Market Research Reports

Omega 3 Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

81pages
Published Date: 2015-06-15
 

Description



Increasing consumer awareness about healthy eating and balanced diet is one of the major factors driving the demand for omega 3 ingredients globally. Algae, fish oil, krill and squid are rich source of omega 3 fatty acids such as EPA and DHA. With the rising consumer health consciousness and awareness regarding the benefits associated with the consumption of omega 3 fatty acids is driving the demand for omega 3 ingredients globally. Consumption of omega 3 fatty acids helps to prevent cancer, arthritis, and heart diseases. Furthermore, omega 3 fatty acids such as EPA and DHA also help in prevention of cancer of prostate, colon, and breast. Omega 3 fatty acids also play an important role in the development of brain and health of infants. Krill oil supplements play a vital role in the overall development of infants. Consumers have started to include food products enriched in omega 3 fatty acids due to increasing awareness about healthy food. Furthermore, consumption of diet enriched in omega 3 fatty acids on a day-to-day basis lowers inflammation, a major component in asthma.

The global omega 3 ingredients market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Omega 3 ingredients demand in these regions, based on revenue (USD million) and volume (Tons) are covered under the scope of this report. Additionally, current and future trends in the omega 3 ingredients market are covered in the report.

North America held the leading position in the global omega 3 ingredients market in 2014, followed by Europe and Asia Pacific. Increasing health awareness, rising disposable income, and growing consumer expenditure on healthy food products is positively affecting the demand for omega 3 ingredients globally. Increasing awareness about healthy lifestyle is boosting the demand for omega 3 ingredients in the Middle East and Africa and Latin America.

Supplements and functional food is the largest segment in terms of revenue and is expected to dominate the omega 3 ingredients market globally during the forecast period. . Rising information regarding the benefits associated with consuming omega 3 fatty acids enriched supplements and functional foods, is fueling the market for omega 3 ingredients globally. In addition, infant formulation segment is also showing promising growth in the omega 3 ingredients market globally. With the growing information regarding the benefits of omega 3 fatty acids, consumers are opting active omega 3 ingredients as a daily diet. Omega 3 fatty acids such as EPA, ALA and DHA are essential pet and animal health. Pets with auto-immune, inflammatory and allergic conditions are in need of omega 3 fatty acids. Supplements high in omega 3 fatty acids are beneficial for pets and animal health.

Omega 3 ingredients are primarily derived from fish oil. Consumer perception regarding smell and taste of fish oil is the major factor hampering the omega 3 ingredients market. Fish oil has a very distinct smell. Many people, especially in North America and Europe, refrain from using fish oil owing to its foul taste and smell. Technological advancement has enabled better encapsulation of omega 3 ingredients. This has resulted in higher scope for usage in various applications such as food and beverage industry.

Improvement in the standard of living is propelling the demand for omega 3 ingredients globally. Growth in health awareness is also driving the market for omega 3 ingredients globally. With the rising awareness for healthy living, consumers are showing preference for omega 3 supplements high in DHA and EPA fatty acids. Daily consumption of omega 3 supplements promotes the maintenance of good health condition. Furthermore, it is beneficial for brain function and cardiovascular health. Moreover, it is also beneficial for nerves, brain and eyes in adolescent and children.

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.

Table of Contents



Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
      1.2.1 Global omega 3 ingredients market segmentation, by application type and geography
1.3 Research scope
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Global Omega 3 Ingredients Market Revenue (USD Million) and Volume (Tons), 2014 - 2021
2.2 Global Omega 3 Ingredients Market Snapshot

Chapter 3 Omega 3 Ingredients Market Analysis
3.1 Introduction
      3.1.1 Market Definitions
3.2 Value Chain Analysis
3.3 Market Drivers
      3.3.1 Augmented Application Scope
      3.3.2 Increasing consumer health concerns
      3.3.3 Scientific evidence supporting health benefits
3.4 Restraints
      3.4.1 Low awareness of types of fats and their benefits
      3.4.2 Consumer perception of taste and smell
3.5 Opportunities
      3.5.1 Growth in Asia Pacific Market
      3.5.2 Improved Technology
3.6 Porter’s Five Forces Analysis
      3.6.1 Bargaining Power of Supplier
      3.6.2 Bargaining Power of Buyers
      3.6.3 Threat of New Entrants
      3.6.4 Threat from Substitutes
      3.6.5 Degree of Competition
3.7 Omega 3 Ingredients: Company Market Share Analysis
3.8 Omega 3 ingredients: market attractiveness analysis

