Global Omega 3 Ingredients Market to Grow at CAGR of 15.20% between 2015 and 2021 due to Increasing Consumer Awareness about Health Benefits.

A new research report published by Transparency Market Research gives a 360-degree overview of the global omega-3 ingredients market. The report, titled “Omega 3 Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021”, sheds light on the market drivers, restraints, opportunities, and threats. The report uses SWOT analysis and Porter’s five forces analysis to highlight the key elements of this market. Both these market measurement tools help in assessing the global omega 3 ingredients market accurately to produce a trustworthy document.

According to the research report, the global omega 3 ingredients market was valued at US$2.8 bn in 2014 and is expected to reach US$7.5 bn by the end of 2021, growing at a CAGR of 15.20% between 2015 and 2021. This growth will be attributable to the increasing consumer awareness about the health benefits of omega 3.

The global omega-3 ingredients market is segmented on the basis of application and region. The applications of omega-3 ingredients are seen in pharmaceuticals, infant formula, supplements and functional food, pet and animal feed, pharmaceuticals, and others. Geographically, this market is segmented into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.

In terms of application, the supplements and functional food segment is noted to be the strongest segment. According to analysts, this segment will retain its position in the market in the coming years as well. Its positive trajectory is the result of the several advantages omega-3-enriched supplements and functional foods offer to the human body. In addition to this, the segment of infant formula will also show a steady growth rate in the forecast period.

The research report on the global omega 3 ingredients market suggests that North America held a dominating position in the overall market in 2014. This stance can be justified as the consumers in this region are far more health-conscious and have better disposable incomes than their counterparts in other parts of the world. Additionally, the Middle East and Africa, Europe, Asia Pacific, and Latin America are the other notable markets in the global omega 3 ingredients market. In the coming years, analysts predict that the Asia Pacific region will witness a rapid growth rate out of all the regions due to improving disposable incomes and changing standards of living.

The important companies profiled in the research report pertaining to the global omega 3 ingredients market are Koninklijke DSM N.V., BASF SE, FMC Corporation, Copeinca ASA, Arista Industries Inc., PronovaBioPharma ASA, Croda Inc., Omega Protein Corporation, and NU-MEGA Ingredients Pty Ltd. The report gives an accurate analysis of the competitive landscape of the global omega 3 ingredients market. The report also shares details regarding the financial overview, research and development activities, business strategy, recent developments, and product portfolio of the major companies.

The global omega 3 ingredients market is segmented into:

By Application

Supplements and Functional Foods
Pharmaceuticals
Infant formula
Pet and Animal Feed
Others

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This release was published on openPR.