Market Overview:
The global omega-3 fatty acids market size is expected to reach USD 2.24 billion by 2028, exhibiting a CAGR of 4.80% during the forecast period. The increasing awareness about the health benefits of polyunsaturated fatty acids (PUFA) can have tremendous impact on the omega-3 fatty acids market growth during the forecast period, states Fortune Business Insights in a report titled “Omega-3 Fatty Acids Market, 2021 – 2028.” The market size stood at USD 1.54 billion in 2020 and USD 1.62 billion in 2021.
List of Key Companies in the Market:
Segmentation:
Based on source, the market is classified into concentrates, fish oil, algae oil, krill oil, and other plant sources. Based on application, the market is divided into dietary supplements, functional/fortified foods, infant formulae, pharmaceuticals, and animal feed & pet food. The growing popularity of dietary supplements will boost the segment growth. Geographically, the market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Report Coverage:
The report presents In-depth information about the challenges, opportunities, and market trends. It has elaborate details regarding the growth drivers and obstacles that the market may come across during the forthcoming years. It offers a list of the crucial factors impacting the market in every region. It has an extensive analysis of the latest trends of the market.
Source: https://www.fortunebusinessinsights.com/industry-reports/omega-3-fatty-acids-market-100248
Drivers & Restraints:
Heavy Investments in R&D to Boost Omega-3 Fatty Acids Market