Omega-3 ingredients are polyunsaturated fatty acids which are used to manufacture products that improve the cardiovascular and cognitive functioning of the human body. The ingredients are sourced from fish oils, microalgae (phytoplankton), plant sources such as flax seed, chia seed and walnut and others. Increasing demand for functional ingredients owing to rising health consciousness and consumer awareness has been contributing to the growth of omega-3 PUFA market at ingredient level as well as retail products industry. The Omega-3 PUFA market is segmented based on the basis of end-Use, ingredient type and geographic regions. The market is forecast to reach $2,659 Million by 2020.
Consumption of Omega-3 fortified functional food and dietary supplements is set to increase owing to growing awareness regarding preventive health benefits of Omega-3 PUFA on cardiovascular ailments. Consumers are becoming significantly aware of the unhealthy diet and sedentary lifestyle; in order to meet the daily nutrient requirements and to prevent health issues, consumers have been preferring omega 3 laced dietary supplements. This trend of increasing demand for dietary supplements and pharmaceuticals applications is set to propel the market for Omega-3 PUFA ingredients and products in the near future.
Major end-use segments of Omega-3 PUFA ingredients are Infant formula, food & beverages, nutritional supplements, pharmaceutical & clinical nutrition and pet food. Nutritional supplements as an end-use application is the most dominant segment for these ingredients owing to higher demand from Asian countries for concentrated Omega-3 PUFA formulations. Pharmaceutical & Clinical Nutrition is the second dominant segment by value due to its increasing recommendation by doctors to the cardiovascular patients. North America is the dominant market for Omega-3 PUFA ingredients and products; the ingredients demand market in North America is estimated to reach $1,173.3 Million by 2020 at a CAGR of 5.8% from 2015 to 2020.
Heightened awareness and extensive demand for Omega-3 PUFA ingredients in China and Japan has placed APAC in second position. APAC market is set to witness brisk growth in the coming years owing to the growing awareness on benefits of Omega 3 products among consumers in developing nations. Major players in this market include:
- Koninklijke DSM N.V. (The Netherlands)
- BASF SE (Germany)
- FMC Corporation (U.S.)
- Croda International Plc. (U.K.)
- Omega Protein (U.S.)
Major players in the market are profiled in the report along with company strategies, developments, product range and financials are included in the report.
The Omega-3 PUFA Market Report provides detailed analysis of different ingredients, sources and end-use segments as well as retail products market value. Various end-use applications included in the report are:
- Infant Formula
- Foods And Beverages
- Nutritional Supplements
- Pharmaceutical & Clinical Nutrition
- Pet Food
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. . Browse Related Reports:
- Nutraceutical Ingredients Market: Type (Amino Acids, Peptides, Proteins, Carotenoids, Minerals, Probiotics, Others) Application (Functional food & Beverage, Dietary Supplement, Animal Nutrition, Personal Care)-Forecast(2015-2020)
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