Global omega 3 ingredients market was valued at USD 2,786.2 million in 2014 and expected to reach USD 7,499.5 million by 2021, growing at a CAGR 15.2% over the forecast period. With the gradual flow of information regarding the benefits associated with consuming food products high in omega 3 is one of the prime factors fueling the demand for omega 3 ingredients globally.
Albany, NY -- (SBWIRE) -- 03/21/2016 -- Increasing demand for omega-3 fatty acids due to health benefits has boosted the growth of the global omega-3 ingredients market. The report offers a detailed study on the global omega-3 ingredients market and projects the growth and valuation of the market during the period between 2015 and 2021. The report points out the key factors impacting the growth of the market and opportunities for the market to grow in future. The report also analyzes the impact of Porter's five forces on the market's growth.
The report studies the global omega-3 ingredients market on the basis of applications and key geographical regions. The demand for omega-3 ingredients across various application segments has been projected and the growth of the market in key geographical regions has been assessed in the report. Describing the competitive landscape, the report profiles some of the key players in the global omega-3 ingredients market and provides insightful information about them.
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Overview of Global Omega-3 Ingredients Market
Increasing consumer health concerns and awareness regarding the benefits associated with the consumption of omega-3 fatty acids such as EPA and DHA are driving the demand from the global omega-3 ingredients market. Studies have proven that the consumption of omega-3 fatty acids prevents heart diseases, cancer, and arthritis. Cancers of the colon, prostrate, and breast can be prevented with the intake of omega-3 fatty acids. Further, omega-3 fatty acids play an important role in improving brain development in infants. All these factors are expected to drive the demand from the global omega-3 ingredients market.
However, the report points out that the low awareness about the types of fats and their benefits will hinder the growth of the global omega-3 ingredients market. Further, consumer perception about the taste and smell of omega-3 ingredients will also restrict the growth of the market. The report notes that the global omega-3 ingredients market has a huge opportunity to grow with improved technology and growing demand for omega-3 ingredients from Asia Pacific.
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On the basis of application, the report categorizes the global omega-3 ingredients market into infant formula, supplements and functional food, pharmaceuticals, pet and animal feed, and others. The report points out that the global omega-3 ingredients market will be driven by the demand from supplements and functional food application segment. The segment will dominate the market owing to growing awareness about the benefits of omega-3 enriched supplements and functional food. The report mentions that the infant formula application segment will register the fastest growth during the forecast horizon.
The report segments the global omega-3 ingredients market into five key regions: Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. North America dominates the overall omega-3 ingredients market owing to high disposable income and better healthcare infrastructure. However, during the forecast horizon, Asia Pacific is expected to emerge as the fastest growing omega-3 ingredients market.
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Companies Mentioned in the Research Report
Describing competitive landscape, the report profiles some of the key players of the global omega-3 ingredients market such as FMC Corporation, Arista Industries Inc., Copeinca ASA, PronovaBioPharma ASA, Omega Protein Corporation, Croda Inc., NU-MEGA Ingredients Pty Ltd., BASF SE, and Koninklijke DSM N.V. The report provides insightful information about the key players including financial overview, business strategy, and recent developments.
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