The global omega 3 supplements market is expected to reach USD 57.07 billion by 2025, according to a new report by Grand View Research, Inc. Omega 3 supplements market is anticipated to witness a significant growth on account of high application scope coupled with increasing demand from infant formula.
Numerous factors such as
urbanization and government efforts to educate consumers and provide superior
healthcare services are likely to fuel the utilization of omega 3 based
products. In addition, increased consumer willingness to spend is anticipated
to provide a positive outlook to the omega 3 supplements market.
Increasing opportunities
from the sports nutrition market due to rising preference for leading an active
lifestyle coupled with growing awareness regarding omega-3 benefits are likely
to play a significant role in driving the market growth. Companies such as
Coromega offer combo products to serve the sports industry.
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Research:
Further key findings from the report suggest:
Fish oil segment was valued at USD 27.60 billion in 2016
on account of early adoption to treat joint pain and other medical conditions
Anchovy accounted for the largest market share in 2016
and is expected to witness a CAGR of 6.0% owing to abundant & easy
availability of fish and low mercury levels
Salmon oil accounted for a share of 3.3% in 2016 and is
expected to witness a considerable growth over the forecast period owing to
requirement of relatively less time for the production of oil from salmon as
compared to other fish.
Central & South America accounted for a share of 2.5%
of the global omega 3 supplements demand in 2016 due to the growing penetration
of pharmaceutical products and increasing income levels of consumers
Research & development and expansion are the key
strategies that are being adopted by the players to strengthen their position
in the market. Companies are continuously trying to develop
application-specific products in order to expand their market scope.
·
In May 2015, Ascenta Health was acquired by
Nature Way, a U.S.-based brand. In May 2015, Aker BioMarine was granted two
patents by the U.S. Patent Office for the method of manufacturing superba and
other krill oils from denatured krill or krill meal using a polar solvent.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has
segmented the global omega 3 supplements market on the basis of source,
applications, and region:
Omega 3 Supplements Source Outlook (Revenue, USD Million,
2014 - 2025)
·
Fish Oil
o Anchovy
o Sardine
o Salmon
o Tuna
o Cod Liver
o Others
·
Krill Oil
·
Others
Omega 3 Supplements Application Outlook (Revenue, USD
Million, 2014 - 2025)
·
Infant Formula
·
Food & Beverages
·
Nutritional Supplement
·
Pharmaceutical
·
Pet & Animal Feed
·
Clinical Nutrition
Omega 3 Supplements Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
o Spain
o Italy
·
Asia Pacific
o China
o Japan
o India
·
Central & South America
o Brazil
·
Middle East & Africa
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-omega-3-supplements-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
