Omega 3 Ingredients Market: Innovations and Advancements to Encourage Growth

Global Omega 3 Ingredients Market: Snapshot

The current application scope of omega 3 ingredients is expected to receive an overhaul over the coming years, as research and development efforts are able to make omega 3 ingredients that can be used in a wide array of food and beverage products. At the same time, the current foods and beverages that are enriched with omega 3 ingredients are finding a greater audience in emerging economies. A prime example of this would be the use of omega 3 fatty acids in infant formula. It is being made available in growing volumes in Asia Pacific, thereby significantly increasing the consumption of omega 3 ingredients in this region. 

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More and more people are becoming aware of the health benefits related to consuming omega 3 fatty acids on a regular basis. This has been possible on a global scale through the high level of urbanization in many countries. The urban population is easier to reach when it comes to nutritional supplements food additives and are also likely to fall prey to the diseases that can be avoided by consuming these supplements. Awareness is predominantly increased through marketing attempts as well as the publication of scientific studies. In the case of omega 3 fatty acids, research has shown that regular consumption can reduce the risks a person runs of suffering from skin and prostate cancer. EPA/DHA can also help reduce asthma severity and reduce bronchial inflammation. 

Despite these attempts, there is still a largely low awareness level among people when it comes to differentiating between fatty acids that are “good” and “bad” for consumption. There are several specifics in the use and intake of fatty acids that consumers need to be aware of, and at the moment the rate of awareness is considerably low. 

Owing to the factors, above, the global market for omega 3 ingredients is expected to reach a revenue of US$7.49 bn by 2021. In terms of revenue, from 2014 to 2021, this market is expected to witness a CAGR of 15.2%, and is projected to reach US$3.70 bn by the end of 2016. 

North America Consumption of Omega 3 Ingredients at All-time High 

Lifestyle changes have been the common factor among all regions that are showing an increase in the consumption rate of omega 3 ingredients. These include positive diet changes such as the inculcation of nutritional supplements or even the negative lifestyle choices that can increase risks of cancer and other diseases. Currently, the leading rate of consumption of omega 3 ingredients is done in North America, while Asia Pacific is showing massive improvements in consumption rates owing to intensifying urbanization drives and increasing disposable incomes. 

North America had taken up half of the global consumption of omega 3 ingredients in 2014 and is expected to stay close to its current share percentage till 2021. It is expected to lose a bit of share to the surging demand for omega 3 ingredients in Asia Pacific. 

Supplements and Functional Foods Continue Being Key Source of Omega 3 Fatty Acids 

By the end of 2021, it is expected that 52.2% of the global demand for omega 3 ingredients comes from supplements and functional foods. This is actually a reduction in share percentage from its older values, due to the gains in demand by other application segments. Both application segments of supplements and functional foods, and pharmaceuticals, are quite mature in terms of using omega 3 ingredients in products. They therefore enjoy a greater level of developments as well as product awareness. Meanwhile, the demand for omega 3 ingredients applications in infant formula and pet and animal feed are gaining steam, and are likely to continue doing so for the foreseeable future. 

The key players in the global market for omega 3 ingredients include Koninklijke DSM NV, BASF SE, Croda International Plc., NU-MEGA Ingredients Pty Ltd., Pronova BioPharma ASA, Omega Protein Corporation, and Ocean Nutrition Canada Limited.

Omega 3 Ingredients Market – Overview of Vital Industry Drivers

The global omega 3 ingredients market has a highly competitive vendor landscape owing to the numerous large and small players present in the market, observes Transparency Market Research. The business present in the market for several years and are relied on strategic alliance and collaborations acting as main factor for their growth. In 2014, BASF SE, Croda International Plc, and Koninklijke DSM N.V. were the most prominent players in the market as they held 48.2% of market share. Apart from them Omega Protein Corporation, PronovaBioPharma ASA, NU-MEGA Ingredients Pty Ltd., and Ocean Nutrition Canada Limited are some of the other players operating the global omega 3 ingredients market. It is also being observed that majority of the business are established in developed countries, however, the local players faced fierce competition from the large players present in the market.

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According to TMR, the global omega 3 ingredients market is projected to expand at 15.2% CAGR during the forecast period between 2015 and 2021. The global omega 3 ingredients market was worth US$3.70 bn in 2016 and is estimated to reach US$7.49 bn by the end of 2021.

Application of omega 3 ingredients is widely used in supplements and functional foods pharmaceuticals due to higher product awareness and greater level of developments. On the other hand, application of omega 3 ingredients in infant formula and pet and animal feed are also gaining traction and are expected to grow during the forecast tenure. Based on geography, in 2014, North America was responsible for half of the consumption of omega 3 ingredients and but it is projected that it may loss out few share due to increasing demand for omega 3 ingredients in Asia Pacific. The rising disposable income and strengthening urbanization has increased the consumption rate in Asia Pacific.

