Omega-3 Fatty Acids Market valued at USD 1,922.05 million

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Pune, India, April 19, 2021 (GLOBE NEWSWIRE) – According to a report released by Fortune Business Insights, “Omega-3 Fatty Acids Market Size, Share, and Industry Analysis, By Source (Concentrates, Fish Oil, Algae Oil, Krill Oil, and Other Vegetable.” Sources), Application (Dietary Supplements, Functional / Fortified Foods, Infant Formula, Medicines, and Pet Food & Feed), and Regional Forecast, 2020-2027, “The global omega-3 fatty acid market size is projected to reach $ 1.92 billion by the end of 2027 . The increasing awareness of the benefits of these products will show in favor of market growth. The increasing integration of omega-3 fatty acids in dietary supplements will be a good sign for the market in the coming years. The market was valued at $ 1.45 billion in 2019 and will have a CAGR of 3.89% over the forecast period 2020-2027.

The list of leading companies in the world market is:

  • Royal DSM NV (Netherlands)
  • Evonik (Germany)
  • BASF SE (Germany)
  • Lonza (Switzerland)
  • Epax (Norway)
  • Croda International, Plc (United Kingdom)
  • Cargill, Inc. (United States)
  • Golden Omega (Chile)
  • Corbion (Netherlands)
  • Polaris (United States)

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Omega-3 fatty acids found in food sources such as fish and flaxseed. These products are considered an important source for the human body and have been in massive demand in recent years. The increasing demand for the product will have a massive impact on the growth of the overall market in the coming years. The high investments in the extraction of omega-3 fatty acids offer the market several growth opportunities.

The coronavirus outbreak has created a huge gap between supply and demand as businesses shut down around the world. In addition, strict measures to minimize the spread of the disease have adversely affected overall market growth in 2020. Because of the heavy losses, companies will try to develop outstanding strategies to help them make up for economic losses.

Increasing FDA approvals are a good sign for the market

The report encompasses several factors that have contributed to the overall market growth over the past several years. It highlights the impact of recent strategies that large companies have put in place to generate significant revenue. Of all the factors, the increasing number of regulatory approvals in recent years has had the greatest impact on the growth of the overall market.

In June 2019, the U.S. Food and Drug Administration announced that it had approved the use of some Qualified Health Claims (QHC). The FDA announced that QHCs indicate the effects of EPA and DHA consumption on human health. Omega-3 fatty acids contain these substances and their regulated use can help reduce the risk of heart disease. This product can also reduce the risk of high blood pressure and heart disease, and their consumption in controlled amounts can be of paramount importance to human health and wellbeing. The report underscores the importance of FDA approvals for overall market growth in the years to come.

North America becomes dominant; Raising awareness of the benefits of the product will fuel market growth

The report analyzes the current market trends in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the North American market currently dominates the market. The increasing awareness of the consumption of the product and its health benefits will lead to wider product adoption. As of 2019, the market in North America was valued at USD 587.12 million and this value is expected to continue to grow in the coming years. The Asia Pacific market will see significant growth due to the presence of several large companies in the region.

Search detailed research report summary with table of contents:

https://www.fortunebusinessinsights.com/industry-reports/omega-3-fatty-acids-market-100248

Detailed table of contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and Assumptions
  • Summary
  • Market dynamics
    • Market leader
    • Market restrictions
    • Market opportunities
    • New trends
  • Important insights
    • Overview of the parent / related markets
    • Industry SWOT analysis
    • Supply chain and regulatory analysis
    • Recent industry developments – policies, partnerships, new resource introductions, and mergers and acquisitions
  • Global Omega-3 Fatty Acids Market Analysis, Insights, and Forecasts, 2016-2027
    • Main results / summary
    • Market size estimates and forecasts
      • According to source
        • Concentrates
        • Fish oil
        • Algae oil
        • Krill oil
        • Other plant sources
      • After application
        • Food supplements
        • Functional / Forified Foods
        • Infant formula
        • Pharmaceuticals
        • Animal feed & pet food
      • By region
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East and Africa
  • Omega-3 Fatty Acids Market Analysis, Insights, and Forecasts in North America, 2016-2027
    • Main results / summary
    • Market size estimates and forecasts
      • According to source
        • Concentrates
        • Fish oil
        • Algae oil
        • Krill oil
        • Other plant sources
      • After application
        • Food supplements
        • Functional / Forified Foods
        • Infant formula
        • Pharmaceuticals
        • Animal feed & pet food
      • By country (value)

Table of contents continued…!

Key development in the industry:

September 2019: Polaris announces the launch of a new highly concentrated, ultra-purified algae omega-3 oil that is suitable for vegans and vegetarians, GMO-free and allergen-free.

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