The companies, as a strategic step are opening new manufacturing facilities, especially algae-based Omega 3 fatty acids extracting techniques to meet the growing demand and overcome the overfishing problem.
— Omega-3 fatty acids are substances which are present in food items which are high in protein content such as flax seeds and fish. These Omega 3 Fatty Acids are considered being a crucial source of energy for human body. The global Omega 3 Fatty Acids Market has been experiencing a major boost in the overall performance. The demand for these Omega-3 fatty acids products in recent years has escalated enormously over the recent years. This rise in demand is anticipated to influence the growth of the Global Omega 3 Fatty Acids industry. The rising investments being made in the industry in order to extract omega-3 fatty acids is expected to provide numerous lucrative opportunities for growth in the global market.
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With rising urbanization across the globe has given rise to increase in disposable income. Along with that, the health consciousness and awareness regarding healthy eating and benefits of omega-3 among people has increased substantially over the years which in turn is providing boost to the growth of the Omega 3 Fatty Acids Market. Rising preference towards high quality supplement product attributed by hectic and stressful lifestyle has been adding fuel to the market growth. The continuously increasing demand for omega-3 is giving a rise to the alternatives such as vegetable oils, algal oil and krill oil in order to fulfill this demand might impede the growth if the market in future years.
Low concentrate omega 3 constituents are widely used in several personal care products or cosmetics such as color cosmetics, makeup, haircare and sun care. The rising consumption of these personal care products across the globe is anticipated to propel the growth of Omega 3 Fatty Acids Market. Furthermore, the rising number of animal diseases and risk associated with animal- based product has caused a rise in demand for vegan or plant-based products over the recent years. This is another crucial aspect boosting the demand for Omega 3 Fatty Acids products across the globe.
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The global Omega 3 fatty acids market will be doing fine simply due to the rapid economic development across the world. Also, rise in demand for supplements and functional foods will boost the growth of Omega 3 fatty acids market in the forecast period. Emerging economies such as India, China, and other Asian countries are spending on pharmaceutical sector, thus, attracting the major market players to invest in these regions. However, the limited supply of fish that provides Omega 3 fatty acids fatty acids and increased levels of contamination in fishes can act as a barrier to the growth of Omega 3 fatty acids market.
Asia-Pacific region is expected to witness the highest growth rate of 9.1% from 2018 to 2025. Increasing awareness for benefits of Omega 3 fatty acids for its nutritional value among the developing countries such as China, is the key factor that will drive the Omega 3 fatty acids market growth. Also, growing efforts of manufacturers to establish themselves and expand their business across emerging economies will benefit the global Omega 3 fatty acids market in the forecast period.
The global Omega 3 fatty acids market comprises of both players operating at the global and at the national level. Some of the major key players include DSM, BASF, Croda, Pronova, Omega Protein, GC Rieber Oils, Axellus, Aker BioMarine, BioProcess Algae and others. These companies have established their presence in the market owing to continuous R&D activities and their various strategic initiatives.
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Some Major Points From TOC:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Market Outlook
Chapter 4 Global Omega 3 fatty acids Market Overview, By Application
Chapter 5 Global Omega 3 fatty acids Market Overview, By Region
Chapter 6 Company Profiles
6.2 Omega Protein
6.7 BASF SE
6.9 Aker BioMarine
6.10 BioProcess Algae
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