Russia Omega 3 Market Size, Share, Industry Trends and Forecast To 2021 - 2027

 The mushrooming demand for nutraceuticals is a key driving factor for the global omega 3 market. In Russia, there is a rising need for food fortification, increased application profiling, and novel product innovations, which contribute to the growth of the omega 3 market. Moreover, the consumption of omega 3 fatty acids is gaining popularity, especially in mother and new-born nutrition products, as it enhances overall physical performance.

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According to Fairfield Market Research, the global omega 3 market is experiencing rapid growth, and Russia is expected to play a significant role in this expansion. In 2019, the market was valued at approximately US$4.4 billion, and it is projected to reach around US$13 billion by 2027, exhibiting a robust compound annual growth rate (CAGR) of 14.6% between 2021 and 2027.

However, the omega 3 market in Russia also faces challenges. One of the major barriers is the lack of clarity regarding the ideal daily intake of omega 3 among consumers. Despite the widespread practice of consuming omega 3 through dietary supplements, fortified foods, and beverages, a considerable portion of the population remains unaware of the recommended amount to be consumed on a daily basis. The absence of a precise recommended dosage determined by government and non-government organizations continues to impact the market performance. This issue is particularly critical in developing countries like Russia, where consumer awareness is low, and the primary healthcare infrastructure is not robust.

On the positive side, the emphasis on research for the development of alternative sources of omega 3 is expected to influence the growth of the market in Russia. With an increasing interest in health foods and a growing aging population at risk of cardiovascular ailments, consumers are paying more attention to products with high omega 3 fatty acid levels. Omega 3 is also gaining traction in pet nutrition for its therapeutic potential in boosting immunity and preventing degenerative illnesses in pets. Furthermore, omega 3 is being used to enhance the quality of meat, eggs, and milk produced by farm animals.

Looking at the regional perspective, North America currently dominates the global omega 3 market, but Russia reflects the highest attractiveness in the Asia Pacific region. By the end of 2027, North America is expected to lead the global omega 3 market, driven by continuous product launches and a soaring demand for nutraceuticals. In Russia, the omega 3 market is rapidly growing and is anticipated to have the highest growth rate in the Asia Pacific region.

The global omega 3 market is highly competitive, with the presence of numerous local and international manufacturers. In Russia, key competitors include BASF Corporation, Cargill Inc, DSM, Lonza, Corbion, Ingredion Incorporated, Archer-Daniels-Midland Company, Friesland Campina, Kerry PLC, and Olam International Ltd.

As the demand for omega 3 continues to rise in Russia, manufacturers and industry players are expected to focus on product innovation, consumer education, and strategic partnerships to capitalize on the market opportunities.

 

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