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 gummies 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: –
Global Omega-3 Product Market: Ken Research
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