openPR Logo
Press release

Omega 3 Ingredients Market to Surpass US$ 13 Billion by 2025

06-08-2017 07:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Material and Chemcal

Omega 3 Ingredients Market to Surpass US$ 13 Billion by 2025

The Global Omega 3 Ingredients Market was valued at US$ 3.83 billion in 2016, according to a new report published by Coherent Market Insights. Omega 3 ingredients are naturally-occurring polyunsaturated fatty acids and nutrients that are essential for human health. There are three types of omega 3 ingredients, namely alpha-linoleic acid (ALA), eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA).

Increasing cardiovascular disease and growing demand for supplements, especially in North America and Europe is surging demand for DHA and EPA. Consumers are increasingly inclined towards food rich in omega 3 fatty and also supplements containing the acid, due to increasing awareness about the various health benefits associated with the same. Cold water fish are the primary source of omega 3 fatty acids and have various health benefits such effective treatment of hypertriglyceridemia and other cardiovascular diseases. This in turn creates a highly conducive environment for growth of the global omega-3 market.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/omega-3-ingredients-market-370

Average life expectancy worldwide during 2010–2013, was pegged at 71.0 years. Increasing life expectancy, in turn increases incidence of lifestyle and age-related diseases and conditions such as high blood pressure, diabetes, obesity, and cholesterol. Consumers across the world are looking to follow healthy lifestyles to ensure optimum calorie intake and nutrition to keep diseases at bay. This change in consumer lifestyle is characterized by increasing demand for omega 3 ingredients.

The U.S. and Japan are the largest markets for omega 3 ingredients. This is mainly attributed to high discretionary income and relatively high health awareness among the populace in these countries. China, India and Brazil are emerging economies that offer major potential for the omega 3 ingredients market. Germany and Israel have emerged as the key innovation hubs of the omega 3 ingredients industry. In Germany, the industry is driven by the joint venture of Royal DSM and Evonik in March 8, 2017, for omega 3 fatty acid products from natural marine algae for animal nutrition. This innovation will enable the production of omega 3 fatty acids for animal nutrition without using fish oil. Also, in May 6, 2014, AstraZeneca got approval of Epanova (omega 3 carboxylic acid), from U.S. Food and Drug Administration (FDA) which is used to lower the triglyceride level with severe hypertriglyceridemia.

Key takeaways of the market:

Asia-Pacific is projected to be the third-largest region in global Omega 3 Ingredients market. It accounted for around 27.64% of overall Omega 3 Ingredients market share in 2016. The growing demand for nutritious food is expected to be the key driver for the growth of Omega 3 Ingredients in the Asia-Pacific region.
The market in Latin America is expected to register steady growth rate over the forecast period. Rise in public awareness along with increasing intake of saturated fatty acids is expected to create lucrative growth opportunities for the players in this region.
Pharmaceuticals sector is one of the key industries for the use of Omega 3 Ingredients. Omega 3 ingredients research started as an epidemiologic curiosity which has generated the strongest dataset for nutrients in pharmaceuticals sector, primarily by reducing the risk of cardiovascular disease. To meet the dietary supplements and drugs, the advent of novel oils from single cell organisms and plants are enabled by biotechnology is expected to fuel the growth for omega 3 ingredients in pharmaceuticals. Also, omega 3 fatty acids helps in decreasing the triglycerides and fats deposited in the liver. For instance, BASF SE introduced Omacor, the first EU and FDA approved pharmaceuticals drug derived from omega 3 fatty acids.
Koninklijke DSM NV, BASF SE, Croda International Plc., NU-MEGA Ingredients Pty Ltd., Pronova BioPharma ASA, Omega Protein Corporation, and Ocean Nutrition Canada Limited among others are few of the key players in global Omega 3 Ingredients market.
Companies are also investing in expansions, mergers & acquisitions, and joint ventures in the market. For instance, in July 24, 2013, FMC Corporation acquired Epax Nautra Holding III AS and Epax UK Holding III AS, a market leading manufacturer of omega 3 fatty acid, which primarily deals with premium grade omega 3 fatty acid used in pharmaceuticals, nutraceuticals and food.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Omega 3 Ingredients Market to Surpass US$ 13 Billion by 2025 here

