Omega-3 Market Is Projected To Grow At A Cagr Of 13.0% To Reach Usd 9.4 Billion By 2026

According to a new market research report, 'Omega-3 Market by Type (DHA, EPA, and ALA), Application (Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formula, and Pet Food & Feed),
PUNE, India - July 29, 2021 - PRLog -- The Omega-3 Market ( Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.  The report has been generated leveraging a target amalgamation of the primary and secondary data including commitments from key participants in the market. Thus, the Global Omega-3 Market Research Report is a basic hold of all the data generated by qualitative and quantitative analysis of the industry, essentially for the industry pioneers.

Prominent Players:

Cargill, BASF SE, Orkla Health, Croda International, Lonza, KD Pharma, Corbion, GC Rieber, Epax, Pharma Marine AS, Aker Biomarine Antarctic AS, BioProcess Algae, LLC, Koninklijke DSM N.V.amongst others

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Omega-3 Market Dynamics

Drivers: Growing demand from Pharmaceutical Industry and Pet / Animal Nutrition products

Omega-3 is growing on account of growing product usage in the Active Pharmaceutical Ingredient (API), rising awareness regarding chronic diseases, and regulations favoring the usage of omega-3 in infant formulations.  Increasing usage of omega-3 in pet nutrition and animal feed products is further expected to propel the market growth in the coming years.

Restraints: Lack of clarity among consumers

The market for omega-3 is facing hindrance in growth on account of the absence of official recommended doses which has created confusion in the minds of consumers. This is having a higher impact in developing countries where consumer awareness is low and healthcare infrastructure is not fully established.

Opportunity: Research for the development of alternative sources to obtain omega-3

In order to meet the increasing demand for EPA & DHA, and increasing fish oil prices there are vast opportunities for extracting omega-3 from new sources such as microalgae and krill oil rich in phospholipid form of omega-3. There are also new opportunities for Highly Concentrated Omega-3 Ingredients on account of demand from Pharma and Dietary Supplements Markets.  Spray drying and encapsulation of omega-3 oils is providing new opportunities for product development.

Challenges: Fluctuating Fish Oil Prices

The omega-3 market is being impacted by the fluctuating prices of raw materials such as fish and marine oils.

Jignesh Jariwala
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