Omega-3 Market Ready to Reach at a CAGR of 14.74% | Cargill Foods India, Polaris, Pharma Marine AS, Croda International, GC Rieber Oils AS, Omega Protein, FMC Corporation and krill oil-Luhua Biomarine (Shandong) Co Ltd. By 2023

This study provides insights about the Omega-3 Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.

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Industry Outlook and Trend Analysis:
The global Omega-3 Market was worth USD 2.26 billion in 2014 and is expected to reach approximately USD 7.78 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 14.74% during the forecast period. Omega-3 market is driven by components, for example, developing awareness in consumers about healthy & balanced eating regimen and its medical advantages. In addition, omega-3 supplements, for example, eicosapentaenoic corrosive (EPA) and DHA lessens the danger of breast, prostrate, and colon cancer. A satisfactory measure of EPA diminishes danger of depression and related medical issues. The regulatory barrier restricting the usage of omega-3 over certain range may limit the market development in the following years. Omega-3 acquired from plant origin, a great wellspring of alpha-linolenic corrosive (ALA) for vegetarians, gives an opportunity to omega-3 market development.

Competitive Insights:
The organizations in this market implement acquisition and expansion as their key methodologies to create enhanced products and diminish rivalry by catching extra share of the market. The leading players in the market are Cargill Foods India, Polaris, Pharma Marine AS, Croda International, GC Rieber Oils AS, Omega Protein, FMC Corporation and krill oil-Luhua Biomarine (Shandong) Co Ltd.

Regional Outlook and Trend Analysis:
Asia-Pacific is the leading region in the worldwide omega-3 market and is foreseen to be the primary inclination for new contestants because of the expanding end-use applications in the locale. Developing awareness of consumers with respect to the advantages of omega-3 has expanded as of late that has affected its interest for omega-3. Europe is the second most appealing business sector for new participants in the omega-3 industry, which is foreseen to develop at a significant pace in the following years.

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Type Outlook and Trend Analysis:
On the basis of type, the market is segmented into DHA (docosahexaenoic acid), ALA (alpha-linolenic acid), and EPA (eicosapentaenoic acid). The overall market is led by DHA with more than three-fourth of revenue share in 2015, whereas the ALA and EPA combined represented one-fourth of the revenue share. ALA is the fastest developing type of omega-3 with an astounding CAGR.

Source Outlook and Trend Analysis:
On the basis of source the market is segmented into marine, nuts and seeds, vegetable oils, and soya & soya products. Fish and krill oils are two significant sources for omega-3. Fish oil is useful in aquaculture and nutraceuticals. Algal oil is one of the critical sources of omega-3 fatty acid ingredients. Algal oil is the real option for creation of omega-3; nonetheless, its generally high cost confines its foreseen market entrance into the food and dietary supplement.

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Application Outlook and Trend Analysis:
Omega-3 has an extensive variety of utilizations, for example, infant formula,, dietary supplement, pharmaceutical, fish feed, pet food, and food & beverage. Dietary supplement is a significant application and represented three-fifths of the worldwide omega-3 market volume in 2015. Pharmaceutical is foreseen to develop a tremendous rate in the upcoming years. The usage of omega-3 (regarding volume) in pharmaceutical and infant formula equation is assessed to increment at a higher CAGR amid the figure time frame.

Major Table of Contents:
Part 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Part 2. Executive Summary
2.1. Key Highlights

Part 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Awareness Among Consumer on Healthy and Balanced Diet
3.2.1.2. Health Benefits of Omega-3
3.2.2. Restraints
3.2.2.1. Cost of Omega-3 fatty acids
3.2.2.2. Stringent Regulations
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities

…Read Full Table of Contents

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