Omega 3 Market Size, Scope, Forecast to 2027 | BASF SE, Lonza, EPAX, Orkla Health

A Qualitative Research Study accomplished by HTF MI Titled on 'Omega 3 Market: Current Analysis and Forecast (2021-2027)' is provides in-depth analysis, Competitive scenario, and future market trends and Growth Opportunities. The regional analysis includes countries like USA, Germany, China, France, Japan, South Korea, UK, BeNeLux, Nordic Nations, Middle East & Africa and many other countries along with major players profiled such as BASF SE, Aker Biomarine Antarctic AS, Orkla Health, Omega Protein Corp., GC Reiber Oils, Lonza, Croda International Plc, EPAX, BioProcess Algae, LLC, Koninklijke DSM N.V., etc.

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Summary
The Global Omega 3 is Expected to Display an Elevated CAGR of ~10% over the Forecast Period (2021-2027)
The demand for omega 3 across the globe is rising on account of several benefits such as helpS in lowering the body mass index, blood pressure, HbA1C, and cholesterol levels. Also, it helps in reducing the number of medications needed to treat chronic diseases and lower ischemic heart disease mortality rates. Chronic diseases, such as type 2 diabetes, obesity, stroke, heart disease, and cancer have significant health and economic costs. Currently, 60% of Americans have at least one chronic condition, and 40% have multiple chronic conditions. As per WHO, one person dies every 36 seconds in the United States from cardiovascular disease. About 659,000 people in the United States die from heart disease each year, that’s 1 in every 4 deaths.

Moreover, the growing traction towards veganism is also leading to the growth of plant-based omega 3 sources as plant sources such as flaxseed, soybean, and canola oils, chia seeds, and black walnuts. etc., As per the PlantProteins.co report, 6% of U.S. consumers eat a vegan diet, up from just 1% in 2014. This diet is higher in fiber and lower in cholesterol and fat than an omnivorous diet, and it scores higher on the Healthy Eating Index Trusted Source

BASF SE, Aker Biomarine Antarctic AS, Orkla Health, Omega Protein Corp., GC Reiber Oils, Lonza, Croda International Plc, EPAX, BioProcess Algae, LLC, Koninklijke DSM N.V., etc. are some of the prominent players operating in the Omega 3 market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report
“Amongst Type, Eicosatetraenoic acid (EPA) segment holds the major share”
Based on the type, the market is fragmented into EPA, DHA, ALA. Docosahexaenoic Acid segment grabbed the major market share and dominated the market. Moreover, the market of this segment would witness the highest CAGR during the forthcoming years owing to the growing demand for reducing bad cholesterol and improving health conditions. However, the EPA segment would grab a considerable CAGR during the forthcoming years as well
“Amongst Source, Marine segment holds the major share”
Based on the source, the market is fragmented into marine and plants. The marine segment grabbed the major market share and dominated the market. The segment captured XX% market share in 2020. The segment is witnessing an uptick owing to the growing consumption of fish oil as fish oil is the major marine source, which is mainly derived from anchovy fish.
“Amongst Application, Supplements & Functional Foods segment holds the major share”
Based on the application, the market is fragmented into Supplements & Functional Foods, Infant Formula, Pharmaceuticals, Animal Feed & Pet Food, and Others. Supplements & Functional Food grabbed the major market share and dominated the market in 2020. However, the infant formula would be emerging as the leading segment in the forecast period.
“North America represents one of the largest markets of Omega 3 market”
For a better understanding of the market dynamics of the Omega 3 market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated the leading revenue share in 2020 owing to the availability of Omega 3 in abundance and new launches are some of the factors that are contributing to the growth of the market.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

Customization Options:
The Omega 3 Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Omega 3 Market
2.2. Research Methodology of the Omega 3 Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the Omega 3 Market Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL OMEGA 3 MARKET COVID-19 IMPAC

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