Transparency
Market Research has published a new market report titled “Omega
3 Ingredients Market (By Application - Supplements and functional
foods, Pharmaceuticals, Infant formula, Pet and Animal Feed, Others)
– Global Industry Analysis Size Share Growth Trends and Forecast,
2015 – 2021” was valued at USD 2,786.2 million in 2014 and is
expected to reach USD 7,499.5 million estimated to grow at a CAGR of
15.2% during the forecast period.
Increasing
consumer awareness about healthy eating and balanced diet is one of
the major factors driving the demand for omega 3 ingredients
globally. The source of omega 3 ingredients such as EPA and DHA are
algae, fish oil, krill, and squid. With the rising consumer health
consciousness and awareness regarding the benefits associated with
the consumption of omega 3 fatty acids is driving the demand for
omega 3 ingredients globally. The increasing prevalence of health
complexities is also fueling the application for omega 3 ingredients.
Omega 3 fatty acids reduce the risk of various heart problems.
Furthermore, consumption of omega 3 fatty acids in any form controls
the triglyceride and high blood pressure. Besides, growing consumer
information regarding the positive effects of omega 3 on health is
driving the market for omega 3 ingredients globally.
In
2014, North America held the largest market share for omega 3
ingredients, accounting more than 50% of total market size.
Increasing consumer awareness about the benefits associated with
omega 3 ingredients is driving the market in this region. North
America has always been a growing market for supplements due to high
customer awareness and the usage of artificial proteins and fats.
Usage of omega 3 ingredients in infant formulations is expected to
witness positive growth during the forecast period due to growing
consumer awareness of omega 3 health benefits for infants alongside
new product launches of omega 3-enriched infant formulae by companies
such as Nestle. Rising consumer health consciousness and increasing
valuable information regarding the benefits of consuming omega 3
ingredients is fueling the market for omega 3 ingredients in North
America.
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In
Europe, changing consumer preference for healthy diet is stimulating
the demand for omega 3 ingredients in Europe. In addition, growing
health consciousness and rising awareness is contributing to the
growing popularity of food products that contain omega 3 in various
forms. The growth in this region can be attributed to increasing
health concerns coupled with the rising awareness of the health
benefits of omega 3. A large number of omega 3 formulations are
available in this region, especially in the form of supplements and
functional food. The gradual flow of information regarding the
benefits associated with consuming omega 3 such as reduced
triglyceride and blood pressure is creating a positive impact on the
market for omega 3 ingredients in Europe.
In
Asia Pacific, rising standard of living is creating a positive impact
on the demand for omega 3 ingredients in Asia Pacific. Growing
consumer need to improve eating habits and well-being has increased
the application area of omega 3 ingredients in various segments such
as infant formulations, pharmaceuticals and supplements, and
functional foods among others. Asia Pacific is the fastest growing
region in the world with countries such as India and China being at
the forefront. The consumers in this region are highly health
conscious and have increased awareness levels, which makes it one of
the most potent markets for omega 3 ingredients.
Growing
consumer awareness regarding the benefits associated with consuming
omega 3 ingredients is driving the market for omega 3 ingredients
across Rest of the World (RoW). Omega 3 consumption in any form
protects the heart and controls the blood pressure. Furthermore, it
also cures joint pain and stiffness. These ingredients in infant
formulas play a crucial part in the neurological development of
infants. Application of omega 3 as supplements, pharmaceuticals, and
infant formula is expected to witness major growth due to the high
consumption of artificial supplements and growing health
consciousness.
Koninklijke
DSM N.V. (Netherlands), BASF SE (Germany), Croda, Inc.(U.S.), NU-MEGA
Ingredients Pty Ltd. (Australia), PronovaBioPharma ASA (Norway),
Omega Protein Corporation (U.S.), FMC Corporation (U.S.), Copeinca
ASA (Peru), Arista Industries, Inc. (U.S.) are some of the major
players operating in the omega 3 ingredients market globally.
The
market has been segmented as follows:
Global
Omega 3 Ingredients Market by Application
- Supplements and functional foods
- Pharmaceuticals
- Infant formula
- Pet and Animal Feed
- Others
Global
Omega 3 Ingredients Market, by Geography: The market is broadly
segmented on the basis of geography into:
- North America
- Europe
- Asia Pacific
- Middle East and Africa(MEA)
- Latin America
Contact
Mr.
Sudip S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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