Market Size:
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 the 2021-2028.
The increasing demand for Omega-3 in pharmaceuticals and functional foods sector is creating lucrative growth opportunities for the global Omega-3 Fatty Acids Market, predicts Fortune Business Insights in their new study. The study is titled,” Omega-3 Fatty Acids Market Size, Share and Global Trend By Type (Eicosapentanoic acid (EPA), Docosahexanoic acid (DHA), Alpha-Linolenic Acid (ALA)), Source (Marine Sources, Plant Sources), Application (Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals) and Geography Forecast till 2028.”
Key players leading the Omega-3 Fatty Acids Market include,
Some of the companies operating in the global Omega-3 Fatty Acids Market are
According to this study, the growing health concerns and subsequently changing consumption habits in favor of healthy diet are increasing the demand for specialty nutrient products such as omega-3 fatty acid and others.
Increasing Application in Infant Formulas and Dietary Supplements to Propel Demand
The increasing utilization of omega-3 fatty acids in a variety of food products is among the major factors boosting the global omega-3 fatty acids market. Omega -3 fatty acids finds applications in various products including pharmaceuticals, infant formulas, and other functional food and beverage products besides stand alone omega-3 based dietary supplements.
Source: https://www.fortunebusinessinsights.com/industry-reports/omega-3-fatty-acids-market-100248