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Increasing awareness about the health benefits provided by omega-3 PUFA and shift in preference from curative healthcare to preventive healthcare

VANCOUVER, BC, UNITED STATES, August 23, 2022 /EINPresswire.com/ -- The study on the Global Omega 3 PUFA Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Omega 3 PUFA market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Omega 3 PUFA industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Omega 3 PUFA industry

The global omega-3 PUFA market is expected to reach a market size of USD 11.71 Billion in 2028 and register a CAGR of 10.8% during the forecast period, according to the latest analysis by Emergen Research. The projected growth figures are attributed to increasing awareness about the array of health benefits provided by omega-3, a shift in preference from curative healthcare to preventive healthcare, and favorable government regulations.

Clinical studies have shown the preventive and therapeutic effects of omega-3 PUFAs on various illnesses such as coronary heart disease, rheumatoid arthritis, cancer, neurodegenerative, neuropsychiatric, and inflammatory diseases. There is an increasing demand for omega-3 in functional food & beverages, dietary supplements, infant formula, animal feed & pet food. The commercial production processes, in turn, is expected to drive market’s growth during the forecast period.

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As well as new entrants in the Omega 3 PUFA market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.

Major companies in the omega-3 PUFA market are Cargill Inc., BASF SE, Croda International Plc, Golden Omega S.A., Omega Protein Corporation, GC Rieber Oil, Royal DSM, Solutex GC, Pharma Marine AS, and Arista Industries, Inc.

Market Scope:

One of the report’s central components is the broad Omega 3 PUFA market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.

Radical Features of the Omega 3 PUFA Market Report:

The report encompasses Omega 3 PUFA market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements

An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently

Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies

Supply chain analysis along with technological advancements offered in the report

The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Omega 3 PUFA industry

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The global Omega 3 PUFA market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Omega 3 PUFA sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

Emergen Research has segmented omega-3 PUFA market based on type, source, application, and region:

Type Outlook (Revenue, USD Billion; 2021–2028)

Docosahexaenoic Acid (DHA)

Eicosapentaenoic Acid (EPA)

Alpha-linolenic Acid (ALA)

Source Outlook (Revenue, USD Billion; 2021-2028)

Marine Source

Plant Source

Application Outlook (Revenue, USD Billion; 2021-2028)

Functional Food & Beverages

Dietary Supplements

Infant Formula

Pharmaceuticals

Animal Feed & Pet Food

Others

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Reports Highlights:

In March 2020, GC Rieber Oils, a Norwegian producer of marine-derived omega-3 concentrates, collaborated with Barrington Nutritionals to distribute its Vivo mega omega-3 fish oils line in Mexico and the US market to expand the application of Vivomega oils in the functional food, nutraceutical, and pharmaceutical sectors.

In May 2020, Royal DSM, a purpose-led, global science-based company dealing in nutrition, health, and sustainable living, launched a high-quality life’s DHA SF55-O200DS oil for maternal and infant nutrition solutions. Life’s DHA SF55-O200DS, a sustainable plant-based alternative to fish oil produced from Schizochytrium algae, supports infant health and development and can be consumed in a single, convenient dose.

North America held the largest market share in the year 2020 and is expected to register a stable CAGR during the forecast period. Rising awareness about the array of health benefits provided by omega-3 PUFA among the consumers, willingness to spend more on nutritional products, fortified food product availability, and approval from the United States Food and Drug Administration to include omega-3 drugs in a diet for better heart health application are the key factors driving the market growth.

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Omega 3 PUFA Market Size Worth USD 11.71 Billion in 2028

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