Global Omega-3 Market to Grow by 12% (2013-2020) to Reach $5 billion by 2020
Hyderabad − Industry Experts, a multi industry focused market research firm, unveiled a new market research report ´ Omega-3 Polyunsaturated Fatty Acids (PUFAs) - A Global Market Overview ´. The report reveals that the marine and algal omega-3 polyunsaturated fatty acid ingredients (EPA and DHA) market is expected to consume 135k metric tons in 2014 and the same is projected to reach 241k metric tons by 2020. Pharmaceutical drugs, by default, have started incorporating higher concentrations of omega-3 and it is anticipated that, over the coming few years, several new companies would be jumping on to the bandwagon of omega-3 drugs. Several drugs are in Phase II or Phase III clinical trials, with several more expected to come on-stream quite soon. However, the coming year or two is likely to witness an influx of new companies invading the global omega-3 market , provided they obtain the USFDA´s or other relevant authorities´ approvals. In a global scenario where increasing a