Global Omega 3 Ingredients Market: By Application (Pharmaceuticals, Pet and Animal Feed, Supplements and Functional Foods, Infant formula, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global omega 3 ingredients market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Outline: Omega 3 Ingredients Market
Omega 3 fatty acids are the good fats which are essential for optimal temperature. The two most important fatty acids for human health are eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), the highest levels are found in fish. Another omega-3 fatty that is considered good for health is α-linolenic acid (ALA), it is found in plant sources such as flaxseeds, chia seeds, and walnuts.
Market Dynamics: Omega 3 Ingredients Market
Increase in the prevalence of cardiovascular diseases is the key factor enhancing the growth of the omega 3 ingredients market. Rising health consciousness among the people is the attributing the growth of the market. Consumers keen towards omega 3 rich food is adding fuel for the growth of the market. Its application in various functional and food supplements is anticipating the growth of the omega 3 ingredients market. Increase in research and development activities are adding scope for the manufacturers in expansion. However, the stringent government regulations are likely to hamper the growth of the omega 3 ingredients market.
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Market Scope: Omega 3 Ingredients Market
Omega 3 ingredients market is segmented based on the application.
Based on the application, the market is segmented into the following:
- Pharmaceuticals
- Pet and Animal Feed
- Supplements and Functional Foods
- Infant formula
- Others
Regional Analysis: Omega 3 Ingredients Market
Geographically, global omega 3 ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America omega 3 ingredients market is the dominant market when compared with that of the other regional markets. Owing to the presence of various industries such as pharmaceutical industries and food industries, the growth of the omega 3 ingredients is found to have a significant growth in this region. The Europe region fall next to that of the North America in the global omega 3 ingredients market. The Asia Pacific omega 3 ingredients market is expected to grow exponentially in the forecasted period due to the presence of emerging economies such as China, Japan, and India.
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Competition Assessment: Omega 3 Ingredients Market
Some of the players in the global omega 3 ingredients market include:
- Simris Alg (Sweden)
- Algisys (U.S)
- Polaris (U.S)
- Terravia (Solazyme) (U.S)
- Bioceuticals (U.S)
- DSM Nutritional Products (Netherlands)
- Bioprocess Algae, Llc (U.S)
- Neptune Wellness Solutions (Canada)
- Source-Omega (U.S)
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Notable Market Developments: Omega 3 Ingredients Market
- In April 2018, Nordic Naturals introduces five new children’s products at natural products. The new products offer concentrated, triglyceride-form omega-3 fish oil in age-appropriate formulations for cognition, learning and attention, mood health, and more, plus a kid-friendly, fast-melt probiotic powder
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