3 Key Insights on the US$ 4 Bn Opportunity in the Global Omega-3 Product Market: Ken Research

Driven by the increasing demand for supplement products from the pharmaceutical industry; supplements include medicines, liquid products, capsules, and others. The Global Omega-3 Product Market is forecasted to reach ~US$ 4 Bn by 2028 says Ken Research Study

Omega-3 is a fatty acid that can be obtained through fish, fish oils, fatty fish, walnuts, soybeans, and others. Omega-3 supplements are also used to reduce heart diseases and lessen the chances of cardiac arrest. A deficiency of Omega-3 can cause severe infections such as rashes, swollen, scaly skin, and others. Cold-water fatty fish, nuts and seeds, and plant oils such as flaxseed oil, soybean oil, and canola oil are rich in Omega-3 content.

"Ken Research shares 3 key insights on this market from its latest research study."

1. Tremendous Health Benefits of Omega-3 Supplements and Products Intake Drive this Market.

According to Ken Research Analysis, the Global Omega-3 Product Market was valued at US$ 2 billion in 2017, it is estimated to be ~US$ 3 billion in 2022 and is forecasted to reach a market size of ~US$ 4 billion opportunity by 2028, owing to Increasing demand for supplement products and health benefits associated with the consumption of omega-3.

Including omega-3 fatty acids in a regular diet plan has several health benefits such as the reduced risk of cardiovascular diseases, reduced risk of sudden cardiac attack, prevention of blood platelets from clumping together, and others. Fish is the best source of omega-3 fatty acids, and several plants contain ALA (Alpha Lipoic Acids). The plant ALA acid is not a rich source of omega-3 however, it helps in improving health-related diseases.

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2. Growing Demand for Fish Food Worldwide is Fuelling the Growth of the Omega-3 Product Market.

Fish and other seafood had always been in great demand across the world for cuisines and other benefits. According to Our World in Data, a scientific online publication, stated that global production of fish and seafood has quadrupled over the past 50 years. The world produces around 200 million tonnes of fish and seafood every year. China is the world's largest seafood producer.

Fish is a rich source of Omega-3 protein. Multiple types of seafood contain a small amount of Omega-3 fatty acids. The Omega-3 fatty acids in fish are good for the heart and related diseases. Furthermore, as the production and consumption of fish is rising, it is likely to drive the Omega-3 Product Market.

3. Growing Popularity of Vegetarianism Worldwide is Likely to Restraint the growth of the Omega-3 Product Market.

As people are shifting towards the vegetarian food option, it is likely to hamper the growth of the market. In April 2022, DSM N.V. expanded its Omega-3 life product portfolio, which includes products like life's Omega and life's DHA, DSM aimed to create an omega-3 alternative to fish oil with zero impact on marine life.

Numerous competitors also launched their Omega-3 products based on plant sources rather than marine sources, which is also likely to affect the growth of this market. In July 2021, Neptune Wellness Solutions Inc., Canada based health and wellness company, launched forest remedies plant-based multi-Omega-3-6-9 and soft gels.

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Key Topics Covered in the Report

Snapshot of the Global Omega-3 Product Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Omega-3 Product Market
Historic Growth of the Overall Global Omega-3 Product Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Omega-3 Product Industry
Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Global Omega-3 Product Market
Future Market Forecast and Growth Rates of the Total Global Omega-3 Product Market and by Segments
Market Size of Source / Application Segments with Historical CAGR and Future Forecasts
Analysis of the Global Omega-3 Product Market
Major Production/Supply and Consumption/Demand Hubs in Each Major Region
Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Continent

Major Players Mentioned in the Report

Croda International Plc
BASF SA
Cargill Incorporated
Reckitt Benckiser Group PLC
Orkla Health
Aker Biomarine
DSM N.V.
Cellana Inc.
Stepan
Epax

Notable Emerging Companies Mentioned in the Report

Chambio Co., Ltd.
Affiliate Nutra
Makers Nutrition
Wiley's Finest
SMPNutra

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Omega-3 Manufacturing Companies
Omega-3 Distributors
Omega-3 Product Fish Oil Extracting Companies
Potential Investors in Pharma & Wellness Product Companies
Acid Manufacturing and Extracting Companies
Supplements Manufacturing & Distributing Companies
Algae and Vegetable Oil Omega-3 Extracting Companies
Consulting Companies in the Omega-3 Product Market
Government And Research Organizations Working in Food Industry
PE Firms and Investment Banks Targeting Food Industry
PE Firms and Investment Banks Targeting Healthcare Industry

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022-2028F

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-omega-3-product-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.