DSM - Omega 3 Market To Grow Steadily With An Impressive CAGR Of 8.22% From 2022 To 2030 : Market.US
The Omega 3 market was worth USD 2.11 Bn in 2021 . It is expected to grow to USD 3.94 billion by 2030 . This will be a CAGR of 8.22% between 2022 and 2030.
Due to increasing awareness of the benefits of omega-3 for health and higher investment in clinical research and development of new products, the Omega 3 Market will grow. The Global Omega 3 Market report provides a detailed analysis of the market. This report offers a comprehensive analysis of the market’s key segments and drivers, as well as its competitive landscape.
Drivers
Increasing health awareness about Omega 3
The risk of sudden death from arrhythmias or abnormal heartbeats can be reduced by omega-3 fatty acids. It helps to lower triglyceride levels and slow down the growth rate of atherosclerotic plaque. Preventive care is increasingly being seen as an important tool for helping consumers live healthier life. Consumers are shifting to healthier options. Omega 3s are becoming increasingly popular due to their high levels of vitamins and minerals. They can also help with conditions like asthma, cancer, and depression.
Market growth strategies and endorsements
Brand name, nutritional value and product safety are some of the key factors that influence consumers’ buying decisions. It is possible to influence buying behavior by educating consumers about the many benefits of omega-3-based products through various media such as print and electronic. In developing countries, fish consumption is likely to increase further. Omega 3s are primarily obtained from fish oil.
Key Market Players:
- DSM (Ticker: DSM)
- BASF (Ticker:BAS.DE)
- EPAX (Ticker:EPAXJRUN.FGI)
- Golden Omega
- TASA (Ticker: TASA4.SA)
- Omega Protein
- Croda (Ticker: CRDA.L)
- Marine Ingredients
- GC Rieber (Ticker: RISH.OL)
- Polaris (Ticker: PII)
- Auqi
- Kinomega
- Skuny
- Xinzhou
- Anti-Cancer
- Sinomega
- Orkla Health
- LYSI (Ticker: 0P0001LIV3.F)
- OLVEA Fish Oils
- Hofseth Biocare (Ticker: HBCO.OL)
Restraints
Market growth is limited by uneven fish capture and growing demand for fish from other application sources, which reduces their availability at lower costs. The segment’s growth is likely to be limited by the toxic nature of fish, including metals and environmental contaminants. The industry’s raw materials supply will be affected by increased regulations regarding fishing to protect fish species.
This report on the omega-3 market provides information about recent developments, trade regulations, and production analysis. It also analyzes market share and the impact of local market players. Our analysts will assist you in making informed market decisions to grow the market.
Omega-3 Market Trends
Infant Nutrition is the Most Consumed Omega-3
Much research has been conducted to evaluate the effects of omega-3 on infant nutrition and baby food, due to increasing interest in omega-3 in other applications. Research has shown that DHA-enriched formulas in infancy can have positive effects on cognitive performance in childhood. The brain develops most rapidly in infants during pregnancy and the first two years. Infants require DHA and ARA during these periods. These nutrients are essential for brain development and the main reason for the increasing sales of omega-3 infant nutrition products. Parents find it increasingly difficult to monitor their children’s health because of the rise in working parents. Their focus has now shifted to synthetically formulated food, which can help improve the health of their children.
Type
- Marine Omega-3
- Algae Omega-3
Application
- Dietary Supplements
- Fortified Food and Beverage
- Infant Formula
- Pharmaceuticals
- Pet Foods
Latest Developments
- Nordic Naturals joined the beauty market in 2021 with new skin care products.
- Natures Crops International launched the industry’s first functional gummy supplements that contain Ahiflower(r). Ahiflower, a vegan alternative to flax and fish oils, is a regeneratively-grown vegetable that provides comprehensive omega nutrition and health benefits. It has been backed up by human clinical trials.
- Coromega, a Quadra Ingredients Company, announced 2021 the launch of Coromega Pup Packets(r), its first Omega-3 liquid supplement for dogs. Each Pup Packet contains thirty times as much omega-3 as a standard pet chew.
- October 2019: KD Pharmaceutical introduced Kardio3, which is a combination of vitamin K2, Omega-3, and phytosterols. It is good for your heart and bones and can help you maintain healthy lipids.
- September 2019 : Epax announced a USD 35 million investment over the next two years to improve its omega-3 sector. This investment will enable Epax to increase its capacity in the omega-3 industry at its Norwegian production site. It will allow for a higher concentration of EPA/DHA without oxidation. This will help to avoid undesirable by-products.
- September 2019 : Polaris launches Omegavie DHA 700 algal Sensory QualitySilver. This will help the company in the area of omega-3. It is high in DHA and has great organoleptic qualities.
Key questions:
- How much is the Omega 3 Market worth?
- Which are the most prominent players in the Omega 3 Market?
- What are the main driving factors of growth in the Omega 3 Market?
- What is the market growth for omega-3?
- Which product is more popular in the omega-3 industry and why?
- Which region is experiencing the greatest growth in Omega-3 Products Market sales?
- What is the market study period?
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