- Rising demand for nutritional supplements & functional foods that provide negligible potential side effects and help reduce the chances of many chronic diseases & eyesight problems are propelling market growth.
- Market Size – USD 2.56 billion in 2019, Market Growth - CAGR of 7.2%, Market Trends – Growing usage of marine sources of Omega-3 in animal feed & food nutrients production
NEW YORK, Aug. 10, 2020 /PRNewswire/ -- The Global Omega-3 Market is projected to reach USD 4.50 billion by 2027. The Omega-3 market is fueled by the rising awareness for food nutrition and dietary improvements. Moreover, various factors such as developing economies and subsequently increasing incomes of consumers, adoption of e-commerce and m-commerce platforms, and demand for the overall organic supplements & functional foods are expected to create enforcements in the market.
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While dietary improvement is a desirable goal for many common individuals ranging in various age bands, changing dietary patterns seems extremely hard for most of them also. Thus, it is becoming a common practice that many people are consuming additional dietary supplements to augment the daily intake of nutrients so that they may lead a healthier lifestyle. Additionally, rising numbers of patients with heart diseases, inflammatory bowel diseases, and eyesight problems, among others, are the reasons the demands for the omega 3 are being raised.
COVID-19 Impact Analysis:
The COVID-19 pandemic has created endless disruptions to the manufacturing or production industries due to a shortage of resources in different parts of the world. The leading players in the industry are skeptical about the market's future and try to redesign their strategies to support the challenge. The pandemic had a serious impact on the distribution chains as a result of regular lockdowns. The manufacturing industries have been disrupted due to reduced available human resources. The companies are incorporating different techniques to increase the production volume and trying to develop innovative solutions at an affordable price, which can meet customer requirements at a much lower cost.
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Further key findings from the report suggest
For the purpose of this report, Reports and Data has segmented the global market on the basis of type, source, end-use verticals, and region:
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Source Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
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