Globally the demand for omega 3 ingredient is high because of benefits associated with omega 3 acids that helps in treating diseases like prostate cancer, skin cancer, bronchial infections, and asthma. Meanwhile growing efforts in research and development activities that are making omega 3 ingredients used in wide variety of food and beverages products. Moreover, food and beverages that are rich in omega 3 ingredients are finding favorable audience in emerging economies.

Another factor responsible for the high demand for omega 3 ingredients is increasing awareness about the health benefits related with the consumption of omega 3 fatty acids regularly. Moreover, research has shown that regular consumption of omega 3 fatty acids can minimize the risk of a person suffering from prostate and skin cancer. Urbanization has also played a huge role in expand the reach of omega 3 ingredients, as people in these areas are easier to reach when it comes to nutritional supplements food additives and are also likely to fall victim to the diseases that can be avoided by consuming these supplements.

Limited Customer Base Who Can Attain Omega 3 Rich Food to Hamper Market Growth

Various underdeveloped and developing economies are face shortage of omega 3 rich food that directly hampers the market’s growth. Due to the poor availability of omega 3 rich food has decreased the customer base only to a limited segment on people who have the purchasing power, thus, this factor is expected to hamper the demand for omega 3 ingredients especially in developing economies. However, growing efforts by manufacturers to establish themselves and expand their business in developing economies may help in minimizing the above-mentioned factors and benefit the market in coming years.

Get more Information: https://www.prnewswire.com/news-releases/omega-3-ingredients-market---global-industry-analysis-size-share-growth-trends-and-forecast-2015---2021-demand-spurred-by-growing-health-concerns-tmr-594794301.html

Omega 3 Ingredients Market - Food & Beverages Industries have Emerged Growth

The global omega 3 ingredients market has a highly competitive vendor landscape owing to the numerous large and small players present in the market, observes Transparency Market Research. The business present in the market for several years and are relied on strategic alliance and collaborations acting as main factor for their growth. In 2014, BASF SE, Croda International Plc, and Koninklijke DSM N.V. were the most prominent players in the market as they held 48.2% of market share. Apart from them Omega Protein Corporation, PronovaBioPharma ASA, NU-MEGA Ingredients Pty Ltd., and Ocean Nutrition Canada Limited are some of the other players operating the global omega 3 ingredients market. It is also being observed that majority of the business are established in developed countries, however, the local players faced fierce competition from the large players present in the market.

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According to TMR, the global omega 3 ingredients market is projected to expand at 15.2% CAGR during the forecast period between 2015 and 2021. The global omega 3 ingredients market was worth US$3.70 bn in 2016 and is estimated to reach US$7.49 bn by the end of 2021.

Application of omega 3 ingredients is widely used in supplements and functional foods pharmaceuticals due to higher product awareness and greater level of developments. On the other hand, application of omega 3 ingredients in infant formula and pet and animal feed are also gaining traction and are expected to grow during the forecast tenure. Based on geography, in 2014, North America was responsible for half of the consumption of omega 3 ingredients and but it is projected that it may loss out few share due to increasing demand for omega 3 ingredients in Asia Pacific. The rising disposable income and strengthening urbanization has increased the consumption rate in Asia Pacific.

Globally the demand for omega 3 ingredient is high because of benefits associated with omega 3 acids that helps in treating diseases like prostate cancer, skin cancer, bronchial infections, and asthma. Meanwhile growing efforts in research and development activities that are making omega 3 ingredients used in wide variety of food and beverages products. Moreover, food and beverages that are rich in omega 3 ingredients are finding favorable audience in emerging economies.

Another factor responsible for the high demand for omega 3 ingredients is increasing awareness about the health benefits related with the consumption of omega 3 fatty acids regularly. Moreover, research has shown that regular consumption of omega 3 fatty acids can minimize the risk of a person suffering from prostate and skin cancer. Urbanization has also played a huge role in expand the reach of omega 3 ingredients, as people in these areas are easier to reach when it comes to nutritional supplements food additives and are also likely to fall victim to the diseases that can be avoided by consuming these supplements.

Limited Customer Base Who Can Attain Omega 3 Rich Food to Hamper Market Growth

Various underdeveloped and developing economies are face shortage of omega 3 rich food that directly hampers the market’s growth. Due to the poor availability of omega 3 rich food has decreased the customer base only to a limited segment on people who have the purchasing power, thus, this factor is expected to hamper the demand for omega 3 ingredients especially in developing economies. However, growing efforts by manufacturers to establish themselves and expand their business in developing economies may help in minimizing the above-mentioned factors and benefit the market in coming years.

