Rising Geriatric Population And Increasing Obesity Pushing The Global Omega 3 Market To USD 4,262.5 Million By 2026 | Major Players Include Omega Protein Corporation, Croda International PLC, Arista Industries Inc., Cargill, Inc., Royal DSM, Pharma Marine

Polaris Market Research’s new report indicates that the global Omega3 market generated USD2,184.3 million in 2017 and is anticipated to grow at a CAGR of 7.9% during the forecast period.

Omega-3 fatty acids (omega-3s) are a group of polyunsaturated fatty acids assisting human bodies to function effectively. Ingestion of omega 3 offers health benefits, prevents against certain health conditions, and maintains overall health. Omega 3 enables efficient muscle activity, brain development and functioning, blood clotting, digestion, fertility, and cell division and growth. Omega 3 can be obtained from sources such as vegetable oils, primarily canola and soybean oils, flaxseed oil and seafood including fatty fish and shellfish, and dietary supplements.

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The demand for omega 3 has increased over the years owing to rising geriatric population, and increasing obesity. Consumers are taking preventive health measures owing to increasing awareness regarding health benefits of omega 3 and changing lifestyles. Increasing disposable income and hectic lifestyles encourage consumers to take omega 3 for prevention of nutrition related disorders. Rising use of omega 3 in controlling depression and anxiety supports the growth of the market. The increasing health consciousness among the youth along with rising demand from emerging economies further promote the growth of omega 3.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Omega 3 Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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North America generated the highest revenue in 2017 owing to increasing geriatric population and growing diseases related to obesity. High disposable incomes and sedentary lifestyles of consumers has increased the sale of omega 3 in the region. Increasing awareness regarding benefits of omega 3 and efficient nutrition encourages consumers to adopt omega 3, thereby supporting market growth in the region.

Competitive Landscape and Key Vendors

The global Omega 3 market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the report include Omega Protein Corporation, Croda International PLC, Arista Industries Inc., Cargill, Inc., Royal DSM, Pharma Marine AS, GC Reiber Oils, Nordic Naturals Inc., Reckitt Benckiser Group plc, Pharma Nord B.V., Pharmavite LL, and Natrol LLC.

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Key Segments

Type
• Docosahexaenoic Acid (DHA)
• Eicosapentaenoic Acid (EPA)
• Alpha-Linolenic Acid (ALA)
Source
• Plant Sources
• Marine Sources
• Others
Application
• Functional Food and Supplements
• Pharmaceutical
• Infant Formula
• Animal Feed
• Others
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa

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This release was published on openPR.