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Led by pertinent economies like India, China, and Japan, the Omega-3 market within the APAC region is expected to experience the fastest growth over the 2014-2022 forecast period. China has overtaken Europe to have the second largest share of the global Omega-3 market, behind North America. Ongoing advancements in food and science coupled with demographic changes and high consumer demand are expected to drive further regional market growth.
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The markets in the Asia-Pacific region show fast overall growth. Many of the countries in the region are emerging markets experiencing rapid economic growth, and the increasing incomes fuel a growth in the usage of consumer products, including those that use omega-3 oils. GOED has conducted consumer surveys in many of these countries and observed that awareness of and affinity towards omega-3s is high.
In the Asia-Pacific markets, the volume of oils used for dietary supplements is several times larger than the volume used for all other sectors.
High-value applications, like infant formula and pharmaceuticals, take a larger portion of the total, but supplements still represent more than half of the total value. This region spans many countries and pharmaceuticals have not yet been approved in all of them.
The largest growth happened in the dietary supplement sector, but infant formula is growing rapidly too as DHA-fortified formulas grow in prevalence throughout the region.
In percentage terms, dietary supplements showed healthy growth, but the fastest growth was seen in the algae and tuna oils used as ingredients for the fast-developing infant formula market.
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Not just found in fish, explore the growing variety of Omega-3 sources:
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