Omega 3 Market

Omega 3 Market Size, Share, Growth Analysis, By Region(North America, Europe) - Industry Forecast 2024-2031

Report ID: UCMIG30I2255 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Omega 3 Market Insights

Market Overview:

In 2021, the Omega 3 Market achieved a valuation of USD 2.25 billion, and it is projected to exhibit substantial growth, reaching USD 4.48 billion by 2030 from an estimated USD 2.43 billion in 2022. This remarkable expansion is driven by a compounded annual growth rate (CAGR) of 7.8% during the forecast period of 2023-2030. The increasing awareness of the health benefits associated with Omega 3 fatty acids, coupled with the growing demand for functional foods and dietary supplements, serves as a driving force behind this anticipated growth trajectory in the Omega 3 market.

Omega 3 Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Omega 3 Market is segmented by Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Omega 3 Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Region the market is segmented as, North America, Europe, Asia Pacific, Latin America, Middle East & Africa, KEY MARKET PLAYERS, DSM, BASF, Croda International, Lonza, Epax Norway, GC Rieber Oils, Omega Protein Corporation, Arista Industries, Omega-3 Innovations, Polaris, Cargill, KD Pharma Group, Nordic Naturals, Aker BioMarine, Pharma Marine, Golden Omega, Corbion, Clover Corporation, Huatai Biopharm Inc., Sinomega Biotech Engineering Co., Ltd.

Regional Analysis:

