San
Francisco 10 May 2019 The Report Omega 3 Market Size, Share & Trends Analysis Report By Application
(Supplements & Functional Foods, Pet & Animal Feed, Pharmaceuticals,
Infant Formulas), By Region (North America, APAC), And Segment Forecasts, 2019
- 2025
The global omega 3 market size is projected to reach USD 3.77 billion by 2025
registering a CAGR of 7.4%, according to a new report by Grand View Research,
Inc. Rising product usage in the Active Pharmaceutical Ingredient (API) market
is among the major driving factors for the omega 3 market. Moreover, rising
population in emerging regions, most notably in Asia Pacific, has complemented
the growth of this market. In addition, technological advancements pertaining
to the manufacturing of APIs among other highly potent active ingredients will
drive the market further.
In addition, rapid growth of the dietary
supplements market is projected to bolster the product demand. Omega 3 is being
increasingly used in the dietary supplements as it can significantly reduce the
risk of cardiovascular and heart diseases. Moreover, it can also reduce the
risk of arrhythmias or abnormal heartbeats. Furthermore, it helps slow down the
growth of atherosclerotic plaque while lowering the levels of blood pressure.
In addition, rising disposable incomes, especially in middle class population
in emerging economies of China and India, will augment the demand further.
North America emerged as the largest market
in 2018 due increased focus on R&D activities for developing various grades
of the product, especially pharma-grade omega 3 for enhanced medication to
prevent chronic diseases. However, Asia Pacific is expected to witness the
fastest CAGR over the forecast period. Ongoing advancements in the food
industry and medical science coupled with demographic changes and high consumer
demand are expected to provide impetus for the regional market growth.
Access Research Report of Omega 3 Market@ https://www.grandviewresearch.com/industry-analysis/omega-3-market
Further key findings from the study suggest:
· Supplements & functional foods emerged
as the largest application segment in 2018 and is expected to register a CAGR
of 7.3% over the forecast period
· Led by emerging economies like India,
China, and Japan, Asia Pacific is expected to witness the fastest growth over
the forecast period
· The market is characterized by intense
competition among international and domestic companies. Thus, mots companies
have undertaken M&A as their key strategy to withstand the competition
· Furthermore, product innovation has also
been a preferred strategic initiative by prominent manufacturers
· Some of these key market participants
include Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corp., GC Rieber
Oils AS, Martek Biosciences Corp., and Lonza Group
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has
segmented the global omega 3 market on the basis of application and region:
Omega 3 Application Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Supplements & Functional Foods
·
Pharmaceuticals
·
Infant Formulas
·
Pet & Animal Feed
·
Others
Omega 3 Regional Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Omega 3 Market@ https://www.grandviewresearch.com/press-release/global-omega-3-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
