Global Omega 3 PUFA Market for by type (Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA) and Alpha linoleic acid (ALA)) –by Source (Marine sources and Plant source) –by Application (Dietary supplement, Functional foods & beverages, Pharmaceuticals, Infant formula and others) -by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ XX Bn by 2027, at a CAGR of XX %.
Increasing prevalence of chronic diseases, nutrition is an extensively acknowledged tool for their prevention. Omega 3 fatty acids are vital for normal growth and development and may play a significant role in the prevention and treatment of numerous chronic diseases like coronary artery diseases, hypertension, diabetes, arthritis, other inflammatory and autoimmune disorders, and cancer.
Plant sourced segment is expected to witness rapid growth during the forecast period.
The rapid growth of this market is credited to the growing preference of vegetarian population to consume products, which contain ingredients or components derived from plant sources.
Infant formula application segment to dominate the growth in Global Omega 3 PUFA Market.
Growing birth rates and purchasing power of parents across globe is increasing demand for the Infant formula. These formula is commonly based on processed, skimmed cow’s milk. The European Food Safety Authority (EFSA) has inveterate that the Omega 3 fats i.e. DHA and ALA, are beneficial for eye and cognitive development in babies. The U.S. FDA permitted the use of DHA in infant formula, and today supreme popular formulas are DHA-fortified. Formula complemented with DHA provides solution for premature babies and young infants.
Asia-Pacific is expected to share significant growth in the Global Omega 3 PUFA Market.
The growth in the region is attributed to growing urbanization and demand for healthy & nutritional products, plus the health & wellness trend and increasing disposable income. Additionally, rapid population and industrialization, availability of raw materials, and increasing investments from major players in the region are expected to dominate the growth in the Omega 3 PUFA Market in this region. China provides profitable growth opportunities for the Omega 3 PUFA market players. Huge population base, growing patient pool with chronic diseases, government initiatives to indorse awareness about the importance of healthy food habits, and growing annual birth rates fuels the growth of market in China.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Cargill Incorporated, FMC Corporation, Croda International PLC, Royal DSM, Omega Protein Corporation, Arista Industries Inc., Denemoga, Polaris, and Pharma Marine LLC. , GOED Omega 3 , Polaris, Pharma Marine AS, Croda International PLC and GC Rieber Oils.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
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