Omega 3 Ingredients Market Growth Rate Analysis, Industry Size and Share, Key Trends, and Leading Players Forecast by 20Posted by Roger on April 28th, 2023 The omega-3 ingredients market refers to the market for products containing omega-3 fatty acids, which are essential fatty acids that cannot be produced by the body and must be obtained through diet or supplements. Omega-3 fatty acids are important for maintaining cardiovascular health, brain function, and reducing inflammation in the body. Market Overview: The global omega-3 ingredients market size was valued at USD 2.49 billion in 2020 and is projected to grow at a CAGR of 7.1% from 2021 to 2028. Increasing awareness about the health benefits of omega-3 fatty acids, rising demand for functional foods and dietary supplements, and growing prevalence of chronic diseases are the key factors driving the market growth. Types of Omega-3 Ingredients:
Sources: The sources of omega-3 ingredients are divided into marine and plant-based sources. Marine sources include fatty fish such as salmon, tuna, and sardines, while plant-based sources include flaxseeds, chia seeds, and walnuts. Omega-3 ingredients can be obtained through food sources or supplements. Applications: The omega-3 ingredients market has various applications in the food, pharmaceutical, and dietary supplement industries. In the food industry, omega-3 ingredients are used in functional foods such as breakfast cereals, bread, and margarine. In the pharmaceutical industry, they are used in drugs for cardiovascular health and other medical conditions. In the dietary supplement industry, omega-3 ingredients are used in capsules, soft gels, and other forms. Geographical Analysis: The global omega-3 ingredients market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is the largest market for omega-3 ingredients, followed by Europe and Asia Pacific. The high prevalence of chronic diseases in North America and Europe, along with a growing aging population, is driving the market growth in these regions. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, owing to the increasing health awareness among consumers and rising disposable incomes. Key Players: The key players in the omega-3 ingredients market include BASF SE, Croda International Plc, FMC Corporation, Omega Protein Corporation, Koninklijke DSM N.V., GC Rieber Oils, Nordic Naturals Inc., Lonza Group Ltd., and Corbion N.V. These companies are focusing on product innovation and expanding their product portfolio to cater to the growing demand for omega-3 ingredients. Click Here For Info 👉 https://www.coherentmarketinsights.com/market-insight/omega-3-ingredients-market-370 Conclusion: The global omega-3 ingredients market is expected to witness significant growth in the coming years, driven by increasing health awareness and the rising demand for functional foods and dietary supplements. The market is highly competitive, with several players operating in the market. The key players are focusing on expanding their product portfolio and investing in research and development to gain a competitive edge in the market. About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us Mr. Shah Like it? Share it! More by this author |