Get more Information: https://www.prnewswire.com/news-releases/omega-3-ingredients-market---global-industry-analysis-size-share-growth-trends-and-forecast-2015---2021-demand-spurred-by-growing-health-concerns-tmr-594794301.html

Omega 3 Ingredients Market:Increasing Awareness about the Health Benefits to Boost Market

The global omega 3 ingredients market has a highly competitive vendor landscape owing to the numerous large and small players present in the market, observes Transparency Market Research. The business present in the market for several years and are relied on strategic alliance and collaborations acting as main factor for their growth. In 2014, BASF SE, Croda International Plc, and Koninklijke DSM N.V. were the most prominent players in the market as they held 48.2% of market share. Apart from them Omega Protein Corporation, PronovaBioPharma ASA, NU-MEGA Ingredients Pty Ltd., and Ocean Nutrition Canada Limited are some of the other players operating the global omega 3 ingredients market. It is also being observed that majority of the business are established in developed countries, however, the local players faced fierce competition from the large players present in the market.

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According to TMR, the global omega 3 ingredients market is projected to expand at 15.2% CAGR during the forecast period between 2015 and 2021. The global omega 3 ingredients market was worth US$3.70 bn in 2016 and is estimated to reach US$7.49 bn by the end of 2021.

Application of omega 3 ingredients is widely used in supplements and functional foods pharmaceuticals due to higher product awareness and greater level of developments. On the other hand, application of omega 3 ingredients in infant formula and pet and animal feed are also gaining traction and are expected to grow during the forecast tenure. Based on geography, in 2014, North America was responsible for half of the consumption of omega 3 ingredients and but it is projected that it may loss out few share due to increasing demand for omega 3 ingredients in Asia Pacific. The rising disposable income and strengthening urbanization has increased the consumption rate in Asia Pacific.

Globally the demand for omega 3 ingredient is high because of benefits associated with omega 3 acids that helps in treating diseases like prostate cancer, skin cancer, bronchial infections, and asthma. Meanwhile growing efforts in research and development activities that are making omega 3 ingredients used in wide variety of food and beverages products. Moreover, food and beverages that are rich in omega 3 ingredients are finding favorable audience in emerging economies.

Another factor responsible for the high demand for omega 3 ingredients is increasing awareness about the health benefits related with the consumption of omega 3 fatty acids regularly. Moreover, research has shown that regular consumption of omega 3 fatty acids can minimize the risk of a person suffering from prostate and skin cancer. Urbanization has also played a huge role in expand the reach of omega 3 ingredients, as people in these areas are easier to reach when it comes to nutritional supplements food additives and are also likely to fall victim to the diseases that can be avoided by consuming these supplements.

Limited Customer Base Who Can Attain Omega 3 Rich Food to Hamper Market Growth

Various underdeveloped and developing economies are face shortage of omega 3 rich food that directly hampers the market’s growth. Due to the poor availability of omega 3 rich food has decreased the customer base only to a limited segment on people who have the purchasing power, thus, this factor is expected to hamper the demand for omega 3 ingredients especially in developing economies. However, growing efforts by manufacturers to establish themselves and expand their business in developing economies may help in minimizing the above-mentioned factors and benefit the market in coming years.

Get more Information: https://www.prnewswire.com/news-releases/omega-3-ingredients-market---global-industry-analysis-size-share-growth-trends-and-forecast-2015---2021-demand-spurred-by-growing-health-concerns-tmr-594794301.html

Increasing Applicability of Omega 3 Ingredients Supplements to flourish the demand for the Market

The global omega 3 ingredients market has a highly competitive vendor landscape owing to the numerous large and small players present in the market, observes Transparency Market Research. The business present in the market for several years and are relied on strategic alliance and collaborations acting as main factor for their growth. In 2014, BASF SE, Croda International Plc, and Koninklijke DSM N.V. were the most prominent players in the market as they held 48.2% of market share. Apart from them Omega Protein Corporation, PronovaBioPharma ASA, NU-MEGA Ingredients Pty Ltd., and Ocean Nutrition Canada Limited are some of the other players operating the global omega 3 ingredients market. It is also being observed that majority of the business are established in developed countries, however, the local players faced fierce competition from the large players present in the market.

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According to TMR, the global omega 3 ingredients market is projected to expand at 15.2% CAGR during the forecast period between 2015 and 2021. The global omega 3 ingredients market was worth US$3.70 bn in 2016 and is estimated to reach US$7.49 bn by the end of 2021.

Application of omega 3 ingredients is widely used in supplements and functional foods pharmaceuticals due to higher product awareness and greater level of developments. On the other hand, application of omega 3 ingredients in infant formula and pet and animal feed are also gaining traction and are expected to grow during the forecast tenure. Based on geography, in 2014, North America was responsible for half of the consumption of omega 3 ingredients and but it is projected that it may loss out few share due to increasing demand for omega 3 ingredients in Asia Pacific. The rising disposable income and strengthening urbanization has increased the consumption rate in Asia Pacific.

