Omega-3 Fatty Acid Market: Overview
By the end of 2032, the Omega-3 section of the global essential fatty acids market is projected to be worth more than US$ 3.3 billion, with a projected annual growth rate of 10.0%. The market is expected to grow in volume from an estimated 160,021 metric tonnes in 2022 to 417,518 metric tonnes by the end of 2027. Rayner Products creates and sells dependable goods for a range of applications as the Omega-3 segment continues to be a focus in many sustainable applications for EPA and DHA. They are typically utilised in specialised medical institutions as resources to support children’s growth or as preventative medicine devices for chronic disease. the most important fatty acids.
Saturated fat consumption that is excessive can lead to issues with heart health. Cardiovascular disease risk is decreased by essential fatty acids. Low-density lipoprotein cholesterol levels and the risk of cognitive impairment in adults can both be decreased by eating a nutritious diet rich in heart-protective monounsaturated and omega-3 fats. A diet high in fish intake is also recommended by organisations like the World Health Organization and the American Heart Association. Additionally, these groups advise eating primarily fatty fish twice a week. Such measures are assisting in raising Omega 3 demand.
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There is a forthcoming banal trend in demand among consumers, especially those who are allergic to ingesting alternative modes of such consumption as fish oils and fish items, with the incoming batch of medications delivering omega-3, Vascepa and Epanova. A new class of prescription vitamin pills called Vascepa is used to lower triglyceride levels, which are associated with a higher risk of developing heart and pancreatic illnesses. Future manufacturers’ greater willingness to invest in these kinds of medications will likely lead to an earlier provision, which will raise the need for Omega-3 discovery and study.
Market-available essential fatty acids are free of any traces of metal. Producers are looking for ways to use cutting-edge technologies for the creation of solvent-free procedures and ecologically friendly practises to increase the quality of Omega-3 fatty acids. Since of global organisations, and in particular because Latin American manufacturers have a significant impact on the fishing sector, which results from this demand, the purity of essential fatty acids has grown to be a significant public concern. Demand in the market is being driven by growing customer confidence in omega-3’s purity and superior benefits.
By 2022, omega-3 essential fatty acids are expected to account for over 70% of the market for essential fatty acids in Western Europe. By 2032, this market share is expected to increase by more than 225 basis points to over 80%. This study can be attributable to the wide variety of extraction technology that several enterprises in this sector have developed.
Acidic Acid is produced by businesses like Arctic Nutrition and sold under the Romega brand name. In the APEJ essential fatty acids market, omega-3 is the most promising product category with a projected market share of over 75% by 2032’s end.
Global Omega-3 Fatty Acid Market: Major Players
Bioriginal Food & Science Corporation
Wiley’s Finest Inc
Nordic Naturals, Inc.
Organic Technologies
Neptune Technologies & Bioressources Inc.
Cellana Inc.
Amway
Zymes LLC
Pharmachem Laboratories, Inc.
Marine Ingredients
Global Omega-3 Fatty Acid Market: Types
ALA
EPA
DHA
Global Omega-3 Fatty Acid Market: Applications
Pharmaceuticals
Functional foods
Healthcare
Due to the expanding potential for product use in medications, market players are likely to develop an increasing number of pharmaceutical products containing omega 3. For instance, in November 2019, Ideogen and BASF Nutrition and Health collaborated to produce an omega-3 solution that treats the chronic disease Non-Alcoholic Fatty Liver Disease (NAFLD).
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Key Points:
Define, describe and forecast Omega-3 Fatty Acid product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
