Press release
Omega-3 Fatty Acids Market 2020-2026 is Booming With Healthy CAGR || Leading Players - Cargill, Incorporated; Epax; Croda International Plc; DSM; Evonik Industries AG; Omega Protein Corporation;
Global Omega-3 Fatty Acids Market 2020
By thinking from the customer point of view, a team of researchers, analysts and industry experts work carefully to generate global Omega-3 Fatty Acids market research report. This business report studies the market at regional and global level by considering major geographical areas. Besides, this market research document makes clients aware about the various strategies that are used by key players of the market. To succeed in this promptly changing market place, businesses must take up the market research report solution such as Omega-3 Fatty Acids market research report. The market data and information included in this industry report not only aids business make data-driven decisions but also assures maximum return on investment (ROI).
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Global omega-3 fatty acids market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the innovations in the overall production methods presented by the manufacturers.
Few of the major competitors currently working in the global?omega-3 fatty acids market?are?Cargill, Incorporated; Epax; Croda International Plc; DSM; Evonik Industries AG; Omega Protein Corporation; ARISTA INDUSTRIES; Polaris; Pharma Marine AS; GC Rieber; Merck KGaA; Novasep Inc.; Corbion; Qualitas-Health; Arjuna Natural Extracts Ltd.; Nordic Naturals, Inc.; Wiley's Finest; Organic Technologies; Cellana Inc.; Bioriginal Food & Science Corp; Neptune Wellness Solutions; KD Nutra among others.
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Market Definition:?Global Omega-3 Fatty Acids Market:-
Omega-3 fatty acids are a type of polyunsaturated fatty acids that are defined as having the presence of carbon double bond in their chemical structure. These acids are commonly available in different kinds of plants and marine animals. Due to the lack of formulation of these acids by the human body and their essential nature in various bodily functions, it is extracted from different sources and processed for the consumption of humans.
Omega-3 Fatty Acids Market Drivers:-
Increasing focus of individuals regarding the prevention of diseases rather than their cure; this factor is expected to boost the growth of the market
High levels of awareness amongst the consumers regarding the nutritional benefits associated with the product also augments the market growth
Growing levels of applications of the product from a number of markets/industries is expected to drive the growth of the market
High levels of incidences of chronic disorders resulting in an increase in applications for functional foods & pharmaceuticals also drives the market growth
Omega-3 Fatty Acids Market Restraints:-
Concerns regarding the lack of sustainable nature of marine fisheries to provide a consistent supply of fish oil; this factor is expected to restrict the growth of the market
Large levels of financial costs associated with the research & development activities of these products hinders the market growth
Vulnerable nature of raw material, along with lower catch of fishes giving rise to the prices of fish oil also restricts the growth of this market
Segmentation:?Global Omega-3 Fatty Acids Market :-
Omega-3 Fatty Acids Market : By Type
Docosahexaenoic Acid (DHA)
Eicosapentaenoic Acid (EPA)
Alpha-Linolenic Acid (ALA)
Omega-3 Fatty Acids Market : By Source
Marine
Plant
Omega-3 Fatty Acids Market : By Manufacturing Process
Concentration Process
Fish Oil Processing
Decontamination
Others
Omega-3 Fatty Acids Market : By Application
Dietary Supplements
Functional Food & Beverages
Pharmaceuticals
Infant Formula
Clinical Nutrition
Pet Foods & Supplements
Others
Omega-3 Fatty Acids Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Omega-3 Fatty Acids Market:-
In July 2019, DSM and Evonik Industries AG announced the inauguration of their joint venture, "Verarmaris" commercial-scale production facility situated in Blair, Nebraska, United States. The production site will provide commercial-production of omega-3 fatty acids that are rich providers of EPA and DHA extracted from marine algae for sustainable salmon farming
In October 2018, Cargill, Incorporated announced the availability of "Latitude" fish-oil alternative produced from plants providing long chain Omega-3 fatty acids for aquafeed applications. The product is managed completely by Cargill, Incorporated with complete traceability transparency available for the product making it the first of its kind in the industry
Competitive Analysis: Omega-3 Fatty Acids Market:-
Global omega-3 fatty acids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of omega-3 fatty acids market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:-
Competitive analysis of key competitors involved in the market
Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
Market drivers and restraints analysis along with the analysis of the market structure
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