Press release
What's driving the Omega 3 Market Trends? Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS and Polaris.
Omega 3
The report on the global omega-3 market exclusively focuses on different types of omega-3, such as ALA, DHA, and EPA. The market is analyzed based on the different sources of omega-3 such as marine, nuts & seeds, vegetable oils, and others. The report also highlights various omega-3 applications, which include dietary supplement, pharmaceutical, infant formula, food & beverages, pet food, and fish feed. It analyzes the current omega-3 market trends in different geographies and suggests future growth opportunities.
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Rising demand from end users, and increasing awareness among consumers regarding healthy eating and health benefits of omega-3 are the key drivers of the global omega-3 market. The industry is constituted by ω-3 fatty acids market and n-3 fatty acids market segments which contribute significantly to the omega 3 fatty acids market size. However, stringent regulation barriers and high cost are likely to hinder the market growth. In addition, Asia-Pacific is projected to register significant growth as compared to the saturated markets of North America and Europe. The share of omega-3 fish oil market is expected to reduce, owing to the low cost of vegetative sources such as vegetable oil, nuts & seeds, and soya products. The production from these vegetative sources is expected to be commercialized from 2017.
Top Investment Pockets
Asia-Pacific is the most attractive region in the global omega-3 market and is expected to be the first preference for new entrants due to the increasing end-use applications in the region. Consumer awareness regarding the benefits of omega-3 has increased recently that has influenced its demand for omega-3. Europe is the second most attractive market for new entrants in the omega-3 industry, which is expected to grow at a CAGR of 14.5%.
Top players in the market are investing huge capital in R&D activities to develop enhanced products, in order to cater current demand. Some of the major players in the omega-3 industry are Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS and Polaris.
Global Omega 3 Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing demand from end users, rising awareness regarding healthy eating & health benefits of omega-3 among consumers and increasing investment in clinical research and development have been driving the global omega 3 market. On the other hand, strict regulation barriers and high cost might hamper the overall market at a global level.
Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Omega 3 Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Omega 3 Market Competitive Landscape
The “Global Omega 3 Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS and Polaris. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Application Insights
In terms of application, the omega 3 market is segregated into supplement & functional foods, pharmaceuticals, instant formulas, and pet & animal feed. Supplement & functional foods segment dominates the global market on account of various health benefits of the product, rising R&D initiatives, and increasing healthcare costs. Dietary supplements help maintain fitness and nutrient adequacy among adults and is thus projected to augment the consumption of omega 3 in dietary supplement products.
Supplement & functional foods also ensure the intake of important nutritional constituents. Rising occurrences of Cardiovascular Diseases (CVDs), especially between the age group of 30 to 40 years, owing to inactive lifestyle and fluctuating dietary patterns are projected to propel the demand for omega 3-based nutraceutical products. Growing awareness regarding the adverse health effects of calories is likely to promote the use of omega 3 in sports supplement & functional food products.
Regional Insights
Asia Pacific is expected to register the fastest CAGR over the forecast period. The region’s growth is driven by rising product demand in countries, such as China, India, and Australia. Wide usage of fish oil in daily diet, as well as increasing health awareness, is further augmenting the product demand. Growing cultivation of krill fish in the South China Sea and Indian Ocean is also expected to propel the overall market development. Increasing product utilization in the pharmaceutical industry coupled with growing R&D activities in North America is likely to drive the regional market. Moreover, rising consumption of improved medication is expected to propel the demand further in the region.
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