Market Overview:
The global omega-3 fatty acids market size was USD 1.54 billion in 2020. The global market is projected to grow from USD 1.62 billion in 2021 to USD 2.24 billion in 2028 at a CAGR of 4.80% during 2021-2028. North America dominated the omega-3 fatty acids market with a market share of 40.26% in 2020.
Omega-3 Fatty Acids Market Share, Size, & COVID-19 Impact Analysis, By Source (Concentrates, Fish Oil, Algae Oil, Krill Oil, and Other Plant Sources), Application (Dietary Supplements, Functional/Fortified Foods, Infant Formulae, Pharmaceuticals, and Animal Feed & Pet Food)
The sustained omega-3 fatty acids market growth is driven by expanding applications across multiple sectors including dietary supplements, functional foods, and pharmaceuticals. This omega-3 fatty acids market growth trend is expected to continue as consumers increasingly prioritize health and wellness products containing these essential nutrients.
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