Chapter 4 Omega 3 Ingredients Market – Application Segment Analysis
4.1 Global Omega 3 Ingredients Market, by Application: Overview
      4.1.1 Global omega 3 ingredients market, revenue share, by application type, 2014 and 2021
4.2 Omega 3 ingredients market by application
      4.2.1 Supplements and Functional Foods
             4.2.1.1 Omega 3 ingredients demand for dietary supplements and functional foods, volume and revenue, 2014 – 2021 (Tons), (USD Million)
      4.2.2 Pharmaceuticals
              4.2.2.1 Omega 3 ingredients demand in Pharmaceuticals market, volume and revenue, 2014 – 2021 (Tons) (USD Million)
      4.2.3 Infant formula
              4.2.3.1 Omega 3 ingredients demand for infant formula, volume and revenue, 2014 - 2021 (Tons), (USD Million)
      4.2.4 Pet and Animal Feed
              4.2.4.1 Omega 3 ingredients demand in Pet and Animal feed market, volume and revenue, 2014 - 2021 (Tons), (USD Million)
      4.2.5 Others
              4.2.5.1 Omega 3 ingredients demand in others market, volume and revenue, 2014 - 2021 (Tons), (USD Million)

Chapter 5 Global Omega 3 Ingredients Market -  Regional Analysis, 2014 - 2021
5.1 Market Overview
      5.1.1 Global Omega 3 Ingredients market revenue share, by geography, 2014 and 2021
5.2 North America
      5.2.1 North America Omega 3 ingredients market revenue, by application, 2014 – 2021 (USD Million)
      5.2.2 North America Omega 3 ingredients market volume, by application, 2014 – 2021 (Tons)
5.3 Europe
      5.3.1 Europe Omega 3 ingredients market revenue, by application, 2010 – 2018 (USD Million)
      5.3.2 Europe Omega 3 ingredients market volume, by application, 2010 – 2018 (Tons)
5.4 Asia Pacific
      5.4.1 Asia Pacific Omega 3 ingredients market revenue, by application, 2010 – 2018 (USD Million)
      5.4.2 Asia Pacific Omega 3 ingredients market volume, by application, 2010 – 2018 (Tons)
5.5 Middle East and Africa (MEA)
      5.5.1 Middle East and Africa (MEA) Omega 3 ingredients market revenue, by application, 2010 – 2018 (USD Million)
      5.5.2 Middle East and Africa (MEA) Omega 3 ingredients market volume, by application, 2010 – 2018 (Tons)
5.6 Latin America
      5.6.1 Latin America Omega 3 ingredients market revenue, by application, 2010 – 2018 (USD Million)
      5.6.2 Latin America Omega 3 ingredients market volume, by application, 2010 – 2018 (Tons)

Chapter 6 company profiles
6.1 Koninklijke DSM N.V.
      6.1.1 Company Overview
      6.1.2 Financial Overview
      6.1.3 Business Strategy
      6.1.4 Recent Developments
6.2 BASF SE
      6.2.1 Company Overview
      6.2.2 Financial Overview
      6.2.3 Business Strategy
      6.2.4 Recent Developments
6.3 Croda, Inc.
      6.3.1 Company Overview
      6.3.2 Financial Overview
      6.3.3 Business Strategy
      6.3.4 Recent Developments
6.4 NU-MEGA Ingredients Pty Ltd.
      6.4.1 Company overview
      6.4.2 Financial Overview
      6.4.3 Business Strategy
6.5 PronovaBioPharma ASA
      6.5.1 Company overview
      6.5.2 Financial Overview
      6.5.3 Business Strategy
      6.5.4 Recent Developments
6.6 Omega Protein Corporation
      6.6.1 Company overview
      6.6.2 Financial Overview
      6.6.3 Business Strategy
      6.6.4 Recent Developments
6.7 FMC Corporation
      6.7.1 Company overview
      6.7.2 Financial Overview
      6.7.3 Business Strategy
      6.7.4 Recent Developments
6.8 Copeinca ASA
      6.8.1 Company Overview
      6.8.2 Financial Overview
      6.8.3 Business Strategy
      6.8.4 Recent Developments
6.9 Arista Industries, Inc.
      6.9.1 Company Overview
      6.9.2 Financial Overview
      6.9.3 Business Strategy

