Omega 3 And 6 Market: Overview
Omega 3 and 6 are important nutrients of the regular diets as they go a long way in strengthening the immune system, ensuring brain development, and regulating blood pressure. These substances are known as essential fatty acids. Marine oils are the richest source of omega 3, whereas omega 6 is found is dairy products and plant oils. The demand for omega 3 and omega 6 oils is expected to surge in the coming years due to the growing awareness about their health benefits. As a large number of consumers are working towards eating healthy and changing lifestyles for the better, they are expected to stir a sizeable demand omega 3 and omega 6 in the near future.
The research report by Transparency Market Research delves into the various aspects of the global omega 3 and omega 6 market. Analysts have analyzed and explained the various drivers and challenges impacting the overall market. For the same purpose, the report includes a SWOT analysis and a Porter’s five forces analysis. Both these market measurement tools identify the market dynamics that are worthy of being capitalized on. The research report also studies the shares of key players and geographical segments.
Omega 3 And 6 Market: Trends and Opportunities
Omega 3 is sourced from cod liver oil, marine oil, other fish oils, algal oil, flaxseed oil, and other marine oils. On the other hand, the omega 6 found in soybean oil, sunflower oil, rapeseed oil, sesame oil, and palm oil. These oils are increasingly being used in a variety of dietary supplements, pharmaceuticals and animal feeds, and functional foods and beverages. The growing class of fitness-conscious population will fuel this trend in the coming years.
The uptick in the demand for these otherwise unpalatable oils is also attributable to the remarkable changes in technology that have made the development of food and beverages containing these oils palatable. Thus, growing number of consumers are opting for processed food items that contain these substances. The high incidence of lifestyle-related diseases is anticipated to work in favor of the overall market as omega 3 and omega 6 substances help in treating diabetes, hypertension, and cardiovascular diseases along with reducing the risk of other inflammatory disorders in patients.
Omega 3 And 6 Market: Region-wise Outlook
Geographically, the global omega 3 and omega 6 market is segmented into regions such as Europe, Asia Pacific, North America, and Rest of the World. The report states that North America omega 3 and omega 6 market will dominate the overall market due to an inherent culture of consuming dairy as a part of a staple diet. Europe is expected to follow lead due to similar reasons. Demand for these vital dietary substances is expected to grow due to an improving awareness about the benefits of consuming these amongst consumers and their wide availability.
Asia Pacific is also anticipated show a significant progress in the overall omega 3 and omega 6 market as the region witnesses high disposable incomes amongst consumers. Furthermore, a higher prevalence of chronic diseases, due to a large population pool, is also encouraging physicians and consumers to discover the health benefits of omega 3 and omega 6 fatty acids through a wide range of dietary supplements.
Key Players Mentioned in the Report
Some of the leading players in the global omega 3 and 6 market are Zymes LLC, Denomega Nutritional Oils, Barleans Organic Oils, Vega Nutritionals Ltd., Arista Industries, Croda International PLC, Copeinca ASA, Martek Biosciences Corporation, Omega Protein Corp, Horizon Organic, Pharma Marine USA LLC, and others.
Market Segmentation of Global Omega 3 And 6 Market:
- Marine oil
- Cod liver oil
- Other fish oils
- Other marine oils
- Algal oil
- Flaxseed oil
- Sunflower oil
- Soybean oil
- Sesame oil
- Rapeseed oil
- Palm oil
Segmentation Based on Application
- Dietary supplements
- Functional foods & beverages
- Others (Pharmaceuticals & animal feeds)
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.