Market Research Future (MRFR) analyzed the Global Omega-3 PUFA Market 2020 across the review period till 2025. The omega 3 PUFA market can rise at 11.01% CAGR in the study period. By 2025, the omega 3 PUFA market can touch USD 8,418.0 Mn revenue. The rise in consumer awareness about multiple health benefits of omega-3 PUFA enriched food can significantly contribute to their upscaling demand, thus can benefit the market. The growing popularity of food with high omega 3 PUFA content as pet nutrition due to its ability to boost immunity, especially in pandemic, can add to the market expansion. The rise in omega 3 PUFA sales as nutrient supplements and surge in their demand as an agent to promote infant brain development can bolster the market growth in the near future.
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Cargill, Incorporated (US), Pharma Marine AS (Norway), BASF SE (Germany), CRODA International Plc (UK), Polaris (France), Omega Protein Corporation (US), PELAGIA AS (Norway), KONINKLIJKE DSM N.V. (Netherlands), Arista Industries (US), and Arjuna Natural Pvt Ltd (India) are some active players in the Global Omega-3 PUFA Market that are analyzed by MRFR to gain insights into the expansion dynamics.
The segment assessment for the global omega-3 PUFA industry is based on application, type, and source.
The type-based segments of the omega 3 PUFA market are eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and alpha-linolenic acid (ALA). The docosahexaenoic acid (DHA) segment can secure the largest market share by 2025. The rise in awareness about the importance of DHA for fetal brain development, visual acuity in infants, optimal development of motor skills, and lipid metabolism in children, along with cognitive support benefits of DHA in adults are boosting sales of omega rich food. In addition, their industries applications are contributing to the rising traction. These can benefit the market in the approaching years. The alpha-linolenic acid (ALA) segment can thrive at the highest CAGR in the review period owing to rise in adoption of plant-based sources for omega-3 PUFA.
The source-based segments of the global Omega-3 PUFA Market are marine sources and plant sources. The plant sources segment consists of flaxseed, and chia seed among others. The marine sources segment comprises krill, fish, and algae among others. The marine sources segment can secure the largest market share by 2025 due to growing demand for omega-3 PUFA derived from fish. The plant sources segments can rise at high pace with decent CAGR in the review period. The rise in demand for plant sources omega food as an alternative to fish based omega-3 PUFA can contribute to the market rise.
The application-based segments of the omega 3 PUFA market are dietary supplements, functional food & beverages, infant formula, and pharmaceuticals & nutraceuticals among others. The dietary supplements segment can acquire the largest market share by 2025. The upsurge of the global omega-3 PUFA market can be credited to the easy approval of new omega-3 PUFA products that are mostly used as dietary supplement. The infant formula segment can register considerable CAGR across the review tenure. The increase in in consumption of infant formula is observed to hold lucrative opportunities for several manufacturers to expand their products portfolio with omega-3 PUFA.
North America can lead the global omega 3 PUFA market from 2020 to 2024. The rise of Asia Pacific market can be at 11.47% CAGR in the assessment period. The Middle East market can expand at a substantial rate during, while the market in GCC countries can hold majority of the market share.
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