Omega 3 Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Omega 3 Market Attractiveness Analysis, By Region 2020-2028
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Omega 3 Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Omega 3 Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Omega 3 Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Omega 3 Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Omega 3 Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • ket size was valued at USD 2.25 billion in 2021 and is poised to grow from USD 2.43 billion in 2022 to USD 4.48 billion by 2030, growing at a CAGR of 7.8% in the forecast period (2023-2030).
  • The rise in demand for omega-3 is highly growing because there are more cases of heart disease and the change in dietary patterns is one of the significant reasons for rise in cardiovascular diseases. The increasing importance of immunity development in the wake of the COVID-19 pandemic has helped fuel the market.
  • Increasing the addition of omega-3 ingredients in the diet to support heart and brain health is expected to increase product demand. The global market for dietary supplements and functional foods is seeing strong growth, largely due to increasing demand from consumers.
  • The growing awareness of the health benefits of polyunsaturated fatty acids and the increasing availability of technology that improves their bioavailability are major factors fuelling the growth of the global omega fatty acid ingredients market.
  • Omega-3 fatty acids contain a variety of plant-based oils, such as those found in nuts and oils from fish. These fatty acids are important for health and can be found in many types of seafood.
  • Essential fatty acids are important for human health. Omega-3 fatty acids are one type of essential fatty acid. These fatty acids are necessary for the function of the brain and for the growth and development of humans. Omega-3 fatty acids have been shown to lower the risk of chronic diseases, such as cancer, heart disease, and arthritis. Therefore, these factors will boost the demand for omega-3 in the global market.
  • The market value in North America stood at 62 million in 2022 and is predicted to grow at a CAGR of 4.71%. The growth of North American market for polyunsaturated fatty acids is due to the increasing awareness of the health benefits of these nutrients.
  • The increasing currency of lifestyle-related health conditions, increasing number of older people, and stress of a hectic lifestyle will create a huge demand for dietary supplements and functional food in this region.
  • The rising trend of veganism and vegetarianism in the region will result in huge demand for plant-based fatty acids. The recent development by the U.S. Food and Drug Administration (FDA) confirmed that these products can reduce the risk of cardiovascular conditions, thus boosting its demand in this region.
  • Asia Pacific has immense potential for the omega fatty acids market, and it is expected to witness growth rates higher than the global average. The increase in the market for healthcare products is due to an increased awareness of the health benefits and an increase in people's optional income. This allows people to spend more on products that promote health.
  • Global Omega 3 Market Dynamics
  • Omega 3 Market Drivers
  • Several Health Benefits from Consuming Omega-3 to Boost its Demand in Forecast Period
  • The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. The folate nutrient can help reduce triglyceride levels, slow the growth of atherosclerotic plaque, and reduce blood pressure. The trend of consumers choosing healthier alternatives and viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle is growing. Omega 3s are more popular because they are a good source of vitamins, proteins, and minerals and can help deal with diseases like cancer, asthma, and depression. Various factors that affect consumers' purchasing decisions are brand name, nutritional value, and product safety.
  • Omega 3 Market Restraints
  • Fish Farming’s Impact on Environment to Hamper Market Growth
  • A shortage of fish due to uneven catch and increasing demand for fish from other sources is limiting the market growth. Excessive environmental metals and hazardous pollutants are causing fish to become toxic, which is likely to slow down their growth.
  • Global Omega 3 Market Competitive Landscape
  • The global omega-3 market is fragmented in nature as various players are entering the global and regional markets. These players are investing in collaborations, mergers, acquisitions, and partnerships to stay ahead of the competition. They are also investing in R&D activities to expand their product portfolio and expand their consumer base.
  • Omega 3 Market Recent Developments
  • In July 2021, Neptune wellness arrangements Inc, a differentiated and completely coordinated wellbeing and wellness organization centred on plant based, sustainable and purpose driven way of life brands presented a unuse timberlands cured plant based multi omega 3-6-9 gummies delicate gels with tailflower as a major fixing. This new product can help consumer to fulfil the nutrient requirements of the human body.
  • In February 2021, India based start-up Oziva announced the launch of new vegan omega 3 multivitamins to fulfil the increasing the demand for plant based dietary supplements.
  • Global Omega 3 Key Market Trends
  • Gummy Bears to Gain Massive Momentum during Forecast Period
  • In recent years, there has been a rise in the prevalence of health conditions caused by a sedentary lifestyle, stress, aging, and other hereditary factors. This trend has led to the exploration of various ingredients that can positively affect certain body functions to maintain overall health and well-being. Gummy bears are gaining a lot of popularity in current times as they are marketed well. They are easy to consume and are presented very well. Social media is aggressively marketing these products to consumers, therefore a lot of people are buying supplements in the form of gummy bears.
  • Global Omega 3 Market SkyQuest Analysis
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research
  • According to global omega-3 market report analysis, the market is expected to rise in demand in the coming years. The market is expected to go through evolution as consumer demands are changing. Investing in product portfolio expansion and marketing the products correctly can provide players with added advantages. Consumers are looking to invest in supplements that are easy to consume, ecological ethical, and is promising in its results. Therefore, players in the market need to focus on branching out and investing in R&D activities.
  • KEY MARKET SEGMENTS
  • Type
  • Docosahexaenoic acid (DHA)
  • Eicosapentaenoic acid (EPA)
  • Alpha-lionlenic acid (ALA)
  • Source
  • concentrates
  • fish oil
  • algal oil
  • krill oil
  • walnut
  • pumpkin seeds
  • soybean oil
  • canola oil
  • bean curd
  • others
  • Application
  • Supplements & Functional foods
  • Pharmaceuticals
  • Infant Formula
  • Animal Feed & Pet Food
  • Food & beverages
  • others
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • DSM
  • BASF
  • Croda International
  • Lonza
  • Epax Norway
  • GC Rieber Oils
  • Omega Protein Corporation
  • Arista Industries
  • Omega-3 Innovations
  • Polaris
  • Cargill
  • KD Pharma Group
  • Nordic Naturals
  • Aker BioMarine
  • Pharma Marine
  • Golden Omega
  • Corbion
  • Clover Corporation
  • Huatai Biopharm Inc.
  • Sinomega Biotech Engineering Co., Ltd.

SkyQuest's Expertise:

