“Omega 3 Market is projected to expand with moderate growth rate over 2019-2029”, says Visiongain report

04 September 2019
Food and Drink

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.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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