The
global omega 3 supplements market is expected to reach USD 57.07
billion by 2025, according to a new report by Grand View Research, Inc.
Omega 3 supplements market is anticipated to witness a significant
growth on account of high application scope coupled with increasing
demand from infant formula.
Numerous
factors such as urbanization and government efforts to educate
consumers and provide superior healthcare services are likely to fuel
the utilization of omega 3 based products. In addition, increased
consumer willingness to spend is anticipated to provide a positive
outlook to the omega 3 supplements market.
Increasing
opportunities from the sports nutrition market due to rising preference
for leading an active lifestyle coupled with growing awareness
regarding omega-3 benefits are likely to play a significant role in
driving the market growth. Companies such as Coromega offer combo
products to serve the sports industry.
To Request for Sample Copy of this report: http://www.grandviewresearch.com/industry-analysis/omega-3-supplement-market
Further key findings from the report suggest:
- Fish oil segment was valued at USD 27.60 billion in 2016 on account of early adoption to treat joint pain and other medical conditions
- Anchovy accounted for the largest market share in 2016 and is expected to witness a CAGR of 6.0% owing to abundant & easy availability of fish and low mercury levels
- Salmon oil accounted for a share of 3.3% in 2016 and is expected to witness a considerable growth over the forecast period owing to requirement of relatively less time for the production of oil from salmon as compared to other fish.
- Central & South America accounted for a share of 2.5% of the global omega 3 supplements demand in 2016 due to the growing penetration of pharmaceutical products and increasing income levels of consumers
- Research & development and expansion are the key strategies that are being adopted by the players to strengthen their position in the market. Companies are continuously trying to develop application-specific products in order to expand their market scope.
- In May 2015, Ascenta Health was acquired by Nature Way, a U.S.-based brand. In May 2015, Aker BioMarine was granted two patents by the U.S. Patent Office for the method of manufacturing superba and other krill oils from denatured krill or krill meal using a polar solvent.
Read Our Blog: http://www.grandviewresearch.com/blogs/food-and-beverages
Grand View Research has segmented the global omega 3 supplements market on the basis of source, applications, and region:
Omega 3 Supplements Source Outlook (Revenue, USD Million, 2014 - 2025)
- Fish Oil
- Anchovy
- Sardine
- Salmon
- Tuna
- Cod Liver
- Others
- Krill Oil
- Others
Omega 3 Supplements Application Outlook (Revenue, USD Million, 2014 - 2025)
- Infant Formula
- Food & Beverages
- Nutritional Supplement
- Pharmaceutical
- Pet & Animal Feed
- Clinical Nutrition
Omega 3 Supplements Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- US.
- Canada
- Europe
- Germany
- UK
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Central & South America
- Brazil
- Middle East & Africa
Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/gobal-omega-3-supplements-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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