Global Omega3 Market : Future Demand, Market Analysis & Outlook to 2023

Our latest research report entitled Omega3 Market (by application (dietary supplement, fish feed, food and beverage, infant formula, pet food, pharmaceutical and some others), source (marine, nuts and seeds, soya and soy products, vegetable oils and others), type (ALA, DHA, EPA )) provides complete and deep insights into the market dynamics and growth of Omega3. Latest information on market risks, industry chain structure Omega3 cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Omega3 growth factors.

The forecast Omega3 Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Omega3 on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The size of the global omega3 market was approximately USD 10 billion during 2015 and it is projected to reach USD X.XX billion by 2023, growing at a CAGR between 12.0% and 13.0% from 2017 to 2023.

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The increasing applications in functional foods and pharmaceuticals are major growth drivers for the global omega3 market. Increasing awareness about the health benefits of omega3 against chronic diseases among the public is generating more demand for omega3 fatty acids based products. The pharmaceutical companies are introducing more concentrated omega3 products and the increasing preference for those among people is also driving the demand for the market. Increasing demand for omega3 supplements is expected to augment the growth of the market. Moreover, the demand for omega3 supplements is growing rapidly and it is anticipated to enhance the growth of the global omega3 market. Furthermore, the omega3 based infant formulas are expected to generate more demand during the forecast period, as it contains nutrients that help in the growth and development of infants. The new technological advancements in the better encapsulation of omega3 ingredients from the fish source are expected to be a trend in the food and beverage industry worldwide. The absence of a standard for recommended dietary intake is expected to remain as a major restraint for the global omega3 market. The high price is a major restraint for the rapid growth of algal oil as an alternative for fish oil in the global omega3 market. Huge investments in the clinical, as well as commercial research & development for omega3, are yielding more new applications and effective products. It is expected to generate a lot of opportunities for major market players to expand and diversify their product range during the forecast period.

Market Segmentation by Application, Source, Type, and Region

The report segments the global omega3 market by application, source, type, and region. The segmentation of the market by application includes dietary supplement, fish feed, food and beverage, infant formula, pet food, pharmaceutical, and some others. On the basis of source, the market is segmented as marine, nuts and seeds, soya and soy products, vegetable oils and others. Further, based on type, the market is segmented as alpha-linolenic acid (ALA), docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA) and others. Among the types, docosahexaenoic acid (DHA) segment commands a major share in terms of revenue in the global omega3 market. Fish oil accounts for a major share in terms of a source for Omega3 fatty acids. Algae-based omega3 segment attained a significant share in demand in the market due, to the preference from the vegetarians and vegans and it is expected to sustain the growth of the market. Demand for omega3 based animal and pet food are expected to grow significantly during the forecast period, as pet owners prefer nutritional food over conventional food for their pets.

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Competitive Landscape

BASF SE

Cargill Inc.

Croda International PLC

GC Rieber Oils

Martek Biosciences

Pharma Marine AS

Royal DSM

OLVEA Fish Oils

Omega Protein Corporation

Zymes LLC.

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