Saudi Arabia Omega-3 Market - Infiniumglobalresearch.com

Saudi Arabia Omega-3 Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2026

Report Code: SA01060 Country : Saudi Arabia Published: January, 2021

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The country research report on Saudi Arabia's omega-3 market is a customer intelligence and competitive study of the Saudi Arabia market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Saudi Arabia market. Also, factors that are driving and restraining the omega-3 market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the omega-3 market in Saudi Arabia.

Market Insight

The omega-3 category has seen phenomenal growth over the past two decades as it offers health benefits at every stage of life. Omega-3 fatty acids have an important role in the functioning of the brain and nervous system. It is useful in the overall natural growth and development of the body. Omega-3 decreases blood fat, clotting of blood, inflammation, and arterial wall fatty plaques. Commercially omega-3 is sourced from oils of the algae, certain plants, fishes, krills, nut oils, and fishes including anchovies, bluefish, herring, mackerel, salmon, sardines, sturgeon, lake trout, tuna, and some others. Consumption of omega-3 based food and supplements can reduce the risk of medical conditions such as asthma, ADHD, breast cancer, colon cancer, Crohn’s disease, diabetes, high blood pressure, high cholesterol, rheumatoid arthritis, and some others.

Nowadays people are becoming more interested in their health and well-being as they are getting more health-conscious. Rising demand for dietary supplement and functional foods are driving the demand for the omega-3 fatty acid market. Rising awareness in health among the people has led to a substantial rise in demand for omega-3 based dietary supplements and functional foods, thereby boosting the omega-3 market. Furthermore, increasing demand in the animal and pet food industry is also driving the growth of the market. Dogs and cats require omega-6 and omega-3 fatty acids in the diet because they cannot produce these essential fatty acids on their own hence, they must be provided in the diet to prevent signs of deficiency. On the other side, lack in clarity among consumers about the daily recommended intake of Omega-3 is restraining the market growth. Regardless of wide scientific research directed by non-government and government organizations, a standardized dose of omega-3 for daily intake is not yet clear. Due to such confusion among consumers, there is an adverse effect on the growth of the omega-3 market. Moreover, advanced research activities for the development of alternative sources to obtain omega-3 provide opportunities to the market players. Most of the populations in the world are vegetarian and some of the population avoids fish-based products due to the fishy smell and taste. Hence, there is a need for alternatives that can cater to the needs of such populations.

Considering the sources of omega-3, marine sources hold a major share in the market. Although COVID-19 does not infect aquatic species it has affected the fisheries and aquaculture food systems like no other shock before. The protection measures are taken by governments to overcome the spread of the disease has impacted each step of the seafood supply chain, from fishing and aquaculture production to processing, transport, and wholesale and retail marketing.