About Omega 3 Polyunsaturated Fatty Acids
Omega 3 fatty acids are polyunsaturated fats that are mainly derived from oily fish. Omega 3 fatty acids help to reduce inflammation in the body and prevent cardiovascular diseases. There are three types of omega 3 fatty acids EPA, DHA, and ALA. EPA and DHA mainly come from fish, while ALA is derived from vegetable oils and nuts, leafy vegetables, flax seeds and flaxseed oil, and animal fat. The increasing demand for EPA and DHA in dietary supplements, pharmaceuticals, and functional foods will significantly boost the market. Growing concern towards human health and low consumption of omega 3 containing foods is the major growth driver for the omega 3 polyunsaturated fatty acids market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Novasep (France), Sigma-Aldrich (United States), BASF (Germany), Croda International (United Kingdom), Lısi hf. (Iceland), Vitrovea (India), Sanofi (France), Polaris (France), Cellana Inc. (United States), Epax (Norway), DSM (Netherlands) and Evonik Industries (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Omega 3 Polyunsaturated Fatty Acids market by Type (Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA) and Alpha-linolenic Acid (ALA)), Application (Emollients, Pharmaceuticals, Pet Care, Dietary Supplements, Infant Nutrition and Food Fortification) and Region.
On the basis of geography, the market of Omega 3 Polyunsaturated Fatty Acids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Omega 3 Polyunsaturated Fatty Acids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Omega 3 Polyunsaturated Fatty Acids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, OZiva announced the launch of a new range of plant-based multivitamins to target the vegan population across the globe and fulfill the deficiency of omega-3 fatty acids in individuals. OZiva Multivitamins is a vegan supplement that delivers 200mg of Omega-3 which includes 150 mg DHA and 50 mg of EPA.
In July 2021, Neptune Wellness Solutions Inc. launched plant-based multi-Omega 3-6-9 gummies and soft gels. The Forest Remediesare vegan, gluten-free, non-GMO and are available in flavors like Orange Blossom and Fresh Raspberry. With this launch, the aim of the company is to help the population to fulfill its requirements of nutrients.
Market Drivers
- Surging Demand for Omega 3 Polyunsaturated Fatty Acids as a Dietary Supplements and in Fortified Functional Foods
- Limited Consumption of Foods that Contains Omega 3 Fatty Acids
Opportunities
- Use of Omega 3 Polyunsaturated Fatty Acids for Topical Applications in Pets and Human with Allergic Skin Diseases
Restraints
- Low Ability of Fishes or Animals to Produce LC-PUFAs for Human Nutrition
Challenges
- Lipid Oxidation During the Production of Omega-3 Enriched Foods
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Omega 3 Polyunsaturated Fatty Acids Manufacturers, Suppliers and Distributors of Omega 3 Polyunsaturated Fatty Acids, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.