COVID-19 pandemic effect on the global Omega-3 ingredients market varied materially by country and end-use applications, depending on the timing of the outbreak and consumer behavior. Overall, the impact of coronavirus on global Omega-3 was moderate in 2020 and expected to recover significantly in 2021.
Omega-3s demand in animal/pet nutrition applications was least impacted by the pandemic, as these ingredients have been considered most essential for animal health. Demand from Omega-3s in pharmaceuticals was firm as these drugs are prescribed to at-risk patients. Strong increase in prescription levels was observed during the second half of 2020, partially offset by lower levels in the second quarter of the year.
Research Findings & Coverage
- Worldwide market for Oemga-3 fatty acids is analyzed in this report with respect to raw material sources and end-use applications
- Omega-3 PUFAs market size is reported in this study by raw material source and end-use application across all major regions/countries
- Dismissal of Amarin Pharma's Lawsuit Exonerates the Omega-3 Dietary Supplement Industry
- Docosapentaenoic Acid (DPA) Reappears on the Omega-3 Fatty Acid Horizon
- Algae Sources Offer Immense Scope for Global Omega-3s Market
- Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
- Major companies profiled – 124
- The industry guide includes the contact details for 319 companies
Product Outline
The report analyzes the global market for the following key material sources of Omega-3:
- Marine
- Algal
The market for major applications of Omega-3 ingredients explored in this report comprise the following:
- Dietary Supplements
- Animal Nutrition
- Food & Beverages
- Infant Nutrition
- Pharmaceuticals
- Clinical Nutrition
Analysis Period, Units and Growth Rates
- The report reviews, analyzes and projects the global Omega-3 market for the period 2017-2026 in terms of market value in US$ and volume in metric tons; and the compound annual growth rates (CAGRs) projected from 2019 through 2026 with a special focus on y-o-y for 2019-2020
Geographic Coverage
- North America (The United States, Canada and Mexico)
- Europe (Denmark, France, Germany, Italy, Norway, Spain, the United Kingdom and Rest of Europe)
- Asia-Pacific (Australia, China, Japan, India, South Korea and Rest of Asia-Pacific)
- South America (Argentina, Brazil and Rest of South America)
- Rest of World