The Omega 3 Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Region - North America, Europe, Asia Pacific, Latin America, Middle East & Africa, KEY MARKET PLAYERS, DSM, BASF, Croda International, Lonza, Epax Norway, GC Rieber Oils, Omega Protein Corporation, Arista Industries, Omega-3 Innovations, Polaris, Cargill, KD Pharma Group, Nordic Naturals, Aker BioMarine, Pharma Marine, Golden Omega, Corbion, Clover Corporation, Huatai Biopharm Inc., Sinomega Biotech Engineering Co., Ltd.
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • ket size was valued at USD 2.25 billion in 2021 and is poised to grow from USD 2.43 billion in 2022 to USD 4.48 billion by 2030, growing at a CAGR of 7.8% in the forecast period (2023-2030).
  • The rise in demand for omega-3 is highly growing because there are more cases of heart disease and the change in dietary patterns is one of the significant reasons for rise in cardiovascular diseases. The increasing importance of immunity development in the wake of the COVID-19 pandemic has helped fuel the market.
  • Increasing the addition of omega-3 ingredients in the diet to support heart and brain health is expected to increase product demand. The global market for dietary supplements and functional foods is seeing strong growth, largely due to increasing demand from consumers.
  • The growing awareness of the health benefits of polyunsaturated fatty acids and the increasing availability of technology that improves their bioavailability are major factors fuelling the growth of the global omega fatty acid ingredients market.
  • Omega-3 fatty acids contain a variety of plant-based oils, such as those found in nuts and oils from fish. These fatty acids are important for health and can be found in many types of seafood.
  • Essential fatty acids are important for human health. Omega-3 fatty acids are one type of essential fatty acid. These fatty acids are necessary for the function of the brain and for the growth and development of humans. Omega-3 fatty acids have been shown to lower the risk of chronic diseases, such as cancer, heart disease, and arthritis. Therefore, these factors will boost the demand for omega-3 in the global market.
  • The market value in North America stood at 62 million in 2022 and is predicted to grow at a CAGR of 4.71%. The growth of North American market for polyunsaturated fatty acids is due to the increasing awareness of the health benefits of these nutrients.
  • The increasing currency of lifestyle-related health conditions, increasing number of older people, and stress of a hectic lifestyle will create a huge demand for dietary supplements and functional food in this region.
  • The rising trend of veganism and vegetarianism in the region will result in huge demand for plant-based fatty acids. The recent development by the U.S. Food and Drug Administration (FDA) confirmed that these products can reduce the risk of cardiovascular conditions, thus boosting its demand in this region.
  • Asia Pacific has immense potential for the omega fatty acids market, and it is expected to witness growth rates higher than the global average. The increase in the market for healthcare products is due to an increased awareness of the health benefits and an increase in people's optional income. This allows people to spend more on products that promote health.
  • Global Omega 3 Market Dynamics
  • Omega 3 Market Drivers
  • Several Health Benefits from Consuming Omega-3 to Boost its Demand in Forecast Period
  • The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. The folate nutrient can help reduce triglyceride levels, slow the growth of atherosclerotic plaque, and reduce blood pressure. The trend of consumers choosing healthier alternatives and viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle is growing. Omega 3s are more popular because they are a good source of vitamins, proteins, and minerals and can help deal with diseases like cancer, asthma, and depression. Various factors that affect consumers' purchasing decisions are brand name, nutritional value, and product safety.
  • Omega 3 Market Restraints
  • Fish Farming’s Impact on Environment to Hamper Market Growth
  • A shortage of fish due to uneven catch and increasing demand for fish from other sources is limiting the market growth. Excessive environmental metals and hazardous pollutants are causing fish to become toxic, which is likely to slow down their growth.
  • Global Omega 3 Market Competitive Landscape
  • The global omega-3 market is fragmented in nature as various players are entering the global and regional markets. These players are investing in collaborations, mergers, acquisitions, and partnerships to stay ahead of the competition. They are also investing in R&D activities to expand their product portfolio and expand their consumer base.
  • Omega 3 Market Recent Developments
  • In July 2021, Neptune wellness arrangements Inc, a differentiated and completely coordinated wellbeing and wellness organization centred on plant based, sustainable and purpose driven way of life brands presented a unuse timberlands cured plant based multi omega 3-6-9 gummies delicate gels with tailflower as a major fixing. This new product can help consumer to fulfil the nutrient requirements of the human body.
  • In February 2021, India based start-up Oziva announced the launch of new vegan omega 3 multivitamins to fulfil the increasing the demand for plant based dietary supplements.
  • Global Omega 3 Key Market Trends
  • Gummy Bears to Gain Massive Momentum during Forecast Period
  • In recent years, there has been a rise in the prevalence of health conditions caused by a sedentary lifestyle, stress, aging, and other hereditary factors. This trend has led to the exploration of various ingredients that can positively affect certain body functions to maintain overall health and well-being. Gummy bears are gaining a lot of popularity in current times as they are marketed well. They are easy to consume and are presented very well. Social media is aggressively marketing these products to consumers, therefore a lot of people are buying supplements in the form of gummy bears.
