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The Omega 3 And Omega 6 Market size is projected to increase by USD 4,241.43 million and the market size is estimated to grow at a CAGR of 7.78% between 2022 and 2027.
This omega 3 and omega 6 market report extensively covers market segmentation by type (omega 6 and omega 3), application (functional food and supplements, infant nutrition, pharmaceutical, pet food and feed, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
Increasing focus on sports nutrition and athletic performance is notably driving the market growth. The global omega 3 and omega 6 market is witnessing a surge in interest related to sports nutrition and athletic performance. This trend is primarily driven by the increasing awareness among athletes and fitness enthusiasts regarding the crucial role of proper nutrition in optimizing their physical performance A prominent example of the growing emphasis on sports nutrition is the integration of omega 3 and omega 6 supplements into the diets of professional athletes. Many sports nutrition companies now offer specialized supplements tailored to the specific nutritional needs of athletes. These supplements are carefully formulated to provide precise amounts of omega 3 and omega 6 fatty acids, ensuring that athletes receive the necessary nutrients to support their training and recovery processes. Sports nutritionists are also increasingly prioritizing omega 3 and omega 6 fatty acids when designing personalized nutrition plans for athletes. By incorporating adequate levels of omega 3 and omega 6 fatty acids into an athlete's dietary regimen, sports nutritionists aim to boost performance, maintain overall well-being, and reduce the risk of injuries. Consequently, the growing focus on sports nutrition and athletic performance is expected to drive increased adoption of omega 3 and omega 6, thereby propelling the growth of the global omega 3 and omega 6 market during the forecast period.
The Omega 3 And Omega 6 Market shows an Accelerate during the forecast period.
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New innovations in omega 3 and omega 6 are an emerging trend shaping the market growth. The global omega 3 and omega 6 market is experiencing a rising trend of new product launches. These introductions serve to incentivize consumers to explore various omega 3 and omega 6 products, fostering competition in the market. This heightened competition, in turn, drives innovation and product differentiation. Notably, new product launches have the effect of enticing consumers to experiment with different offerings, prompting manufacturers to focus on novel product developments. For instance, in October 2022, CoreFX Ingredients and Natures Crops joined forces to introduce the 70GA Dry Ahiflower Oil, a novel plant-based omega powder.
Moreover, this proprietary seed oil from Natures Crops is distinctive for being the sole natural plant source with advanced omegas. As they cater to evolving consumer preferences and needs for omega-rich nutritional offerings, such developments are poised to drive the growth of the global omega 3 and omega 6 market during the forecast period.
The declining growth rate of fish production is a significant challenge hindering market growth. The nutraceutical industry faces significant challenges due to a decline in the growth rate of fish production, given that fish and fish oil serve as major sources of essential fatty acids like omega 3 and omega 6. One of the primary drivers of this declining growth rate is overfishing. As global demand for fish products continues to surge, fishing fleets are intensifying their efforts to meet this demand. Unfortunately, this over-exploitation has led to the depletion of fish populations in numerous areas, making it increasingly difficult to maintain consistent levels of fish production. The rise in temperatures and shifts in ocean currents are disrupting marine ecosystems and affecting fish populations. In some regions, elevated water temperatures have prompted fish to migrate to cooler areas, making them more challenging to catch. Additionally, alterations in ocean currents can disrupt the availability of food sources for fish, thereby impacting their reproductive capabilities and overall population size.
However, these climate-related factors have tangible consequences on the production of omega 3 and omega 6 products derived from fish sources. Overall, these challenges, including overfishing, environmental pollution, and climate change, are expected to impede the growth of the nutraceutical market focused on omega 3 and omega 6 products during the forecast period.
The functional food and supplements segment is an essential part of the global omega 3 and omega 6 markets. In recent years, the inclusion of omega 3 and omega 6 fatty acids in these functional food products has achieved significant popularity. For instance, companies have started producing omega 3-enriched yogurt, bread, and spreads. Many people choose supplements as they deliver a suitable way to provide an adequate intake of essential fatty acids. For example, omega 3 fish oil capsules are a popular supplement choice owing to their high concentration of EPA and DHA, which are important omega 3 fatty acids. Therefore, such advantages of omega 3 and omega 6 are anticipated to boost its adoption in functional food and supplements, which will fuel the growth of the global omega 3 and omega 6 market in the functional food and supplements segment during the forecast period.
The market share growth by the omega 6 segment will be significant during the forecast period. Omega 6 fatty acids are polyunsaturated fats that are necessary for the proper functioning of the human body, including brain development, stimulation for hair growth, bone health maintenance, and regulation of metabolism. Omega 6 fatty acids are generally found in vegetable oils such as corn, soybean, and sunflower oil.
The segment omega 6 was valued at USD 5,429.03 million in 2017 and continued to grow until 2021.
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Also, the pharmaceutical industry utilizes omega 6 fatty acids for their potential health benefits. In addition, skin care products, such as lotions, creams, and serums, now contain omega 6 fatty acids as primary ingredients to stimulate skin health. Further, omega 6 is especially important for livestock, as it contributes to their overall health, growth, and reproduction. Livestock owners and animal feed manufacturers opt for omega 6 enriched feed to ensure that their animals receive enough nutrition. Therefore, such advantages are anticipated to advance the adoption of omega 6, which will drive the growth of the market in focus on the omega 6 segment during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America holds a major position in the global omega 3 and omega 6 market which can be attributed to increasing health concerns among individuals and the advantages associated with omega 3 fatty acids. Moreover, rising disposable incomes and the readiness of individuals to spend on preventive healthcare measures have also contributed to market growth. The increasing prevalence of chronic diseases such as CVD, diabetes, and obesity. Omega 3 and omega 6 have been proven to have positive effects in the prevention and management of these conditions are considered as one of the key factors driving market growth in North America.
Further, several food and beverage manufacturers have incorporated omega 3 and omega 6 into their products, promoting them as healthier alternatives. Therefore, such factors are anticipated to augment the adoption of omega 3 and omega 6 products, which will drive the growth of the regional omega 3 and omega 6 markets during the forecast period.
The outbreak of COVID-19 in 2020 negatively influenced the growth of the omega 3 and omega 6 market in the region. However, the relaxation of adverse restrictions and the initiation of large-scale vaccination drives helped the market gain momentum in 2021. The governments in the region took several initiatives to recover the economy. For instance, in May 2020, the US Government announced a USD 2.2 trillion economic recovery package for US businesses, including the food industry. Also, companies in North America are experiencing developments, such as mergers and acquisitions, product launches, and capacity proliferation, to maintain their market position. Such factors will aid in the growth of the regional omega 3 and omega 6 market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The omega 3 and omega 6 market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The omega 3 and omega 6 market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Omega 3 And Omega 6 Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.78% |
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Market growth 2023-2027 |
USD 4,241.43 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.35 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key countries |
US, Canada, China, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AAK AB, Aker BioMarine ASA, BASF SE, Cooke Aquaculture Inc., Corbion nv, Coromega Co., Croda International Plc, GC Rieber VivoMega AS, Grontvedt AS, KD Pharma Group, Koninklijke DSM NV, Nestle SA, Nordic Naturals Inc., NOW Health Group Inc., Omega3 Innovations, Orkla Health AS, Orlo Nutrition, Ornua Co-operative Ltd., Pharma Marine AS, Polaris, RHG and Co. Inc., Stepan Co., and Vital Health Foods |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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