Increasing Awareness about the Health Benefits to Boost Market Growth

Globally the demand for omega 3 ingredient is high because of benefits associated with omega 3 acids that helps in treating diseases like prostate cancer, skin cancer, bronchial infections, and asthma. Meanwhile growing efforts in research and development activities that are making omega 3 ingredients used in wide variety of food and beverages products. Moreover, food and beverages that are rich in omega 3 ingredients are finding favorable audience in emerging economies.

Another factor responsible for the high demand for omega 3 ingredients is increasing awareness about the health benefits related with the consumption of omega 3 fatty acids regularly. Moreover, research has shown that regular consumption of omega 3 fatty acids can minimize the risk of a person suffering from prostate and skin cancer. Urbanization has also played a huge role in expand the reach of omega 3 ingredients, as people in these areas are easier to reach when it comes to nutritional supplements food additives and are also likely to fall victim to the diseases that can be avoided by consuming these supplements.

Limited Customer Base Who Can Attain Omega 3 Rich Food to Hamper Market Growth

Various underdeveloped and developing economies are face shortage of omega 3 rich food that directly hampers the market’s growth. Due to the poor availability of omega 3 rich food has decreased the customer base only to a limited segment on people who have the purchasing power, thus, this factor is expected to hamper the demand for omega 3 ingredients especially in developing economies. However, growing efforts by manufacturers to establish themselves and expand their business in developing economies may help in minimizing the above-mentioned factors and benefit the market in coming years.

Get more Information: https://www.prnewswire.com/news-releases/omega-3-ingredients-market---global-industry-analysis-size-share-growth-trends-and-forecast-2015---2021-demand-spurred-by-growing-health-concerns-tmr-594794301.html

Omega 3 Ingredients Market Expected to Grow up to US$7.49 bn by 2021

The global omega 3 ingredients market portrays the presence of a highly competitive vendor landscape, thanks to existence of numerous players who are keen to expand their respective businesses through effective strategies, says Transparency Market Research on the basis of a recently published report. Most businesses have been present in this market for numerous years, and have relied on strategic mergers & applications as a key tool for attracting success. A majority of businesses are established in well-developed economies. The local players experience a substantial cutthroat competition due to the larger and bigger players operating in the market.

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Of all the players operating in the global omega 3 ingredients market, Croda International Plc., BASF SE, and Koninklijke DSM N.V. are the most prominent ones as they generated a collective market share of 48.2% in 2014. PronovaBioPharma ASA, NU-MEGA Ingredients Pty Ltd., Omega Protein Corporation, and Ocean Nutrition Canada Limited are some of the other players operating in the global omega 3 ingredients market, apart from the ones mentioned earlier.

The global omega 3 ingredients market had raked in a revenue worth US$3.70 bn by 2016, which is further expected to grow up to US$7.49 bn by 2021. This growth is expected to occur owing to a stellar CAGR of 15.2% expected to occur from 2015 to 2021.

Higher Consumption of Omega 3 Rich Foods Boosts Market’s Expansion

An increasing rate of consumption of foods rich in omega proteins is one of the foremost factors that have been driving the global omega 3 ingredients market. This is mainly due to a rising awareness of health benefits associated with omega 3 acids, especially for treating diseases such as skin cancer, prostate cancer, asthma, and bronchial infections. Rapid urbanization has led towards an increase in number of people taking part in fitness-based activities. This has subsequently caused them to prefer nutrition in the form of omega 3 acids, thus making them consume foods rich in such nutrients, ultimately propelling growth in the global omega 3 ingredients market.

Less Availability of Omega 3 Rich Foods in Emerging Economies Dampens Growth

However, shortage of omega 3 rich foods in several underdeveloped and developing economies is highly restraining the market’s growth. Such a poor availability has caused a small consumer base who have can purchase these foods in these regions thereby leading towards a less awareness to exist. Large scale manufacturing of omega 3 rich foods is also a prime obstacle affecting the global omega 3 ingredients market. However, a rising interest is being showcased by several notable players to bring about a concrete establishment in such regions. This is expected to offset the restraints affecting the global omega 3 ingredients market up a certain extent during forthcoming years.

Omega 3 Ingredients Market: Higher Consumption of Omega 3 Rich Foods Boosts Market’s Expansion

The global omega 3 ingredients market portrays the presence of a highly competitive vendor landscape, thanks to existence of numerous players who are keen to expand their respective businesses through effective strategies, says Transparency Market Research on the basis of a recently published report. Most businesses have been present in this market for numerous years, and have relied on strategic mergers & applications as a key tool for attracting success. A majority of businesses are established in well-developed economies. The local players experience a substantial cutthroat competition due to the larger and bigger players operating in the market.

