Lucintel’s latest market report analyzed that omega fatty acid provides attractive opportunities in the dietary supplement, infant formula, pharmaceutical, food and beverages, animal food and feed, and cosmetics. The omega fatty acid market is expected to grow at a CAGR of 5%-6%. In this market, omega-3 fatty acid is the largest segment by product type. The innovative production technologies, and major players focusing on the research and development process in order to come up with some advancement provides strategic growth path in this market.
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Based on product type, the omega fatty acid market is segmented into omega-3 fatty acid, omega-6 fatty acid, omega-7 fatty acid, and omega-9 fatty acid. The omega-3 fatty acid segment is accounted for the largest share of the market in 2020 due to rising awareness of EPA and DHA ingredients for dietary supplements, and growing demand in preventive medicine for chronic diseases and as a nutritional requirement for brain development in children.
Browse in-depth TOC on “Omega Fatty Acid Market”
132 – Tables
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200 – Pages
The omega fatty acid market is marked by the presence of several big and small players. Some of the prominent players offering omega fatty acid include BASF SE, FMC Corporation, The Dow Chemical Company, Koninklijke DSM NV, Enzymotec Ltd, Croda International Plc, Omega Protein Corporation, Aker BioMarine AS, Polaris, Nutritional Lipids, and Cargill Incorporated.
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