Omega 3 Market Worth $13 Billion by 2027

1. Omega 3 Market Worth $13 Billion by 2027 Rapid Growth Projected for Global Omega 3 Market, Valued at US$4.4 Bn in 2019 Fairfield Market Research, a renowned market research firm, has released a comprehensive report on the global omega 3 market, highlighting its substantial growth potential in the coming years. According to the report, the market was valued at approximately US$4.4 billion in 2019 and is anticipated to reach a staggering value of around US$13 billion by 2027, exhibiting a robust compound annual growth rate (CAGR) of 14.6% from 2021 to 2027. Access full report:https://www.fairfieldmarketresearch.com/report/omega-3- market The escalating demand for nutraceuticals and increasing awareness of the health benefits associated with omega 3 consumption are driving the growth of the global omega 3 market. Omega 3 fatty acids, known for enhancing overall physical performance, are witnessing a rising trend in the field of mother and newborn nutrition products. This, coupled with the growing health consciousness among consumers, is fueling the demand for omega 3-based dietary supplements. However, the lack of clarity regarding the ideal daily intake of omega 3 remains a significant challenge for the market. Despite widespread usage of omega 3 supplements and fortified foods and beverages, a considerable portion of the population remains unaware of the recommended daily amount. The absence of a precise guideline for daily consumption, despite extensive scientific research, hinders the market's performance, particularly in developing countries with low consumer awareness and limited healthcare infrastructure. To address these challenges, there is an increasing emphasis on research and development efforts to discover alternative sources of omega 3. Consumers, particularly the aging population and those at a higher risk of cardiovascular ailments, are gravitating toward products with high levels of omega 3 fatty acids. The market is witnessing a surge in the demand for dietary supplements, as they are consciously consumed compared to covert absorption through regular meals or beverages. Additionally, omega 3 is finding its way into pet nutrition, offering potential benefits for animals' health and enhancing the quality of meat, eggs, and milk produced by farm animals. Geographically, North America is expected to lead the global omega 3 market by 2027. The region's relentless product launches and increasing demand for

2. nutraceuticals contribute to its dominance. Unhealthy habits resulting from changing lifestyles and busy schedules have led to various lifestyle-related health conditions, thereby driving the demand for omega 3 in the region. The United States, in particular, is poised for substantial growth due to a growing consumer base for healthy dietary products, heightened health concerns and awareness, and easy accessibility to health foods. Simultaneously, the Asia Pacific region is rapidly emerging as the fastest-growing market, exhibiting a high CAGR. The global omega 3 market is highly competitive and diverse, with the presence of numerous local and international manufacturers. Key players in this market include BASF Corporation, Cargill Inc, DSM, Lonza, Corbion, Ingredion Incorporated, Archer-Daniels-Midland Company, Friesland Campina, Kerry PLC, and Olam International Ltd. These industry leaders are continuously investing in product innovation and expanding their production facilities to meet the escalating demand for omega 3.