Omega-3 Market Scenario
The key driver in the global omega-3 market are the rising penetration of omega 3 in Active Pharmaceutical Ingredient (API) coupled with rising awareness about healthcare and chronic diseases. Furthermore, regulations favouring the product usage in infant formulations is also the major factor fuelling the market growth all around the world. However, high cost is one of the major factor expected to hamper the global growth of the omega-3 market.
Omega-3 Market Segmentation
The omega-3 market is segmented by Type, Source, Application and Geography. Various Types of omega-3 are Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA) and Alpha-Linolenic Acid (ALA). Furthermore, the Source comprises of Marine and Plant. Likewise, various applications of omega-3 are Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formula and Pet Food and Feed. Based on Geography, the Omega-3 Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Omega-3 Market by Geography
Geographically, the omega-3 market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. The Asia-Pacific region dominated the global omega-3 market. The region’s growth is driven by rising product demand in countries, such as China, India, and Australia. Wide usage of fish oil in daily diet, as well as increasing health awareness, is further augmenting the product demand.
Omega-3 Market Key Players
Some of the major players operating in the global omega-3 market includes Cargill, BASF, DSM, Croda International, Epax, Lonza, Orkla Health, Corbion, KD Pharma, GC Rieber, Guangdong Runke Bioengineering, Nordic Naturals, Golden Omega, Biosearchlife, Pharma Marine, Polaris, Sinomega Biotech Engineering, Huatai Biopharm, Kinomega Biopharm and Algisys. Industrialists are also focusing their R&D to develop innovative extraction processes and are investing in procuring shipping vessels to gain strategic advantage and ensure efficient raw material supply.
Omega-3 Market Report Key Benefits