According to BlueWeave Consulting, the Saudi Arabia Omega 3 Market size is expected to reach USD 106.9 million by 2026 from USD 60 million at a CAGR of 8.6% during the projection period 2020-2026. Rising demand for the marine-based Omega 3 because of its health benefits and their growing awareness drives the market for Omega 3 fatty acids.
The growing Omega-3 deficiency among the citizens in Saudi Arabia and its awareness have induced the demand for Omega-3-based products. The ω-3 fatty acids and n-3 fatty acids containing products contribute considerably to the omega-three fatty acids market size. The fish oil omega-3 market has evolved with more refined procurement and delivery process, providing sustainability to the industry. However, stringent entry barriers and high costs may obstruct market development. Besides, the omega-3 fish oil market also faces competition from low-cost substitutes such as soy products, vegetable oil, nuts, and seeds.
Extensive Applications of Omega 3 in the Dietary supplements industry
The dietary supplements segment is projected to account for the largest share in the Omega-3 market during the forecast period because of its wide applications in dietary supplements. Though many food products contain Omega-3 fatty acids, their omega-3 content is not sufficient. So, the consumers have moved towards Omega-3 capsules for adequate intake of Omega 3 regularly.
Unhealthy lifestyles and nutrients deficiency have led to diverse diseases among people. The health-conscious people focus on consuming the required nutrients such as Omega 3 fatty acids from fortified food or dietary supplements to prevent diseases. Omega 3 fatty acids help reduce triglycerides up to 50 %, which consequently prevents heart disease and diabetes. Omega 3 rich fish oil improves hormonal balance and male & female fertility.
Saudi Arabia Omega 3 Market: Product Type
Based on product type, the Omega 3 market is divided into DHA, EPA, and ALA.
Saudi Arabia Omega 3 Market: Application
Saudi Arabia Omega 3 The market is segmented into Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, Infant Formula, and Pet Food & Feed based on application.
Saudi Arabia Omega 3 Market: Source
Based on the source, the Saudi Arabia Omega 3 Market is divided into Marine and Plant.
Saudi Arabia Omega 3 Market: Regional insight
Geographically, the Saudi Arabia Omega 3 Market is divided into Northeast, Midwest, and West. Every segment is expected to register growth during the forthcoming period because of increasing awareness and availability.
“The leading players” in the Saudi Arabia Omega 3 Market are Universal Nutrition Fish Oil, Nutrakey Fish Oil, Triple Omega, MuscleTech Essential, JYM Omega other Prominent Players .