According to a market report, published by Sheer Analytics and Insights, The global omega-3 PUFA market was valued at $ 2.4 billion in 2021 and it is expected to reach $ 6.7 billion at a CAGR of 9.50% through the forecast period 2022 and 2032. Omega-3 fatty acids have positive effects on women who are pregnant. Intake of omega-3 fatty acids lowers the risk of preeclampsia and even might increase the birth weight. Taking omega-3 PUFA also decreases the risk of depression in a mother. Therefore, the rising demand for omega-3 PUFA is driving the growth of the market across various regions. Along with this, other driving factors such as it helps in reducing blood pressure, works as a dietary supplement, and it also supports proper blood flow in the human brain, are expected to propel the growth of the market during the forecast period. Moreover, DHA and EPA can help in developing brain health for children and heart health for adult people, which is estimated to fuel the market growth. At present days, several key players are focusing on providing high-quality omega-3 PUFA products to fulfill the requirements of a large number of worldwide consumers who have become health conscious than before.
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Key players such as BASF SE, Koninklijke DSM N.V., and Croza International Pic are focusing on fulfilling specific client requirements to expand their business growth among various customers across the globe. Moreover, few companies are trying to utilize krill oil as an alternative source to replace fish oil due to the increasing levels of impurity which can be found in fish oil. A large number of consumers are adopting plant-based omega-3 fatty acids, due to the increasing demand for deep-sea fish oil among vegan people. Plant-based omega-3 PUFA is more sustainable and it has several benefits. Increasing adaption of algae and other fish which consists of omega-3 fatty oils and acids are estimated to witness a propel growth of the market during the upcoming years. Therefore several manufacturers are including plant-based omega-3 foods such as chia seeds, flaxseeds, hemp seeds, walnuts, and more.
Among various regions, Europe held a significant growth of the market over the last few years due to the rising consumption of omega-3 PUFA owing to governmental support, and making DHA an essential ingredient in children’s diet food. These factors are anticipated to drive the market across the Europe region. Although, North America is dominating the omega-3 PUFA market for last couple of years, due to growing health awareness among consumers and rising adoption of omega-3 as nutritional foods.
According to the study, key players dominating the global omega-3 PUFA market are Aker BioMarine Company (Norway), Orkla ASA Conglomerate Company (Norway), BASF Chemicals Company (Germany), Cooke Inc. Company (Canada), GC Rieber Company (Norway), Lonza Group AG Manufacturing Company (Switzerland), Croda International Chemicals Company (U.K), DSM Corporation (Netherlands), Cargill Corporation (U.S), Cooke Inc. Company (Canada), ADM Food Processing Company (U.S), Unilever Plc Company (U.K), Alticor Global Holdings Company (U.S), Nestle Food Company (Switzerland), Corbion Chemicals Company (Netherlands), Laco AS Company (Germany), Harbin Pharmaceutical Group Company (China), Windmill Health Products (U.S), Herbalife Nutrition Corporation (U.S), Pharma marine AS Company (Norway), Polaris Inc. Company (U.S), OLVEA Fish Oil (France), Abbott Laboratories Company (U.S), Sanofi Pharmaceutical Company (France), Reckitt Company (U.K), among others.
The Global Omega-3 PUFA Market Has Been Segmented Into:
The Global Omega-3 PUFA Market – by Product Type:
- Alpha-Linolenic Acid (ALA)
- Eicosapentaenoic Acid (EPA)
- Docosahexaenoic Acid (DHA)
The Global Omega-3 PUFA Market – by Source:
- Plant Source
- Marine Source
The Global Omega-3 PUFA Market – by Application Type:
- Supplements and Functional Foods
- Pharmaceuticals
- Infant Formula
- Domestic Animal Feed
- And Other
The Global Omega-3 PUFA Market – by Region:
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe Countries
Asia-Pacific
- India
- China
- Japan
- South Korea
- North Korea
- Rest of Asian Countries
Latin America, Middle East & Africa (LAMEA)
- Brazil
- Saudi Arabia
- Rest of LAMEA
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