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Of all the players operating in the global omega 3 ingredients market, Croda International Plc., BASF SE, and Koninklijke DSM N.V. are the most prominent ones as they generated a collective market share of 48.2% in 2014. PronovaBioPharma ASA, NU-MEGA Ingredients Pty Ltd., Omega Protein Corporation, and Ocean Nutrition Canada Limited are some of the other players operating in the global omega 3 ingredients market, apart from the ones mentioned earlier.

The global omega 3 ingredients market had raked in a revenue worth US$3.70 bn by 2016, which is further expected to grow up to US$7.49 bn by 2021. This growth is expected to occur owing to a stellar CAGR of 15.2% expected to occur from 2015 to 2021.

Higher Consumption of Omega 3 Rich Foods Boosts Market’s Expansion

An increasing rate of consumption of foods rich in omega proteins is one of the foremost factors that have been driving the global omega 3 ingredients market. This is mainly due to a rising awareness of health benefits associated with omega 3 acids, especially for treating diseases such as skin cancer, prostate cancer, asthma, and bronchial infections. Rapid urbanization has led towards an increase in number of people taking part in fitness-based activities. This has subsequently caused them to prefer nutrition in the form of omega 3 acids, thus making them consume foods rich in such nutrients, ultimately propelling growth in the global omega 3 ingredients market.

Less Availability of Omega 3 Rich Foods in Emerging Economies Dampens Growth

However, shortage of omega 3 rich foods in several underdeveloped and developing economies is highly restraining the market’s growth. Such a poor availability has caused a small consumer base who have can purchase these foods in these regions thereby leading towards a less awareness to exist. Large scale manufacturing of omega 3 rich foods is also a prime obstacle affecting the global omega 3 ingredients market. However, a rising interest is being showcased by several notable players to bring about a concrete establishment in such regions. This is expected to offset the restraints affecting the global omega 3 ingredients market up a certain extent during forthcoming years.

Omega 3 Ingredients Market Poised for Steady Growth in the Future

The leading players in the global omega 3 ingredients market for 2014 – Croda International Plc., BASF SE, and Koninklijke DSM N.V. – generated a collective share of 48.2% based on value. According to a research report released by Transparency Market Research, a majority of the top players in the global omega 3 ingredients market have been present for a long time already and therefore own a rich history of business strategy adoptions as well as consolidation efforts, including mergers and acquisitions.

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As stated in the TMR research report, the competitive landscape of the global omega 3 ingredients market is likely to remain very intense till 2021. The market is highly concentrated in developed economies as compared to the emerging ones. Moreover, the leading entities in the market play a massive role in the development of the market, leaving minimal scope of growth for regional players or new entrants. The general threat from new entrants is additionally predicted to remain low over the coming years, a factor attributed to the tall entry barriers and the general lack of consumer awareness in untapped regions. The TMR report reveals that the global omega 3 ingredients market is expected to generate a revenue of US$7.49 bn by 2021. It is projected at a CAGR of 15.2% from 2015 to 2021 and is predicted to reach US$3.70 bn before the end of 2016.

North America Demand for Omega 3 Ingredients on Upswing

From a regional perspective, North America has reigned supreme in the global omega 3 ingredients market over the past years and is very likely to remain in the lead over the coming years. This region has been the top consumer for EPA/DHA, with a giant share of this demand emanating from the segments of pharmaceuticals and supplements. Despite already holding a high volume of demand, North America is expected to show a very solid growth rate over the coming years. Meanwhile, Europe and Asia Pacific are expected to show a slow but sure growth rate in demand due to slowly increasing awareness rates.

Supplements and functional foods have consistently been the leading application segment in omega 3 ingredients. By the end of 2021, this segment is expected to accrue a total revenue of US$3.91 bn.

Health Concerns on the Rise, Spur Demand for Nutritive Foods

“One of the key factors promoting the growth of the global omega 3 ingredients market is the increasing rate of awareness regarding the choices that individuals are making in food and beverage consumption, as well as demanding for clear knowledge of the nutritive qualities of a food. Omega 3, as an example, reduces the health risks of a consumer in terms of skin cancer of prostate cancer. Studies also show omega 3 acids to be effective in the treatment of asthma and bronchial infections. The number of consumers of nutritive additives and ingredients is also much higher in urban areas than otherwise, primarily due to the already high and further growing levels of awareness among the urban populace. They are also more exposed to the marketing efforts put in place to promote the sales of nutritive ingredients,” states a TMR analyst.

