The global omega-3 fatty acids market was valued at USD 1.54 billion in 2020 and is expected to grow from USD 1.62 billion in 2021 to USD 2.24 billion by 2028, exhibiting a CAGR of 4.80% during the forecast period. In 2020, North America led the market with a 40.26% share.

The global impact of COVID-19 has been unprecedented and staggering, with omega-3 fatty acids witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a higher growth of 5.96% in 2020 as compared to the average year-on-year growth during 2019-2032. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

LIST OF KEY COMPANIES PROFILED:

  • Royal DSM N.V. (Netherlands)
  • Evonik (Germany)
  • BASF SE (Germany)
  • Lonza (Switzerland)
  • Epax (Norway)
  • Croda International, Plc (U.K.)
  • Cargill, Inc. (U.S.)
  • Golden Omega (Chile)
  • Corbion (Netherlands)
  • Polaris (U.S.)

Global Omega 3 Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2019 to 2032. For the purpose of this study, Fortune Business Insights has segmented the global omega 3 market report on the basis of type, source, application, and region

Global Omega 3 Market Demand

The demand for omega-3 fatty acids in the United States is expected to increase dramatically in the next years as consumers become more aware of the numerous health benefits they provide, such as lower blood pressure and cholesterol and reduced risk of heart disease. Furthermore, increased consumer preference for a balanced and nutritious diet is projected to drive product demand in the near future.

Numerous businesses in the United States, including Bioprocess Algae, Market Biosciences Corporation, and Omega Protein Corporation, are focusing on research and development efforts in preparation for the market introduction of pharmaceutical-grade products. The increasing use of improved medicines to treat and prevent chronic diseases is expected to boost overall consumption in the future years.

Rising pressure on anchovy fisheries to extract fish oil has boosted demand for non-fish sources such as flaxseed, walnuts, algae, and krill oil. Furthermore, increased government measures to promote product usage in various end-use applications are expected to boost market demand.

Market Concentration & Characteristics

The global market is consolidated, with a few giant market players controlling the majority of the share. For example, DSM’s acquisition of Ocean Nutrition Canada and Market Biosciences positioned it as one of the world’s largest ingredient suppliers by volume.

The market is continuously rising, owing to a variety of factors, one of which is increased knowledge of the health advantages of omega-3 fatty acids. Omega-3 has been shown to benefit heart health, brain function, and overall well-being. As a result, there is an increased need for infused supplements and fortified foods.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Information contained on this page is provided by an independent third-party content provider. XPRMedia and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@xpr.media