Pune, India, March 11, 2021 (GLOBE NEWSWIRE) – According to The Insight Partners, new research study on the omega-3 concentrate market was valued at $ 1.63 billion in 2019 and is projected to be $ 2.70 billion by 2027 Reach US dollars; It is expected to grow at a CAGR of 6.6% from 2020 to 2027. Consumer awareness of the health benefits of omega-3 concentrates is expected to have a greater impact on the market. However, the depletion of sea sources is a hindrance to market growth.

In 2019, North America had the largest share of the global omega-3 concentrate market. The market growth in this region is mainly due to the increasing importance of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) in the region. EPA and DHA are becoming a part of the normal diet of North American consumers due to the increasing prevalence of lifestyle diseases and the increasing trend towards preventive health measures. In addition, the growing uses of EPA and DHA in food and nutritional supplements, as well as clinical nutrition, continue to stimulate market growth for omega-3 concentrates in North America.

Omega-3 Concentrates Market to 2027 – Global Analysis and Forecast – By Form, Source, Concentration, and End Use “

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Growing consumer awareness of the health benefits of omega-3 concentrates is fueling market growth
Omega-3 concentrates are highly concentrated oils that contain EPA and DHA, which together make up more than 50% of the oil. These concentrates are obtained from omega-3-rich fats, which are obtained from fish oil, calamari oil and algae oil, among others, which are processed into EPA or DHA in higher concentrations. These concentrates are also available in powder form and are used in the manufacture of dietary supplements; in addition, they are also used as pharmaceutical grade components.

The increasing demand for omega-3 concentrates is mainly attributed to increasing consumer awareness of the health benefits of omega-3 concentrates. Consumption of omega-3 concentrates helps consumers maintain cardiovascular, eye, and brain health. Omega-3 fatty acids help lower the risk of heart disease; consumption in conjunction with adequate exercise and diet will help lower triglyceride levels and raise HDL cholesterol levels. Elevated levels of triglycerides in the blood promote the development of atherosclerosis, which eventually increases the risk of cardiovascular disease. In addition, consuming omega-3 concentrates also helps reduce depression and anxiety, suppress symptoms related to metabolic syndrome, fight inflammation, prevent cancer risks, and so on. For example, the rising incidence of cardiovascular disease, cancer and other similar health problems has increased the demand for omega-3 concentrates worldwide.

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Omega-3 Concentrates Market: Segment Overview

Based on the source, the omega-3 concentrate market is segmented into fish, algae, calamari, krill, and others. In 2019, the fish segment had the largest market share. Fish is the main food source for EPA and DHA. Fish oil is primarily derived from fatty fish tissue, which contains omega-3 fatty acids – DHA and EPA – which are the precursors of certain eicosanoids known to improve hypertriglyceridemia and reduce inflammation in the body. More than 50% of the fish oil used in aquaculture feed worldwide is fed to farmed salmon. The cold-water oily fish species such as salmon, anchovy, mackerel, and sardines are the most common food sources for EPA and DHA.

Based on concentration, the Omega-3 Concentrates market is divided into High DHA, High EPA, and Balanced EPA-DHA. In 2019, the high DHA segment dominated the market in terms of revenue share. DHA is an omega-3 fatty acid that is normally found in the meat of cold water fish such as tuna, mackerel, salmon, cod liver, and whale bacon, and is also found in algae. DHA reduces the risk of developing heart disease, improves attention deficit hyperactivity disorder, lowers the risk of premature birth, and fights inflammation. DHA is also prescribed or consumed to improve the development of infants and children and is widely used as a supplement for premature babies.

Based on end use, the Omega-3 Concentrates market is segmented into Food and Beverage, Dietary Supplements, Pharmaceuticals, Infant Formula, Personal Care and Cosmetics, and others. In 2019, the dietary supplements segment had the largest market share. Omega-3 supplements, when taken alongside regular exercise, help improve cardiovascular and metabolic health. Today’s consumers spend a lot of money on supplements that contain fish oils, vitamins, minerals, and other similar ingredients. In addition, these supplements can be bought without consulting a doctor.

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Impact of the COVID-19 Pandemic on the Omega-3 Concentrate Market

As of March 2021, the US, Brazil, India, Russia, Spain and the UK are among the hardest hit countries in terms of confirmed COVID-19 cases and deaths. The COVID-19 pandemic is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business closures. The food and beverage industry is one of the world’s major industries suffering from serious disruptions such as supply chain disruptions, technology event cancellations and office closures. Locking down various production sites and factories hampers global supply chains and disrupts production activities, delivery schedules, and sales of various materials. Numerous companies have already announced possible delays in product delivery and slumps in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia and North America are hindering opportunities for business collaborations and partnerships. These factors have hampered the food and beverage industry for the past few months, which has limited the growth of various industry-related markets in the months ahead.

Omega-3 Concentrates Market: Competitive Landscape and Key Developments

Major players in the omega-3 concentrate market include BASF SE; AlaskaOmega; Golden Omega SA; K. Pharmtech Co., Ltd .; DSM Nutritional Products AG; Nordic Naturals, Inc .; Epax Norway; Norwegian fish oil; GC Rieber VivoMega; and Australian Omega Oils Pty. Ltd. These key players pursue growth strategies such as product launches, expansions, mergers and acquisitions, and technological advances. In addition, the leading manufacturers focus heavily on R&D and product releases. Adopting these strategies will likely enable them to meet the growing global demand for omega-3 concentrates.

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