Asia-Pacific Omega-3 PUFA Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Omega-3 PUFA Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific Omega-3 PUFA Market is projected to grow at a CAGR of 8.2% during the forecast period.

Key Highlights

• Rising disposable income in developing regions, such as the Asia Pacific is also one of the major reasons for the increase in spending on any food or supplement, which is positioned as healthy including omega-3 supplements.
• Manufacturers and suppliers involved actively in the supply chain of omega-3 in the Asia-Pacific region are making strategic efforts to ensure a gradual flow of information regarding the health benefits associated with omega-3 enriched diets, which has largely and positively affected the sales of omega-3 ingredients in the developing regions.

Key Market TrendsIncreased Application in Dietary Supplements

Consumers are understanding the importance of incorporating supplements in theirregular diets. Omega-3 containing dietary supplements are proving to be a major attraction for almost every manufacturer, owing to their assistance in maintaining bone health, heart health and preventing hypertension, breast, prostate, and colon cancer, and even skin and eye-related disorders in both the geriatric as well as younger population segments. Healthcare professionals and physicians are also recommending omega-3 dietary supplements to their patients. This can be attributed to the robust growth of the omega-3 product market over the forecast period

China Holds the Maximum Share in Market

China is the largest market owing to the strong manufacturing base, increasing middle-class population, disposable income, and health awareness are fueling the consumption of EPA and DHA ingredients in China. The high birth rate and the recent abolition of the one-child policy in China are expected to fuel the demands for DHA-based ingredients for infant nutritional formulae. Infant formulae followed by dietary supplements are two major application areas in the Chinese EPA and DHA market. The dietary supplements sector in the China marketplace is expected to emerge as a lucrative application sector for EPA and DHA ingredients amid an increase in discretionary spending.

Competitive Landscape

The Asia-Pacific Omega-3 PUFA Market is consolidated and major companies hold maximum share in the market. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. The key players in the market are BASF SE, Corbion N.V, and Koninklijke DSM N.V. among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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