A comprehensive overview of the Omega 3 market is recently added by UnivDatos Market Insights to its humongous database. The Omega 3 report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Omega 3 market. Omega 3 report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates Omega 3 at the global and regional levels. The Omega 3 Market is expected to grow at a CAGR of around 10% from 2021-2027.
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Market Overview
The growing prevalence of diseases such as rheumatoid arthritis, heart diseases, brain stroke, diabetes, etc., is also contributing to the growth of the market. According to the International Diabetes Federation, people with diabetes are expected to increase from 382 million in 2013 to 592 million in 2035. Nearly one in ten people globally will have diabetes by 2035. Further, as reported by WHO, an increasingly aging population will accelerate cancer prevalence in the coming decades; the annual number of new cancer cases is projected to rise to 17 million by 2020, and reach 27 million by 2030, globally
Moreover, the benefits of omega 3 are leading to the growing demand, globally. As per National Center for Complementary and Integrative Health, Omega-3 supplements may help relieve symptoms of rheumatoid arthritis. American College of Cardiology and American Heart Association (ACC/AHA) recommends eating fish as part of a heart-healthy diet. Indeed, having a diet rich in omega-3 fatty acids may help prevent heart disease, protect the brain, and eye health, and contribute to fetal development
COVID-19 Impact
The demand for the omega witnessed a sharp rise during COVID-19. As per Cedars Sinai Medical Centers in Los Angeles, patients with the most omega 3 in their systems were 75% less likely to die from COVID -19. Also, Omega-3 fatty acids reduced the risk of SARS-CoV-2 by 12 percent (8 to 16 percent range)
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The Omega 3 Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into
• Eicosatetraenoic acid (EPA)
• Docosahexaenoic acid (DHA)
• Alpha-linolenic acid (ALA)
The Eicosatetraenoic acid (EPA) segment gathered a major market of Omega 3 in 2020 and grabbed XX% market share. The market of this segment is expected to witness robust growth as A daily intake of 250 mg EPA+DHA per adult gives optimal protection against diseases. Moreover, this amount is protective against coronary heart disease. For children, research suggests that 150 mg per day is enough for optimal brain development.
By Source, the market is primarily bifurcated into
• Marine
• Plant
The marine segment grabbed a major market in 2020. Moreover, the Federal Government’s Dietary Guidelines for Americans 2015–2020 recommends that adults eat 8 or more ounces of a variety of seafood per week for the total package of nutrients seafood provides and that some seafood choices with higher amounts of EPA and DHA be included.
Omega 3 Market Geographical Segmentation Includes:
· North America
· Europe
· Asia-Pacific
· Rest of the World
Based on the estimation, the North America region grabbed a major market share in 2020. The demand for omega 3 in North America is on the rise due to the growing awareness abhotu the health benefits of omega 3 among consumers.
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The major players targeting the market includes
• BASF SE
• Aker Biomarine Antarctic AS
• Orkla Health
• Omega Protein Corp.
• GC Reiber Oils
• Lonza
• Croda International Plc
• EPAX
• BioProcess Algae, LLC
• Koninklijke DSM N.V
The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Omega 3 market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the Omega 3 Market?
· Which factors are influencing the Omega 3 Market over the forecast period?
· What are the global challenges, threats, and risks in the Omega 3 Market?
· Which factors are propelling and restraining the Omega 3 Market?
· What are the demanding global regions of the Omega 3 Market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
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