Omega-3 polyunsaturated fatty acids Market is anticipated to grow at a CAGR of 10.3% during the forecast period. The market is mainly due to the significant consumption of omega-3 in dietary supplements and pharmaceutical industries from across the globe. Omega-3 fatty acids cannot be synthesized by the human body and it is an essential element to enhance metabolic activities such as cognitive and cardiovascular functions. As a result, the adoption of omega-3 is rising through raising awareness and easy availability of omega-3 fatty acids in the market. The global rise in lifestyle-oriented diseases such as CVD, CHD, Rheumatic Arthritis, Parkinson’s disease, and another lingering disease are boosting the global omega-3 polyunsaturated fatty acids market.
Moreover, pharmaceutical drug manufacturers are using omega-3 as an ingredient in drugs that are used to treat various lifestyle-oriented diseases. The rise in health consciousness among individuals and a wide variety of omega-3 products are expected to drive the market in the near future. Along with that, the Global omega-3 polyunsaturated fatty acid market is affected by the high cost due to low production of fish oil and huge expenditure in R&D. However, rising alternatives of omega-3 through marine and plant sources are expected to overcome the high cost.
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- Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Omega-3 Polyunsaturated Fatty Acid Market Report Segment
By Type
- Docosahexaenoic Acid
- Eicosapentaenoic Acid
- Alpha-Linolenic Acid
By Source
- Marine Source
- Plant Source
By Application
- Dietary Supplements
- Functional Food & beverages
- Pharmaceutical
- Others (Infant Formula, pet food)
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Omega-3 Polyunsaturated Fatty Acid Market Report Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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