Omega-3 Market Size Analysis 2020 Insight Growth Analysis Technology Innovation, Opportunity by 2030

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Omega-3 Market Analysis (COVID19 Impact)
Industry Growth, Size Future Scope
The growing incidence of chronic diseases is a
major factor responsible for the surging demand
for various supplements and functional food items
such as omega-3. The high occurrence rate of
chronic diseases is affecting the people of both
low- and middle-income countries (LMICs) and
high-income nations. According to the World
Health Organization (WHO), 9.6 million people
died of cancers in 2018 and out of which around
70 were reported in LMICs. Further, the
increasing prevalence of heart disorders in
several countries, especially developed nations,
is boosting the requirement of heart-healthy
food supplements such as omega-3 fatty acids.
Omega-3 supplements play a major role in
protecting the body against various diseases and
disorders such as asthma, rheumatoid arthritis,
depression, and cardiovascular diseases. Besides
this, it has also been found through various
studies and surveys that omega-3 fatty acids help
in slowing down cognitive decline. Furthermore,
omega-3 acids contain docosahexaenoic acid (DHA)
and are thus, highly essential for pregnant
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women and breastfeeding mothers. Additionally,
the increasing public awareness of healthy foods
is boosting the requirement of omega-3
supplements across the globe. As these fatty
acids are not synthesized in the body, they need
to be obtained through the diet. Request to Get
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m/market- analysis/omega3-market/report-sample He
nce, with the growing consumption of omega-3
supplements, the global omega-3 market will
grow, in value, from 19.7 billion to 49.7
billion from 2019 to 2030, advancing at a CAGR
of 8.8 from 2020 to 2030. Depending on source,
the market is categorized into animals and
plants. Of these, the animals category will hold
a higher market share in the future years. This
is ascribed to the fact that the EPA
(eicosapentaenoic acid) and DHA (docosahexaenoic
acid), found in animal-based omega-3, are
required by the human body in significantly
larger amounts than the ALA (alpha-linolenic
acid) found in plant-based omega-3. In the future
years, the Asia-Pacific (APAC) omega-3 market
will exhibit the highest and the fastest growth
in the world, as per the calculations of PS
Intelligence, a market research company based in
India. This is attributed to the growing
requirement of omega-3 supplements and other
products in the various APAC nations such as
India, Australia, and China. In addition to
this, the ballooning utilization of fish oil in
food items and the mushrooming public awareness
of health and wellness will push up the sales of
omega-3 food items in the region in the
forthcoming years. Hence, it can be said with
confidence that the sales of omega-3 food
products will boom all over the world in the
upcoming years, primarily due to the growing
requirement of omega-3 supplements and capsules,
mainly because of their numerous health
benefits, especially with respect to the heart,
in several countries around the world.