Omega 3 Ingredients Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2021
Albany, NY -- (SBWIRE) -- 07/23/2015 -- Transparency Market Research has published a new market report titled – Omega 3 Ingredients Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 - 2021. According to the report, the global omega 3 ingredients market was valued at USD 2,786.2 million in 2014 and is anticipated to reach USD 7,499.5 million by 2021, expanding at a CAGR of 15.2% from 2015 to 2021. North America dominated the global omega 3 ingredients market in 2014 and is expected to maintain its leading position over the forecast period. Growing consumer health consciousness and awareness towards consuming food products enriched with omega 3 ingredients is fueling the application of the omega 3 ingredients globally.
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Increasing consumer preference for healthy diet which is high in omega 3 coupled with changing lifestyle is boosting the demand for omega 3 ingredients globally. Moreover, rising consumer awareness towards benefits associated with omega 3 ingredients through various food products is propelling the demand for omega 3 ingredients across different regions. In addition, growing prevalence of high blood pressure and heart diseases is contributing in the growing popularity of omega 3 fatty acids.
Marine fish oil is a rich source of omega 3 fatty acids such as Docosahexaenoic acid (DHA) and Eicosapentaenoic acid (EPA). Fish oil lowers the triglyceride and blood pressure levels. Furthermore, diet high in omega 3 ingredients help with osteoarthritis and rheumatoid arthritis. Moreover, consuming diet high in omega 3 fatty acids reduces the incidences of asthma and psoriasis. With the growing consumer preference for healthy diet, manufacturers are focusing on increasing applications of omega 3 ingredients in food products for better health benefits. Rising disposable income and increasing consumer expenditure on healthy food products is driving the demand for omega 3 ingredients market globally.
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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 have strong global presence in omega 3 ingredients industry.
The Global omega 3 ingredients market has been segmented as follows:
Global Omega 3 Ingredients Market by Application Type
Supplements & Functional Foods
Pet & Animal Feed
Global Omega 3 Ingredients Market by Region
Middle East and Africa (MEA)
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