Omega 3 Ingredients Market : Comprehensive study explores Huge Growth in Future

The global omega 3 ingredients market was valued at US$ 3.83 billion in 2016 and is expected to expand at a CAGR of 15% in terms of revenue during 2017 – 2027.

Omega 3 ingredients are naturally occurring polyunsaturated fatty acids and nutrients that are imperative for optimal human health. There are three types of omega 3 ingredients, namely, alpha-linoleic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). EPA and DHA are primarily extracted from fish and ALA is primarily extracted from plants sources such as seeds and nuts.

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Docosahexaenoic Acid (DHA) products accounted for the dominant segment in omega 3 ingredients market in 2016, according to Coherent Market Insights Analysis. EPA/DHA consumption is gaining traction over alpha linoleic acid (AHA) due to certain health benefits such as stabilizing blood pressure, reducing bad cholesterol, and coronary heart diseases.

Omega 3 fatty acids are basically extracted from fish, which includes fish oil extraction followed by refining of fish oil. Food industry is the largest user of the omega 3 polyunsaturated fatty acids, which are used to obtain omega 3 rich food products and in turn is expected to boost the market for omega 3 fatty acids during the forecast period.

Europe, followed by North America, and Asia Pacific, respectively accounted for major revenue shares in the global omega 3 ingredients market in 2016 and the trend is projected to remain the same over the forecast period. In 2016, North America held a market share of 28.1%, followed by Europe’s share of 27.6% in the omega 3 ingredients market.

Multinational players need to tap into the potential addressable market in emerging regions with the help of geographical expansion

Major players in the global Omega 3 Ingredients market include Koninklijke DSM NV, BASF SE, Croda International Plc., NU-MEGA Ingredients Pvt. Ltd., Pronova BioPharma ASA, Omega Protein Corporation, and Ocean Nutrition Canada Limited, among others.

Detailed Segmentation:

Global Omega 3 Ingredients Market, By Source:
Nuts and Seeds
Vegetable Oils
Marine
Soya

Global Omega 3 Ingredients Market, By Type:
ALA
DHA
EPA

Global Omega 3 Ingredients Market, By Application:
Infant Formula
Supplements & Functional Foods
Animal Feed
Pharmaceuticals
Others

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This release was published on openPR.