Current trends of high protein diets coupled with increasing preference for healthy food habits will surge the growth of omega 3 ingredients market. Growing popularity of omega 3 ingredients with its positive impact on cardiovascular health, coronary heath diseases & overall fitness is propelling omega-3 ingredients industry size.
According to Global Market Insights, Inc., “Omega 3 ingredients market size is estimated to grow at a CAGR of 11% over the period of 2015-2022.” Increasing occurrence of heart related problems and other health issues are fueling the demand for omega 3 ingredients across the food sector. The omega 3 ingredients market share is anticipated to surpass USD 3 billion by 2022.
Growing awareness regarding health benefits associated with consuming omega 3 enriched diets is driving omega 3 ingredients industry share. Moreover, omega 3 also plays a crucial role in overall health development of infants. The American Dietic Association has suggested minimum intake of 500 milligrams per day for health benefits.
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Supplements and functional foods are expected to be the leading application segment
Dietary Supplements, Functional Foods, Pharmaceuticals, Pet & Animal Feed, Infant Formulas are the key applications driving the omega 3 ingredients industry share. Dietary supplements application was over 1 billion in 2014, owing to rise in consumption of sport nutrition products. Various dietary supplements products helping in controlling cardiovascular risks by providing vital nutrition will stimulate omega 3 ingredients market size. EPA/DHA ingredients industry share in dietary supplements application is projected to surpass 95 kilo tons in the coming five years. Omega 3 ingredients market in pharmaceutical application is anticipated to surpass USD 500 million in coming five years. EPA/DHA ingredients are beneficial in reducing LDL cholesterol levels which will generate heavy demand for omega 3 ingredients in pharmaceutical applications.
Europe EPA/DHA ingredients (Omega 3) market size, by application, 2014 & 2022 (USD Million)
High concentrates source is estimated to be a major revenue contributor in omega 3 ingredients market
Based on source, omega 3 (EPA/DHA) ingredients are majorly derived from Anchovy/Sardine, Cod Liver Oil, Salmon Oil, Algae Oil, High Concentrates, Medium Concentrates and Low Concentrates. Omega 3 ingredients derived from sardine will generate a heavy demand of over 60 kilo tons by 2022. High concentrates omega 3 ingredients market share is a major revenue pocket, owing to its high price and increased applications in functional food and pharmaceutical industries. Furthermore, algae oil source in omega 3 ingredients market is anticipated to witness an annual growth rate of 8% over the period of 2015-2022.
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Global omega 3 ingredients market is projected to grow at 5.4% CAGR in terms of volume over 2015-2022
North America omega 3 ingredients market, with growth imminent from U.S. is anticipated to exceed a demand of 50 kilo tons by 2022. Increasing interest towards maintaining a healthy diet and rising demand for dietary supplements should propel the omega 3 ingredients market regional outlook.
Europe, led by France and Germany omega 3 ingredient market, is anticipated to witness an annual growth rate of 3.5% over 2015-2022. Europe functional food market covered over 28% of the overall share in 2014.
Asia Pacific omega 3 (EPA/DHA) ingredient market size is expected to grow significantly, owing to increase in consumer spending, ageing population, and the demand across dietary supplements application. China and Japan omega 3 ingredients market led the regional growth of APAC, with China dominating the dietary supplement application and is forecast to record a highest CAGR at 6.1% over the period of 2015-2022.
Omega-3 ingredients market share is consolidated with top four players catering for 50% of the overall industry demand. Key player includes Omega Protein, DSM, Croda International, BioProcess Algae, ProNova Solutions, Lonza Group and Epax Omega-3 Concentrates.
Browse key industry insights spread across 90 pages with 47 market data tables & 9 figures & charts from the report, “Omega 3 (EPA/DHA) Ingredients Market Size By Application (Dietary Supplements, Pharmaceuticals, Functional Foods, Pet & Animal Feed, Infant Formulas), By Source (Anchovy/Sardine, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tuna Oil, Cod Liver Oil, Salmon Oil, Krill Oil, Menhaden Oil), Industry Analysis Report, Regional Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:
For the purpose of this study, Global Market Insights has segmented the EPA/DHA (Omega 3) Ingredients industry on the basis of application and region:
EPA/DHA (Omega 3) Ingredients Market Application Analysis (Tons; Revenue, USD Million, 2012 – 2022)
- Dietary supplements
- Functional foods
- Infant formulas
- Pet food
EPA/DHA (Omega 3) Ingredients Market Regional Analysis (Tons; Revenue, USD Million, 2012 – 2022)
- North America
- Rest of Asia
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