May 4, 2018
Omega 3 supplements market is anticipated to witness a significant growth on account of high application scope coupled with increasing demand from infant formula This research focuses on key player like WHC, Viva, OmegaVia, WHC, Nutrigold, Omax3, The Ocean, InnovixLabs

Houston, United States - May 4, 2018 /MarketersMedia/ —
According to a new report, the global omega-3 supplements market is expected to reach $ 5XX billion by 2025. The Omega 3 supplements market is expected to grow strongly due to its high application range and high demand growth.
Numerous factors such as urbanization and consumer education and government efforts to provide superior health care services will facilitate the use of Omega 3-based products. In addition, the increased willingness to consume is expected to provide a positive outlook for the Omega 3 supplement market.
The preference to lead an active lifestyle is likely to play an important role in driving market growth as the opportunities in the sports nutrition market increase and awareness of Omega-3 benefits grows. Companies such as Coromega offer combo products for the sports industry.
The Major players reported in the market include: WHC, Viva, OmegaVia, WHC, Nutrigold, Omax3, The Ocean, InnovixLabs
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Key findings of this report include:
The fish oil division was valued at $ 2X.X billion in 2016 due to early introduction to treat joint pain and other health conditions.
Anochovy has the largest market share in 2016 and is expected to grow at an annual average growth rate of +5% due to its rich, easy fish and low mercury levels
Salmon oil has a share of 3.3% in 2016 and is expected to grow considerably over the forecast period because it requires relatively little time to produce salmon oil compared to other fish.
Central and South America accounted for 2.5% of the worldwide demand for omega-3 supplements in 2016, with increasing penetration of pharmaceutical products and rising consumer income levels
R & D and expansion is a key strategy adopted by players to strengthen their position in the market. The company will continue to develop application-specific products to expand its market reach.
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The market for omega-3 is driven by factors such as increased awareness of the health and well-balanced diet and health effects of consumers. Omega-3 supplements, such as eicosapentaenoic acid (EPA) and DHA, also reduce the risk of prostate cancer, colon cancer, and breast cancer. The right amount of EPA reduces the risk of depression and related health problems. Regulatory barriers that limit the consumption of omega-3 over a certain range can inhibit market growth in the near future. Omega-3, derived from vegetable origin, a good source of alpha-linolenic acid (ALA) for vegetarians, offers the opportunity to grow the omega-3 market.
Omega-3 has diverse applications such as dietary supplements, pharmaceuticals, infant formula, food and beverage, pet food and fish feed. Dietary supplements are the primary use and account for three-fifths of the global omega-3 market in 2017. Medicines are expected to grow at an average annual rate of 18% between 2017 and 2021. Omega-3 medicines and infant formula (on a volume basis) are expected to increase at high CAGRs of +16% and +14% respectively, over the forecast period.
Fish and krill oil are the major marine resources of omega-3 fatty acids. Fish oil is applicable to aquaculture and nutrients. Algae oil is an important source of omega-3 fatty acids. Algae oil is a major alternative to omega-3 production. However, relatively high prices limit expected market penetration to food and health supplements.
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Source: MarketersMedia
Release ID: 340560
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