DUBLIN, November 18, 2022 /PRNewswire/ — Added the Global Omega 3 Market: Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022-2030 report ResearchAndMarkets.com Offer.
Omega-3 fatty acids come in three main forms: eicosapentaenoic acid (EPA), alpha-linolenic acid (ALA), and docosahexaenoic acid (DHA). EPA and DHA are found primarily in marine animals such as oily fish and krill, and are primarily advertised for their heart benefits. While ALA is found in vegetable seed oils like walnuts, flaxseed, hemp. Of the two, the animal variety, ie EPA and DHA, is more heavily promoted as most of the health benefits are associated with it.
EPA and DHA can help reduce several risk factors for cardiovascular disease, and many experts recommend consuming omega-3 fatty acids to support heart health. DHA is considered important for visual and neurological development in infants. Research has also shown that poor memory is linked to low DHA levels, and DHA supplements support brain health in aging brains. It also supports eye health as DHA is the raw material that helps prevent damage to retinal cells.
In recent years, due to the increasing focus on the health benefits of omega-3 fatty acids, it has become a multi-billion dollar business, with Americans alone spending more than 2 billion dollars to foods enriched with omega-3 fats. As research and awareness continues to increase, consumption of omega-3 fatty acids is expected to increase.
The global omega-3 nutritional gap is far from being closed either. Cardiovascular health benefits are the main driver, and supplements that provide this are expected to have a market value of about 8 billion dollars by 2018. The opportunity for supplements to improve the brain and vision is more than appreciated 500 million dollars by 2018. Dietary supplements are not the only form in which omega-3 fatty acids are available, in fact packaged foods and beverages rich in omega-3 fatty acids have had a higher growth rate than dietary supplements in recent years.
In 2021, the sea source accounted for the largest market share and is expected to maintain its dominance over the forecast period. Krill and fish oils are two important marine sources of omega-3 fatty acids. The availability of different types of fish and the numerous health benefits they offer are expected to be the main factor driving the market growth. Krill represents the largest biomass on earth, which ensures the availability of the raw material source for krill oil.
However, due to the trend reversal towards non-animal dietary supplements, the growth of the market is expected to be restrained. In addition, due to the increase in manufacturing costs due to the presence of toxins along with the lower production, it is expected that the use of fish oil in this industry will be restricted. Other sources such as nuts and seeds, vegetable oils, and soy and soy products are likely to have a positive impact on the market.
Omega 3 are used in various applications. Among all applications, the dietary supplement segment had the largest market share. The dietary supplement segment accounts for more than 50% of the market. This segment is growing due to the increasing importance of omega-3 supplements. Due to the increasing importance of ALA for the functional development of infants during pregnancy and in the first two years after birth, significant growth is forecast for the infant formula segment. In addition, governments are educating people, especially in emerging markets, about the importance of infant health, which is expected to further fuel growth. The food and beverage segment is expected to grow due to increasing demand for new healthcare products, R&D initiatives by food manufacturers, advances in emulsification technologies and encapsulation.
- ALA (Alpha Linolenic Acid)
- DHA (docosahexaenoic acid)
- EPA (eicosapentaenoic acid)
- nuts and seeds
- vegetable oils
- soy and soy products
- dietary supplements
- Baby food
- food and drinks
- pet food
- fish food
Main topics covered:
3. Omega-3 Market: Business Outlook and Market Dynamics
4. Omega-3 Market: by Type, 2020-2030, USD (Million)
5. Omega-3 Market: by source, 2020-2030, USD (millions)
6. Omega-3 Market: by Application, 2020-2030, USD (Million)
7. North American Omega-3 Market, 2020-2030, USD (millions)
8. UK & European Union Omega-3 Market, 2020-2030, USD (Million)
9. Asia Pacific Omega 3 Market, 2020-2030, USD (Millions)
10. Latin American Omega-3 Market, 2020-2030, USD (Millions)
11. middle East and African Omega-3 Market, 2020-2030, USD (millions)
12. Company Profiles
- Cargill Ltd
- Croda International PLC.
- FMC Corporation
- GC friction oils
- LUHUA BIOMARINE (Shadong) Co Ltd
- Royal DSM
- Pharma Marine AS
- Omega Protein Corporation
- Olvea fish oil.
For more information about this report, visit https://www.researchandmarkets.com/r/65vzje
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SOURCE Research and Markets