Omega 3 Market Anticipated To Reach $3.77 Billion By 2025: Grand View Research, Inc.

Omega 3 Market Anticipated To Reach $3.77 Billion By 2025: Grand View Research, Inc.

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According to report published by Grand View Research,Rising product usage in the Active Pharmaceutical Ingredient (API) market is among the major driving factors for the omega 3 market.

According to a report,“Omega 3 Market Size, Share & Trends Analysis Report By Application (Supplements & Functional Foods, Pet & Animal Feed, Pharmaceuticals, Infant Formulas), By Region (North America, APAC), And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global omega 3 market size is projected to reach USD 3.77 billion by 2025 registering a CAGR of 7.4%. Rising product usage in the Active Pharmaceutical Ingredient (API) market is among the major driving factors for the omega 3 market. Moreover, rising population in emerging regions, most notably in Asia Pacific, has complemented the growth of this market. In addition, technological advancements pertaining to the manufacturing of APIs among other highly potent active ingredients will drive the market further.

In addition, rapid growth of the dietary supplements market is projected to bolster the product demand. Omega 3 is being increasingly used in the dietary supplements as it can significantly reduce the risk of cardiovascular and heart diseases. Moreover, it can also reduce the risk of arrhythmias or abnormal heartbeats. Furthermore, it helps slow down the growth of atherosclerotic plaque while lowering the levels of blood pressure. In addition, rising disposable incomes, especially in middle class population in emerging economies of China and India, will augment the demand further.

North America emerged as the largest market in 2018 due increased focus on R&D activities for developing various grades of the product, especially pharma-grade omega 3 for enhanced medication to prevent chronic diseases. However, Asia Pacific is expected to witness the fastest CAGR over the forecast period. Ongoing advancements in the food industry and medical science coupled with demographic changes and high consumer demand are expected to provide impetus for the regional market growth.

Key Takeaways from the report:

  • Supplements & functional foods emerged as the largest application segment in 2018 and is expected to register a CAGR of 7.3% over the forecast period

  • Led by emerging economies like India, China, and Japan, Asia Pacific is expected to witness the fastest growth over the forecast period

  • The market is characterized by intense competition among international and domestic companies. Thus, mots companies have undertaken M&A as their key strategy to withstand the competition

  • Furthermore, product innovation has also been a preferred strategic initiative by prominent manufacturers

  • Some of these key market participants include Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corp., GC Rieber Oils AS, Martek Biosciences Corp., and Lonza Group

U.S. omega 3 market size, by application, 2014 - 2025 (USD Million)

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Global omega 3 market share, by region, 2018 (%)

 

Grand View Research has segmented the global omega 3 market on the basis of application and region:

Omega 3 Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Supplements & Functional Foods

  • Pharmaceuticals

  • Infant Formulas

  • Pet & Animal Feed

  • Others

Omega 3 Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • India

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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