for Omega 3 supplements is expected to augment the growth of the market. Moreover, the demand for Omega3 supplements is growing rapidly and it is anticipated to enhance the growth of the global omega3 market. Furthermore, the omega 3 based infant formulas are expected to generate more demand during the forecast period, as it contains nutrients that help in the growth and development of infants. The new technological advancements in the better encapsulation of omega 3 ingredients from fish source is expected to be a trend in the food and beverage industry worldwide. The absence of a standard for recommended dietary intake is expected to remain as a major restraint for the global Omega 3 market. The high price is a major restraint for rapid growth of algal oil as an alternative for fish oil in the global Omega3 market. Huge investments in the clinical as well as commercial research & development for Omega3 are yielding more new applications and effective products. It is expected to generate lot of opportunities for major market players to expand and diversify their product range during the forecast period.
Segments Covered: The report segments the global omega3 market by application, source, type and region. The segmentation of the market by application includes dietary supplement, fish feed, food and beverage, infant formula, pet food, pharmaceutical and some others. On the basis of source, the market is segmented as marine, nuts and seeds, soya and soya products, vegetable oils and others. Further, based on type, the market is segmented as alpha linolenic acid( ALA), docosahexaenoic acid( DHA), eicosapentaenoic acid( EPA) and others. Among the types docosahexaenoic acid( DHA) segment command a major share in terms of revenue in the global omega 3 market. Fish oil accounts for major share in terms of source for Omega 3 fatty acids. Algae based omega3 segment attained a significant share in demand in the market due, to the preference from the vegetarians and vegans and it is expected to sustain the growth of the market. Demand for omega 3 based animal and pet food are expected to grow significantly during the forecast period, as pet owners prefer nutritional food over conventional food for their pets.
Geographic Coverage and Analysis: The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. North America is the largest omega3 market with highest consumption, owing to the high demand from pharmaceuticals and supplements segments. Increasing demand for omega-3 from infant formula manufacturers is expected to enhance the growth of the North American Omega3 market. Increase in consumption of Omega 3 supplements in major European countries is driving the growth of European Omega 3 Market. Preference for nutritional foods is expected to enhance the
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