Press release
Global Omega-3 Market Worth USD 6,945 million by 2022, Key Players-Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd.
Global Omega-3 Market
Omega 3 Market is expected to garner USD 6,945 million by 2022, registering a CAGR of 14.9 % during the forecast period 2016-2022.
The report on the global omega-3 market focuses exclusively on different types of omega-3, such as ALA, DHA and EPA. The market is analyzed from different sources of omega-3, such as sea oils, seeds and dried fruits, vegetable oils, etc. The report also highlights several applications of omega-3s, which include dietary supplements, pharmaceuticals, infant formula, food and beverages, pet food and fish feed. Analyze current trends in the omega-3 market in different regions and suggest growth opportunities for the future.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-omega-3-market-trends-competitive-dynamics-and-key-growth-opportunities-2015-to-2023/272990786
Global Omega-3 Market-Drivers and Restraints:
Increased demand from end users, and increased consumer awareness about the benefits of healthy eating and omega-3s are the mai drivers of the global 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 market growth. In addition, Asia Pacific is expected to grow significantly relative to saturated markets in North America and Europe. It is expected that the market share of omega-3 fish oil will decrease due to the low cost of 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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Global Omega-3 Market-Segmentation:
The global omega-3 market is segmented according to several parameters, such as type, source, application and geography. According to the type of omega-3, the market is classified into the following categories: ALA (alpha-linolenic acid), DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid). DHA dominates the entire market with more than three-quarters of the revenue share in 2015, while ALA and EPA combined accounted for a quarter of the revenue share. ALA is the fastest growing type of omega-3, with a CAGR of 15.8% from 2016 to 2022. Omega-3s are also classified according to their sources, such as sea, nuts and seeds, vegetable oils, soybeans and products. soy. In addition, depending on the omega-3 applications, the market is segmented into food supplements, pharmaceuticals, infant formula, food and beverages, pet food and fish feed. The size of the Omega-3 supplement market is an important part of the global industry. Pharmaceutical applications are growing rapidly with a CAGR of 18% between 2016 and 2022.
Geographically, the global market is segmented between North America, Europe, Asia-Pacific and LAMEA. 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. The Asia-Pacific region is the most attractive region of the world omega-3 market and is expected to be the first preference for new entrants due to the growing number of end users in the region. Consumers are increasingly aware of the benefits of omega-3s, which have influenced their demand. Europe is the second most attractive market in the omega-3 industry, which is expected to grow at a compound annual rate of 14.5%.
Key players Included In this Global Omega-3 Market Report are:
Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS and Polaris.
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