Press release
Omega-3 Market Size is Booming Worldwide at a Significant Growth | CAGR 14.1%.
According to a new report published by Allied Market Research, titled, "Omega-3 Market, by Type, Source, and Application: Global Opportunity Analysis and Industry Forecast, 2014 - 2022,"Download Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/1680
The omega-3 market is expected to reach $6,955 million by 2022, with a CAGR of 14.9% from 2016 to 2022.
Docosahexaenoic acid segment (DHA) dominated with three-fourths market share, in terms of revenue, in 2015. supplement application accounted for three-fifths of the global omega-3 market share, in terms of volume, in 2015 and is anticipated to grow at a CAGR of 14.1%.
The world ALA omega-3 market accounted for over $234 million in 2015. North America dominated the world ALA omega-3 market, in terms of revenue, generating $96 million in 2015. According to Eswara Prasad, Team Lead-Chemicals & Materials at Allied Market Research, "The global ALA market has great potential as compared to DHA and EPA as consumers constantly look for alternatives of fish oil".
Omega-3 has a wide range of applications such as supplement, pharmaceutical, infant formula, food & beverage, pet food, and fish feed. supplement is the major application and accounted for three-fifths of the global omega-3 market volume in 2015. Pharmaceutical is expected to grow (in terms of revenue) at CAGR of 18% from 2016 to 2022. The consumption of omega-3 (in terms of volume) in pharmaceutical and infant formula is estimated to increase at a higher CAGR of 18.8% and 16.3%, respectively, during the forecast period.
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The omega-3 market for infant formula witnesses' high growth rate, in the packaged food category, due to developments in Asia (particularly China), East Europe markets, and in some parts of Middle East and Latin America. Increase in the global omega-3 production and rise in its demand are the major reasons for the higher growth rate in countries such as Mexico, The Netherlands, Poland, India, and Brazil.
The companies in this market adopt expansion and acquisition as their key strategies to develop distinguished products and reduce competition by capturing additional market share. The prominent players profiled in this report include Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS, and Polaris.
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Key findings of the study:
North America was the dominant region in 2015 both in terms of value & volume and is expected to continue this trend throughout the forecast period.
Revenue generated by nuts & seeds is estimated to grow at a CAGR of 25.8%.
supplement accounted for three-fifths of the global omega-3 demand in 2015.
Fish & krill oil sources dominated, in terms of revenue, in 2015 and is projected to grow at a CAGR of 14.2%.
DHA segment is expected to remain dominant throughout the period under consideration.
U.S. contributed to one-third of the market revenue in 2015.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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