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Omega-3 Polyunsaturated Fatty Acids Market Segmented By Marine, Terrestrial Source in Powder, Gels, Oils Form in Pharmaceuticals, Healthcare & Cosmetics, Supplement & Nutrition
According to latest research by Persistence Market Research, Omega-3 PUFAs market is set to witness steady growth during 2021-2031. Demand for Omega-3 PUFAs will witness steady growth in short-term, with optimistic growth outlook in the long-run. Increased demand from fitness industry would provide significant growth opportunities in near future.
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The influence of nutrition can be felt in carrying out the daily activities and maintaining body metabolism. Omega-3 PUFAs is one such nutrition that helps in maintenance of the body cells, regulation of nervous system, maintaining blood pressure, hematic clotting, glucose tolerance and also helps in inflammatory processes.
The variety of body nourishments that this product offers is the reason for its popularity in fitness industry.
The most recommend nutrition for athletes to improve their performance and recovery as it not only provides fitness enthusiasts with health benefits and metabolism improvement but also caters to the functional response for the training period.
The fitness centric population and increasing awareness about potent nutrients to cater to a healthy lifestyle is among a number of factors that are blooming its marketplace.
Omega-3 PUFAs also increases the elasticity of the body so as to resist to minor exercise injuries. The fact that this product is obtained from natural sources both marine and terrestrial makes it an even more acceptable product.
This product with its versatile nature has also found its applications in various health and cosmetics industries. The increasing application in these industries is providing optimistic market and demand growth for the product.
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Get a Customized VersionThe Covid-19 pandemic did cast a significant pause on the fitness industry. With nation wide lockdowns and closing of fitness centers and gymnasiums had made the fitness lovers to confide within their homes and hence the market saw a decline during the lockdown period. The pandemic has both pros and cons on the Omega-3 PUFAs marketplace.
Moreover, after some normalization the industry was functional, still the adaptability of latest SOPs required time and hence the product market saw a really slow-paced growth.
But the industry will be operational like before given time and the market holds the potential even more this time to grow as after pandemic more people are inclining themselves towards a healthy living.
In its report, the food and agriculture organization of the U.S. has highlighted that China is by far the leading producer as well as exported of Fish. According to this report China in 2015 produced more than 60 Mn tons of fish, about 70% from aquaculture and the rest from capture.
The raw material for the production of Omega-3 PUFAs is surplus and the technological advancements as well as human resource are both state-of-the-arts in the country.
The countries trade is also not limited to some regions, which can also ensure a great availability of the product range in global markets. Also domestically speaking the country’s population is itself huge and majority population is fitness-centric, which brings significant growth opportunities in the domestic marketplace.
Although the raw material market growth is estimated at an average of about 2% every year, but the market is also affected by the Covid-19 pandemic. The pandemic did result in a declined production of raw material because of the circulating rumors about the virus’s origin from sea food.
But as the situation is neutralizing the market is showing optimistic growth with new and improved opportunities making it a lucrative business in the country.
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Africa offers growth opportunities not just for the nutrition industry but for pharmaceuticals and health care as well. The country has a proven majority of diseases and this calls for aiding the dominating population with healthcare and medical supplies. The Omega-3 PUFAs with its proven health benefits is already being utilized in the pharmaceuticals industry.
The majority market growth is still expected to be delivered form the fitness and nutrition industry in this geography during the forecast period. It may also open up new opportunities for the product’s marketing and distribution.
Some of the leading manufacturers and suppliers of the product includes
The key manufacturers now a days are collaborating with athletes for endorsing their products and as a result the fans are sure to follow. They are also looking for ways to provide a better and appealing product range to its consumers.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
