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Turbulence to Traction: Global Omega-3 Market Eyes Steady Growth Through 2030

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Industry Experts, Inc., has released its latest report on the Omega-3 Polyunsaturated Fatty Acids (PUFAs) Market . According to this new report, global value demand for Omega-3 PUFAs is projected to rise at a CAGR of 2.4% between 2024 and 2030 reaching US$2.54 billion by 2030 from an estimated US$2.2 billion in 2024. In volume terms, consumption of Omega-3 ingredients worldwide is forecast to reach close to 200 thousand metric tons by 2030. Omega-3 Polyunsaturated Fatty Acids (PUFAs) are widely recognized for their considerable health benefits. They play a crucial role in promoting cardiovascular health and are also associated with protective effects against a variety of health conditions, including cancer, birth defects, diabetes, arthritis, cognitive decline, depression, and several others. These essential fatty acids are not produced by the body in sufficient quantities and must be obtained through diet or supplements. Historically, fish oils have been the primary sour...

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

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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...

Increased Usage in Pharma and Infant Nutrition Drives Global Omega-3 PUFAs Market to touch nearly 200k Metric Tons by 2026 - Market Report (2019-2026) by Industry Experts, Inc.

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Industry Experts, Inc. unveiled an updated 2020 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 " estimates that Asia-Pacific is the largest market with annual consumption of about 54 thousand metric tons in 2019 account for 39% of the global market. Omega-3 Polyunsaturated Fatty Acids (PUFAs) offer significant benefits in maintaining heart health, in addition to safeguarding against cancer and birth defects and offsetting symptoms of diabetes, arthritis, cognitive decline, depression and several other conditions. Recovered from declining sales between 2012 to 2014, attributed to negative studies in the US media, global Omega-3 market has picked up the growth momentum in recent years. Sales of Omega-3 ingredients for dietary supplement sector has been significantly reduced compared to other application sectors during the slowdown period. The impact was large ...