New York, NY, Jan 29, 2021 (GLOBE NEWSWIRE) – Facts and Factors have released a new research report entitled, Omega-3 Fatty Acids Market by Type Analysis (Alpha-Linolenic Acid, Eicosapentaenoic Acid, and Docosahexaenoic Acid) Application Analysis (Infant Formula, Drugs, Clinical Nutrition , Food and Beverage, Dietary Supplements, and Pet Food), by Source Analysis (Fish Oil, Algae Oil, and Vegetable Oil), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa): Global Industry Perspective, Market Size, Statistical Research, Market Information, comprehensive analysis, historical trends and forecasts, 2019–2026 ”.
“The global omega-3 fatty acid market was estimated at $ 4 billion in 2019 and is projected to reach $ 9 billion by 2026, according to the research study. The global omega-3 fatty acids market is projected to grow at an average annual growth rate (CAGR) of 14% from 2019 to 2027 ”.
Omega-3 fatty acids are polyunsaturated fatty acids (PUFAs) and are also known as n-3 fatty acids, ω-3 fatty acids and omega-3 oils. There are two main sources of omega-3 fatty acids including plant sources like walnut, edible seeds, clary sage, flaxseed, sacha inchi, echium, hemp, etc., and animal sources like fish, chicken eggs, squid, krill, certain seaweed, etc. The lowering the risk of diseases and disorders such as cancer, asthma, cardiovascular disease, atopic diseases, inflammation, cognitive aging, brain and visual functions, mental health, developmental disorders and the risk of deficiency is expected to increase the risk of growth in the need for omega 3 fatty acids in the forecast period.
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- 2020 Updated report introduction, overview and in-depth industry analysis
- COVID-19 analysis of the impact of pandemic outbreaks included
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- Contains an updated list of tables and figures
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Important questions answered in this report
1) What impact has COVID-19 had on the omega-3 fatty acid market?
2) How big is the market and how big is the omega-3 fatty acid market?
3) Who are the top players in the omega-3 fatty acid market?
4) What will the future omega-3 fatty acid market be?
- Market size and forecast by sales | 2020-2026
- Market Dynamics – Leading Trends, Growth Drivers, Restrictions, and Investment Opportunities
- Market Segmentation – A detailed analysis by product, type, end-user, application, segments and geography
- Competitive Landscape – Top Vendors and Other Well-Known Vendors
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The Omega-3 Fatty Acids Market is segmented by type, application, and source. Based on the type segmentation, the market is divided into Alpha-Linolenic Acid (ALA), Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid (DHA). Among them alpha-linolenic acid, which is found in vegetable sources while; Eicosapentaenoic acid and docosahexaenoic acid are both found in marine sources.
Top market participants
Key players in the omega-3 fatty acid industry are Cargill Incorporated, BASF SE, Royal DSM, Schiff Vitamine (Reckitt Benckiser Group PLC), Nordic Naturals, Inc., Epax Norway AS, Omega Protein Corporation, Organic Technologies and Arjuna Natural Pvt. Ltd. Ltd., Cellana Inc. and others. The leading market players in the market are focused on key trends such as go-to-market strategy, mergers and acquisitions, and partnership / feasibility of joint ventures and new product / service introduction and expansion.
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Based on application, the Omega-3 Fatty Acids market is divided into Infant Formula, Medicines, Clinical Nutrition, Food and Beverage, Dietary Supplements, and Pet Food. Among these, the dietary supplements segment is expected to have the largest share of the market in terms of both volume and value. A high population growth and a rising per capita income should strengthen the growth of the market especially in the developing countries in the forecast period.
According to sources, the omega-3 fatty acid market has been divided into fish oil, algae oil and vegetable oil. Among all the source segments, the fish oil segment has a share of more than 40% of the global omega-3 fatty acid market. Nonetheless, the vegetable oil segment is expected to grow at a significant rate over the forecast period. This applies to the growing vegan population worldwide.
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The research study provides a critical assessment of the omega-3 fatty acids industry by logically segmenting the market based on type, application, source, and regions. Based on the past, present and future trends, all segments have been analyzed from the bottom up and the market sizes from 2020 to 2026 have been estimated.
Increasing consumer awareness of the health benefits of omega-3 fatty acids is likely to strengthen the global market over the forecast period. The increasing search for new markets for applications and the increase in application profiling are some of the important factors driving the growth of the market around the world.
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The Omega-3 Fatty Acids Market is segmented by type, application, and source. Based on the type segmentation, the market is divided into Alpha-Linolenic Acid, Eicosapentaenoic Acid, and Docosahexaenoic Acid. Based on application, the Omega-3 Fatty Acids market is divided into Infant Formula, Medicines, Clinical Nutrition, Food and Beverage, Dietary Supplements, and Pet Food.
The global Omega-3 Fatty Acids market analysis is segmented into five major regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Among the above regions, the omega-3 fatty acids market in Asia Pacific is expected to grow at a significant growth rate over the forecast period. The growth is due to the increasing popularity of healthy products coupled with increasing per capita incomes of consumers in the region, particularly in countries like India and China. In addition, the growing population is another factor that strengthens the omega-3 fatty acid market in the region. The omega-3 fatty acid markets in North America and Europe are expected to account for a large share of sales in the global market. This is due to the increasing spread of omega-3 fatty acids in the market for dietary supplements and active pharmaceutical ingredients.
Browse the full Omega-3 Fatty Acids Market by Type Analysis (Alpha Linolenic Acid, Eicosapentaenoic Acid, and Docosahexaenoic Acid), Application Analysis (Infant Formula, Medicines, Clinical Nutrition, Food and Beverage, Dietary Supplements, and Pet Food), Source Analysis (Fish Oil, Algal Oil, and Vegetable Oil), and By Regions (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends and Forecasts, Report 2019-2026 “at https: //www.fnfresearch .com / omega-3-fatty-acid-market-by-type-analysis-829
This report segments the Global Omega-3 Fatty Acids Market as follows:
Global Omega-3 Fatty Acids Market: By Type Analysis
- ALA (Alpha Linolenic Acid)
- EPA (eicosapentaenoic acid)
- DHA (docosahexaenoic acid)
Global Omega-3 Fatty Acids Market: By Application Analysis
- Baby food
- Clinical nutrition
- Food and beverages
- Food supplements
- Animal feed
Global Omega-3 Fatty Acids Market, By Source Analysis
- Fish oil
- Algae oil
- Vegetable oil
Key recommendations from analysts
- According to our analyst, the omega-3 fatty acids market is inherently fragmented. There are several companies operating at the national and local levels.
- In the application segment, the pharmaceutical segment accounts for a share of around 27% in 2019
- Dietary supplements make up a dominant market share, combined with a high growth rate in the forecast period. This is due to the increasing health awareness and popularity of nutraceuticals among consumers
- Currently, the average price for omega-3s is $ 23,000 per ton
- In relation to the sales volume, global market growth of around 11% is expected for the forecast period
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