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Global Omega-3 PUFA Market: Information by Type (Docosahexaenoic Acid [DHA], Eicosapentaenoic Acid [EPA], Alpha-Linolenic Acid [ALA]), Source (Plant Sources [Flaxseed, Chia Seed and others], Marine Sources [Fish, Algae, Krill and others]), Application (Functional Food & Beverages, Dietary Supplements, Infant Formula, Pharmaceuticals & Nutraceuticals and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025
Generally, Omega-3 long-chain polyunsaturated fatty acids (PUFA), including eicosatetraenoic acid (EPA) and docosahexaenoic acid (DHA), are dietary lipids that offer an array of health benefits. Omega-3 PUFA play a crucial role in anti-inflammatory processes in the cell membrane. The Global Omega-3 PUFA Market is expected to register a CAGR of 11.01% to reach USD 8,418.0 Million by 2025. The global omega-3 PUFA market is expected to grow at a notable pace during the forecast period. Market growth can be credited to the increasing health awareness and the growth of various application industries. The focus on preventive healthcare is a key factor for the growth of the market. The alternative sources of omega-3 have created growth openings for market players. However, the high costs of omega-3 are impeding the growth of the market.
The global omega-3 PUFA market is segmented based on material type, application and region respectively. Omega-3 PUFA are highly used in dietary supplements. Consumption of these supplements is projected to rise in the next few years which will boost the application of omega-3 PUFA in dietary supplements. The dietary supplements segment is expected to expand at a substantial CAGR and reach USD 2,846.4 million by the end of 2025. However, the rising demand for nutrition-rich infant formula is projected to boost the sales of omega-3 PUFA in infant formula and the segment is estimated to be the fastest-increasing during the forecast period.
Geographically the global omega-3 PUFA market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. However, the market in Asia-Pacific is projected to exhibit the highest CAGR during the forecast period. The need for omega-3 in infant formula in the region has grown in the last few years and is projected to continue during the forecast period. Europe settled for a significant share of the market in 2018. Consumers in the region are health mindful and prefer high nutritious products which improve the consumption of omega-3 PUFA in this region. Whereas, North America is expected to constitute the largest share of the global omega-3 PUFA market during the forecast period. The region settled for a 31.11% share of the global market in 2018. The US is a major contributor to the growth of the North American omega-3 PUFA market. Growing health consciousness among consumers and improving understanding as regards the benefits of omega-3 are key reasons guiding the growth of the market.
The proposed spectators in the global omega-3 PUFA market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the global omega-3 PUFA market are concentrating on firming their global ways by entering untouched markets. The projected onlookers in the global omega-3 PUFA market are companies like Croda International Plc (UK), Cargill, Incorporated (US), BASF SE (Germany), Pharma Marine AS (Norway), Polaris (France), Pelagia AS (Norway), Arista Industries (US), Koninklijke DSM N.V. (Netherlands), Arjuna Natural Pvt Ltd (India) and Omega Protein Corporation (US).
Market analysis
Generally, Omega-3 long-chain polyunsaturated fatty acids (PUFA), including eicosatetraenoic acid (EPA) and docosahexaenoic acid (DHA), are dietary lipids that offer an array of health benefits. Omega-3 PUFA play a crucial role in anti-inflammatory processes in the cell membrane. The Global Omega-3 PUFA Market is expected to register a CAGR of 11.01% to reach USD 8,418.0 Million by 2025. The global omega-3 PUFA market is expected to grow at a notable pace during the forecast period. Market growth can be credited to the increasing health awareness and the growth of various application industries. The focus on preventive healthcare is a key factor for the growth of the market. The alternative sources of omega-3 have created growth openings for market players. However, the high costs of omega-3 are impeding the growth of the market.
Market segmentation
The global omega-3 PUFA market is segmented based on material type, application and region respectively. Omega-3 PUFA are highly used in dietary supplements. Consumption of these supplements is projected to rise in the next few years which will boost the application of omega-3 PUFA in dietary supplements. The dietary supplements segment is expected to expand at a substantial CAGR and reach USD 2,846.4 million by the end of 2025. However, the rising demand for nutrition-rich infant formula is projected to boost the sales of omega-3 PUFA in infant formula and the segment is estimated to be the fastest-increasing during the forecast period.
Regional analysis
Geographically the global omega-3 PUFA market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. However, the market in Asia-Pacific is projected to exhibit the highest CAGR during the forecast period. The need for omega-3 in infant formula in the region has grown in the last few years and is projected to continue during the forecast period. Europe settled for a significant share of the market in 2018. Consumers in the region are health mindful and prefer high nutritious products which improve the consumption of omega-3 PUFA in this region. Whereas, North America is expected to constitute the largest share of the global omega-3 PUFA market during the forecast period. The region settled for a 31.11% share of the global market in 2018. The US is a major contributor to the growth of the North American omega-3 PUFA market. Growing health consciousness among consumers and improving understanding as regards the benefits of omega-3 are key reasons guiding the growth of the market.
Major players
The proposed spectators in the global omega-3 PUFA market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the global omega-3 PUFA market are concentrating on firming their global ways by entering untouched markets. The projected onlookers in the global omega-3 PUFA market are companies like Croda International Plc (UK), Cargill, Incorporated (US), BASF SE (Germany), Pharma Marine AS (Norway), Polaris (France), Pelagia AS (Norway), Arista Industries (US), Koninklijke DSM N.V. (Netherlands), Arjuna Natural Pvt Ltd (India) and Omega Protein Corporation (US).
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