Omega-3 Market 2019 Global Trends, Market Share, Industry Size, Growth, Sales, Opportunities, and Market Forecast to 2028

“Omega-3 Market 2019-2028”
New Market Study Report “Omega-3 Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2028” Wiseguyreports.Com adds To Its Research Database.

Omega-3 Market 2019-2028

New Study Reports “Omega-3 Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2028” Added in Wiseguyreports.com.

Report Details:

Omega-3 Market to Experience a Boom between 2013 and 2028

This report provides in depth study of “Omega-3 Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Omega-3 Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

The global omega-3 products market is predicted to reach $58.16 billion growing at a CAGR of 7.4% during the forecast period. Omega-3 fatty acids offer several health benefits, driving the demand for supplements and the market. Demand for convenient and efficient ultra-high concentrates is raising the demand for omega-3 products, but the gap between usage and awareness is a major hindrance to the market. Millennial’s concern with nutrition is also driving its growth.

Rising product usage in the Active Pharmaceutical Ingredient (API) market is among the major driving factors for the omega-3 market. Additionally, growth of the dietary supplements market is projected to bolster product demand, as it can reduce the risk of cardiovascular diseases.

Important Key Players Analysis: DSM, BASF, EPAX, Golden Omega, TASA, Omega Protein, Croda, KD Pharma (Marine Ingredients), GC Rieber, Polaris, Auqi, Kinomega, Skuny, Xinzhou, Anti-Cancer, Sinomega, Orkla Health, LYSI, OLVEA Fish Oils, Hofseth BioCare, Nippon Suisan Kaisha, Bioprocess Algae, Shandong Yuwang Pharmaceutical, Maruha Nichiro Foods, Solutex and more.

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Segmentation

The international omega-3 market provides a range of merchandise along with practical food, dietary supplements, toddler nutrition, pet food, and pharmaceutical. The market on the whole depends on grocery retailers, pharmacies and drug stores, net retailing, and other points of income for distributing products. Market segmentation by type includes marine omega-3 and algae omega-3. Segmentation by application includes dietary supplements, fortified food and beverages, infant formula, pharmaceuticals, and pet foods. Market segmentation by sales channel includes direct channel and distribution channel. The distribution channel consists of grocery retailers, pharmacies and drug stores, internet retailing, and other channels. Infant nutrition is the highest consumed Omega-3 product. Omega-3 sourced from fish oil dominates the dietary supplements sector, while algal DHA oil leads in the fortified food and beverage industry. 

Regional overview

North America is the greatest regional market on account of increasing utilization of omega-3 in pharmaceutical enterprise, coupled with growing research and development in the region. In addition, rising consumption of improved medication is expected to propel the demand for omega 3-based pharmaceutical products in the region over the forecast period. Supplement and functional foods emerged as the largest application segment in North America. This can be attributed to the fact that omega 3 is highly effective for the treatment of a variety of health conditions, including menstrual and mental health.

Asia Pacific is expected to witness the fastest CAGR over the forecast period. The shift in consumer preference toward a healthy diet, comprising of omega-3 ingredients and the use of fish oil in Asia-Pacific is expected to boost the sales here. Rising disposable incomes, especially in the middle class population in emerging economies of China and India, will further raise demand. China is the third-largest market for EPA and DHA oils in the world, with consumers mostly obtaining omega-3 from fish, supplements, and fortified foods. Cooking oil and health drinks are popular fortified omega-3 products in the Indian market. Consumer demand has increased in Australia as well, with people recognizing the benefits of algal oils for improving joint pain, cardiovascular health, and even fighting depression. 

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Latest industry news

Key corporations in the market are getting their merchandise licensed to maximize gain and the enterprise has additionally witnessed key acquisitions in recent years.

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