04 September 2019
Visiongain has launched a new food & beverage report: Omega 3 Market Report 2019-2029 Forecasts by Application (Supplements & Functional Foods, Pharmaceuticals, Infant formulas, Pet & Animal Feed and Others) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis
Omega 3 is most commonly found in naturally occurring foods and are also added in fortified foods as they offer several health benefits. The major health benefits of Omega 3 are the prevention of cardiovascular diseases, helps in infant health and development, helps to prevent dementia, cognitive function and Alzheimer's diseases. However, an accurate amount of Omega 3 consumption is still not known by scientists. These benefits together are mainly driving the growth of the global Omega 3 market but there are other factors too which are restricting the growth of the market. For instance, high consumption of Omega 3 fatty acids causes bleeding problems and possibly affect the immune systems. Also, a deficiency of OMEGA 3 causes rough, scaly skin and a red, swollen, itchy rash. For instance, The US Drug and Administration Department recommends that EPA and DHA (obtained from Omega 3) should not be consumed more than 3g/ day including up to 2g /day from dietary supplements. Further, lacking awareness and sufficient research on the benefits of OMEGA 3 are also contributing to the decrease in the growth of global OMEGA 3 market.
North America is expected to account for major revenue share in the global OMEGA 3 market owing to high consumption of OMEGA 3 fortified food and functional food. Asia Pacific is projected to expand with the highest CAGR. This is because of rising awareness of OMEGA 3 fatty acids and rising health concerns across developing countries in the Asia Pacific region.
Some of the major companies operating in the global OMEGA 3 market are Aker BioMarine, Axellus, BASF, DSM, Omega Protein Corporation, GC Reiber Oils, Lonza, Martek Biosciences Corporation., Pronova BioPharma, Croda, EPAX, and BioProcess Algae.
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