Omega 3 Ingredients Market - Global Industry Analysis

Omega 3 Ingredients Market

Omega 3 Ingredients Market Size, Share, Sales Analysis & Opportunity

Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-2612 Published Date: Apr-2022 Status : Published

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Omega 3 ingredients are fatty acids necessary for optimal health. Omega 3 fatty acids consist of carbon atom chains linked together by chemical bonds. On one terminal of carbon chain is a methyl group and on the other end is a carboxyl group. The bonds between carbon atoms are either double or single. Single bonds contain an increased number of hydrogen molecules around them than double bonds. Chemical bonds determine whether fatty acids are saturated or unsaturated. Omega 3 ingredients are predominantly present in natural, whole, and fresh food. 

Various health benefits associated with omega 3 ingredients and its high consumption through different food products are the key factors driving the growth of the global omega 3 ingredients market. Growing application of omega 3 fatty acids in different sectors and increasing adoption of healthy lifestyles are anticipated to boost the omega 3 ingredients market within the forecast period. Algae Omega 3 ingredients are the emerging source of omega 3 fatty acids and its application in infant food fortification is anticipated to grow significantly over the forecast period.

Global Omega 3 Ingredients Market

Based on the product type, the omega 3 ingredients market is divided into ALA, DHA, and EPA. Products of docosahexaenoic acid (DHA) accounted for the largest market share in terms of revenue in 2017. Certain health benefits associated with DHA such as reducing bad cholesterol and stabilizing blood pressure are the key factors fueling the growth of the segment. Based on source type, the omega 3 ingredients market is divided into nuts and seeds, vegetable oils, marine, and soya. Marine segment is dominating the global omega 3 ingredients market. Nuts and seeds segment is anticipated to grow at highest CAGR within the forecast period. Based on application, the omega 3 ingredients market is divided into infant formula, supplements & functional foods, animal feed, and pharmaceuticals. Supplements & functional foods segment accounted for the largest market share in terms of volume in 2017. Rapidly evolving pharmaceutical industry is expected to boost the demand for omega 3 ingredients in pharmaceutical application within the forecast period.

By geography, North America accounted for a major market share in terms of revenue in 2017. Europe is the second key region in terms of revenue and is anticipated to exhibit significant growth within the forecast period. Growing pharmaceutical applications and high per-capita income are the key drivers of the omega 3 ingredients market in the region. The omega 3 ingredients market in the Asia Pacific is anticipated to grow at highest CAGR within the forecast period owing to expanding end-use industries such as infant formula and pharmaceuticals coupled with high consumption of omega 3 ingredients through functional foods and supplements. Growing awareness regarding the health benefits of omega 3 ingredients is expected to fuel the omega 3 ingredients market growth in Latin America within the forecast period.

The key companies are focusing on the new product development and acquisition & collaboration strategies in order to expand business in different regions of the world. Some of the key players included in the global omega 3 ingredients market are BASF SE, NU-MEGA Ingredients Pty Ltd., Koninklijke DSM NV, Ocean Nutrition Canada Limited, Pronova BioPharma ASA, Croda International Plc., Omega Protein Corporation, FMC Corporation, Copeinca ASA, Arista Industries, Inc., and Koninklijke DSM N.V.

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