Omega Product Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027

The global omega product market is expected to grow at a significant CAGR during the forecast period (2021-2027). Among omega products, the omega-3 is expected to hold a lucrative share in the market. Many studies are being conducted to investigate the effect of omega-3 in baby food/infant nutrition due to the increasing popularity of omega-3 in other applications. It has been discovered that infants who consume DHA-enriched formula have better cognitive outcomes in life. The majority of brain development in babies happens during pregnancy and the first two years of life. Infants require docosahexaenoic acid (DHA) and arachidonic acid (ARA) throughout this time. These nutrients are crucial for brain development; therefore, omega-3 infant nutrition supplements are becoming increasingly popular. Due to the rise in the number of working individuals in a family, especially women, parents are finding it increasingly difficult to keep track of their children's health.

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The key companies operating in the global omega product market are highly inclined towards the adoption of different growth strategies including partnerships and collaborations, mergers and acquisitions, geographical expansion, new product launches, to remain competitive in the marketplace. For instance, in December of 2019, in collaboration with Swiss pharmaceutical company Ideogen, BASF Nutrition & Health launched its omega 3 fatty acid solution Hepacor on the European market. The patented technology-based approach can support patients control Non-Alcoholic Fatty Liver Disease (NAFLD) by increasing healthy lipids in the bloodstream. Ideogen will promote, sell, and distribute Hepacor as a food supplement for particular medical needs throughout Switzerland. Europe as a whole represents an interesting growth opportunity for BASF in its expansion plans for Hepacor, with its overarching regulatory framework for 'Food for Special Medical Purposes' (FSMPs) and its population of over 700 million people. Fatty acids can help with a variety of health issues, from enhancing brain and heart function to supplementing during pregnancy, which benefits both moms and offspring. Hepacor, which contains highly concentrated and pure eicosapentaenoic acid (EPA) and DHA, is specifically intended to alleviate nutritional insufficiency in NAFLD patients as well as steatosis, a buildup of fat in the liver.

Market Coverage

• The market number available for - 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

Segment Covered-

· By Product

· By Application

· By Distribution Channel

Regions covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape: Amway Corp., Nestle SA, and BASF SE.

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Global Omega Product Market Report by Segment

By Product

· Omega-3

· Omega-6

· Omega-9

By Application

· Dietary Supplements

· Infant Nutrition

· Pharmaceuticals

· Others (Pet Food, Functional Foods)

By Distribution Channel

• Offline

• Online

Global Omega Product Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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