Global Marine-Derived Omega 3 Market, By Type (Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA), Alpha-Linolenic Acid (ALA)), Distribution Channel (Pharmacies and Drug Stores, Internet Retailing, Grocery Retailers, Other Distribution Channels), Source (Algal Oil, Fish Oil and Krill Oil), Application (Sports Nutrition, Pharmaceuticals, Pet Food and Feed, Infant Formula, Functional Foods and Beverages, Fish Feed, Dietary Supplements), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Marine-Derived Omega 3 Market
The demand for marine-derived omega 3 is projected to rise at a rate of 15.0% in the 2021 to 2028 forecast period. The growing consumer understanding of the health benefits of omega 3, which is likely to serve as a driver for the marine-derived omega 3 market in the 2021-2028 forecast period.
Marine Omega-3, also referred to as n-3 fatty acids, are polyunsaturated fatty acids (PUFAs) at the end of the carbon chain with a double bond (C = C) at the third carbon atom. Linolenic acid (ALA) (found in plant oils), eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) (both usually found in marine oils) are three forms of Marine Omega 3 involved in human physiology. They are considered essential fatty acids and are required for human health, but they can be created by the body. They play a role in brain health as well as normal growth and development.
The growing focus on the preventive healthcare, increasing demand of the food fortification, increasing number of food processing applications, adoption of innovative product technologies are some of the major as well as vital factors which will likely to augment the growth of the marine-derived omega 3 market in the projected timeframe of 2021-2028. On the other hand, increasing number of research and development activities to obtain alternate source of omega 3, favourable regulatory environment along with rising awareness about certified food ingredients which will further contribute by generating immense opportunities that will led to the growth of the marine-derived omega 3 market in the above mentioned projected timeframe.
Lack of clarity among consumers about daily recommended intake along with lower fish oil supply due to sustainability issues among fisheries which will likely to act as market restraints factor for the growth of the marine-derived omega 3 in the above mentioned projected timeframe. Volatility in the prices of fish oil along with high cost of research and development activities which will become the biggest and foremost challenge for the growth of the market.
This marine-derived omega 3 market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on marine-derived omega 3 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Marine-Derived Omega 3 Market Scope and Market Size
Marine-derived omega 3 market is segmented on the basis of source, type, distribution channel, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the marine-derived omega 3 market is segmented into algal oil, fish oil and krill oil.
- Based on type, the marine-derived omega 3 market is segmented into eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and alpha-linolenic acid (ALA).
- Based on the distribution channel, the marine-derived omega 3 market is segmented into pharmacies and drug stores, internet retailing, grocery retailers, and other distribution channels.
- The marine-derived omega 3 market is also segmented on the basis of application. The application is segmented into sports nutrition, pharmaceuticals, pet food and feed, infant formula, functional foods and beverages, fish feed, and dietary supplements.
Marine-Derived Omega 3 Market Country Level Analysis
Marine-derived omega 3 market is analyses and market size, volume information is provided by country by source, type, distribution channel, and application as referenced above.
The countries covered in the marine-derived omega 3 market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Europe dominates the marine-derived omega 3 market due to the increasing consumption of the product along with rising applications of the product in various industries while Asia-Pacific will expect to grow in the forecast period 2021 to 2028 due to the prevalence of various market players in the region.
The country section of the marine-derived omega 3 market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Marine-Derived Omega 3 Market Share Analysis
Marine-derived omega 3 market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to marine-derived omega 3 market.
The major players covered in the marine-derived omega 3 report are Cargill, Incorporated.; BASF SE; DSM; Croda International Plc; Epax; Lonza.; Orkla Health AS; Corbion; KD-PHARMA BEXBACH GMBH; GC Rieber; Nordic Naturals; GOLDEN OMEGA; Biosearch life; Pharma Marine AS; POLARIS; Sinomega Biotech Engineering Co., Ltd; Deyang HUATAI Biopharm Resource Co.,Ltd; KinOmega Biopharm Inc; ALGISYS LLC; Maruha Nichiro Corporation; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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