Many Regions Still Untapped

The current scenario of opportunities in the global omega 3 ingredients market is, unfortunately, largely restricted to developed economies. This means that a massive percentage of the global population is still far from being a consistent consumer base for this market. Factors for this include the extremely low rate of awareness among consumers in these regions and the absence of large scale manufacturing. Over time, these regions are expected to turn from low opportunity to high opportunity, due to the increasing urban populations, rising disposable incomes, and the growing interest shown by globally prominent players from the market.

Omega 3 Ingredients Market: Expected to Reach a Revenue of US$7.49 bn by 2021

Global Omega 3 Ingredients Market: Snapshot

The current application scope of omega 3 ingredients is expected to receive an overhaul over the coming years, as research and development efforts are able to make omega 3 ingredients that can be used in a wide array of food and beverage products. At the same time, the current foods and beverages that are enriched with omega 3 ingredients are finding a greater audience in emerging economies. A prime example of this would be the use of omega 3 fatty acids in infant formula. It is being made available in growing volumes in Asia Pacific, thereby significantly increasing the consumption of omega 3 ingredients in this region.

Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=745

More and more people are becoming aware of the health benefits related to consuming omega 3 fatty acids on a regular basis. This has been possible on a global scale through the high level of urbanization in many countries. The urban population is easier to reach when it comes to nutritional supplements food additives and are also likely to fall prey to the diseases that can be avoided by consuming these supplements. Awareness is predominantly increased through marketing attempts as well as the publication of scientific studies. In the case of omega 3 fatty acids, research has shown that regular consumption can reduce the risks a person runs of suffering from skin and prostate cancer. EPA/DHA can also help reduce asthma severity and reduce bronchial inflammation.

Despite these attempts, there is still a largely low awareness level among people when it comes to differentiating between fatty acids that are “good” and “bad” for consumption. There are several specifics in the use and intake of fatty acids that consumers need to be aware of, and at the moment the rate of awareness is considerably low.

Owing to the factors, above, the global market for omega 3 ingredients is expected to reach a revenue of US$7.49 bn by 2021. In terms of revenue, from 2014 to 2021, this market is expected to witness a CAGR of 15.2%, and is projected to reach US$3.70 bn by the end of 2016.

North America Consumption of Omega 3 Ingredients at All-time High

Lifestyle changes have been the common factor among all regions that are showing an increase in the consumption rate of omega 3 ingredients. These include positive diet changes such as the inculcation of nutritional supplements or even the negative lifestyle choices that can increase risks of cancer and other diseases. Currently, the leading rate of consumption of omega 3 ingredients is done in North America, while Asia Pacific is showing massive improvements in consumption rates owing to intensifying urbanization drives and increasing disposable incomes.

North America had taken up half of the global consumption of omega 3 ingredients in 2014 and is expected to stay close to its current share percentage till 2021. It is expected to lose a bit of share to the surging demand for omega 3 ingredients in Asia Pacific.

Supplements and Functional Foods Continue Being Key Source of Omega 3 Fatty Acids

By the end of 2021, it is expected that 52.2% of the global demand for omega 3 ingredients comes from supplements and functional foods. This is actually a reduction in share percentage from its older values, due to the gains in demand by other application segments. Both application segments of supplements and functional foods, and pharmaceuticals, are quite mature in terms of using omega 3 ingredients in products. They therefore enjoy a greater level of developments as well as product awareness. Meanwhile, the demand for omega 3 ingredients applications in infant formula and pet and animal feed are gaining steam, and are likely to continue doing so for the foreseeable future.

The key players in the global market for omega 3 ingredients include Koninklijke DSM NV, BASF SE, Croda International Plc., NU-MEGA Ingredients Pty Ltd., Pronova BioPharma ASA, Omega Protein Corporation, and Ocean Nutrition Canada Limited.

Omega 3 Ingredients Market Growing at a Healthy Rate

Koninklijke DSM N.V., BASF SE, and Croda International Plc. – the three leading companies for omega 3 ingredients in 2014 – held a collective share of 48.2% in terms of market value. Most of the key omega 3 ingredients manufacturers have been in the market for a long time and possess a history of business consolidation through various business strategies and mergers and acquisitions.

As stated in a research report released by Transparency Market Research, the competitive intensity in the global market for omega 3 ingredients is expected to remain very high till 2021. The market is extremely concentrated in developed economies and relatively sparser in emerging ones. Additionally, the key players hold a large part of the market share, leaving little scope for regional players or new entrants to prosper in the market. The overall threat from new entrants is also expected to remain very low over the coming years, owing to the high entry barriers and the overall lack of consumer awareness in untapped regions.

The global market for omega 3 ingredients is expected to generate a revenue of US$7.49 bn by 2021. It is projected at a CAGR of 15.2% from 2015 to 2021 and is predicted to reach US$3.70 bn before the end of 2016. Supplements and functional foods have consistently been the leading application segment in omega 3 ingredients. By the end of 2021, this segment is expected to accrue a total revenue of US$3.91 bn.

