Omega 3 And Omega 6 Market to grow by USD 4.24 billion from 2022 to 2027, The market is segmented by Type, Application, and Geography- Technavio

NEW YORK, Oct. 16, 2023 /PRNewswire/ -- The omega 3 and omega 6 market is expected to grow by USD 4.24 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 7.78% during the forecast period. The growing prevalence of chronic diseases is notably driving the omega-3 and omega-6 market. However, factors such as growing concern about the quality and purity of omega 3 and omega 6 products may impede market growth. The market is segmented by type (omega 6 and omega 3), application (functional food and supplements, infant nutrition, pharmaceutical, pet food and feed, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format 

Key Segment Analysis

• The market share growth by the omega 6 segment will be significant during the forecast period. Omega 6 fatty acids are polyunsaturated fats that are essential for the normal functioning of the human body, including brain development, stimulating hair growth, maintaining bone health, and regulating metabolism. Oil from vegetables such as corn, soybean, or sunflower oil is usually found to contain Omega 6 fatty acids. Omega 6 fatty acids are used by pharmaceutical companies as an ingredient that may have a beneficial effect on health. Moreover, as a primary ingredient for the stimulation of skin health, omega 6 fatty acids are now included in cosmetic products such as lotions, creams, and serums.

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Geographical Market Analysis 

• North America is estimated to contribute 36% to the growth of the global market during the forecast period. The growth in the region can be attributed to an increase in health concerns of individuals and benefits linked with Omega 3 fatty acids. In addition, market growth was helped by a growing population's appetite for preventive health care and the ability of individuals to pay for it.

Company Insights 
The omega 3 and omega 6 market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including AAK AB, Aker BioMarine ASA, BASF SE, Cooke Aquaculture Inc., Corbion NV, Coromega Co., Croda International Plc, GC Rieber VivoMega AS, Grontvedt AS, KD Pharma Group, Koninklijke DSM NV, Nestle SA, Nordic Naturals Inc., NOW Health Group Inc., Omega3 Innovations, Orkla Health AS, Orlo Nutrition, Ornua Co-operative Ltd., Pharma Marine AS, Polaris, RHG and Co. Inc., Stepan Co., and Vital Health Foods

View the FREE PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio