PUNE, India, February 16, 2021 (GLOBE NEWSWIRE) – The Global Omega 3 Market Share, Trends, Analysis and Forecast, 2020-2030, provides insights into key developments, business strategies, research and development activities, supply chain analysis, competitive landscape and market composition analysis.
The global size of the omega-3 market was estimated to be US $ 2.3 billion in 2019 and expected to be US $ 4.7 billion by 2030, with an annual growth rate of 6.7%. Omega-3 fatty acids are essential fatty acids that play an important role in your body and promote the health of the consumer in various ways. Since your body cannot produce them on its own, it is important that these are obtained from external consumption.
The three main types of omega-3 acids are ALA (alpha-linolenic acid), DHA (docosahexaenoic acid), and EPA (eicosapentaenoic acid). The ALA type is mainly found in plants, while DHA and EPA are mainly found in foods made from animals and algae. Common foods that are high in omega-3 fatty acids include oily fish, fish oils, flaxseed, chia seeds, flaxseed oil, and walnuts.
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The intake of omega-3 fatty acids is necessary for the proper functioning of the brain and retina. Getting enough DHA is especially important for pregnant and breastfeeding women as it can affect their child’s health and intelligence.
If the intake of omega-3 fatty acids is sufficient, it can have powerful health benefits for adults as well. Studies show that omega-3 fatty acids can provide protection against all types of diseases, including breast cancer, depression, ADHD, and various inflammatory diseases. Unless you are consuming fish or other naturally derived food sources for omega-3 fatty acids, you should consider consuming supplements. Supplements are both cheap and effective.
According to a study published in the Nature Food Journal in November 2020, the gap between supply and demand for omega-3 fatty acids remains large, almost double what it was in previous estimates. The increasing demand for healthy substitutes for the growing health conscious population remains a major growth driver in the omega-3 market. The supply chain also promises to stabilize in the near future as there are opportunities for the increased use of by-products from fisheries and promising initiatives to reduce food waste remain a growth factor in the omega-3 market.
Omega-3 acids continue to be at the forefront of growing heart disease awareness and promise a healthy chance to reduce the risk. According to the American Heart Association, omega 3 reduces the risk of heart disease and stroke, two deadly diseases that plague the world’s population. According to the World Health Organization (WHO), cardiovascular diseases, which consist of heart disease, are still the leading cause of death worldwide. The WHO estimates that these diseases kill nearly 18 million people worldwide each year.
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In addition, 4 out of 5 cardiovascular deaths are caused by heart disease and stroke. In addition, a third of deaths are premature because they occurred in people under the age of 70. The growing awareness of heart disease, the growing demand for omega-3s and the great prevention potential of fatty acids remain a great growth potential for the players in the omega-3 market.
The type segment of the Omega 3 market is led by Docosahexaenoic acid (DHA):
The docosahexaenoic acid (DHA) market is the leader in the omega-3 market in the type segment. DHA is needed by consumers of all ages as it supports learning and memory retention, and also plays an important role in the development of eye and nerve tissue.
DHA is an important ingredient for consumers of all ages as it supports healthy learning and memory retention, and also plays a key role in eye and nerve tissue development. The combination of the two important types of omega-3s, DHA and EPA, helps in lowering bad cholesterol and lowering coronary heart disease such as stroke and blood pressure, which is why this is to be expected in today’s changing lifestyles due to the widespread prevalence of a number The omega-3 market will receive a significant boost from heart disease and the growing awareness of these diseases.
Sea-based products dominate the source segment of the Omega-3 market:
In terms of sales, the marine source of omega-3 fatty acids accounted for a large market share and is expected to see significant growth over the forecast period.
The demand for marine products is mainly due to the growing consumer interest in omega-3 fatty acids, which are extracted from fish and krill oils. Today, consumption of omega-3 in the form of omega-3 fortified foods such as fish, ham, and sausages is increasing, which is expected to fuel the growth of the source segment of the omega-3 market over the next few years. In addition, growing awareness of the consumption of foods high in triglycerides is expected to drive demand for omega-3 fortified foods.
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North America leads the region segment of the omega-3 market:
North America became the largest market in the regional segment of the omega-3 market due to the increasing use of this product in the pharmaceutical industry and growing research and development activities.
In addition, increased use of better, more advanced drugs has been observed, along with a desire to increase the life expectancy of the geriatric population, which should drive demand for omega-3-based pharmaceutical products in the North America region.
In the Asia-Pacific region, significant growth is expected in the forecast period due to the increasing demand for omega-3 products in China, India, Singapore, South Korea, Australia and Japan.
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The main players in the global omega-3 market include Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corporation, GC Reiber Oils and Lonza.
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