List of Figures 

FIG. 1 Global Omega 3 Ingredients Market Segmentation, by Application Type and Geography
FIG. 2 Global omega 3 ingredients market revenue and volume, 2014 - 2021 (USD Million and Tons)
FIG. 3 Omega 3 Ingredients Value Chain
FIG. 4 Classification of fats
FIG. 5 Porter’s Five Forces Analysis
FIG. 6 Omega-3 fatty acids: Company market share analysis, 2014
FIG. 7 Omega 3 ingredients market, by application, 2014
FIG. 8 Global omega 3 ingredients market revenue share, by application type, 2014 and 2021
FIG. 9 Omega 3 ingredients demand for dietary supplements and functional foods, volume and revenue, 2014 – 2021 (Tons) (USD Million)
FIG. 10 Omega 3 ingredients demand in Pharmaceuticals market, volume and revenue, 2014 - 2021 (Tons), (USD Million)
FIG. 11 Omega 3 ingredients demand in Infant formula market, volume and revenue, 2014 - 2021 (Tons) (USD Million)
FIG. 12 Omega 3 ingredients demand in Pet and Animal feed market, volume and revenue, 2014 - 2021 (Tons), (USD Million)
FIG. 13 Omega 3 ingredients demand in others market, volume and revenue, 2014 - 2021 (Tons), (USD Million)
FIG. 14 Global Omega 3 ingredients market, revenue share, by geography, 2014 and 2021
FIG. 15 North America Omega 3 ingredients market revenue and volume, 2014 – 2021 (USD million and Tons)
FIG. 16 Europe Omega 3 ingredients market revenue and volume, 2014 – 2021 (USD million and Tons)
FIG. 17 Asia Pacific Omega 3 ingredients market revenue and volume, 2014 – 2021 (USD million and Tons)
FIG. 18 Middle East and Africa Omega 3 ingredients market revenue and volume, 2014 – 2021 (USD million and Tons)
FIG. 19 Latin America Omega 3 ingredients market revenue and volume, 2014 – 2021 (USD million and Tons)
FIG. 20 Annual Revenue of Koninklijke DSM N.V., 2012 - 2014 (USD Billion)
FIG. 21 Annual Revenue of BASF SE, 2012 - 2014 (USD Billion)
FIG. 22 Annual Revenue of Croda Inc, 2012 - 2014 (USD Billion)
FIG. 23 Annual Revenue of Omega Protein Corporation 2012 - 2014 (USD Billion)
FIG. 24 Annual Revenue of FMC Corporation 2012 - 2014 (USD Billion)
FIG. 25 Annual Revenue of Copeinca ASA 2012 - 2014 (USD Million)

List of Tables

TABLE 1 Global Omega 3 Ingredients Market Snapshot
TABLE 2 Health benefits offered by omega 3
TABLE 3 Concentration Levels
TABLE 4 Drivers of the omega 3 ingredients market: Impact Analysis
TABLE 5 Major health concerns and benefits of omega 3
TABLE 6 Restraints of the global omega 3 ingredients market: Impact analysis
TABLE 7 Opportunities of the global omega 3 ingredients market: Impact analysis
TABLE 8 North America Omega 3 Ingredients Market Revenue, By Application, 2014 – 2021 (USD Million)
TABLE 9 North America Omega 3 Ingredients Market Volume, By Application, 2014 – 2021 (Tons)
TABLE 10 Europe Omega 3 Ingredients Market Revenue, By Application, 2014 – 2021 (USD Million)
TABLE 11 Europe Omega 3 Ingredients Market Volume, By Application, 2014 – 2021 (Tons)
TABLE 12 Asia Pacific Omega 3 Ingredients Market Revenue, By Application, 2014 – 2021 (USD Million)
TABLE 13 Asia Pacific Omega 3 Ingredients Market Volume, By Application, 2014 – 2021 (Tons)
TABLE 14 Middle East and Africa (MEA) Omega 3 Ingredients Market Revenue, By Application, 2014 – 2021 (USD Million)
TABLE 15 Middle East and Africa (MEA) Omega 3 Ingredients Market Volume, By Application, 2014 – 2021 (Tons)
TABLE 16 Latin America Omega 3 Ingredients Market Revenue, By Application, 2014 – 2021 (USD Million)
TABLE 17 Latin America Omega 3 Ingredients Market Volume, By Application, 2014 – 2021(Tons)

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Free Market Analysis



Growing consumer health awareness and concern towards healthy lifestyle is leading to an increase in demand for omega 3 fatty acids such as EPA and DHA. Increasing incidence of heart related complications and other health issues are fueling the demand for omega 3 fatty acids. With the increasing interest towards maintaining a healthy diet is contributing to the growing popularity of omega 3 ingredients globally. Increasing preference for healthy food habits is driving the demand for omega 3 ingredients in North America, followed by Europe. 

With the gradual flow of information regarding the health benefits associated with consuming omega 3 enriched diets is driving market in Asia Pacific. With the rising health consciousness omega 3 ingredients market in Latin America and Middle East and Africa is expected to witness positive growth over the forecast period. Increasing health issues related to blood pressure, high triglyceride level are major concerning factors. In addition, heart related complexities are major drivers for the growing demand of omega 3 ingredients globally.

In addition, changing lifestyle coupled with increasing consumer preference for healthy diet is stimulating the demand for omega 3 fatty acids. With the rising health awareness, consumers are showing preference for supplements and functional food high in omega 3 fatty acids. Moreover, omega 3 fatty acids also play a crucial role in overall health development of infants. Apart from this, increasing concern towards healthy eating among the health consciousness consumers is leading to an increase in the demand for omega 3 ingredients across various regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

With the rising interest towards healthy eating is fueling the usage of omega 3 ingredients in supplements and functional food products, pharmaceutical and infant formulations. With the increasing efforts for avoiding health complexities related to high blood pressure and high triglyceride level is propelling the demand for omega 3 ingredients globally.

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.

global-omega-three-market


Increasing health consciousness and awareness is contributing in the growing popularity of omega 3 ingredients in Asia Pacific, followed by Latin America and Middle East and Africa. Growing prevalence of heart attack other heart related complexities is propelling the demand for omega 3 ingredients globally. Moreover, increasing disposable income and rising consumer expenditure on healthy food products is boosting the demand for omega 3 ingredients globally.
 

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