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Global Omega-3 Market is Projected to Reach US$ 15.9 Billion by 2025

Author: QYResearch | Publish date: 2018-11-13 | Views: 25
New report published by QY Research which offers insights on the global Omega-3 market. The Omega-3 market has been experiencing steady growth graph since past years. The global Omega-3 market is valued at USD 9,598.4 million in 2016 and is expected to reach USD 14,862.9 million by the end of 2023, growing at a Growth Rate of 6.45% between 2016 and 2023.


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Global Omega-3 Market: Market Driver and Restraint

Applications of Omega-3 are anticipated to create new business segments in the market. Omega-3 is in use for a broad range of dietary supplements, fortified food and beverage, infant formula, pharmaceuticals and pet foods etc. Dietary supplement is the largest application field. The nutritional supplements category continues to though, though at a slower rate than the previous five boom years. The market is not fully saturated nonetheless, and producers are using new formulas to grow market size and shares. Developed country dynamics include a favorable demographic shift and focus on health and wellness. In emerging economies, the focus is on addressing nutritional deficiencies and fulfilling the needs of an expanding middle class.


Global Omega-3 Market: Forecast by Type

Omega-3 mainly has three types involved in ALA, EPA and DHA. It is also extracted from fish oil and algae oil, etc. Omega-3 produced by algae has not been wildly used. This method has great potential. 

According to raw material resource, Omega-3 has two types including marine omega-3 and algae omega-3.

Marine Omega-3 is mainly derived from fish oil or Krill oil, etc. EPA and DHA are found in cold-water fish such as salmon, mackerel, halibut, sardines, tuna, and herring.

Algae Omega-3 is made from microalgae, and offers a unique combination of EPA and DHA without the use of fish.


Global Omega-3 Market: Forecast by Region

Currently, Omega-3 is mainly distributed in Europe, North America, South America and China. Europe was the largest consumption region holding 37.40% of global share, while China consumption takes only 7.75% of global Omega-3 in 2016. Manufactures are limited by regional distribution of fish resources. This industry is mainly concentrated in areas which have rich aquatic resources.


Global Omega-3 Market: Key Players

DSM, BASF, EPAX, Golden Omega, TASA, Omega Protein, Croda, Marine Ingredients, GC Rieber, Polaris, Auqi, Kinomega, Skuny, Xinzhou, Anti-Cancer, Sinomega, Orkla Health, LYSI, OLVEA Fish Oils, Hofseth BioCare, Nippon Suisan Kaisha, KD Pharma, Shandong Yuwang Pharmaceutical, Maruha Nichiro Foods, Solutex and Bioprocess Algae are the key vendors included in this report.


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About Us: QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

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