The Global Omega-3 Market was valued at $2.97 Billion in 2020. Growing at a high CAGR of more than 11.1% between 2021 and 2031, it is estimated to reach $9.7 Billion by 2031. The current pandemic of COVID-19 might make a slight difference in the growth rate. During the time of COVID-19, this market has not been that much affected rather the growth has been almost double. Changing consumer lifestyle along with growing concerns regarding health issues, especially coronary heart diseases as well as developmental disorders, are expected to further fuel the product demand. Hence, it will be estimated to make a lot of growth for the market over the forecast period of 2021-2031.
Global Omega-3 Market Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Global Omega-3 Market has been segmented based on type and application. Supplements, as well as functional foods, emerged as the largest purpose in North America when it comes to demand. This can be connected to the fact that omega 3 is highly competent in the treatment of a variety of health conditions, including bone loss, depression, menstrual health, and mental health, which has led to its expanded utilization in the aforementioned application segment.
North America Is Holding The Market Share By Region
The Global Omega-3 Market has been geographically segmented into Europe, Asia Pacific, Latin America, and the Middle East region. However, the largest share of the market is held in North America and Europe. Changing consumer lifestyle along with growing concerns regarding health issues, especially coronary heart diseases as well as developmental disorders, are expected to further fuel the product demand. The Asia-Pacific region is estimated to have a slow but promising growth over the projection period. Latin America and the Middle East are estimated to witness steady growth during the period owing to the rise of this market. Hence, these will fuel growth during 2021-2031.
Major Players In Global Omega-3 Market
Key players profiled in the report include Cargill, BASF, DSM, Orkla Health, Croda International, Lonza, KD Pharma, Corbion, and GC Rieber, and others.
Global Omega-3 Market Has Been Segmented Into:
Global Omega-3 Market, By Type
Global Omega-3 Market, By Application
Global Omega-3 Market: By Region