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Published Date: 2015-06-15Number of Pages: 81

Omega 3 Ingredients Market By Application ( Supplements and Functional Foods, Pharmaceuticals, Infant formula, Pet and Animal Feed) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

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.

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 these ingredients across different regions globally. Growth in this sector is primarily driven by rising consumer interest in fortified products and functional foods. 
North America dominates the market for omega 3 ingredients globally. Furthermore, rising consumer awareness about cholesterol control and technology advancement are certain factors contributing to the growth of the 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. 

Omega 3 ingredients are not only beneficial to treat heart disorders, but also assist in brain and nervous system development, which is critical in infants. The crucial role played by omega 3 fatty acids in the overall development of health particularly in infant formulations, is the major factor driving the growth of the omega 3 ingredients market. 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.

New product development and product features upgradation through research activities along with geographical expansion are some of the prime business strategies adopted by the major players in order to strengthen its foothold in this market globally. Joint ventures, strategic business alliances with different companies are among the key business strategies adopted by the leading market players in this market. New strategic partnership agreements help a company in gaining new resource capability. They also help in better market penetration by strengthening the product portfolio in a particular segment. Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Croda, Inc.(U.S.), NU-MEGA Ingredients Pty Ltd. (Australia), PronovaBioPharma ASA (Norway), Omega Protein Corporation (U.S.), FMC Corporation (U.S.),  Copeinca ASA (Peru), Arista Industries, Inc. (U.S.) are some of the major players operating in the omega 3 ingredients market globally. 

 

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)

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. 

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.

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.

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.

Major geographies analyzed under this research report are: 

  • Europe
  • North America
  • Asia Pacific 
  • Middle East and Africa
  • Latin America

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments