Market Size of North America Omega-3 Products Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.80 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Omega-3 Products Market Analysis
The North American omega-3 products market is projected to register a CAGR of 6.8% during the forecast period, 2020-2025.
The food regulators in North America, USFDA in 2014, approved three omega-3 drugs for the heart health applications. This factor is expected to boost the growth of the omega-3-based pharmaceutical products market in the near future.
Omega-3 products required for the fortification of infant formula are expected to record a high demand in the North American countries, as consumers are willing to pay higher for high-quality products that can elevate their healthier living lifestyles.