Omega-3 PUFA Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The global omega-3 PUFA market is growing at a CAGR of 8.2% during the forecast period (2020-2025).

• The market growth is fueled by factors such as rising consumer awareness of the health benefits associated with omega 3 PUFA and a rise in its application in the industrial sector. On the segmentation font, EPA and DHA are gaining importance and becoming a part of the consumer’s daily diet owing to the increased prevalence of maladies and people taking preventive healthcare measures. Moreover, emerging applications of EPA and DHA in food, dietary supplements, and clinical nutrition are further stimulating market growth.
• In terms of application, dietary supplements hold the largest shareholding category of the market, followed by infant nutrition and pharmaceutical, due to the growth of the dietary supplements market in Asia-Pacific, Europe, and the Rest of the World. Geographically, Asia-Pacific and North America together contributed more than 70% of the global market. The Asia-Pacific region is the fastest-growing region, owing to consumer awareness in developing countries. 
• However, few of the regulations from the regulatory bodies are the factors restraining the global market growth. For instance, according to the IEG (International Expert Group) recommendations, the content of EPA in infant formula should not exceed the DHA content, which is creating a barrier for key players who are willing to introduce EPA-based infant formula products.

Scope of the Report

The global omega-3 PUFA market has been segmented by source into plant and marine source; and by type into Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), Alpha-Linolenic Acid (ALA) and others. By concentration, the market is segmented into high concentration, medium concentration, and low concentration; and by application into food and beverage, dietary supplements, pharmaceuticals, and animal feed. The food and beverage segment is further bifurcated into functional food and beverage, and infant formula. Also, the study provides an analysis of the omega 3 PUFA market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

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Key Market Trends

Demand for EPA to Drive the Market

The increasing focus on EPA omega-3 containing products is mainly due to the growing awareness about EPA omega-3 fatty acids’ health benefits. The EPA is extensively utilized in combination with developing effective infant nutrition solutions. Also, the prenatal daily supplementation of EPA has been found to offer enhanced protection against allergic outcomes in infants and children up to school-going age. Other applications of EPA include animal feed and clinical nutrition application. The fortification of pet food products with EPA has gradually increased, with strong demands for nutritional ingredients in pert food. Furthermore, the companies are moving toward algae instead of fish to produce 100%-EPA products, due to the varied advantages that algae offer, which are expected to change market dynamics, in upcoming years.

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