Elevating Health: Navigating the Global Omega-3 Market (2023-2030)

The Global Omega-3 Market is anticipated to grow at a CAGR of 10.1 % and to reach USD 9.3 billion during the forecast period 2023-2030.?The global omega-3 market is growing at a significant rate, due to the increase in consumption of omega-3 in the active pharmaceutical ingredient (API) and is one of the major factors driving the demand for the product. It is consumed as a dietary supplement as it reduces the risk of cardiovascular and heart diseases. The rising number of patients with inflammatory bowel diseases, cancer, depression, arthritis, asthma, and eyesight problems are the reasons for the demand for omega-3 products globally.?

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The market for omega-3 is growing substantially due to consumer awareness about health benefits, increasing concentration on preventive healthcare, and huge demand for omega-3 in functional foods and pharmaceuticals. In addition, the introduction of innovative production technologies along with rising demand in developing economies are the key factors that drive the growth of the omega-3 market. Also, the rising awareness of chronic diseases will positively affect the growth of the market as omega-3 is used for the treatment of chronic diseases. However, stringent regulation barriers and high costs involved in research and development activities are the factors restricting the growth of the market. Continuous research and development efforts focus on discovering new sources of omega-3s, improving extraction methods, and developing novel omega-3 products with enhanced bioavailability.

Consumer preferences for natural and sustainable sources of omega-3s have also influenced the market. For example, there is a growing demand for plant-based omega-3 supplements and algal oil as alternatives to traditional fish oil.