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Global Omega-3 Market – Analysis and Forecast (2020-2027)

The global omega-3 market is anticipated to grow at a CAGR of 10.1 % and to reach USD 9.3 billion during the forecast period 2021-2027. The global omega-3 market is growing at a significant rate, due to the increase in consumption of omega-3 in the active pharmaceutical ingredient (API) and is one of the major factors driving the demand for the product. It is consumed as a dietary supplement as it reduces the risk of cardiovascular and heart diseases.

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Global Omega-3 Market – Analysis and Forecast (2020-2027)

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  1. Global Omega-3 Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Omega-3 Market The global omega-3 market is anticipated to grow at a CAGR of 10.1 % and to reach USD 9.3 billion during the forecast period 2021-2027. The global omega-3 market is growing at a significant rate, due to the increase in consumption of omega-3 in the active pharmaceutical ingredient (API) and is one of the major factors driving the demand for the product. It is consumed as a dietary supplement as it reduces the risk of cardiovascular and heart diseases. The rising number of patients with inflammatory bowel diseases, cancer, depression, arthritis, asthma, and eyesight problems are the reasons for the demand for omega-3 products globally. The industry has witnessed rapid growth for omega-3 supplements as it prevents cardiovascular disease, depression, arthritis, and asthma. Omega-3 fatty acids are essential and cannot be synthesized in the human body, so these can be obtained via diet. This is driving the growth of the market across the globe.

  4. Global Omega-3 Market The COVID-19 pandemic has created many opportunities for manufacturers of health-oriented products, i.e., dietary supplements as it helps in maintaining immunity and fights with the deadly virus. This in turn propels the demand for associated markets, including omega-3 products. Asia-Pacific is expected to witness a significant share during the forecast period because of the demand for healthy and nutritional products, increasing intake of fish oil in the daily diet, and rising disposable income. Also, investments from major players in developing nations further support the growth of the omega-3 market. China has a large population and there are a lot of patients in China who have chronic diseases. So, the government is taking initiatives to promote healthy food habits which further propels the growth of the omega-3 market.

  5. Global Omega-3 Market Key strategies adopted by the manufacturers in the omega-3 market include product quality development, enhancing and innovating their product portfolios, and capacity expansion. Companies are focusing on product differentiation by introducing different forms of products, such as tablets, liquids, and powder. In May 2020, DSM has expanded its nutrition portfolio with ARA and DHA powder which is especially for infant nutrition. This powder contains a minimum of 110 mg DHA and ARA. Furthermore, it is sourced from sustainable vegetarian DHA omega-3 and ARA omega-6 which aid to meet the global sustainable demands. Key players are adopting strategic initiatives, such as mergers and acquisitions and product innovation, in order to deal with competition in the omega-3 market. Key players in the Omega-3 market are Cargill, Incorporated., BASF SE, Koninklijke DSM N.V., Lonza Group AG, Orkla ASA, Croda International Plc, Omega Protein Corporation, Epax Norway AS, GC Rieber, and Nordic Naturals, Inc.

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