  • Global Omega 3 Market SkyQuest Analysis
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research
  • According to global omega-3 market report analysis, the market is expected to rise in demand in the coming years. The market is expected to go through evolution as consumer demands are changing. Investing in product portfolio expansion and marketing the products correctly can provide players with added advantages. Consumers are looking to invest in supplements that are easy to consume, ecological ethical, and is promising in its results. Therefore, players in the market need to focus on branching out and investing in R&D activities.
  • KEY MARKET SEGMENTS
  • Type
  • Docosahexaenoic acid (DHA)
  • Eicosapentaenoic acid (EPA)
  • Alpha-lionlenic acid (ALA)
  • Source
  • concentrates
  • fish oil
  • algal oil
  • krill oil
  • walnut
  • pumpkin seeds
  • soybean oil
  • canola oil
  • bean curd
  • others
  • Application
  • Supplements & Functional foods
  • Pharmaceuticals
  • Infant Formula
  • Animal Feed & Pet Food
  • Food & beverages
  • others
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • DSM
  • BASF
  • Croda International
  • Lonza
  • Epax Norway
  • GC Rieber Oils
  • Omega Protein Corporation
  • Arista Industries
  • Omega-3 Innovations
  • Polaris
  • Cargill
  • KD Pharma Group
  • Nordic Naturals
  • Aker BioMarine
  • Pharma Marine
  • Golden Omega
  • Corbion
  • Clover Corporation
  • Huatai Biopharm Inc.
  • Sinomega Biotech Engineering Co., Ltd.
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Omega 3 Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Omega 3 Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • ket size was valued at USD 2.25 billion in 2021 and is poised to grow from USD 2.43 billion in 2022 to USD 4.48 billion by 2030, growing at a CAGR of 7.8% in the forecast period (2023-2030).
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The rise in demand for omega-3 is highly growing because there are more cases of heart disease and the change in dietary patterns is one of the significant reasons for rise in cardiovascular diseases. The increasing importance of immunity development in the wake of the COVID-19 pandemic has helped fuel the market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Increasing the addition of omega-3 ingredients in the diet to support heart and brain health is expected to increase product demand. The global market for dietary supplements and functional foods is seeing strong growth, largely due to increasing demand from consumers.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The growing awareness of the health benefits of polyunsaturated fatty acids and the increasing availability of technology that improves their bioavailability are major factors fuelling the growth of the global omega fatty acid ingredients market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Omega-3 fatty acids contain a variety of plant-based oils, such as those found in nuts and oils from fish. These fatty acids are important for health and can be found in many types of seafood.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Essential fatty acids are important for human health. Omega-3 fatty acids are one type of essential fatty acid. These fatty acids are necessary for the function of the brain and for the growth and development of humans. Omega-3 fatty acids have been shown to lower the risk of chronic diseases, such as cancer, heart disease, and arthritis. Therefore, these factors will boost the demand for omega-3 in the global market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market value in North America stood at 62 million in 2022 and is predicted to grow at a CAGR of 4.71%. The growth of North American market for polyunsaturated fatty acids is due to the increasing awareness of the health benefits of these nutrients.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The increasing currency of lifestyle-related health conditions, increasing number of older people, and stress of a hectic lifestyle will create a huge demand for dietary supplements and functional food in this region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The rising trend of veganism and vegetarianism in the region will result in huge demand for plant-based fatty acids. The recent development by the U.S. Food and Drug Administration (FDA) confirmed that these products can reduce the risk of cardiovascular conditions, thus boosting its demand in this region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific has immense potential for the omega fatty acids market, and it is expected to witness growth rates higher than the global average. The increase in the market for healthcare products is due to an increased awareness of the health benefits and an increase in people's optional income. This allows people to spend more on products that promote health.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Omega 3 Market Dynamics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Omega 3 Market Drivers
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Several Health Benefits from Consuming Omega-3 to Boost its Demand in Forecast Period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. The folate nutrient can help reduce triglyceride levels, slow the growth of atherosclerotic plaque, and reduce blood pressure. The trend of consumers choosing healthier alternatives and viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle is growing. Omega 3s are more popular because they are a good source of vitamins, proteins, and minerals and can help deal with diseases like cancer, asthma, and depression. Various factors that affect consumers' purchasing decisions are brand name, nutritional value, and product safety.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Omega 3 Market Restraints
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Fish Farming’s Impact on Environment to Hamper Market Growth
