Omega 3 And 6 Market size is estimated to reach $9.07bn by 2025 and is poised to grow at a CAGR of 18.12% during the forecast period 2020-2025. Omega 3 and 6 are important nutrients in regular diets owing to their long way in strengthening the immune system, ensuring brain development, and regulating blood pressure. These substances are known as essential fatty acids. Marine oils are the richest source of omega-3, while omega-6 is found in dairy products and vegetable oils. Since a large number of consumers are working towards eating healthy and changing lifestyles for the better, it is poised to provoke huge demand for omega 3 and omega 6 market. The demand for omega-3 and omega-6 oils is estimated to increase in the forecast period 2020-2025 owing to the increased awareness of their health benefits.
By Source – Segment Analysis
Based on Source, the marine oils for Omega 3, and vegetarian sources segment for Omega 6 registers for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years (2020-2025). The major marine source for omega 3 acids is fish oil and hence marine oil is driving the market. The vegetarian sources are estimated to grow owing to increasing awareness about their medical benefits and growing demand to adopt a healthy lifestyle.
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By Application – Segment Analysis
The global Omega 3 and 6 market based on Mode of Operation, can be further segmented into Dietary Supplements, Functional Foods and beverages, Pharmaceuticals, Animal Feed and others. The Dietary Supplements segment registers for highest revenue in 2019 and projected to grow at the highest CAGR during the forecast period 2020-2025 owing to improving awareness about the benefits of consuming these among consumers and their wide availability.
By Geography – Segment Analysis
The global Omega 3 and 6 market based on Geography, can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. Asia Pacific registers for the highest revenue in 2019 and is set to grow at highest CAGR over the forecast period (2020-2025) owing to its increasing demand from consumers on account of changing lifestyles. The advancements in food technology and the high demand for fortified food products are the factors driving the market growth in the region.
Drivers – Omega 3 And 6 Market
Rise in Demand
The global Omega 3 and 6 market is growing with a continuous increase in demand owing to the growing awareness about their health benefits. Many consumers are working towards eating healthy and changing lifestyles for the better, which enhances the market growth. Increasing consumer awareness about the health benefits of omega 3 and 6 has significantly contributed to the growth of the omega 3 and 6 market.
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Challenges – Omega 3 And 6 Market
Lack of clarity on intake of Omega 3 and 6
The omega 3 and 6 market in the form of fortified nutritional supplements and food & beverages is facing significant limitations in the absence of recommended official doses. Despite extensive scientific research by governments and NGOs, a specific standard dose of omega-3 for daily consumption is not clear. This is acting as a challenge for the growth of the market.
Omega 3 And 6 Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Omega 3 and 6 Market. Key companies of this market Zymes LLC, Denomega Nutritional Oils, Barleans Organic Oils, Vega Nutritionals Ltd., Arista Industries, Croda International PLC, Copeinca ASA, Martek Biosciences Corporation, Omega Protein Corp, Horizon Organic, Golden Omega, Pharma Marine USA LLC, and others.
In July 2020, Croda International Plc announced that it has agreed to acquire Avanti Polar Lipids, a knowledge-intensive leader in lipid based drug delivery technologies for next generation pharmaceuticals.
In March 2019, Golden Omega completed its acquisition with Omega Tri. This acquisition strengthens Golden Omega’s delivery solutions portfolio by the integration of both businesses.
Geographically, the North America area is poised to see extraordinary development owing to its increasing demand from consumers on account of changing lifestyles and is set to continue during the forecast period (2020-2025).
The global demand for Omega 3 and 6 is increasing significantly owing to the growing consumption of meat.
The lack of clarity among the consumers about the recommended intake of omega 3 and 6 is acting as a challenge in the market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Omega 3 and 6 Market report.
Related Reports :
A. Omega 3 Supplement Market
B. Pediatric Supplements Market
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