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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Some of the key factors propelling the market include the increasing vitamin deficiencies, growing awareness regarding the health benefits of vitamin supplements, and rise in disposable income in developing countries of the region.
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