Worldwide Latest Market Research Report on “Global Omega-3 Products Market – Growth, Trends, and Forecast (2019 – 2023) 2019-2023”
The Global Omega-3 Products market with CAGR of 8.2% 2019-2023. The report begins from overview of Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Omega-3 Products by product, region, and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Bioprocess Algae LLC
- Cargill Incorporated
- Croda International PLC
- DSM Nutritional Products
- FMC Corporation
- Natures Way (Ascenta Health)
- Nordic Naturals
- Qualitas Health
- Simris Alg
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Overview of Omega-3 Products Market:
The global omega-3 product market was valued at USD 31.4 billion in 2015. Omega-3 products consist of eicosapentanoic acid (EPA) and docosahexanoic acid (DHA) based products. The omega-3 ingredients market is growing faster than the omega-3 products market.
Growing Functional Food = Omega-3 Product Demand
The global omega-3 product market has been dominantly driven by the strong demand for infant formula products in developing regions such as China. Omega-3 demand is growing at a faster rate in infant food fortification as it provides the essential DHA for infant brain development. In addition, the global dietary supplement market is growing at a faster rate, which has increased the demand for omega-3 supplements. However, the major restraint for the market is the depleting fish population, which is the primary source of omega-3. The other marine sources of omega-3 are krill oil and algae oil. Algae-sourced omega-3 is the fastest growing market due to various factors. Omega-3 obtained from algae is considered more bioavailable and sustainable for production, which is a need of the hour because overfishing is a major problem. Another benefit associated with algae omega-3 is that it is best suited for vegetarians. Moreover, the product quality of algae omega-3 is superior as compared to fish oil because it is free from toxic pollutants, highly pure in terms of form of fatty acid, and its off sensory properties. Another major restraint for the market is the high cost of product due to higher downstream processing cost. However, due to technological advancements, its price is forecasted to reduce, making this market highly competitive.
Infant Formula Consumption Growing at a Faster Rate
The market has been segmented by type, application type, and geography. There are commercially two types of essential omega-3 fatty acids – eicosapentanoic acid (EPA) and docosahexanoic acid (DHA). DHA holds the largest share in the market due to its high demand in infant formula products and legal recommendations regarding it. EPA-based products are the fastest growing market, supported by the various health benefits, which have increased its importance in drug formulation. By application, the market is segmented into infant formula, dietary supplements, fortified food & beverages, clinical nutrition and medical foods, pharmaceuticals, and animal nutrition. The infant formula market is growing at a CAGR of 8.2% during the forecasted period. Animal nutrition is another major growing segment for the market due to increased health concerns among pet owners.
The global omega-3 product market has been segmented by region into North America, Europe, Asia-Pacific, South America, and Africa. Asia-Pacific is the fastest growing region due to the growing fortified food market and increased consumer awareness. Japan and China are the significant market in the Asia-Pacific region. Asia-Pacific holds the major share in the omega-3 products market due to high infant formula consumption, followed by North America with a market share of 32%. South America is another growing market for omega-3 fatty acid driven by the high consumption of fortified products.
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Reasons to Purchase this Report
The Global demand for Omega-3 Products Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2019 and 2025 compared to a few years ago, signifying the rapid pace of change.
Global Omega-3 Products Market highlights the following key factors:
- A complete informative analysis of Omega-3 Products industry, which includes a valuation of the parental market.
- Emerging trends by sections and regional markets.
- Major developments in market dynamics & market overview.
- Omega-3 Products Market shares and methods of key players in the Omega-3 Products market.
- Current and predictable size of Omega-3 Products market from the outlook of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the Omega-3 Products market.
Omega-3 Products Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Omega-3 Products Market players in detail. Omega-3 Products Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Key Features of the Omega-3 Products Market Report:
- Omega-3 Products Market insights and finger analysis will help take knowledgeable decision in the changing competitive dynamics.
- To build up a far-reaching, verifiable, every year refreshed and financially perceptive data dependent on execution, capacities, objectives, and systems of the world is driving organizations.
- To help current providers reasonably evaluate their money related, advertising and innovative capacities opposite driving contenders.
- To supplement associations internal competing data gathering endeavors by giving vital investigation, information understanding, and knowledge.
- Five-year forecast measure would give a clear understanding of future growth.
- Investigation of upcoming and past market information will help in organizing an outline of current business strategies.
- Comprehensive information of market players will help understand consumer demands and market scope.
- Development opportunities and forecast buyer requests will evoke the collection of revenue.
- A comprehensive analysis of the changing competitive dynamics will keep you ahead of the competitors.
- The fresh proficient elements such as industry production study, revise product-launching events, growth and risk factors will help in the forecast feasibility analysis.
- To distinguish the slightest focused market specialties with huge development potential.
The growth of this market worldwide is subjected to various factors; including consumer world-class Omega-3 Products Market of many Omega-3 Products Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Omega-3 Products Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Omega-3 Products Market competitors.
Mr. Ajay More
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