DUBLIN–(BUSINESS WIRE)–The “Global Omega-3 Product Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Product Type, Source, Application, and Region” report has been added to ResearchAndMarkets.com’s offering.
Omega-3 is a fatty acid that is obtained through fish, fish oils, fatty fish, walnuts, soybeans, and others. Omega-3 supplements are generally used to reduce the risk of heart disease and lower the chances of cardiac arrest. A deficiency of Omega-3 can cause severe infections such as rashes, swollen, scaly skin, and others. Omega-3 products are generally found as tablets and capsules.
According to publisher estimates, the Global Omega-3 Product Market – which grew from ~US$ 2 Bn in 2017, estimated to ~US$ 3 Bn by 2022 – is forecasted to grow further into ~US$ 4 Bn opportunity by 2028, owing to the increasing demand for supplement products from the pharmaceutical sector, growing health concerns among consumers, and health and skincare benefits. These supplements generally include liquid products, capsules, and others.
Health benefits associated with the consumption of Omega-3 are a major factor that propels the growth of the Omega-3 Products Market. Omega-3 polyunsaturated fatty acids (PUFAs) contain immune nutrients and are commonly used in the nutritional therapy of cancer patients due to their biological effects.
According to the World Health Organization (WHO), nearly 10 million deaths in 2020 were caused by cancer disease worldwide. It was observed in the WHO study that the most common cases of cancer were lung, prostate, skin, stomach, colon, and rectum. Due to this, the rising number of cancer patients is likely to drive the demand for Omega-3 products.
Government regulation on fishing activities to protect the fish species is expected to hamper the raw material supply. Moreover, allergies related to fish oil and complex extraction procedure is also restraining the Omega-3 Product Market growth.
The government of India has passed a law that restricts fishing or fishing-related activities in exclusive economic zones or high sea areas. In Europe, the Common Fisheries Policy states to preserve the fish stock, protect the marine environment, and ensure economic viability. In the USA, Magnuson-Stevens Fishery Conservation and Management Act, and the Endangered Species Act states prevent overfishing, rebuild overfished stocks, increase the long-term benefit of fisheries, and ensure a safe and sustainable seafood supply.
Omega-3 has been proven beneficial in boosting immunity to help fight COVID-19 and has increased the growth of the omega-3 product market. This is because of the growing demand for omega fatty acids foods and dietary supplements to enhance immunity. The suggestion from doctors worldwide to include immunity-boosting supplements in day-to-day life is a major contributing factor in the growth of omega-3 products.
Scope of the Report
The Omega-3 Product Market is segmented by product, source, and application. In addition, the report also covers market size and forecasts for the four regions in the Omega-3 Product Market. The revenue used to size and forecast the market for each segment is US$ billion.
By Product Type
Docosahexaenoic acid (DHA)
Eicosapentaenoic acid (EPA)
Alpha-linolenic acid (ALA)
By Source
Marine Source
Plant Source
By Application
Supplements & Functional Foods
Pharmaceuticals
Infant Formula
Animal Feed & Pet Food
Others
By Geography
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy)
Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
LAMEA (Latin America, Middle East, Africa)
Key Players
Croda International Plc
BASF SA
Cargill Incorporated
Reckitt Benckiser Group PLC
Orkla Health
Aker Biomarine
DSM N.V
Cellana Inc
Stepan
Epax
The Global Omega-3 Product Market witnessed significant growth during the period 2017-2021, owing to the awareness among people regarding health and various other infectious diseases. The growth rate is expected to remain significant during the forecast period. Though the market is significantly competitive with ~400 participants, the majority of country niche players constitute a higher number of competitor types, while global players hold a significant market share.
Key Topics Covered:
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Total Global- Market Segmentation by Product Type, Historic Growth, Outlook & Forecasts
4. Total Global- Market Segmentation by Source, Historic Growth, Outlook & Forecasts
5. Total Global- Market Segmentation by Applications, Historic Growth, Outlook & Forecasts
6. Industry/Competition Analysis – Competitive Landscape
7. Key Competitor Profiles (Company Overview, Type Offerings, and Strengths & Weaknesses of Key Competitors)
8. Geographic Analysis & Major Countries Market Historic Growth, Outlook, and Forecasts
9. Industry Expert’s Opinions/Perspectives
Companies Mentioned
Croda International Plc
BASF SA
Cargill Incorporated
Reckitt Benckiser Group PLC
Orkla Health
Aker Biomarine
DSM N.V.
Cellana Inc.
Stepan
Epax
Chambio Co., Ltd.
Affiliate Nutra
Makers Nutrition
Wiley’s Finest
SMPNutra
For more information about this report visit https://www.researchandmarkets.com/r/yh6pr4
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