The COVID-19 Impact on Omega-3 PUFAs Market was Moderate to Nil Across the Globe and Demand is projected to be Intact and Reach 200k Metric Tons by 2026 - Market Report (2019-2026) by Industry Experts, Inc.
Wednesday 03 Mar 2021
Industry Experts, Inc. published an updated 2021 version of its most comprehensive global market research report on Omega-3. The new report "Omega-3 Polyunsaturated Fatty Acids (PUFAs) – A Global Market Overview" reveals that Omega-3 supplements, prescription drugs, and infant nutritional products saw significantly increased sales in March-April timeframe across majority of the regions, particularly in North America, Europe, Japan, and South Korea, attributed to consumer stockpiling. Much of these sales were online and this trend has been continued throughout the year.
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.
Omega-3 Polyunsaturated Fatty Acid (PUFAs) raw material ingredients analyzed in this study include Marine and Algal. The report also focuses on the Omega-3 PUFAs end-use applications market including Dietary Supplements, Animal Nutrition, Food & Beverages, Infant Nutrition, Pharmaceuticals and Clinical Nutrition.
The report reviews, analyses and projects the Omega- PUFAs market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of volume in metric tons and value in US$. These regional markets further analyzed for 17 independent countries across North America – the United States, Canada, and Mexico; Europe – Denmark, France, Germany, Italy, Norway, Spain, and the United Kingdom; Asia-Pacific – Australia, China, Japan, India and South Korea; South America – Argentina, and Brazil. The COVID-19 impact is analyzed as the report provides y-o-y trends for each market in terms of both volume and value.
This 372 page global Omega-3 PUFAs market report includes 131 charts (includes a data table and graphical representation for each table), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 32 key global players and 124 major players across North America – 25; Europe – 50; Asia-Pacific – 34 and South America – 15. The report also provides the listing of the companies engaged in the manufacturing and supply of Omega-3 PUFAs as well as major players in the Omega-3 end-use industries such as human nutrition, pet nutrition and pharmaceuticals and major ingredient distributors across the globe. The global list of companies covers addresses, contact numbers and the website addresses of 319 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/healthcare-and-pharma/omega-3-polyunsaturated-fatty-acids-pufas-a-global-market-overview
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