Omega 3 Ingredients Market by Product Type, Distribution Channel, End User 2023-2028

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Global Omega 3 Ingredients Market Research Report:

The latest report by IMARC, titled “ Omega3IngredientsMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast 2023-2028

” the global omega 3ingredientsmarket size reached US$2.6 Billion in 2022.

Omega-3 ingredients are naturally occurring polyunsaturated fatty acids (PUFAs), such as docosahexaenoic acid (DHA), alpha-linolenic acid (ALA), and eicosapentaenoic acid (EPA). They are commonly found in the oils of cold-water fishes, including salmon, algal, krill, and tuna. Besides this, these components can also be obtained from plant-based sources such as brussel sprouts, hemp seeds, flaxseeds,soybean, and canolaoils.

Omega-3 ingredients offer numerous health benefits, including reducing harmful cholesterol levels and LDL (low-density lipoproteins) in the bloodstream, providing optimal energy, managing conditions like lupus, eczema, and rheumatoid arthritis, and supporting cell wall construction. As a result, they are broadly used in supplements, clinical nutrition, infant formulas, pet food, animal feed, and functional foods and beverages.

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Global Omega 3 Ingredients Market Trends:

The rising consumer awareness and consciousness regarding health and wellness and the escalating prevalence of obesity and heart-related ailments across the globe are propelling the uptake of dietary supplements containing omega-3 ingredients. Besides this, the increasing product adoption to alleviate symptoms of metabolic syndrome and promote the proper functioning of the heart, lungs, blood vessels, immune system, and endocrine systems is creating a positive outlook for the market. In addition to this, the expanding product utilization in various cosmetic, sun care, hair care, personal care, and colored products due to their ability to provide balanced hydration, reduce breakouts, minimize signs of aging, and soothe irritated skin is acting as another significant growth-inducing factor. Moreover, the growing inclination towards high-quality supplement products, driven by inflating disposable incomes, busy schedules, and demanding lifestyles of consumers, is aiding in market expansion.

Concurrent with this, the increasing use of omega-3 ingredients in animal feed or pet food and the implementation of government regulations supporting the nutritional claims of omega-3 in food products are strengthening the market growth. Furthermore, ongoing innovations and the incorporation of advanced technologies to eliminate environmental pollutants, prevent oxidation, and enhance resistance to high temperatures in the production of omega-3 ingredients, are contributing to the market growth. Looking forward, the market value is projected to reach US$ 4.8 Billion by 2028, expanding at a CAGR of 10.3% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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MarketSummary: BreakupbyType:

• Alpha-linolenic Acid (ALA)

• Docosahexaenoic Acid (DHA)

• Eicosapentaenoic Acid (EPA)

BreakupbySource:

• Marine Source

• Plant Source

BreakupbyApplication:

• SupplementsandFunctional Foods

• Pharmaceuticals

• Infant Formula

• Animal Feed

BreakupbyRegion:

• North America

• United States

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• Canada

• Asia-Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

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CompetitiveLandscapewithKeyPlayers:

• AkerBioMarine ASA

• Archer-Daniels-MidlandCompany

• BASF SE

• Cargill Incorporated

• CellanaInc.

• Clover Corporation Limited

• Corbion N.V.

• Croda International Plc

• Koninklijke DSM N.V.

• Omega Protein Corporation (Cooke Inc.)

• Pelagia AS

• Pharma Marine AS

• Polaris

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