North America Pushes Demand for Omega 3 Fatty Acids

By the end of 2021, North America is expected to generate US$3.62 bn in revenue from the demand for omega 3 ingredients. It is the dominant region in the world for EPA/DHA consumption since quite a few years and is expected to remain at the top till 2021. A large portion of this region’s omega 3 ingredients demand comes from supplements and pharmaceuticals, but there is a strong growth rate in the demand for omega 3 ingredients in infant formula as well.

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Comparatively, the demand for omega 3 ingredients in Europe is much lower due to a lower rate of awareness. The awareness level reduces even further in the case of Asia Pacific. However, both regions are showing immense potential due to a gradual improvement in the flow of nutritional information within urban areas.

Omega 3 Ingredients Demand Spurred by Growing Health Concerns

“At the moment, the primary driver boosting the demand for omega 3 ingredients is the growing level of concern over physical health. People are becoming increasingly aware of the high rate of diseases such as cancer and asthma around the world and are looking for ways to mitigate the risks of contracting them. One of the proven ways to do so is the regular consumption of DHA/EPA. Both fatty acids are known to reduce the chances of a person falling prey to prostate or skin cancer, and are also known to abate bronchial inflammation and asthma,” states a TMR analyst.

The growing consumer awareness is attributed to the increasing marketing efforts put in by nutrition companies, along with the release of scientific research which proves the benefits of consuming omega 3 fatty acids.

EPA/DHA Consumption Still Marred by Low Awareness

There is still, however, a large percentage of population in the world that is not aware of the benefits of omega 3 fatty acids. They still cannot differentiate between fatty acids that are beneficial or harmful when consumed. The overall public opinion of all fatty acids therefore remains negative. This can be dismissed by increasing awareness efforts through drives and other activities.

“Manufacturers of omega 3 ingredients can look to Asia Pacific for future endeavors. This region is ripe with a large number of consumers in urban areas that have positive disposable income. As the awareness of omega 3 fatty acid benefits spread, so will the demand for them in this region,” adds the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Omega 3 Ingredients Market By Application (Supplements and Functional Foods, Pharmaceuticals, Infant formula, Pet and Animal Feed) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

Key Takeaways:

• Global demand for omega 3 ingredients expected to fetch US$7.49 bn in revenue by 2021.
• Total revenue in supplements and functional foods by 2021 expected to reach US$3.91 bn.
• North America expected to generate US$3.62 bn in omega 3 ingredients revenue by 2021.

Omega 3 Ingredients in High Demand as Awareness of Health Benefits Increases, reports TMR

Koninklijke DSM N.V., BASF SE, and Croda International Plc. – the three leading companies for omega 3 ingredients in 2014 – held a collective share of 48.2% in terms of market value. Most of the key omega 3 ingredients manufacturers have been in the market for a long time and possess a history of business consolidation through various business strategies and mergers and acquisitions.

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As stated in a research report released by Transparency Market Research, the competitive intensity in the global market for omega 3 ingredients is expected to remain very high till 2021. The market is extremely concentrated in developed economies and relatively sparser in emerging ones. Additionally, the key players hold a large part of the market share, leaving little scope for regional players or new entrants to prosper in the market. The overall threat from new entrants is also expected to remain very low over the coming years, owing to the high entry barriers and the overall lack of consumer awareness in untapped regions.

The global market for omega 3 ingredients is expected to generate a revenue of US$7.49 bn by 2021. It is projected at a CAGR of 15.2% from 2015 to 2021 and is predicted to reach US$3.70 bn before the end of 2016. Supplements and functional foods have consistently been the leading application segment in omega 3 ingredients. By the end of 2021, this segment is expected to accrue a total revenue of US$3.91 bn.

North America Pushes Demand for Omega 3 Fatty Acids

By the end of 2021, North America is expected to generate US$3.62 bn in revenue from the demand for omega 3 ingredients. It is the dominant region in the world for EPA/DHA consumption since quite a few years and is expected to remain at the top till 2021. A large portion of this region’s omega 3 ingredients demand comes from supplements and pharmaceuticals, but there is a strong growth rate in the demand for omega 3 ingredients in infant formula as well.

Comparatively, the demand for omega 3 ingredients in Europe is much lower due to a lower rate of awareness. The awareness level reduces even further in the case of Asia Pacific. However, both regions are showing immense potential due to a gradual improvement in the flow of nutritional information within urban areas.

