Published: May, 2019
On the basis of a recently published report by Transparency Market Research, titled, 'Omega 3 ingredients Market: Global Industry Analysis and Opportunity Assessment 2019-2027', the overall revenue generated from the omega 3 ingredients market is anticipated to be valued at somewhere around US$ 4,939.9 Mn in 2019, which is expected to rise at a CAGR of 10.9% throughout the forecast period (2019-2027).
The inclining concern about health and wellness among the population has remarkably increased the demand for nutraceutical and dietary supplements in the market, over the last few years. In the global omega 3 ingredients market, frequent product launch with multiple health benefits and value addition has made the omega 3 ingredients market more competitive than ever before. The manufacturer is applying the customer-centric approach and fortifying certain food and beverages with omega 3 ingredients to cater to the demand of health-conscious customers. In addition, they also utilize attractive promotional strategies to gain traction from the customers.
In the global omega 3 ingredients market, Europe holds the major value share in consumption and it is estimated it to be around 37.0% owing to huge growth in the health-conscious population in the region. The other factors which have influenced in rising consumption of omega 3 ingredients are their impaired benefits in cardiovascular diseases, enhancing brain health, increasing immunity and also found to be helpful in preventing various cancer. But increasing awareness about the health benefits of omega 3 ingredients in the Asia Pacific and the Middle East and Africa, providing ample of opportunities for the omega 3 ingredients manufacturers to introduce their product in these developing markets.
Increasing demand for Omega-3 ingredient in Convenience and Processed Food Products
In May 2004, the World Health Organization (WHO) initiated a global strategy on diet, physical activity and health that provided certain recommendations to the food & beverages industry, which included limiting levels of saturated fats, trans-fatty acids, free sugars and salt in existing products and promoting healthy and nutritious products
Factors such as rapid urbanization, changing lifestyle and eating habits among the global population are expected to fuel demand for convenience and processed foods in the near future
Improving living standards coupled with increasing disposable income of consumers, especially in emerging economies, are factors fuelling demand for omega 3 ingredients.
Manufacturers are also offering omega 3 ingredient based gummy candies that are available in various flavors such as orange, lemon, and strawberry. Consumption of gummy candies that contain EPA and DHA is significantly high among consumers in developed countries such as the U.S. and the U.K.
Omega 3 ingredients Market: Competition Dashboard
TMR has profiled some of the prominent companies active in the omega 3 ingredients market, such as Omega Protein Corporation, Croda International plc, Arista Industries Inc, BIOPROCESS ALGAE, LLC, Pelagia AS (Epax Norway AS), Pharma Marine AS, GC Rieber Oils AS, Copeinca ASA, NU-MEGA Ingredients Pty Ltd. (Clover Corporation), Marine Ingredients, LLC., POLARIS Nutritional Lipids, Luhua Biomarine (Shandong) Co., Ltd, Algaecytes, Qualitas Health, Barleans Organic Oils, Denomega Nutritional Oils, Qponics Limited, Cellana Inc., Koninklijke DSM N.V., Cargill Incorporated and others. and others.
Key Insights into the Omega 3 ingredients Market Report
The report comprises the latest trends in the omega 3 ingredients market and drivers and restraints are also enlisted which will help to gain more grip about the market. In addition, future opportunities in the omega 3 ingredients market are also been highlighted for the manufacturers who seek to enter in the omega 3 ingredients market. In the later section of the report, it highlights the competitive landscape of the major players operating their business in omega 3 ingredients market in the form of a comprehensive and comparative dashboard. In addition, the key strategies and developments of these players are also been enlisted, which can help other players of omega 3 ingredients market to inculcate in their strategic growth plan.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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