News-ID: 570724 • Views:

More Releases from Material and Chemcal

Emergency Luminaire Industry, to register high demand rate Worldwide: Top manufactures, challenges and Drivers by 2023
Emergency Luminaire Industry, to register high demand rate Worldwide: Top manufa …
Worldwide Market Reports added Latest Research Report titled “Global and Chinese Emergency Luminaire Industry, 2018 Market Research Report” to its Large Report database. The 'Global and Chinese Emergency Luminaire Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Emergency Luminaire industry with a focus on the Chinese market. The report provides key statistics on the market status of the Emergency Luminaire manufacturers
Emotion Detection and Recognition System Industry, 2023 Market Research Report
Emotion Detection and Recognition System Industry, 2023 Market Research Report
Worldwide Market Reports added Latest Research Report titled “Global and Chinese Emotion Detection and Recognition System Industry, 2018 Market Research Report” to its Large Report database. The 'Global and Chinese Emotion Detection and Recognition System Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Emotion Detection and Recognition System industry with a focus on the Chinese market. Request Sample Copy of the Business
Steel Sandwich Panels Market Expansion to be Persistent During 2022
Steel Sandwich Panels Market Expansion to be Persistent During 2022
Worldwide Market Reports added Latest Research Report titled “Europe Steel Sandwich Panels Market by Manufacturers, Countries, Type and Application, Forecast to 2022” to its Large Report database. Steel is one of the most common engineering materials in the world. It is a fundamental resource used in a variety of industries. Sandwich structure is an optimum design for transferring bending loads and it can lighten the weight of structure. ** The Values marked
Tool Steel Market: Moving Towards a Brighter Future
Tool Steel Market: Moving Towards a Brighter Future
Worldwide Market Reports added Latest Research Report titled “EMEA (Europe, Middle East and Africa) Cardiac Monitoring System Market Report 2018” to its Large Report database. Tool Steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Tool steels are notable for their hardness, resistance to abrasion and deformation. Today, tool steel is widely used in various specific tool applications like dies, cutting,

All 4 Releases


More Releases for Omega

Omega Project Review: Omega Project Honest Review: Omega Project
Omega Project Review: Is Aidan Booth's Course Worth Your Investment? In the ever-evolving landscape of online business and digital marketing, finding a course that truly delivers on its promises can be a daunting task. One name that frequently pops up in discussions is Aidan Booth, a seasoned entrepreneur known for his innovative approaches to online marketing. His latest venture, The Omega Project, has garnered significant attention. But does it live up
Omega-3, Omega-6, Omega-9 Market to see tremendous Growth Rate, with Intense Com …
The latest study released on the Global Omega-3, Omega-6, Omega-9 Market by HTF MI evaluates market size, trend, and forecast to 2029. The Omega-3, Omega-6, Omega-9 market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key
Omega-3, Omega-6, Omega-9 Market | Anti-Cancer, Auqi, BASF, Bioprocess Algae
The global omega-3, omega-6, omega-9 market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the omega-3, omega-6, omega-9 market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth
Omega-3, Omega-6, Omega-9 Market Growth Scenario (2022-2027)
An extensive elaboration of the Omega-3, Omega-6, Omega-9 Market strategy of the industry players in the precision of import/export consumption, supply and demand (2022-2027). The Omega-3, Omega-6, Omega-9 explores a comprehensive study on various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. Some
Omega-3, Omega-6, Omega-9 Market to Witness Huge Growth by Key Players: DSM, BAS …
The Omega-3, Omega-6, Omega-9 research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market's key players. Furthermore, the report offers insightful market data and information about the Omega-3,
Omega-3 API Market Growth to 2026: DSM, BASF, EPAX, Golden Omega, Solutex, Omega …
The Omega-3 API Market report proposes the forecast of the market by studying the market dynamics of the previous years. The report proposes the estimated market size and the expected global revenue for the forecast period of the Chemicals industry. It is the result of a detailed analysis of the market status, demands, growth factors, market drivers, growth rate, opportunities and limitations, risks, sales data, profit margin, channels, and distributors.