DUBLIN, November 18, 2022 /PRNewswire/ — The report “Global Omega 3 Market: Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2022-2030” has been added to from ResearchAndMarkets.com offer.
Omega 3 fatty acids come in three main forms: eicosapentaenoic acid (EPA), alpha-linoleic acid (ALA) and docosahexaenoic acid (DHA). EPA and DHA are primarily found in marine animals like fatty fish and krill and are primarily promoted for their heart benefits. While ALA is found in vegetable seed oils such as walnuts, flax seeds, hemp. Out of the two, the animal-derived variety i.e. EPA and DHA is promoted more as most of the health benefits are linked to it.
EPA and DHA can help reduce several risk factors for cardiovascular disease, and many experts recommend consuming omega-3s to support heart health. DHA is considered important for the visual and neurological development of infants. Research has also shown that poor memory is associated with low levels of DHA and that DHA supplements support brain health in aging brains. It also supports eye health, as DHA is the raw material that helps prevent damage to retinal cells.
In recent years, due to increased attention to the health benefits of omega 3 fatty acids, it has become a multi-billion dollar business, with Americans alone spending more than $2 billion on foods fortified with omega-3 fatty acids. As research and awareness continue to increase, consumption of omega 3 fatty acids is expected to increase.
Furthermore, the global omega-3 nutritional deficit is far from being covered. Cardiovascular health benefits are the primary driver and supplements that provide them are expected to have a market value of around $8 billion by 2018. The opportunity for supplements aimed at brain and vision enhancement is valued more than $500 million by 2018. Supplements aren’t the only form in which omega-3 fatty acids are available. In fact, in recent years, packaged foods and beverages rich in omega-3 fatty acids have experienced a higher growth rate than supplements.
In 2021, marine source accounted for the largest market share and is expected to maintain its dominance over the forecast period. Krill and fish oils are two major marine sources of omega-3 fatty acids. The availability of various types of fish and the many health benefits they offer are expected to be the main driver for market growth. Krill comprises the largest biomass on earth, which guarantees the availability of raw material source for krill oil.
However, due to the changing trend towards non-animal supplements, this is expected to restrain the market growth. Also, due to increased manufacturing expenses due to the presence of toxins and lower production, there are plans to restrict the use of fish oil in this industry. Other sources such as nuts and seeds, vegetable oils and soy and soy products are likely to have a positive impact on the market.
Omega 3s are used in various applications. Among all the applications, the dietary supplement segment accounted for the largest share of the market. More than 50% of the market is represented by the dietary supplements segment. This segment is experiencing growth due to the increasing importance of omega 3 supplements. The infant formula segment is expected to experience significant growth due to the increasing importance of ALA for the functional development of infants during pregnancy and the first two years after childbirth. Additionally, governments are educating people, especially in emerging economies, about the importance of child health, which should further fuel growth. The food and beverage segment is expected to grow due to growing demand for new healthcare products, R&D initiatives by food manufacturers, advancements in emulsification and encapsulation technologies.
- ALA (alpha-linolenic acid)
- DHA (docosahexaenoic acid)
- EPA (eicosapentaenoic acid)
- Nuts and seeds
- vegetable oils
- Soy and soy products
- Dietary supplement
- Infant formula
- Food and drinks
- pet food
- Fish food
Main topics covered:
2. Executive Summary
3. Omega 3 Market: Business Outlook and Market Dynamics
4. Omega 3 Market: By Type, 2020-2030, USD (Million)
5. Omega 3 Market: By Source, 2020-2030, USD (Million)
6. Omega 3 Market: By Application, 2020-2030, USD (Million)
7. North America Omega 3 Market, 2020-2030, USD (Million)
8. UK & EU Omega 3 Market, 2020-2030, USD (Million)
9. Asia-Pacific Omega 3 Market, 2020-2030, USD (Million)
10. Latin America Omega 3 Market, 2020-2030, USD (Million)
11. Middle East and African Omega 3 Market, 2020-2030, USD (Million)
12. Company Profiles
- Cargill Ltd.
- Croda International PLC.
- CMF Company
- GC Reiber Oils
- LUHUA BIOMARINE (Shadong) Co Ltd
- Royal DSM
- Pharma Marine AS
- Omega Protein Society
- Olvéa fish oils.
For more information about this report visit https://www.researchandmarkets.com/r/65vzje
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