Omega 3 Ingredients Market
Omega 3 Ingredients Market (Ingredients - Alpha-Linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), Docosahexaneoic Acid (DHA); Application - Food and Beverages, Pharmaceutical & Nutraceutical, Infant Formula, Animal Feed; Source - Plant, Animal) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Press Release :
Omega 3 Ingredients Market: Outlook Remains Bright Attested by Regulatory Advocacy and Evident Health Benefits
Future shines bright for the omega 3 industry, after the EPA and DHA made first cut in obtaining the regulatory approval. TMR’s research finds that the demand for omega 3 foods is surging at an unprecedented pace, having garnered significant consumer appeal since 2014, and global sales of omega 3 ingredients were upward of US$ 4,500 Mn in 2018. Growing consumer inclination towards improving their immunity and overall wellbeing continues to be a broader influential aspect, however, slower regulatory approval is expected to stymie growth to a significant extent.
Omega 3 Ingredients – Newfound Appreciation of Scientific Evidence on Health Benefits drive Demand
The paradigm shift towards healthy food consumption, driven by rising chronic disease prevalence led by poor dietary habits. These technology-induced ingredients continue to gain popularity as effective food quality enhancers, thereby attracting the widening health-conscious demographic.
A slew of aspects including the emergence of new combination products, and the newfound appreciation of scientific evidence for omega 3 ingredients among consumers and healthcare professionals, has meant that the prebiotic ingredients market will witness sheer proliferation in the upcoming years. Although development and sales of omega 3 ingredients positioned specifically for dietary supplements lag behind variants such as amino acids, studies that back benefits of fatty acids for athletes are likely to advocate adoption. The study finds that demand for Eicosapentaenoic acid (EPA) and Docosahexaenoic acid (DHA) remains strong in omega 3 oil and seafood industry.
Omega 3 ingredients are becoming an indispensable part of the dietary supplements pyramid. While the growing consumer awareness continues to reap profits in the omega 3 ingredients market, suppliers are formulating strategies that highlight the preventive role of polyunsaturated fatty acids (PUFAs) in thwarting prevalence of chronic diseases. Numerous government initiatives to promote adequate intake of omega 3 ingredients are complementing the marketing efforts of stakeholders in the omega 3 ingredients market.
Omega 3 Ingredients Market – Adequacy of Sources Continue to Keep Supply Efficiency Intact
The focus of suppliers on maintaining a steady product supply continues to be a recuperative influencer of demand-side trends in the omega 3 ingredients market. The fish oil derived omega 3 ingredients continue to govern sales in the landscape – accounting for 90% sales approximately according to our research. Whereas, plant-derived omega 3 ingredients are likely to take the center stage abreast remarkable growth in the vegan trend, which consequentially propels the demand for vegan supplements.
Studies have attested the effectiveness of fish oil in alleviating symptoms of ADHD in children while improving their cognitive skills. Additionally, the two most popular omega 3 ingredients, namely, Eicosapentaenoic acid (EPA) and Docosahexaenoic acid (DHA) sourced from fish oil are linked with improving cognitive functions in infants and aging demographic alike. Such favorable researches continue to trigger higher adoption of omega 3 ingredients among the rapidly-growing health-conscious consumers.
Omega 3 Ingredients - Attractiveness of Developed Markets Endures
Consumers in developed markets have already embraced the health & wellness trends, and relevant consumption practices have been on an upsurge recently. As awareness of health benefits of omega 3 ingredients picks pace, such as consumption of PUFAs in regular diet, prospects of the omega 3 ingredients market in these economies remain bullish. Economic vigor of consumers backed by their willingness to spend more on health supplements, coupled with the advocacy of evident benefits associated with fish oil-derived omega 3 ingredients among leading regional regulators, continue to favor sales of omega 3 ingredients in these regions.
Global omega 3 ingredients market is primarily characterized by essence of a large number of multinational and regional companies. Multinational players with their extensive product portfolios hold significant share in the omega 3 ingredients market, while they aim in reaping profits by targeting of the large pool of health-conscious consumers in Europe and North America. The leverage of innovative technologies, such as PureMax, to strip impurities in oil and ensure the provision of quality products to consumers, remain key growth strategies of the omega 3 ingredients industry leaders.
The companies operating in the omega 3 ingredients market, as profiled in the study, include Marine Ingredients, LLC., Omega Protein Corporation, Copeinca ASA, Cargill Incorporated, GC Rieber Oils AS, POLARIS Nutritional Lipids, Croda International plc, Luhua Biomarine (Shandong) Co., Ltd, Koninklijke DSM N.V., Denomega Nutritional Oils, and NU-MEGA Ingredients Pty Ltd. (Clover Corporation).
