Omega 3 Market – What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry
The latest market report published by Credence Research, Inc. “Omega 3 Market, By Type (ALA (alpha-linolenic acid), DHA (docosahexaenoic acid) & EPA (eicosapentaenoic acid)), Source (Marine, Nuts and Seeds, Vegetable oils and Soya and Soya Products), Application (Dietary supplement, Pharmaceutical, Infant formula, Food & Beverages, Pet Foods and Fish Feed) and Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global Omega 3 market is expected to grow at a CAGR of 14% over the forecast period of 2017 to 2025
The report covers outlook and research for the Omega 3 market on a worldwide and regional level. The research gives noteworthy data of 2015-2017 alongside an outlook from 2018 to 2026 in view of revenue (USD Billion). The examination includes drivers and limitations for the Omega 3 market beside the effect they have on the request over the figure time frame. Furthermore, the report combines the study of possibilities available in the Omega 3 market on a worldwide level.
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Shift in trend towards adoption of healthy lifestyle is the major factor driving the market growth. Omega 3 helps to reduce heart diseases, cholesterol level and blood pressure level. Furthermore, increased consumer willingness to spend is projected to provide a positive outlook for the overall omega 3 market. Favorable regulations by EFSA and FDA towards health claims for consumption of fortified foods is likely to fuel the utilization of omega 3 based products.
However, owing to increasing environmental pollutants which is affecting the marine life is the major factor hampering the market growth, moreover, high costs are associated with the purification process associated with it. To overcome this issues companies are switching towards different sources such as plant and krill based. Increasing proliferation of the products on various distribution channels is likely to enhance the customer base for the market. Moreover, extensive R&D by the manufacturers is leading to the development of various omega 3 fortified products.
To enhance their market presence and reduce competition companies are adopting expansion and R&D strategies. To expand their market presence companies are continuously trying to develop application specific products. Some of the key players present in this market are FMC Corporation, Royal DSM, Cargill, Incorporated, Croda International Plc, and OLVEA Fish Oils among others.
This report offers extensive research on the worldwide Omega 3 showcase alongside, market trends, market size, drivers, and restraints of the Omega 3 market. This report includes an itemized focused scenario and item pattern of key merchants. To understand the competitive scene in the market, a research of Porter’s five forces model for the market has additionally been incorporated. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
Key aspects of the study include:
Omega 3 Market Snapshot
Classification of Omega 3 Market
Market Overview: Market drivers, restraints and key trends analysis
Competitive analysis of the key players operating in the market
Market size split on the basis of geographies and sub-geographies
Cross-sectional market size for all segments per sub-geography
Historical market size for year 2016 with 2017 as the base year
Forecast period: 2018 to 2026
Key questions answered in the Report
What is the Current Market Size and Forecast for Omega 3 Market?
Who are major players in the industry and what are their strategies and developments in the recent years?
What are the key segments expected to emerge as the most attractive during the forecast period?
Which is the most lucrative geographic region for Omega 3 market?
At Credence Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most detailed analysis of the industry. The research process begins with extensive data mining, using authoritative sources such as trade magazines, technical publications, independent studies along with paid avenues.
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