Omega 3 Market Size is Projected To Reach USD 26610 Million By 2027 At A CAGR of 10.8% - Valuates Reports
BANGALORE, India, Dec. 1, 2021 /PRNewswire/ -- Omega 3 Market is segmented By Type - Marine Omega-3, Algae Omega-3, Market By Application - Dietary Supplements, Fortified Food and Beverage, Infant Formula, Pharmaceuticals, Pet Foods, Others. Global Opportunity Analysis and Industry Forecast 2021 - 2027. It is published in Valuates Reports under the Vitamins & Supplements Category.
The global Omega 3 market size is projected to reach USD 26610 million by 2027, from USD 12590 million in 2020, at a CAGR of 10.8% during 2021-2027.
Major factors driving the growth of the Omega 3 market are
Rising rates of Cardiovascular Diseases (CVDs) and changing dietary habits are two major causes driving the growth of omega 3 market product usage.
The increased importance of immunity development in the aftermath of the COVID-19 pandemic has further fueled the Omega 3 market growth. Product demand is predicted to rise as more omega 3 elements are included in the diet to support heart and brain health.
Sedentary lifestyles, the work-from-home tendency, and a lack of physical activity, especially among people in their 30s and 40s, are predicted to drive the Omega 3 demand. Furthermore, rising consumer investment in healthcare and well-being is expected to propel the industry forward.
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TRENDS INFLUENCING THE GROWTH OF THE OMEGA 3 MARKET
Omega-3 fatty acids, also known as n3 fatty acids, 3 fatty acids, and omega-3 oils, are polyunsaturated fatty acids (PUFAs). Over the forecast period, properties such as lowering the risk of and disorders such as cancer, asthma, cardiovascular disease, atopic diseases, inflammation, cognitive aging, brain and visual functions, mental health, developmental disabilities, and deficiency risk are expected to boost the omega 3 market's growth.
Omega-3 fatty acids have a variety of health benefits, which has fueled demand for omega-3 supplements and, in turn, is driving the growth of the omega-3 market. The baby feeding industry, which is likely to drive the omega-3 market over the forecast period. Infants who are fed formulas fortified with the omega-3 fatty acid DHA had better hand-eye coordination, attention span, social skills, and intelligence test scores, according to studies.
Demand for DHA supplements is likely to rise due to their growing popularity among pregnant and breastfeeding mothers. As gym professionals and athletes become more aware of nutritional food intake, the use of omega 3 in sports supplements and functional foods is expected to rise. As a result, the omega 3 market is likely to be driven by the increased use of Omega 3 in supplements and functional foods.
The growing use of omega 3 in the pharmaceutical industry is likely to propel the omega 3 market forward. Omega-3 fatty acids have been linked to a lower risk of heart disease. They've been shown to help lower levels of specific blood fat (triglyceride) and raise levels of "good" cholesterol when combined with diet and exercise (HDL).
Furthermore, the demand for DHA is predicted to increase due to an increase in obesity and heart-related disorders around the world. As a result, the omega 3 market is likely to rise even faster.
The COVID-19 has also created opportunities for health-related product firms, particularly dietary supplement manufacturers. The increase in consumer view of these medications as useful in maintaining immunity and their effectiveness in battling the fatal virus has prompted the respective market. This in turn surges the demand for associated markets, including omega-3 products.
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OMEGA 3 MARKET SHARE ANALYSIS
Based on application, The infant formula segment is predicted to increase at the fastest CAGR throughout the forecast period, owing to rising demand for packaged baby nutrition products as the working population grows. The nervous system, vision, brain, and overall growth of an infant are all aided by omega 3 DHA.
Based on region, North America is expected to be the most lucrative during the forecast period. Various industry companies in the region are concentrating their R&D efforts on developing pharma-grade omega 3, which is driving the regional market growth.
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Omega 3 Market By Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Omega 3 Market By Company
- 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
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SIMILAR REPORTS :
- In 2020, the global Omega 3 Products market size was USD 842 million and it is expected to reach USD 1120 million by the end of 2027, with a CAGR of 4.2% during 2021-2027.
- In 2020, the global Omega-3 PUFA market size was USD 15150 million and it is expected to reach USD 22260 million by the end of 2027, with a CAGR of 5.6% during 2021-2027.
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