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • A shortage of fish due to uneven catch and increasing demand for fish from other sources is limiting the market growth. Excessive environmental metals and hazardous pollutants are causing fish to become toxic, which is likely to slow down their growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Omega 3 Market Competitive Landscape
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The global omega-3 market is fragmented in nature as various players are entering the global and regional markets. These players are investing in collaborations, mergers, acquisitions, and partnerships to stay ahead of the competition. They are also investing in R&D activities to expand their product portfolio and expand their consumer base.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Omega 3 Market Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In July 2021, Neptune wellness arrangements Inc, a differentiated and completely coordinated wellbeing and wellness organization centred on plant based, sustainable and purpose driven way of life brands presented a unuse timberlands cured plant based multi omega 3-6-9 gummies delicate gels with tailflower as a major fixing. This new product can help consumer to fulfil the nutrient requirements of the human body.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2021, India based start-up Oziva announced the launch of new vegan omega 3 multivitamins to fulfil the increasing the demand for plant based dietary supplements.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Omega 3 Key Market Trends
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Gummy Bears to Gain Massive Momentum during Forecast Period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In recent years, there has been a rise in the prevalence of health conditions caused by a sedentary lifestyle, stress, aging, and other hereditary factors. This trend has led to the exploration of various ingredients that can positively affect certain body functions to maintain overall health and well-being. Gummy bears are gaining a lot of popularity in current times as they are marketed well. They are easy to consume and are presented very well. Social media is aggressively marketing these products to consumers, therefore a lot of people are buying supplements in the form of gummy bears.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Omega 3 Market SkyQuest Analysis
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • According to global omega-3 market report analysis, the market is expected to rise in demand in the coming years. The market is expected to go through evolution as consumer demands are changing. Investing in product portfolio expansion and marketing the products correctly can provide players with added advantages. Consumers are looking to invest in supplements that are easy to consume, ecological ethical, and is promising in its results. Therefore, players in the market need to focus on branching out and investing in R&D activities.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Type
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Docosahexaenoic acid (DHA)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Eicosapentaenoic acid (EPA)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Alpha-lionlenic acid (ALA)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Source
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • concentrates
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • fish oil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • algal oil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • krill oil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • walnut
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • pumpkin seeds
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • soybean oil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • canola oil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • bean curd
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Supplements & Functional foods
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Pharmaceuticals
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Infant Formula
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Animal Feed & Pet Food
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Food & beverages
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • DSM
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • BASF
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Croda International
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Lonza
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Epax Norway
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • GC Rieber Oils
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Omega Protein Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Arista Industries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Omega-3 Innovations
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Polaris
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cargill
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KD Pharma Group
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Nordic Naturals
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Aker BioMarine
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Pharma Marine
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Golden Omega
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Corbion
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Clover Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Huatai Biopharm Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Sinomega Biotech Engineering Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Omega 3 Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Omega 3 Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Omega 3 Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Omega 3 Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Omega 3 was estimated to be valued at US$ XX Mn in 2021.

