Omega-3
fatty acids are an important class of nutrients that are claimed to
be beneficial in preventing several diseases, apart from being vital
to the normal development of infants. These essential fatty acids
can’t be synthesized in the human body and thus need to be consumed
through the diet. As a result, the demand for dietary supplements of
omega-3 fatty acids has grown smoothly over the last decade. Omega-3
fatty acids are also present in numerous foods, which have also risen
in demand.
According
to Transparency Market Research, the global omega-3 ingredients
market was valued at US$2.8 bn in 2014. Exhibiting a robust 15.20%
CAGR from 2015 to 2021, the market is expected to be worth US$7.5 bn
by 2021.
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What
is the crucial driver for the global omega-3 ingredients market?
The
increasing public awareness about the health benefits of omega-3
fatty acids is the prime driver for the global omega-3 ingredients
market. In the recent past, several studies have furthered the
research into the effects of omega-3 fatty acids on the risk of
various diseases.
High
doses of omega-3 fatty acids were seen to have a recuperative effect
on the heart in a study carried out in 2016 at Boston-based Brigham
and Women’s Hospital. While the team behind this research had
earlier carried out the same initiative using fish oil, omega-3
supplements produced better results. The study examined the effects
of omega-3 fatty acids on patients who had already suffered a heart
attack. The results showed a clear difference in the structural
strength and function of the heart between patients who consumed
omega-3 supplements and those on placebo treatments.
Another
study, released in the journal ‘Gut’ in July 2016, found an
association between a lowered risk of death from bowel cancer and the
consumption of omega-3 fatty acids. This study was based on two
long-term surveys carried out in 1976 and 1986 and followed up on the
subjects of the studies to examine the association between omega-3
and bowel cancer. The researchers found that though the overall risk
of death was not lowered by the consumption of omega-3 fatty acids,
the risk of dying as a result of bowel cancer was significantly lower
in patients who regularly consumed omega-3.
What
is the major application of omega-3 ingredients?
The
key application of omega-3
ingredients is in the form of supplements and functional foods.
This segment held the leading share in the global omega-3 ingredients
market in 2014 and is likely to remain the dominant application in
the coming years. Other key applications of omega-3 ingredients
include pet and animal feed, pharmaceuticals, and infant formula. Due
to the ease of administration, infant formula is another leading
application of omega-3 ingredients.
Geographically,
North America held the leading share in the global omega-3
ingredients market in 2014 and is likely to retain its dominance in
the coming years. Nevertheless, the demand for omega-3 ingredients
from emerging regions such as Asia Pacific and Latin America is
expected to exhibit a significant rise in the coming years.
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