Omega 3 Market Scope
Omega-3 refers to the class of essential fatty acids found in fish oils. The ingredients in Omega-3 have diverse applications in the health or medical benefits, including the prevention and treatment of various chronic diseases such as high blood pressure, cardiovascular diseases, and cancer. Moreover, According to the U.S. Food and Drug Administration (FDA), the use of omega-3 fatty acids in food or dietary supplements can reduce the risk of coronary heart disease and hypertension. Increasing demand for dietary supplements enhancing the growth of the omega-3 market as there has been a rise in demand for pharma-grade omega 3 in the last few years. Moreover, technological advancement in the medical science and food industry expected to drive the demand for the omega 3 market over the forecasted period.
According to AMA, the Global Omega 3 market is expected to see growth rate of 10.12%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Omega 3 market throughout the predicted period.
Cargill, Incorporated (United States), FMC Corporation (United States), Royal DSM (Netherland), Croda Inc. (United Kingdom), Omega Protein Corporation (United States), Pharma Marine USA LLC (United States), Denemoga (Norway), Arista Industries Inc. (United States), Gc Rieber (Norway) and Polaris (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Luhua Biomarine (Shandong) Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Omega 3 market by Type (ALA (Alpha-Linolenic Acid), DHA (Docosahexaenoic Acid) and EPA (Eicosapentaenoic Acid)), by Application (Dietary Supplement, Pharmaceutical, Infant Formula, Food & Beverage, Pet Food and Fish Feed) and Region with country level break-up.
On the basis of geography, the market of Omega 3 has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
Market Trend
- Rising Applications in the Pharmaceuticals & Functional Foods
- Technological Advancement in the Manufacturing Techniques of Omega-3
Market Drivers
- Increasing Consumer Awareness Regarding Health Benefits of Omega-3
- Growing Focus on Preventive Healthcare Measures
Opportunities
- Increasing Usage in the Active Pharmaceutical Ingredient (API)
- Rising Demand from the Developing Economies
Restraints
- High Cost Involved In R&D Activities
- Stringent Government Regulations
Challenges
- Low Production of Fish Oil Owing to Sustainability Issues of Fisheries
Key Target Audience
Omega 3 Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others