Transparency Market Research in its report titled, “Omega 3 Ingredients Market: Global Industry Analysis and Opportunity Assessment, 2019–2027,” offers comprehensive insights and detailed research on the global omega 3 ingredients market over the forecast period 2019 – 2027. The report covers the key factors that are propelling the growth of the omega 3 ingredients market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the omega 3 ingredients market and other valuable insights across different market segments.
The report sheds light on the key drivers and challenges affecting the growth of the omega 3 ingredients market. Alerting trends are also evaluated and included in the omega 3 ingredients market report to provide the readers with detailed information about the market, aiding them in taking smart decisions. Macroeconomic factors that are affecting the growth of the omega 3 ingredients market are also included in the report.
The report provides exhaustive market share evaluation of the global omega 3 ingredients based on leading manufacturers. A section of this report highlights country-wise global omega 3 ingredients. It provides a market outlook for 2017–2027 and sets the forecast within the context of the report. The report on omega 3 ingredients mentions key developments and activities executed by leading service providers operating in the omega 3 ingredients market.
To comprehend and provide actionable insights in the global omega 3 ingredients market, the TMR report is categorized into various sections: market analysis by ingredients, source, application, and region. The report evaluates the global omega 3 ingredients market with respect to market value (US$ Mn) and volume (MT).
The report started with a succinct overview of the omega 3 ingredients market. This part of the report also encompasses TMR’s analyses of key drivers, restraints, and trends from the supply and demand perspectives. Impact evaluation of primary growth drivers and restraints on the basis of the weighted average model are covered in omega 3 ingredients market report to better equip and arm readers with robust decision-making insights.
Our research methodology
The report on omega 3 ingredients market considers average selling price of different kinds of ingredients across geographies to calculate the market size. Furthermore, various data points, including omega 3 ingredients market split and regional split by ingredients, application, and source and qualitative inputs from primary respondents are encompassed to arrive at the accurate market projections. The forecast provided in the report on omega 3 ingredients market evaluates the overall revenue that is anticipated to be generated in the omega 3 ingredients market over 2019–2027. At the time of developing the omega 3 ingredients market forecast, the analysts begin with sizing up the current market, which forms the foundation for how the market is projected to take shape in the forthcoming years. Given the characteristics of the omega 3 ingredients market, we triangulated the result on the basis of various analysis outcomes based on supply side as well as demand side. However, enumerating the omega 3 ingredients market in various regions and in segments is more of a matter of quantifying expectations and recognizing opportunities rather than vindicating them after the forecast is completed.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted omega 3 ingredients forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the omega 3 ingredients market and to find and present the lucrative opportunities in omega 3 ingredients market.
As mentioned above, the market for omega 3 ingredients market is split into various categories or sub-segments, on the basis of ingredient, source, application, and region. All these categories and sub-segments of omega 3 ingredients have been evaluated in terms of Basis Point Share (BPS) to comprehend each segment’s relative contribution to omega 3 ingredients market growth. This thorough level of information is vital for identifying key trends in the sub-segments of global omega 3 ingredients market.
The report also evaluates the omega 3 ingredients market by source, region, application, and ingredient, and its revenue forecast based on absolute dollar opportunity. The absolute dollar opportunity is vital for estimating the level of opportunity a provider can seek, and to recognize prospects from a sales perspective in the global omega 3 ingredients market.
To comprehend the key growth segments with respect to performance and growth of the global omega 3 ingredients market, Transparency Market Research formulated a market attractiveness index to aid providers in identifying actual opportunities in omega 3 ingredients market.
In the concluding part of the report, the global omega 3 ingredients market landscape is covered to provide report audiences with a dashboard view of the key market players, their presence in the omega 3 ingredients market portfolio and key differentiators. The omega 3 ingredients industry structure and company market share analysis is detailed in this report. The omega 3 ingredients market share is projected on the basis of global sales of omega 3 ingredients. Numerous sources referred while formulating the report include market players’ annual reports, analyst presentations, investor presentations, and company press releases. The result has been triangulated with distributors, retailers, and industry experts across the value chain of omega 3 ingredients market. Some of the leading market players featured in the report on omega 3 ingredients are:
- Croda International plc
- Luhua Biomarine (Shandong) Co., Ltd
- Marine Ingredients, LLC.
- Cargill Incorporated
- Pelagia AS (Epax Norway AS)
- NU-MEGA Ingredients Pty Ltd. (Clover Corporation)
- Copeinca ASA
- Omega Protein Corporation
- Arista Industries Inc
- Qualitas Health
- Denomega Nutritional Oils
- Koninklijke DSM N.V.
- Barleans Organic Oils
- BIOPROCESS ALGAE, LLC
- Qponics Limited
- POLARIS Nutritional Lipids
- Cellana Inc.
- Pharma Marine AS
- GC Rieber Oils AS
Value and Volume