Global Omega Products Market By Overview
Omega- 3 products are the products containing omega-3 fatty acids which are found in foods such as flaxseed and fish, and also found in a dietary supplement such as fish oil. Omega- 3 fatty acids are eicosapentaenoic acid (EPA), alpha-linolenic acid (ALA), and docosahexaenoic acid (DHA). The ALA can convert into DHA and EPA but in a very small amount so, to get DHA and EPA is to increase omega-3 products in the diet is the only practical way to increase the level of DHA and EPA level.
Global Omega Products Market By Drivers & Restraints
The Omega-3 fatty acids contain EPA and DHA which is essential in the human diet for the development, good health, and proper growth is the major propelling factor for the growth of the global market. Additionally, omega-3 found good for the joint and inflammation support, heart health, pregnancy and healthy child development which is another driving factor for the growth of the target market. Moreover, the increasing demand for infant nutrition due to health attributes omega-3 delivers post-natal and pre- natal deliveries. Furthermore, the demand for the new ultra-high concentrated omega-3 food supplements gives various benefits to the consumers is the boosting factor for the growth of the target market. For instance, the FMC launches an ultra-high concentrated fish oil in the form of triglyceride form which delivers EPA 450mg/g and DHA 350mg/g. However, the gap between omega-3 supplement usage and omega-3 awareness is the major restraining factor for the growth of the target market. Nevertheless, the new trend for personalized nutrition can create a strong opportunity for the growth of the global omega-3 product market.
Global Omega Products Market By Segmentations & Regional Insights
Omega-3 products market is segmented based on product type, distribution channel, and region.
Based on product type, the omega-3 products market is segmented into functional food, dietary supplements, infant nutrition, pet food and feed, pharmaceutical, and clinical nutrition. Infant nutrition segment is the expected to dominate over the forecast period due to increasing demand for infant nutrition. Based on the distribution channel, the global market is classified into grocery retailers, pharmacies, health stores, internet retailing, and other distribution channels. Health store is dominating segment in the distribution channel because of increasing sale from the health store. Internet retailing is expected to show significant progress to increase sales of omega-3 products over the forecast periods.
On the region, the omega-3 products market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region is dominating region in the omega-3 products market due to increase in demand for the omega-3 products for the infant nutrition and dietary supplements. Moreover, the Asia- Pacific region shows significant growth for the omega-3 products market due to increasing demand for convenient and highly efficient enhancement in the omega-3 products.
Omega-3 Products Market, By Product Type:
- Functional Food
- Dietary Supplements
- Infant Nutrition
- Pet Food and Feed
- Pharmaceutical
- Clinical Nutrition
Omega-3 Products Market, By Distribution Channel:
- Grocery Retailers
- Pharmacies
- Health Stores
- Internet Retailing
- Other Distribution Channels
Omega-3 Products Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Omega-3 Products Market, By Product Type
- Middle East & Africa Omega-3 Products Market, By Distribution Channel
- Middle East & Africa Omega-3 Products Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Omega-3 Products Market, By Product Type
- Latin America Omega-3 Products Market, By Distribution Channel
- Latin America Omega-3 Products Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Omega-3 Products Market, By Product Type
- Asia Pacific Omega-3 Products Market, By Distribution Channel
- Asia Pacific Omega-3 Products Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Omega-3 Products Market, By Product Type
- Europe Omega-3 Products Market, By Distribution Channel
- Europe Omega-3 Products Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Omega-3 Products Market, By Product Type
- North America Omega-3 Products Market, By Distribution Channel
- North America Omega-3 Products Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global Omega Products Market By Competitive Landscape & Key Players
The key players operating the omega-3 products market include Nestle SA, Unilever, Abbott Laboratories, Amway, Sanofi, Herbalife Limited, Reckitt Benckiser Group PLC, Blackmores Limited, Mars Incorporated, and Nutranext. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the Product Types to gain a competitive edge in the target market. For instance, in 2018, Unilever declared the launch of “Growing Roots”, an organic, snacks brand which is plant-based. It is USDA certified organic, certified vegan, certified gluten-free, and an excellent source of ALA omega-3.
Global Omega Products Market By Company Profile
- Nestle SA
- Unilever
- Abbott Laboratories
- Amway
- Sanofi
- Herbalife Limited
- Reckitt Benckiser Group PLC
- Blackmores Limited
- Mars Incorporated
- Nutranext
Global Omega Products Market By Highlights
FAQs
Omega-3 products market is segmented based on product type, distribution channel, and region.
Omega-3 fatty acids contain EPA and DHA which is essential in the human diet for the development, good health, and proper growth is the major propelling factor for the growth of the global market.
The North America region is dominating region in the omega-3 products market due to an increase in demand for the omega-3 products for infant nutrition and dietary supplements.
Manufacturers are focusing on licensing agreements, capacity expansions, acquisitions, and product launches for strengthening their market presence and expanding their product portfolios. For instance, in 2018, Unilever declared the launch of “Growing Roots”, an organic, snacks brand which is plant-based. It is USDA certified organic, certified vegan, certified gluten-free, and an excellent source of ALA omega-3.