Omega-3 PUFA Industry |Market Size, Demand, Trends, Share, Growth, Forecast, Analysis and Overview till 2025


Posted July 20, 2020 by Sidhant18

Omega-3 PUFA Industry |Market Size, Demand, Trends, Share, Growth, Forecast, Analysis and Overview till 2025
 
Global Omega-3 PUFA Market: Information by Type (Docosahexaenoic Acid [DHA], Eicosapentaenoic Acid [EPA], Alpha-Linolenic Acid [ALA]), Source (Plant Sources [Flaxseed, Chia Seed and others], Marine Sources [Fish, Algae, Krill and others]), Application (Functional Food & Beverages, Dietary Supplements, Infant Formula, Pharmaceuticals & Nutraceuticals and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2025

The Global Omega-3 PUFA Market is expected to register a CAGR of 11.01% to reach USD 8,418.0 Million by 2025. Omega-3 long-chain polyunsaturated fatty acids (PUFA), including eicosatetraenoic acid (EPA) and docosahexaenoic acid (DHA), are dietary lipids that offer an array of health benefits. Omega-3 PUFA play a crucial role in anti-inflammatory processes in the cell membrane, thereby improving immunity in response to an infection in the human body.

The global omega-3 PUFA market is expected to grow at a notable pace during the forecast period. Market growth can be attributed to the increasing health consciousness and the growth of various application industries. The focus on preventive healthcare is a key factor for the growth of the market. The alternative sources of omega-3 have created growth opportunities for market players. However, the high costs of omega-3 are hampering the growth of the market.

Market Dynamics

Omega-3 PUFA Industry is expected to grow at a substantial rate during the forecast period. Omega-3 PUFA offers various benefits for human health for which its application in industries is increasing. Over the years, the healthcare industry has been shifting from a focus on curative healthcare to preventive healthcare. This trend has had a significant impact on the demand for functional foods & beverages, dietary supplements, and nutraceuticals which is driving the growth of the global omega-3 PUFA market. Moreover, omega-3 PUFA finds application in various products in the personal care industry owing to their skin-benefiting properties. However, these products are expensive due to the high raw material costs and complex extraction process which acts as a restraint for market growth.

Segmentation

The dietary supplements segment is expected to expand at a substantial CAGR and reach USD 2,846.4 million by the end of 2025. Omega-3 PUFA are extensively used in dietary supplements. Consumption of these supplements is projected to rise in the next few years which will boost the application of omega-3 PUFA in dietary supplements. However, the increasing demand for nutrition-rich infant formula is projected to boost the sales of omega-3 PUFA in infant formula and the segment is expected to be the fastest-growing during the forecast period.

Regional Analysis

North America is expected to constitute the largest share of the global omega-3 PUFA market during the forecast period. The region accounted for a 31.11% share of the global market in 2018. The US is a major contributor to the growth of the North American omega-3 PUFA market. Growing health consciousness among consumers and increasing awareness regarding the benefits of omega-3 are key factors driving the growth of the market. However, the market in Asia-Pacific is projected to exhibit the highest CAGR during the forecast period. The demand for omega-3 in infant formula in the region has grown in the last few years and is expected to continue during the forecast period. Europe accounted for a significant share of the market in 2018. Consumers in the region are health conscious and prefer high nutritional products which boost the consumption of omega-3 PUFA in this region.

Key Players

The prominent players operating in the Global Omega-3 PUFA Market include Cargill, Incorporated (US), BASF SE (Germany), Pharma Marine AS (Norway), Croda International Plc (UK), Polaris (France), Pelagia AS (Norway), Omega Protein Corporation (US), Arista Industries (US), Koninklijke DSM N.V. (Netherlands), and Arjuna Natural Pvt Ltd (India).

The players operating in the global omega-3 PUFA market are focusing on strengthening their footprints by entering untapped markets.

Market Segmentation

Global Omega-3 PUFA Market, by Type

Docosahexaenoic Acid (DHA)
Eicosapentaenoic Acid (EPA)
Alpha-Linolenic Acid (ALA)
Global Omega-3 PUFA Market, by Source

Plant SourcesFlaxseed
Marine SourcesFish
Chia Seed
Others
Algae
Krill
Others
Global Omega-3 PUFA Market, by Application

Functional Food & Beverages
Dietary Supplements
Infant Formula
Pharmaceuticals & Nutraceuticals
Others
Global Omega-3 PUFA Market, by Region

North America
US
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia & New Zealand
Rest of Asia-Pacific
Rest of the World (RoW)
South America
Middle East
Africa
Available Additional Customizations

Company Profiles of Regional Key Players
Country-Level Analysis
Intended Audience

Omega-3 PUFA manufacturers
Food & beverages manufacturers
Infant formula manufacturers
Personal care industry
Traders, wholesalers, and distributors
Governments, associations, and industrial bodies
Investors and trade experts
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Contact Email [email protected]
Issued By MRFR
Phone 987654321
Business Address mrfr
Country India
Categories Business
Last Updated July 20, 2020