Market Scenario —
The international market for Omega-3 PUFA market is speculated to witness an envious growth rate at CAGR of 11.1%. Through the course, it is going to reach $8148.0 million by the year 2025. PUFA or Omega-3 long-chain polyunsaturated fatty acids or PUFA includes eicosatetraenoic acid (EPA) and docosahexaenoic acid. These are the dietary lipids that come associated with a range of health benefits, which is a prime reason behind the significant growth rate of the segment powered by massive demand and popularity.
Those uninitiated, the Omega-3 PUFA plays the most effective role in anti-inflammatory processes within the cell membrane. Through the process, it takes the immunity-boosting level to a great high whenever infections occur within the human body. Reports suggest that the international market for Omega-3 PUFA is going to expand at a great rate in between the targeted period. It’s due to the growing awareness towards health, and the growth of associated health industries is also stated as the prime reason behind the growth.
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The aim remains on preventive care that has been the crucial factor behind the noteworthy growth of the market. This is the reason that the additional sources of Omega-3 have also been discovered, thus contributing towards the growth of the industry even more. The interesting part is that the advent of the alternative source has managed to keep the price aspect under control, thus maintaining the growth rate and demand. The shift of focus from the traditional curative approach to advanced preventive care has been a great boost in this regard,
The prominent players operating in the Global Omega-3 PUFA Market include Cargill, Incorporated (US), BASF SE (Germany), Pharma Marine AS (Norway), Croda International Plc (UK), Polaris (France), Pelagia AS (Norway), Omega Protein Corporation (US), Arista Industries (US), Koninklijke DSM N.V. (Netherlands), and Arjuna Natural Pvt Ltd (India).
Cole of Duty reports about the growth prospects of Omega-3 PUFA Market at a global level. It identifies the key factors responsible for the significant growth of the market at key domains. At the same time, it also predicts the market worth and growth rate by the forecasted period. It thus identifies the key domains contributing the most.
The entire Omega-3 PUFA Market of can be segmented in terms of dietary supplements, which contributes greatly towards the overall market. In fact, the market is forecasted to grow at an even much faster rate in the upcoming few years, especially with the advent of greater application in this dietary segment. Similarly, there is a great segment of this market associated with the nutritional domain as well, which contributes massively towards the global market. All these factors, in combination, have established the market, ensuring its growth at the fastest possible rate, within the forecasted period. Especially, the segment looks promising enough at the developed parts of the globe considering these people are more health conscious.
Regionally, the global market of Omega-3 PUFA can be divided into North America, Europe, Asia Pacific, and others. Among these, North America is certainly the leading one, contributing the largest share of the global market. To be specific, the market accounts for 31.11 percent of the global share by 2020. Among all, the US is the leading domain contributing the most towards the growth in North America. Asia Pacific is expected to witness the highest CAGR rate between the forecast period by 2025. Among others, Europe is still a great market and speculated to remain significant as well. People in Europe being health conscious makes the market such enriched.
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