The global Omega 3 Market is estimated to grow at a CAGR of XX% by 2028.

The global Omega 3 Market is segmented on the basis of Region.

Based on region, the global Omega 3 Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Omega 3 Market are ket size was valued at USD 2.25 billion in 2021 and is poised to grow from USD 2.43 billion in 2022 to USD 4.48 billion by 2030, growing at a CAGR of 7.8% in the forecast period (2023-2030). , The rise in demand for omega-3 is highly growing because there are more cases of heart disease and the change in dietary patterns is one of the significant reasons for rise in cardiovascular diseases. The increasing importance of immunity development in the wake of the COVID-19 pandemic has helped fuel the market. , Increasing the addition of omega-3 ingredients in the diet to support heart and brain health is expected to increase product demand. The global market for dietary supplements and functional foods is seeing strong growth, largely due to increasing demand from consumers. , The growing awareness of the health benefits of polyunsaturated fatty acids and the increasing availability of technology that improves their bioavailability are major factors fuelling the growth of the global omega fatty acid ingredients market. , Omega-3 fatty acids contain a variety of plant-based oils, such as those found in nuts and oils from fish. These fatty acids are important for health and can be found in many types of seafood. , Essential fatty acids are important for human health. Omega-3 fatty acids are one type of essential fatty acid. These fatty acids are necessary for the function of the brain and for the growth and development of humans. Omega-3 fatty acids have been shown to lower the risk of chronic diseases, such as cancer, heart disease, and arthritis. Therefore, these factors will boost the demand for omega-3 in the global market. , The market value in North America stood at 62 million in 2022 and is predicted to grow at a CAGR of 4.71%. The growth of North American market for polyunsaturated fatty acids is due to the increasing awareness of the health benefits of these nutrients. , The increasing currency of lifestyle-related health conditions, increasing number of older people, and stress of a hectic lifestyle will create a huge demand for dietary supplements and functional food in this region. , The rising trend of veganism and vegetarianism in the region will result in huge demand for plant-based fatty acids. The recent development by the U.S. Food and Drug Administration (FDA) confirmed that these products can reduce the risk of cardiovascular conditions, thus boosting its demand in this region. , Asia Pacific has immense potential for the omega fatty acids market, and it is expected to witness growth rates higher than the global average. The increase in the market for healthcare products is due to an increased awareness of the health benefits and an increase in people's optional income. This allows people to spend more on products that promote health. , Global Omega 3 Market Dynamics , Omega 3 Market Drivers , Several Health Benefits from Consuming Omega-3 to Boost its Demand in Forecast Period , The omega-3 fatty acids help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. The folate nutrient can help reduce triglyceride levels, slow the growth of atherosclerotic plaque, and reduce blood pressure. The trend of consumers choosing healthier alternatives and viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle is growing. Omega 3s are more popular because they are a good source of vitamins, proteins, and minerals and can help deal with diseases like cancer, asthma, and depression. Various factors that affect consumers' purchasing decisions are brand name, nutritional value, and product safety. , Omega 3 Market Restraints , Fish Farming’s Impact on Environment to Hamper Market Growth , A shortage of fish due to uneven catch and increasing demand for fish from other sources is limiting the market growth. Excessive environmental metals and hazardous pollutants are causing fish to become toxic, which is likely to slow down their growth. , Global Omega 3 Market Competitive Landscape , The global omega-3 market is fragmented in nature as various players are entering the global and regional markets. These players are investing in collaborations, mergers, acquisitions, and partnerships to stay ahead of the competition. They are also investing in R&D activities to expand their product portfolio and expand their consumer base. , Omega 3 Market Recent Developments , In July 2021, Neptune wellness arrangements Inc, a differentiated and completely coordinated wellbeing and wellness organization centred on plant based, sustainable and purpose driven way of life brands presented a unuse timberlands cured plant based multi omega 3-6-9 gummies delicate gels with tailflower as a major fixing. This new product can help consumer to fulfil the nutrient requirements of the human body. , In February 2021, India based start-up Oziva announced the launch of new vegan omega 3 multivitamins to fulfil the increasing the demand for plant based dietary supplements. , Global Omega 3 Key Market Trends , Gummy Bears to Gain Massive Momentum during Forecast Period , In recent years, there has been a rise in the prevalence of health conditions caused by a sedentary lifestyle, stress, aging, and other hereditary factors. This trend has led to the exploration of various ingredients that can positively affect certain body functions to maintain overall health and well-being. Gummy bears are gaining a lot of popularity in current times as they are marketed well. They are easy to consume and are presented very well. Social media is aggressively marketing these products to consumers, therefore a lot of people are buying supplements in the form of gummy bears. , Global Omega 3 Market SkyQuest Analysis , SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research , According to global omega-3 market report analysis, the market is expected to rise in demand in the coming years. The market is expected to go through evolution as consumer demands are changing. Investing in product portfolio expansion and marketing the products correctly can provide players with added advantages. Consumers are looking to invest in supplements that are easy to consume, ecological ethical, and is promising in its results. Therefore, players in the market need to focus on branching out and investing in R&D activities. , KEY MARKET SEGMENTS , Type , Docosahexaenoic acid (DHA) , Eicosapentaenoic acid (EPA) , Alpha-lionlenic acid (ALA) , Source , concentrates , fish oil , algal oil , krill oil , walnut , pumpkin seeds , soybean oil , canola oil , bean curd , others , Application , Supplements & Functional foods , Pharmaceuticals , Infant Formula , Animal Feed & Pet Food , Food & beverages , others , By Region , North America , Europe , Asia Pacific , Latin America , Middle East & Africa , KEY MARKET PLAYERS , DSM , BASF , Croda International , Lonza , Epax Norway , GC Rieber Oils , Omega Protein Corporation , Arista Industries , Omega-3 Innovations , Polaris , Cargill , KD Pharma Group , Nordic Naturals , Aker BioMarine , Pharma Marine , Golden Omega , Corbion , Clover Corporation , Huatai Biopharm Inc. , Sinomega Biotech Engineering Co., Ltd. .

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