Omega 3 Market Competitive Research And Precise Outlook 2023 To 2030

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Omega 3 Market
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Market Overview
By 2022, the global omega 3 market is expected to
be worth 2.43 billion, and by 2030, it is
expected to be worth 4.39 billion, representing
a CAGR of 7.7 percent between 2022 and 2030.
Plants and nut oils are good sources of omega-3
fatty acids, as are fish including tuna, salmon,
and halibut, and other seafood and algae. Omega-3
fatty acids are sometimes referred to as
"essential fatty acids" because of how crucial
they are to human health. Human development and
brain function depend on these fatty acids.
Eating meals rich in omega-3 fatty acids reduces
the risk of cancer, heart disease, and
arthritis.The rising global death toll from
cardiovascular disease has been a boon for the
omega 3 sector in recent years. The prevalence of
cardiovascular disease is growing in both western
sub-Saharan Africa and South Asia. You may get
your fill of omega-3 fatty acids via dietary
supplements and foods like fish, nuts, and seeds.
Worldwide, more people are looking for omega-3
fatty acids. have long been the subject of praise
for the positive effects on health, notably
cardiovascular health. Heart disease, arthritis,
stroke, and cancer are all chronic conditions
that are expected to worsen.

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By Region
In 2022, the marine industry accounted for 83.3
of total income. For example, oily or fatty fish,
marine microorganisms like algae, and marine
crustaceans like krill are all excellent sources
of DHA and EPA omega-3s. People can get their
omega-3s through eating fish including salmon,
pollock, tuna, and mackerel.Consumable little
fish are a great resource for EPA and DHA. This
class of fish includes the anchovy, the herring,
the sardine, the mackerel, the hoki, and the
capelin. The fact that marine foods in general
are rich in EPA and DHA is, thus, common
knowledge around the globe. This has increased
the need for omega-3s derived from seafood.It is
anticipated that the plant source market will
expand during the projection period. Soybean,
safflower, sunflower, cotton, and corn seed oils
are in great demand because of their high omega-3
content and their place in the global food chain.
For environmental reasons, major players are
shifting away from fish oil in favor of vegetable
oils. For instance, in October 2018, Cargill Inc.
released "Latitude," a plant-based, Omega 3-rich
supplement for fish feed.
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The Global Omega 3 Market has been segmented into

• By Type
• Docosahexaenoic acid (DHA)
• Eicosapentaenoic acid (EPA)
• Alpha-linolenic acid (ALA)

By Dietary Supplements Grocery
Retailers Pharmacies and Drug Stores Internet
Retailing Others
By Application

• Supplements Functional Foods
• Pharmaceuticals
• Infant Formula
• Animal Feed Pet Food
• Others

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The Global Omega 3Market has been segmented into

• By Region
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• By Region
• North America
• US
• Canada
• Mexico
• Rest of North America
• The Middle East Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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Strategic Development

• To capitalize on the expanding vegan market,
  Nestle said in October 2021 that it will offer
  vegan alternatives to its eggs and shrimp. Garden
  Gourmet vEGGie is the brand name for an egg
  substitute in Europe. Omega-3 fatty acids and soy
  protein are used in its production. It might be
  used in a frittata, baked into a cake, or
  incorporated into a cookie recipe.
• In 2020, Nestle will release a dark
  chocolate-flavored ready-to-drink version of
  their popular plain milk drink, Nestle Omega
  Plus. ActiCol, a plant sterol, has been
  demonstrated to prevent cholesterol from entering
  the bloodstream, hence reducing cholesterol
  levels.
• In May 2021, Unilever acquired Onnit, a
  supplement manufacturer situated in Austin,
  Texas. Onnit's products support cognitive
  function, emotional health, and bodily fitness.
  The company's lineup of cutting-edge health and
  nutrition brands is strengthened by the inclusion
  of Onnit.
• The sale of SmartyPants Inc. to Unilever was
  finalized in December 2020 by Morgan Stanley
  Expansion Capital. SmartyPants is a company that
  produces superior multivitamins. Unilever has a
  number of well-known brands, including Horlicks,
  OLLY, Equilibra, and Liquid IV. SmartyPants
  Vitamins is a new company in the supplement and
  functional nutrition industry.
•  

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Market Players

• Aker Biomarine Antarctic AS
• Orkla Health
• BASF SE
• Omega Protein Corp.
• GC Reiber Oils
• Lonza
• Croda International Plc
• EPAX
• BioProcess Algae, LLC
• Koninklijke DSM N.V.

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