Omega-3 PUFA Market Share, Sources, Application and Technologies Information Report Covers 2017-2023

The global Omega-3 PUFA market has been segmented based on types, source and application. Based on type, the Omega-3 PUFA market has been segmented into EPA, DHA and ALA. Based on source, the Omega-3 PUFA market has been segmented into animal source and plant source. The Animal segment has been sub-segmented into fish oil, algal oil, krill oil and others. The plant segment has been sub-segmented into chia seed, flax seed, hemp seed and others. Based on application, the Omega-3 PUFA market has been segmented into food & beverages, dietary supplements, pharmaceuticals, infant formula and others.

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Omega-3 polyunsaturated fatty acids are essential nutrients that cannot be synthesized by human body, hence are obtained from the diet. Market Research Future (MRFR) has published a report stating that the global Omega-3 PUFA market is marked to expand moderately by the end of 2022.

Geographically, the global Omega-3 PUFA market has been segmented into North America, Europe, Asia Pacific and the rest of the world. The North America region commands for a significant share in the global Omega-3 PUFA market owing to the rise in number of health-conscious consumers and introduction of innovative products that are enriched with Omega-3 polyunsaturated fatty acids by the large pool of manufacturers in this region.

The major player profiled by MRFR that are operating in the global Omega-3 PUFA Market are Cargill, Incorporated (the U.S.), FMC Corporation (the U.S.), Croda International PLC (the U.K.), Hain Celestial Group, Inc. (the U.S.), Omega Protein Corporation (the U.S.), Royal DSM (The Netherlands), GC Rieber (Norway), Pharma Marine USA LLC (the U.S.) and others.

Increased research for discovering new animal as well as plant source for obtaining rich quality omega-3 polyunsaturated fatty acids and availability of these products in the form of functional foods and drugs are some other factors that are responsible for the growth of the global Omega-3 PUFA market. However, high cost of products that are rich in Omega-3 PUFA is likely to restrain the expansion of the global Omega-3 PUFA market.

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In November 2018, VIRUN and Algarithm have announced the debut of their new product O3Omega multi-serving smoothies in the flavor of peanut butter and jelly sandwich in Supply Side West Expo, Las Vegas. This brand has launched multiple other flavored smoothies that are enriched with Omega-3 polyunsaturated fatty acids.