IMARC Group's report titled “Omega 3 Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global omega 3 ingredients market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.
Omega 3 ingredients are essential nutrients and naturally occurring polyunsaturated fatty acids (PUFAs) crucial for maintaining optimal human health. These ingredients can be found abundantly in fish, flaxseed, and various dietary supplements, such as algal, krill, refined tuna, and fish oil. Common types of omega 3 ingredients include alpha-linoleic acid or ALA, eicosapentaenoic acid or EPA, and docosahexaenoic acid (DHA). They play vital roles in structuring cell walls, providing energy, and promoting the proper functioning of the heart, lungs, blood vessels, immune system, and endocrine systems. As a result, omega 3 ingredients find extensive applications across several industries, including dietary supplements, infant formulas, clinical nutrition, pet food and feed, functional foods, and beverages, etc.
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Omega 3 Ingredients Market Trends and Drivers:
The omega 3 ingredients market is primarily driven by the growing prevalence of obesity and cardiovascular disorders across the globe and the elevating usage of the products in the treatment of chronic ailments such as severe hypertriglyceridemia. Furthermore, the increasing consumer preference for high-quality health supplements, owing to the hectic work life and busy schedules, is acting as another significant growth-inducing factor. Additionally, the escalating focus among leading manufacturers on incorporating advanced technologies in the production of omega-3 ingredients, enabling the removal of environmental pollutants, prevention of oxidation, and providing high-temperature resistance is also positively influencing the market growth. Besides this, the rising use of omega 3 ingredients in cosmetics, hair care, sun care, personal care, and colored products for achieving balanced hydration, regulating oil production, reducing breakouts, minimizing signs of aging, and soothing irritated or dermatitis-prone skin is expected to bolster the omega 3 ingredients market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Alpha-linolenic Acid (ALA)
- Docosahexaenoic Acid (DHA)
- Eicosapentaenoic Acid (EPA)
Breakup by Source:
- Marine Source
- Plant Source
Breakup by Application:
- Supplements and Functional Foods
- Pharmaceuticals
- Infant Formula
- Animal Feed
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Aker BioMarine ASA
- Archer-Daniels-Midland Company
- BASF SE
- Cargill Incorporated
- Cellana Inc.
- Clover Corporation Limited
- Corbion N.V.
- Croda International Plc
- Koninklijke DSM N.V.
- Omega Protein Corporation (Cooke Inc.)
- Pelagia AS
- Pharma Marine AS and Polaris.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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