According to study published in the Nature Food Journal in November 2020, the supply, and demand gap for Omega-3 fatty acids remains substantial, nearly twice as previous estimates. The rising demand for healthy substitutes to cater to growing health-conscious population remains a key driver of growth in the omega-3 market. The supply chain also promises to stabilize in near future, as opportunities in the increasing use of by-products from fisheries, and promising initiatives to reduce food waste remains a growth factor in the Omega-3 market.
Omega-3 acids remain at the forefront of rising awareness about heart disease, and promise a healthy opportunity for reducing its risk. According to the American Heart Association, the Omega 3 reduces risk for heart diseases, and strokes, two deadly diseases plaguing the global population. According to the World Health Organization, cardiovascular diseases consisting of heart disease remain the number 1 cause of deaths worldwide. The WHO estimates that these diseases on the rise, kill nearly 18 million people each year globally. Moreover, 4 out 5 cardiovascular deaths are caused due to heart disease, and strokes. Furthermore, one-third of deaths are premature deaths as they occur in people below the age of 70. The growing awareness about heart disease, growing demand for omega-3, and large preventive potential of the fatty acids remain a major potential for growth for players in the omega 3 market.
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