysis
The omega-3 fatty acids market is analyses and market size, volume information is provided by country, type, source, manufacturing process and application as referenced above.
The countries covered in the omega-3 fatty acids market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the omega-3 fatty acids market and will continue to excel its dominance during the forecast period owing to the rising health concerns and growing awareness about the health benefits of polyunsaturated fats. Asia-Pacific on the other hand will project the highest CAGR owing to increasing expenditure on health-enhancing products, growing popularity of functional foods and beverages, globalization, westernization, changing lifestyle, and increasing personal disposable income.
The country section of the omega-3 fatty acids market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Omega-3 Fatty Acids Market Share Analysis
The omega-3 fatty acids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to omega-3 fatty acids market.
The major players covered in the omega-3 fatty acids market report are Lonza, BASF SE, Evonik Industries AG, Cargill, Incorporated., DSM, Epax, Croda International Plc, Amway, Sanofi, Unilever, Nestlé, Reckitt Benckiser Group plc., VivoMega, Omega Protein Corporation, ARISTA INDUSTRIES., Polaris Inc., Pharma Marine AS, Merck KGaA, Nordic Naturals, Inc. and Corbion NV among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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