Omega 3 Ingredients Demand Spurred by Growing Health Concerns

“At the moment, the primary driver boosting the demand for omega 3 ingredients is the growing level of concern over physical health. People are becoming increasingly aware of the high rate of diseases such as cancer and asthma around the world and are looking for ways to mitigate the risks of contracting them. One of the proven ways to do so is the regular consumption of DHA/EPA. Both fatty acids are known to reduce the chances of a person falling prey to prostate or skin cancer, and are also known to abate bronchial inflammation and asthma,” states a TMR analyst.

The growing consumer awareness is attributed to the increasing marketing efforts put in by nutrition companies, along with the release of scientific research which proves the benefits of consuming omega 3 fatty acids.

EPA/DHA Consumption Still Marred by Low Awareness

There is still, however, a large percentage of population in the world that is not aware of the benefits of omega 3 fatty acids. They still cannot differentiate between fatty acids that are beneficial or harmful when consumed. The overall public opinion of all fatty acids therefore remains negative. This can be dismissed by increasing awareness efforts through drives and other activities.

“Manufacturers of omega 3 ingredients can look to Asia Pacific for future endeavors. This region is ripe with a large number of consumers in urban areas that have positive disposable income. As the awareness of omega 3 fatty acid benefits spread, so will the demand for them in this region,” adds the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Omega 3 Ingredients Market By Application (Supplements and Functional Foods, Pharmaceuticals, Infant formula, Pet and Animal Feed) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

Key Takeaways:

• Global demand for omega 3 ingredients expected to fetch US$7.49 bn in revenue by 2021.
• Total revenue in supplements and functional foods by 2021 expected to reach US$3.91 bn.
• North America expected to generate US$3.62 bn in omega 3 ingredients revenue by 2021.

Omega 3 Ingredients Market is Expected to be Worth US$7.5 bn by 2021, Exhibiting a Robust 15.20% CAGR from 2015 to 2021

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.

Omega 3 Ingredients Market to Report Healthy Growth at 15.2% CAGR between 2015 and 2021

Growing consumer health awareness and concern towards healthy lifestyle is leading to an increase in demand for omega 3 fatty acids such as EPA and DHA. Increasing incidence of heart related complications and other health issues are fueling the demand for omega 3 fatty acids. With the increasing interest towards maintaining a healthy diet is contributing to the growing popularity of omega 3 ingredients globally. Increasing preference for healthy food habits is driving the demand for omega 3 ingredients in North America, followed by Europe.

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With the gradual flow of information regarding the health benefits associated with consuming omega 3 enriched diets is driving market in Asia Pacific. With the rising health consciousness omega 3 ingredients market in Latin America and Middle East and Africa is expected to witness positive growth over the forecast period. Increasing health issues related to blood pressure, high triglyceride level are major concerning factors. In addition, heart related complexities are major drivers for the growing demand of omega 3 ingredients globally.

In addition, changing lifestyle coupled with increasing consumer preference for healthy diet is stimulating the demand for omega 3 fatty acids. With the rising health awareness, consumers are showing preference for supplements and functional food high in omega 3 fatty acids. Moreover, omega 3 fatty acids also play a crucial role in overall health development of infants. Apart from this, increasing concern towards healthy eating among the health consciousness consumers is leading to an increase in the demand for omega 3 ingredients across various regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

With the rising interest towards healthy eating is fueling the usage of omega 3 ingredients in supplements and functional food products, pharmaceutical and infant formulations. With the increasing efforts for avoiding health complexities related to high blood pressure and high triglyceride level is propelling the demand for omega 3 ingredients globally.

With the gradual flow of information regarding the benefits associated with consuming food products high in omega 3 is one of the prime factors fueling the demand for these ingredients across different regions globally. Growth in this sector is primarily driven by rising consumer interest in fortified products and functional foods.

North America dominates the market for omega 3 ingredients globally. Furthermore, rising consumer awareness about cholesterol control and technology advancement are certain factors contributing to the growth of the market. Increasing health consciousness and awareness is contributing in the growing popularity of omega 3 ingredients in Asia Pacific, followed by Latin America and Middle East and Africa.

Omega 3 ingredients are not only beneficial to treat heart disorders, but also assist in brain and nervous system development, which is critical in infants. The crucial role played by omega 3 fatty acids in the overall development of health particularly in infant formulations, is the major factor driving the growth of the omega 3 ingredients market. Growing prevalence of heart attack other heart related complexities is propelling the demand for omega 3 ingredients globally. Moreover, increasing disposable income and rising consumer expenditure on healthy food products is boosting the demand for omega 3 ingredients globally.

New product development and product features upgradation through research activities along with geographical expansion are some of the prime business strategies adopted by the major players in order to strengthen its foothold in this market globally. Joint ventures, strategic business alliances with different companies are among the key business strategies adopted by the leading market players in this market. New strategic partnership agreements help a company in gaining new resource capability. They also help in better market penetration by strengthening the product portfolio in a particular segment. 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.