Omega 3 Market Size to Surpass USD 4.76 Billion with CAGR of 9.40% by 2029, Share, Demand, Top Players, Industry Size & Future Growth Outlook – GlobeNewswire

September 19, 2022 08:00 ET | Source: Data Bridge Market Research Data Bridge Market Research
Pune, INDIA
MELBOURNE, Sept. 19, 2022 (GLOBE NEWSWIRE) — Recent study report released by Data Bridge Market research titled “Global Omega 3 Market” (covering USA, Europe, China, Japan, India, South East Asia, etc) highlights opportunities, risk analysis, and leveraged with strategic and tactical decision-making support. Omega 3 Market analysis report assesses various segments that are relied upon to witness the quickest development amid the approximated forecast frame. The Market study encompasses a Market attractiveness analysis, wherein each segment is benchmarked based on its Market size, growth rate, and general attractiveness. All the information, facts, and statistics covered in the report lead to actionable ideas, improved decision-making, and better deciding business strategies. Omega 3 Market report contains historic data, present Market trends, environment, technological innovation, upcoming technologies, and the technical progress in the related industry.
Data Bridge Market Research analyses that the omega 3 market was valued at USD 2.32 billion in 2021 and is expected to reach the value of USD 4.76 billion by 2029, at a CAGR of 9.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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Market Analysis:-
Plants, nut oils, and fish such as tuna, salmon, and halibut, as well as other sea foods such as krill and algae, contain omega 3 fatty acids. Omega 3 fatty acids are essential fatty acids required for human health. These fatty acids are essential for brain function as well as human growth and development. Omega-3 fatty acid consumption lowers the risk of chronic diseases such as cancer, heart disease, and arthritis.
Deaths from cardiovascular disease have recently increased around the world, which tends to boost the omega-3 market. Cardiovascular disease has increased in Western Sub-Saharan Africa and South Asia. Omega-3 fatty acids, which can be found in supplements and naturally in foods like certain fish, nuts, and seeds, have long been touted for their health benefits, particularly for heart health. However, rising chronic diseases such as heart disease, arthritis, strokes, and cancer are expected to drive up demand for omega-3 fatty acids around the world.
Opportunity
The increasing application of omega 3 fatty acids in pet food and pharmaceuticals is boosting the market, as are increasing public initiatives associated with health and fitness, which further aid the market. The growing consumer awareness of the health benefits of omega-3 is driving the demand for market players to innovate in order to remain competitive. On the other hand, the technology delivers odorous oils in a micro-emulsified formulation that is designed to increase surface absorption. The OmegaZero® Technology aids in the emulsification of odoriferous oil in the gut rather than forming a layer on the surface of the gastric juice, significantly reducing the oil’s contact surface with air.
Some of the major players operating in the omega 3 market are:
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Recent Development
Global Omega 3 Market Scope:
By Type (ALA, EPA, DHA), Source (Fish Oil and Krill Oil, Algal Oil, Walnut, Pumpkin Seeds, Soybean Oil, Canola Oil, Bean Curd, Others),
By Application (Dietary Supplement, Pharmaceutical, Infant Formula, Food & Beverage, Pet Food, Fish Feed)
Regional Analysis/Insights
The omega 3 market is analysed and market size insights and trends are provided by country, source, type and application as referenced above.
The countries covered in the omega 3 market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the omega 3 market due to the increasing occurrences of chronic diseases, as well as the prevalence of improved medication and better health supplements. In contrast, Europe is expected to grow from 2022 to 2029 due to the growing geriatric population, as well as rising usage in treating obesity.
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Key Drivers: Omega 3 Market
The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient’s sudden death. It also aids in the reduction of triglyceride levels, the slowing of the growth rate of atherosclerotic plaque, and the reduction of blood pressure. Consumers are increasingly shifting to healthier alternatives while viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle. As a result, Omega 3s are becoming more popular because they are a good source of vitamins, proteins, and minerals and can help with diseases like cancer, asthma, and depression.
Some of the factors that influence consumers’ purchasing decisions are brand name, nutritional value, and product safety. Awareness of the benefits of omega-3-based supplements through various forms of media, including electronic and print, is also likely to influence purchasing behaviour. Fish consumption is expected to rise further, particularly in developing countries. Fish oil is the primary source of Omega 3s.
Restraints
However, uneven fish capture and rising demand for fish from other application sources reduce their availability at a lower cost, limiting market growth. Increasing environmental, metal, and hazardous pollutants in fish are making them toxic for consumption, which is expected to limit the segment’s growth. Furthermore, increased regulations on fishing activities to protect fish species are expected to have an impact on the industry’s raw material supply.
This omega 3 market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the omega 3 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Major Highlights of TOC: Global Omega 3 Market
Global Omega 3 Market Overview
Global Omega 3 Market Competitions by Manufacturers
Global Omega 3 Capacity, Production, Revenue (Value) by Region
Global Omega 3 Supply (Production), Consumption, Export, Import by Region
Global Omega 3 Production, Revenue (Value), Price Trend by Type
Global Omega 3 Market Analysis by Application
Global Omega 3 Manufacturers Profiles/Analysis
Omega 3 Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Omega 3 Market Forecast
Research Findings and Conclusion
Appendix
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