Omega-3 PUFA Market is anticipated to reach US$ 1.96 Bn. by 2029 from US$ 1.44 Bn. in 2021 at a CAGR of 3.89 % during a forecast period.
One type of polyunsaturated fatty acid used to support the cardiovascular system is omega-3 polyunsaturated fatty acids. Both marine and plant sources contain these compounds. Omega 3 PUFA are crucial for the cell membrane’s anti-inflammatory processes, which boost resistance to disease in humans. North America held the largest market share with 46.3%, followed by the APAC region. With EPA making up 64.7% of all Omega-3 polyunsaturated fatty acids, it has historically been the most significant constituent type.
Omega 3 PUFA Market Dynamics:
The need for Omega-3 PUFAs is expanding as cardiovascular diseases become more prevalent. A few of the major contributors to cardiovascular disease, which raises blood pressure and blood glucose levels and leads to overweight and obesity, are unhealthy diets, smoking, and lack of exercise. The World Health Organization reports an increase in the number of heart attacks and stroke deaths. The Omega-3 PUFA Market is therefore anticipated to expand between 2022 and 2029.
As chronic ailments become more common, the market for Disposable Negative Pressure Wound Treatment Devices is expanding. The leading cause of death worldwide is chronic disease. According to estimates, 29% of all deaths in the US are estimated to be caused by chronic illnesses, which affect 40.5% of the population. As a result, between 2022 and 2029, the market for Disposable Negative Pressure Wound Treatment Devices is anticipated to expand.
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Increasing omega-3 PUFA prices and increased competition are two factors that are anticipated to restrain the market’s expansion. Government regulations that are too restrictive and a dearth of products that are used regularly in the market are predicted to hinder growth between 2022 and 2029.
Omega 3 PUFA Market Segmentation Analysis:
By Kind, The important developments, including emulsion and technologies like microencapsulation and stabilisation, assisted in resolving the issue of oxidation susceptibility, enabling the use of EPA/DHA in more food and beverage applications, especially clear beverages. A variety of diseases, including as asthma, cancer, menstrual irregularities, hot flashes, hay fever, lung disorders, lupus erythematosus, and renal disease, are treated with the use of fish oil formulations that mix the EPA and DHA. Because of these health benefits, EPA is increasingly in demand from the pharmaceutical, food and beverage, infant formula, and nutritional supplement industries. This is driving growth in the global EPA/DHA market. Due to the increased demand for plant-based omega-3 PUFA, ALA is anticipated to grow at a higher rate than EPA/DHA over the forecast period.from clients who are vegetarian and vegan all across the world.
During the course of the projection period, the market for plant-derived omega-3 PUFA is anticipated to expand at the fastest rate. The quick expansion of this industry can be attributed to the vegetarian population’s growing predisposition to consume products with ingredients or components made from plant sources. However, marine-sourced omega-3 PUFA held the largest share of the global omega-3 PUFA market in 2017 as a result of elements like its broad range of applications in dietary supplements and infant formula, endorsement from top organisations for its use in various products, and its widespread availability and production.
Via application, The global market for infant formula is expanding as a result of increased birth rates and parental purchasing power. Skimmed, processed cow’s milk is typically used to make infant formula. DHA and ALA, two omega-3 fats, have been shown by the European Food Safety Authority (EFSA) to benefit babies’ visual and cognitive development. Since the US Food and Drug Administration approved the addition of DHA to infant formula in 2001, the majority of formulas on the market now contain this ingredient. Early babies and premature neonates can benefit from formula enriched with DHA.
Market Segmentation
Global Omega-3 PUFA Market: Major Players
Croda Inc.
Denemoga
Royal DSM
Gc Rieber
Polaris
Arista Industries Inc.
Pharma Marine USA LLC
FMC Corporation
Cargill
Incorporated
Omega Protein Corporation
Global Omega-3 PUFA Market: Types
DHA
EPA
ALA
Global Omega-3 PUFA Market: Applications
Dietary Supplements
Functional Foods & Beverages
Pharmaceuticals
Infant Formula
Global Omega-3 PUFA Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Omega-3 PUFA market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
