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Omega 3 Fatty Acid Market Share & Revenue Estimated to Exceed USD 9 Billion By 2026: Facts & Factors

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Omega 3 Fatty Acid Market Share & Revenue Estimated to Exceed USD 9 Billion By 2026: Facts & Factors

July 27
22:31 2021
Omega 3 Fatty Acid Market Share & Revenue Estimated to Exceed USD 9 Billion By 2026: Facts & Factors
[195+ Pages Report] According to Facts and Factors Market research, the Global Omega 3 Fatty Acid market in 2019 is approximately USD 4 Billion and is anticipated to reach around USD 9 Billion by 2026. The anticipated CAGR for the Omega 3 Fatty Acid market is around 14% from 2020 to 2026.

According to Facts and Factors Market research, the Global Omega 3 Fatty Acid market in 2019 is approximately USD 4 Billion and is anticipated to reach around USD 9 Billion by 2026. The anticipated CAGR for the Omega 3 Fatty Acid market is around 14% from 2020 to 2026.

Omega−3 fatty acids are polyunsaturated fatty acids (PUFAs) and are also called n−3 fatty acids, ω−3 fatty acids, and omega-3 oils. There are two major sources of omega−3 fatty acids including plant sources such as walnut, edible seeds, clary sage seed, flaxseed, Sacha Inchi, Echium, hemp, etc. and animal sources such as fish, chicken eggs, squid, krill, certain algae, etc. Lowering the risk of diseases and disorders such as cancer, asthma, cardiovascular disease, atopic diseases, inflammation, cognitive aging, brain and visual functions, mental health, developmental disabilities, and risk of deficiency is anticipated to strengthen the growth of the omega 3 fatty acid demands over the forecast period.

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Top Market Players

  • Cargill Incorporated
  •  BASF SE
  •  Royal DSM
  •  Schiff Vitamins (Reckitt Benckiser Group PLC)
  •  Nordic Naturals Inc.
  •  Epax Norway AS
  •  Omega Protein Corporation
  •  Organic Technologies
  •  Arjuna Natural Pvt. Ltd.
  •  Cellana Inc.

 

The omega 3 fatty acid market is segmented based on type, application, and source. Based on type segmentation, the market is classified into alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). Among which, alpha-linolenic acid found in plant sources, whereas; eicosapentaenoic acid and docosahexaenoic acid both found in marine sources.

Based on the application the omega 3 fatty acid market is classified as infant formula, pharmaceuticals, clinical nutrition, food and beverage, dietary supplements, and pet food. Among these, the dietary supplements segment is anticipated to account for the largest market share in terms of volume as well as value. High population growth and increasing per capita income is predicted to strengthen the growth of the market especially across developing economies over the forecast period.

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By Source, the Omega 3 fatty acid market split into fish oil, algal oil, and plant oil. Among all the source segments, the fish oil segment accounts for more than 40% share in the global omega 3 fatty acid market. Nevertheless, the plant oil segment is anticipated to grow at a substantial growth rate over the forecast period. This is with respect to the increasing vegan population across the globe.

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The global omega 3 fatty acid market analysis is split into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among the aforementioned regions, the Asia Pacific omega 3 fatty acid market is anticipated to expand at a significant growth rate over the forecast period. The growth is owing to the increasing popularity of healthy products coupled with increasing per capita income of the consumers across the region especially in countries such as India and China. Furthermore, the increasing the population is another factor bolstering the omega 3 fatty acid market across the region. North America and Europe omega 3 fatty acid markets are anticipated to account for major revenue share in the global market. This is attributed to the increasing penetration of omega 3 fatty acids in the food supplement and active pharmaceutical ingredient market. 

Browse detail report with in-depth TOC @ https://www.fnfresearch.com/omega-3-fatty-acid-market-by-type-analysis-829

This report segments the Global Omega 3 Fatty Acid market as follows:

Global Omega 3 Fatty Acid Market: By Type Analysis

  • ALA (Alpha-Linolenic Acid)
  • EPA (Eicosapentaenoic Acid)
  • DHA (Docosahexaenoic Acid)

 

Global Omega 3 Fatty Acid Market: By Application Analysis

  • Infant Formula
  • Pharmaceuticals
  • Clinical Nutrition
  • Food and Beverage
  • Dietary Supplements
  • Pet Food

 

Global Omega 3 Fatty Acid Market: By Source Analysis

  • Fish Oil
  • Algal Oil
  • Plant Oil

 

Key Recommendations from Analysts

  • As per our analyst, the omega 3 fatty acid market is fragmented in nature. There are multiple companies operating at the domestic and local levels.
  • Among the application segment, the pharmaceutical segment accounts for around 27% value share in 2019
  • Dietary Supplements account for dominant market share coupled with a high growth rate over the forecast period. This is owing to the increasing health awareness and popularity for nutraceuticals among the consumers
  • At present, the average price of the omega 3 fatty acid is around USD 23 thousand per metric ton
  • In terms of sales volume, the global market is anticipated to grow at around 11% over the forecast period

 

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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