(MENAFN- Ameliorate Digital Consultancy)
Market Overview:
The Global omega 3 (epa/dha) ingredients market was valued at USD 1.54 billion in 2021 and is expected to reach USD 1.95 billion by the year 2028, at a CAGR of 3.4%.
Omega-3 fatty acids are essential polyunsaturated fatty acids that are crucial for various aspects of human development. They are classified as nutraceuticals due to their vital role in the body and are primarily found in marine animals and plants. These fatty acids are considered essential because our bodies cannot synthesize them on their own. Furthermore, omega-3 fatty acids play a significant role in combating depression, which is particularly crucial considering the staggering number of individuals affected by this condition. With 280 million depression victims worldwide according to the World Health Organization (WHO), the demand for EPA/DHA (Omega-3) ingredients is expected to grow, driving the growth of the market in the forecast period.
Get An Exclusive Sample Of The Global Omega 3 (EPA/DHA) Ingredients Market Report At This Link (Get The Higher Preference For Corporate Email ID): –
Top Key Players Covered In The Omega 3 (EPA/DHA) Ingredients Market:
BASF SE (Germany) DSM (Netherlands) Aker BioMarine ASA (Norway) Croda International PLC (UK) Stepan Company (US) Pharma Marine (Norway) GC Riber Group (Norway) Clover Corporation (Australia) Omega Protein Corporation (US) Cellana (US) United Laboratories (India) Abee (India) Ocean Nutrition Canada Limited (Canada) Arista Industries (US) and other major players.
Market Dynamics and Factors:
The growing demand for infant formula products in emerging regions is a dominant driver in the omega-3 market. China, in particular, stands out as the largest consumer of infant formula products due to its high birth rate. The inclusion of DHA and EPA in infant formula is crucial for supporting brain development and strengthening immunity in infants. Busy parents with limited time to prepare meals are particularly driving the demand for omega-3-fortified infant nutrition products.
With the increasing prominence of dietary supplements in modern lifestyles, there is growing anticipation for greater demand for Omega 3 ingredients worldwide. Key developers and manufacturers are displaying significant interest in Omega 3 ingredients, driven by the demand from the global dietary supplements market. Omega 3 ingredients have demonstrated their ability to support both physical and mental health, making them valuable as both dietary supplements and preventive medicine. This versatility provides lucrative opportunities for producers across the globe, as the demand for such ingredients continues to rise.
The Report Will Include A Major Chapter
Patent Analysis Regulatory Framework Technology Roadmap BCG Matrix Heat Map Analysis Price Trend Analysis Investment Analysis
The Omega 3 (EPA/DHA) Ingredients Market Report Highlight:
By Type, the Eicosapentaenoic Acid {EPA} and Docosahexaenoic Acid {DHA} segment is anticipated to lead the growth of the Omega 3 (EPA/DHA) Ingredients market in the forecasted timeframe. The combined effects of DHA and EPA have been shown to contribute to a reduction in levels of LDL (bad) cholesterol and have a positive impact on coronary heart diseases, including strokes and high blood pressure By Application, the dietary supplements segment holds the major market share. The rising usage of dietary supplements among adults to support fitness and ensure adequate nutrient intake is expected to lead to increased consumption of omega-3 in dietary supplement products. By Source, fish oil and krill oil are expected to have the highest share of the Omega 3 (EPA/DHA) Ingredients market over the projected period. The growing consumer interest in obtaining omega-3 fatty acids from fish and krill oils is driving the demand for marine-based products. The Europe region is expected to have the highest share of the Omega 3 (EPA/DHA) Ingredients market over the projected period. The market is expected to experience growth due to the increasing utilization of omega-3 products, particularly in the form of dietary supplements, driven by the aging population in developed economies like the Netherlands, Germany, France, and the UK.
Key Industry Development:
In January 2021 , Huvepharma has recently established a joint venture called Huve Nutraceuticals, which focuses on the production of algal oils. Huvepharma's joint venture, Huve Nutraceuticals, is set to produce algal oils rich in DHA and EPA. Huvepharma's fermentation facility is known for its advanced technology and has a significant production capacity, capable of meeting large-scale business-to-business orders. The company has already initiated the commercial sales process, and the initial outcomes have surpassed expectations.
Inquiry For This Report: –
Omega 3 (EPA/DHA) Ingredients Market Segmentation:
By Type
Alpha-Linolenic Acid {ALA} Eicosapentaenoic Acid {EPA} Docosahexaenoic Acid {DHA}
By Application
Pharmaceutical Industry Dietary Supplement Food & Beverage Industry Animal Nutrition
By Source
Fish Oil & Krill Oil Algal Oil Walnut Pumpkin Seeds Soyabean Oil Others
For this report, Introspective Market Research has segmented the Omega 3 (EPA/DHA) Ingredients Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
Eastern Europe
Bulgaria The Czech Republic Hungary Poland Romania Rest of Eastern Europe
Western Europe
Germany UK France Netherlands Italy Russia Spain Rest of Western Europe
Asia Pacific
China India Japan South Korea Malaysia Thailand Vietnam The Philippines Australia New Zealand Rest of APAC
Middle East & Africa
Turkey Bahrain Kuwait Saudi Arabia Qatar UAE Israel South Africa
South America
Brazil Argentina Rest of SA
Scope of the Report:
The latest research on the Omega 3 (EPA/DHA) Ingredients market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Omega 3 (EPA/DHA) Ingredients industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Omega 3 (EPA/DHA) Ingredients market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Acquire the Report : –
About us:
Introspective Market Research (introspectivemarketresearch.com ) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1 773 382 1049
Comments
No comment