Booming nutrition industry and considerable emphasis on infant brain development has been the major driver for the usage of these Omega 3 PUFA nutrients in infant formula and baby food. In addition, mounting concern for cardiovascular health and availability of supplements and food targeted towards this health issue fuels the demand for Omega-3 ingredients.
Increasing discoveries of varied applications of Omega-3 ingredients in Pharmaceutical and Nutraceutical products to drive the market; Omega-3 ingredients market is estimated to reach $2,659 Million by 2020.
According to the latest market research report “Omega 3 PUFA Market: Type (DHA (docosahexaenoic acid), EPA (eicosapentaenoic acid), ALA (Alpha-linoleic acid)) Source (Marine, Plant) Form (Oils, Capsules, Powder) Application (Dietary Supplements, Pharmaceuticals, Infant Foods, F&B)-Forecast(2015-2020) published by IndustryARC, the omega 3 PUFA market to reach $2,659 million by 2020.
Browse 63 Market Tables, 21 Figures spread through 135 Pages and an in-depth TOC on “Omega-3 PUFA Market (2015 – 2020)”
Omega 3 Poly Unsaturated Fatty Acid (PUFA) is a type of essential fat which cannot be synthesized by human body which necessitates intake through food, as it is significant for enhancing metabolic activities such as cardiovascular and cognitive functions. Omega 3 has emerged as one of the potential nutritional ingredients for its usage in fortified food products, nutritive drinks, supplements and pharmaceuticals. Omega 3 ingredients have been gaining high traction in the food & beverages industry with the flourishing fortified products segment.
The ingredients are sourced from fish oils, microalgae (phytoplankton), plant sources such as flax seed, chia seed and walnut and others. Increasing demand for functional ingredients owing to rising health consciousness and consumer awareness has been contributing to the growth of omega-3 PUFA market at ingredient level as well as retail products industry. The Omega-3 PUFA market is segmented based on the basis of end-Use, ingredient type and geographic regions. The market is forecast to reach $2,659 Million by 2020.
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Consumption of Omega-3 fortified functional food and dietary supplements is set to increase owing to growing awareness regarding preventive health benefits of Omega-3 PUFA on cardiovascular ailments. Consumers are becoming significantly aware of the unhealthy diet and sedentary lifestyle; in order to meet the daily nutrient requirements and to prevent health issues, consumers have been preferring omega 3 laced dietary supplements. This trend of increasing demand for dietary supplements and pharmaceuticals applications is set to propel the market for Omega-3 PUFA ingredients and products in the near future.
Booming nutrition industry and considerable emphasis on infant brain development has been the major driver for the usage of these nutrients in infant formula and baby food. In addition, mounting concern for cardiovascular health and availability of supplements and food targeted towards this health issue fuels the demand for Omega-3 ingredients. Pharmaceutical drug manufacturers from all around the world are developing technologies to increase the concentration of these ingredients in their products.
Rapidly Ageing Population to Drive the Growth of Omega-3 PUFA Market
The amount of DHA present in the brain decreases with ageing, which leads to cognitive deficiencies. Reduced DHA also affects bone mineral density and causes cardiovascular problems, especially in older people. Consumption of Omega-3 ingredients such as EPA and DHA in the form of dietary supplements and high grade pharmaceuticals help elderly people to compensate the deficiency of these vital ingredients in everyday diet. The aging population segment is the major consumer of omega-3 PUFA ingredients based products as it reduces the risk of heart ailments and cognitive disorders. The rapidly aging population is set to propel the sales of omega-3 ingredients and end products.
According to a United Nations statistics, older people (aged 60 years or above) accounted for 9.2% of the total population in 1990 which increased to about 11.7% in 2013. This percentage share is further expected to grow up to 21.1% by 2050 hugely increasing the potential customer base. According to World Health Organization (WHO), cardiovascular diseases (CVDs) is the number one cause of deaths globally. As per WHO estimates, about 17.5 million people lost their lives owing to CVDs in 2012. About 75% of these deaths took place in lower and middle income countries.
Fish oils contain unsaturated fatty acids such as omega-3, these fatty acids reduces the inflammation and thereby reduces the probability of a heart disease. Omega-3 fatty acids reduce the amount of bad cholesterol [Low-density lipoprotein (LDL)], lower blood pressure as well as blood clotting. The varied benefits of omega-3 PUFAs on heart functions lead to the increasing intake of Omega-3 PUFA dietary supplements and fortified foods. In addition, omega 3 PUFA market has been constantly supported by innovation in sources of these ingredients and wide spread product availability in the retail chains. Thus, increasing concern on cardiovascular health coupled with rising awareness on benefits related to omega 3 consumption fuels the Omega 3 PUFA market growth.
Major end-use segments of Omega-3 PUFA ingredients are Infant formula, food & beverages, nutritional supplements, pharmaceutical & clinical nutrition and pet food. Nutritional supplements as an end-use application is the most dominant segment for these ingredients owing to higher demand from Asian countries for concentrated Omega-3 PUFA formulations. Pharmaceutical & Clinical Nutrition is the second dominant segment by value due to its increasing recommendation by doctors to the cardiovascular patients.
North America is the dominant market for Omega-3 PUFA ingredients and products; the ingredients demand market in North America is estimated to reach $1,173.3 Million by 2020 at a CAGR of 5.8% from 2015 to 2020. Heightened awareness and extensive demand for Omega-3 PUFA ingredients in China and Japan has placed APAC in second position. APAC market is set to witness brisk growth in the coming years owing to the growing awareness on benefits of Omega 3 products among consumers in developing nations.
Major players in this market include:
Koninklijke DSM N.V. (The Netherlands)
BASF SE (Germany)
FMC Corporation (U.S.)
Croda International Plc. (U.K.)
Omega Protein (U.S.)
Major players in the market are profiled in the report along with company strategies, developments, product range and financials are included in the report.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region.
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