The global EPA/DHA (Omega 3) market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor driving the growth of the market is the rising consumer preference towards high-quality supplement products due to stressful and hectic lifestyles across the globe. Additionally, Omega 3 dietary supplements are combined with regular exercise to support improve metabolic and CVD health. Furthermore, they also support to reduce the risk of heart diseases.
Additionally, the market is also growing due to the increasing application of Omega 3 across several industries such as pharmaceutical, food & beverages, among others. However, the growth of the market is hampered due to fluctuating costs & slow approval processes.
Some major players operating in the market include BASF SE, Koninklijke DSM N.V., Croda International plc, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2019, Polaris announced the launch of ultra-purified algal Omega-3 oil. It has a DHA content of 700mg/g.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Source
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- BASF SE, Koninklijke DSM N.V., and Croda International plc, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global EPA/DHA (Omega 3) Market Report by Segment
By Source
By Application
Global EPA/DHA (Omega 3) Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa