COVID-19 Impact on Omega-3 PUFAs Market was Moderate to Nil Across the Globe and Demand is projected to Reach 200k Metric Tons by 2026
Industry Experts, Inc. published an updated 2021 version of its most comprehensive global market research report on Omega-3. The new report “ Omega-3 Polyunsaturated Fatty Acids (PUFAs) – A Global Market Overview " reveals that Omega-3 supplements, prescription drugs, and infant nutritional products saw significantly increased sales in March-April timeframe across majority of the regions, particularly in North America, Europe, Japan, and South Korea, attributed to consumer stockpiling. Much of these sales were online and this trend has been continued throughout the year. COVID-19 Pandemic effect on the global Omega-3 ingredients market varied materially by country and end-use applications, depending on the timing of the outbreak and consumer behavior. Overall, the impact of coronavirus on global Omega-3 was moderate in 2020 and expected to recover significantly in 2021. Omega-3s demand in animal/pet nutrition applications was least impacted by the pandemic, as these ingredients...