Omega 3 fatty acids are polyunsaturated fatty acids. They are present in abundance in nature, and they play an important role in the human diet and human physiology it is mostly used as a source of omega 3 fatty acids since it has a relatively high content of eicosapentaenoic acid and docosahexaenoic in fish oil. Algal oil demand is increasing due to its benefits of improving joint, cardiovascular health, and fighting depression. Consumption of omega 3 fatty has the potential to curb the incidences of various diseases such as heart diseases, arthritis, and cancer. Also, it helps to reduce inflammation. Consumer inclination towards mono-unsaturated, poly-unsaturated fats from saturated fats, will open the avenue for the Omega 3 fatty acids market. Usage of omega 3 fatty acid in as an ingredient in infant formula and increasing application of poly-unsaturated fatty acids in foods & beverages and pharmaceuticals is also boosting the market for omega 3 ingredients. The increasing obesity problem is creating awareness for health, which is the rising demand for healthy snacks and hence the uplifting market of omega 3 ingredients. Geographically, North America holds a significant share in the global market, increasing disposable income and health awareness are the key factors for increasing demand in the region. Countries like the USA and Canada are also using omega 3 ingredients in animal and pet foods. With rapid urbanization and growing health awareness in Asia Pacific region, demand for omega 3 ingredients is boosting in the region.
The absence of recommended dietary intake standards and less awareness about types and benefits of fats among the consumer is a major challenge for the market. However, research on the benefits of fish oil and technological advancements like enhanced encapsulation of omega 3 ingredients are creating new opportunities for the market of omega 3 ingredients.
The “Omega 3 ingredients Market – Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, source application, and geography.
The Omega 3 ingredients market on segmented based on type, source, application, and geography. Based on type the market has been segmented into Eicosapentaenoic acid (EPA), Docosahexaenoic acid (DHA), and Alpha-linolenic acid (ALA). By source, the market has been segmented into Marine oil and Plant oil. By application, the market has been classified into Pharmaceuticals, Pet and Animal Feed, Supplements and Functional Foods, Infant Formulas, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Omega 3 ingredients market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Omega 3 ingredients market.
Eicosapentaenoic acid (EPA)
Docosahexaenoic acid (DHA)
Alpha-linolenic acid (ALA)
Pet and Animal Feed
Supplements and Functional foods
Middle East and Africa