U.S (New York)– The “Omega-3 Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
Omega-3 is a polyunsaturated fatty acids (PUFAs) with a carbon double bond at the third carbon position from the tail-end of the carbon chain. It is primarily obtained from various sources such as fish oil, krill oil, algal oil, walnut, pumpkin seed, and soybean oil. Alpha-linolenic acid (ALA), docosahexaenoic acid (DHA), and eicosapentaenoic acid (EPA) are the major type of omega-3 that are vital for normal human metabolism. Regulatory bodies, such as FDA, have drafted specifications regarding the consumption of omega-3. For instance, the consumption of omega-3 fatty acid per day is limited to 1,500mg. in Russia. Likewise, it is 500mg for France, 450mg for Norway, and 160mg for Australia and New Zealand. The global omega-3 market is projected to reach $ 6,955 million by 2022.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The world omega-3 market is driven by factors such as scientifically proven health benefits and increasing awareness among consumers about healthy eating and balanced diet. This factor is expected to have a significant impact on the market growth due to increasing awareness among individuals. Omega 3 intake helps in preventing chronic diseases such as cancer, arthritis, and cardiovascular diseases. In addition, omega-3 supplements, such as EPA and DHA help in preventing prostrate, colon, and breast cancers. However, high cost of manufacturing coupled with stringent regulatory barriers are some of the key challenges faced by market players.
The global omega-3 market is segmented based on type, source, application, and geography. DHA segment dominated the overall omega-3 market with more than three-fourths share in 2015; whereas, the ALA and EPA segments jointly accounted for one-fourth revenue share of the market in the same year. ALA segment is the projected to grow rapidly registering a CAGR of 15.8% from 2016 to 2022. Furthermore, omega-3 is classified based on source into marine, nuts & seeds, vegetable oils, and soya & soya products. Based on application, the market is divided into dietary supplements, pharmaceuticals, infant formulas, food & beverages, pet food, and fish feed. Pharmaceutical application segment is expected to grow rapidly registering a CAGR of 18% from 2016 to 2022. The world omega-3 market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America region dominated the global market by accounting for more than one-third share of the overall market in 2015, followed by the Asia-Pacific and European regions.
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KEY BENEFITS
The report provides an in-depth analysis of the world omega-3 market along with current trends and future estimations, in terms of both value and volume, for the period of 2016-2022
The report provides information about the current market situation, changing market dynamics, expected trends, and market intelligence.
In-depth market analysis of the market has been provided for more than 25 different countries for each geographic region.
The factors that drive and impede the market growth have been comprehensively analyzed in this study.
SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
The report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market.
Microlevel analysis is conducted based on type, source, application, and region.
The report provides a country-wise analysis of the omega-3 market based on type and application.
The top players in the market have heavily invested in R&D activities to develop advanced products to cater to the high demand of the market. Some of the major players profiled in the report include Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS, and Polaris. Cargill, Inc.
OMEGA-3 MARKET SEGMENTS
The world omega-3 market is segmented on the basis of type, source, application, and geography.
By Type
Alpha-Linolenic Acid (ALA)
Docosahexaenoic Acid (DHA)
Eicosapentaenoic Acid (EPA)
By Source
Marine
Fish Oil & Krill Oil
Algal Oil
Nuts and Seeds
Walnut
Pumpkin Seeds
Others (Hazelnuts, Chia Seeds, Tahini)
Vegetable Oils
Soybean Oil
Canola Oil
Others (Olive Oil, Flaxseed Oil)
Soya and Soya Products
Soya Milk
Bean Curd
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By Application
Dietary Supplement
Pharmaceutical
Infant Formula
Food & Beverage
Pet Food
Fish Feed
By Geography
North America
U.S.
Canada
Mexico
Europe
Austria
Norway
Ireland
Iceland
Sweden
Switzerland
The Netherlands
Poland
Spain
UK
Italy
Germany
Russia
France
Finland
Belgium
Rest of Europe
Asia-Pacific
China
India
Indonesia
Rest of Asia-Pacific
LAMEA
South Africa
Brazil
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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