Omega-3 Market | Covid19 Impact Analysis | Business Outlook, Growth, Revenue, Trends and Forecasts 2030

P&S Intelligence published a new research report, titled, "Omega-3 Market: Global Industry Analysis and Forecast till 2030, The global omega-3 market generated a revenue of $19.7 billion in 2019, and is further expected to reach $49.7 billion in revenue by 2030, exhibiting a CAGR of 8.8% during the forecast period (2020-2030). According to the categorization made based on end user, the dietary supplements category is predicted to register the fastest growth during the forecast period. This can be attributed to the widespread consumption of dietary supplements due to the increasing consumer awareness about the requirement of food supplements and the adoption of healthier lifestyles.

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Due to the consumer's preference for quality sources, the omega-3 market is witnessing an increasing incorporation of plant-based options. As a result, it is expected that the demand for plant-based supplements will witness massive surge over the next decade. Furthermore, due to the increase in concerns raised over the safeguarding of marine ecosystems and biodiversity, the prominent players in the market are developing vegetarian alternatives to fish oil, which is the primary source for omega-3.

One of the biggest trends being witnessed in the omega-3 market is the growing trend of veganism and the resultant consumption of plant-based supplements. The consumers showcasing the inclination toward turning vegan are also exhibiting a shifting consumption trend toward plant-based omega-3 supplements. They are also more likely to accept these supplements.

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This market research report provides a comprehensive overview of the omega-3 market

* Major factors driving the market and their impact during the short, medium, and long terms

* Market restraints and their impact during the short, medium, and long terms

* Recent trends and evolving opportunities for the market participants

* Historical and the present size of the market segments and understand their comparative future potential

* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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