Omega-3 Market Development and Growth Forecast Report 2024

Posted by Shiva on November 11th, 2019

Omega-3 Market Growth Rate Analysis:

Omega-3 Market value is expected to reach USD 6955 Million by the end of 2024, and growing at a CAGR of 15% during the forecast report 2019-2024.

Omega-3 products find applications in various end-user industries such as the dietary supplements, pharmaceuticals, infant formula, food and beverages, pet food and fish feed. The growing demand for health consciousness among world population has been a significant aspect for this market and will further boost its application in the coming years. It is also beneficial for people with high-fat cholesterol levels to curb that excess amount and improve disease resistance.

Omega-3 Market Drivers and Restraints:

Increased demand from end-users and increased consumer awareness of the benefits of healthy eating and the health benefits of omega-3 are the main drivers of the global omega-3 market. The sector consists of the market segments of ω-3 and n-3 fatty acids, which contribute significantly to the market size of omega-3 fatty acids. However, strict regulatory barriers and high costs are likely to hamper the market growth.

It is expected that the market share of omega-3 fish oil will decrease due to the less expenses involved for vegetative sources, such as vegetable oil, nuts and seeds, and soy products. It is expected that the production of these vegetative sources will be commercialized as of 2017.

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Detailed Segmentation of the Omega-3 Market:

Omega-3 Market Analysis – By Application:

  • Infant food
  • Dietary Supplements
  • Pharmaceutical
  • Pet Feed
  • Others

Omega-3 Market Analysis – By Distribution Channel:

  • Retail stores
  • Medical stores
  • Online trade
  • Others

Geographic Segmentation and Regional Insights:

Geographically, the world omega-3 products marker has been divided among the five prominent regions of North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Of all these, North America is the largest region on the market, with more than a third of total sales in 2015, followed by the Asia-Pacific region and Europe.

Asia Pacific is expected to grow significantly:

The Asia-Pacific is the most attractive region of the global omega-3 market and is expected to become the main choice for new entrants due to the growing number of end-uses in the area. In addition, Asia Pacific is expected to grow significantly compared to saturated markets in North America and Europe.

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Leading companies mentioned in this research report are:

Some of the noteworthy players of the global omega-3 market are

  • Omega Protein Corporation
  • GC Rieber Oils
  • Cargill, Inc.
  • FMC Corporation
  • Croda International Plc
  • Royal DSM
  • Luhua Biomarine (Shandong) Co., Ltd
  • Pharma Marine AS
  • Polaris
  • OLVEA Fish Oils

The Scope of the report:

  • This report offers the current product and services market evaluation and the future estimation of the market. 
  • It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
  • Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Market Data Forecast:

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Joined: June 11th, 2019
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