Global Omega-3 Market To Record Unprecedented Growth Over 2020-2025

January 10, 2022

According to the research report titled ‘Global Omega-3 Market - Analysis By Type (EPA, DHA, ALA) , By Source (Marine, Plant) , By Application, By Region, By Country (2020 Edition) : Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global omega-3 market was worth USD 1512.32 million in 2019 and is anticipated to showcase lucrative growth trends between 2020 and 2025.

Increasing prevalence of life threatening & gastrointestinal diseases, rising awareness of benefits associated with the product, and technological advancements in omega oil extraction processes, are the major factors driving global omega-3 market growth.

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Growing geriatric population, high occurrences of hypertension, and widespread adoption of unhealthy lifestyle, are further favoring the industry outlook. Rising cognizance regarding the health benefits associated with krill products which is a superior source of omega-3 for human as well as pets, is adding traction to the overall market size.

Based on type, global omega-3 industry landscape is segmented into DHA, EPA, and ALA. Among these, the DHA segment is projected to record notable growth over the assessment period, on account of increasing usage in infant formula due to presence of eicosapentaenoic corrosive (EPA) and docosahexaenoic corrosive (DHA) which enhances the mental health of newborn children.

Considering the source type, the marketplace is divided into marine and plant. Among these, global omega-3 market size from marine source segment is likely to expand with a strong CAGR over the projected timeframe, as it includes consumption of krill, seaweed, salmon, and other marine creatures due to various benefits to human consumption, aquaculture and pet food.

Speaking of the application ambit, the business space is categorized into dietary supplements, infant formula, pharmaceuticals, pet food, and others. As cited in the report, dietary supplements segment is slated to amass considerable returns over the study duration, as they are known to supply vital nutrients for the human body. Increasing incidences of cardiovascular illnesses due to sedentary lifestyle & fluctuating dietary patterns are propelling the significance of these supplements.

On the geographical front, Americas market is likely to expand with a strong CAGR over the study duration, on account of increasing number of patients with chronic heart diseases, blood pressure diseases, and growing diabetic population. Moreover, rising diversification in products portfolio by prominent manufacturers to cater the demand of consumers.

Meanwhile, Asia Pacific Omega-3 market share is anticipated to witness a strong CAGR owing to growing awareness of omega nutrients, growing patient pool, and increasing usage of infant food and demand for enhanced food for pets in the region.

Major players in the worldwide omega-3 industry are Aker BioMarine ASA, Pharma Marine AS, Olvea Fish Oils, GC Rieber, BASF SE, Orkla ASA, Omega Protein Corporation, Croda International plc, Koninklijke DSM N.V., AlgiSys LLC, and Cargill Inc.

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