Omega 3 Ingredients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Global Omega 3 Ingredients Market: Overview
Omega 3 ingredients are commonly occurring nutrients and polyunsaturated fatty acids that are very important for best possible human health. There are majorly 4 types of omega 3 ingredients, specifically, eicosapentaenoic acid (EPA), alpha-linolenic acid (ALA), and docosahexaenoic acid (DHA). DHA and EPA are mainly taken from fish and ALA are majorly taken from plants sources such as nuts and seeds. Food industry sector is the biggest consumer of the omega 3 polyunsaturated fatty acids.
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Global Omega 3 Ingredients Market: Growth Factors
Changing standard of living along with growing customer preference for healthy food is boosting the demand for the global omega 3 ingredients market. With the increasing health knowledge, customers are showing their inclination for functional food and supplements high in omega 3 fatty acids. Furthermore, growing apprehension towards healthy and nutritional eating amongst the health consciousness customers is leading to boost the demand for the global omega 3 ingredients market in the future.
With the growing interest towards healthy and nutritional eating habits is the usage of omega 3 ingredients in functional and supplements food products, infant formulations, and in the pharmaceutical sector has increased. With the rising efforts for staying away from health complications related to high triglyceride level and high blood pressure is boosting the demand for the global omega 3 ingredients market worldwide.
In addition to this, the demand for algae omega 3 is growing at a quicker rate of infant food enrichment as it offers the same advantage that of fish oil. Another advantage linked with algae omega 3 is that it is completely vegan. Additionally, algae omega 3 product quality is much advanced when compared with fish oil as it is free from any kind of contaminated pollutants and off sensory properties.
Global Omega 3 Ingredients Market: Segmentation
The global omega 3 ingredients market is segmented based on the application and regions. Based on application, the market is classified into pharmaceuticals, supplements and functional foods, pet and animal feed, infant formula, and others.
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Global Omega 3 Ingredients Market: Regional Analysis
North America is anticipated to hold the leading position in the omega 3 ingredients market, while the Asia Pacific is expected to show huge development in consumption rates due to increasing urbanization and rising disposable incomes. North America is expected to have a major consumption of omega 3 ingredients and is anticipated to stay in the same position for the years to come. It is anticipated that the omega 3 ingredients market will develop considerably in the European countries.
Global Omega 3 Ingredients Market: Competitive Players
Some of the most important companies in the global omega 3 ingredients market are BASF SE, Koninklijke DSM NV, Ocean Nutrition Canada Limited NU-MEGA Ingredients Pty Ltd., Croda International Plc., Omega Protein Corporation, and Pronova BioPharma ASA, among others.
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Global Omega 3 Ingredients Market: Regional Segment Analysis
- North America
- The U.S.
- The UK
- The Asia Pacific
- Latin America
- The Middle East and Africa
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