The demand for Omega-3 PUFA is anticipated to be driven by the increasing awareness of the health conscious consumers. Omega-3 PUFA also enhances to minimize the cardiovascular problem which in turn escalates the demand of Omega-3 PUFA in the upcoming decade. Drug manufacturers are also emphasizing on developing new medicines by concentrating these ingredients in the products. Also, consumers are becoming aware of the unhealthy diet and to meet the daily nutrient requirements consumers are willing to accept Omega-3 supplements. These factors will play a key role in the growth of Omega 3 PUFA market at the CAGR of 13.5% during 2016-2022.
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Omega-3 Poly Unsaturated Fatty Acid (PUFA) is a type of necessary fat which cannot be synthesized by human body which needs intake through omega-3 enriched food. The ingredients of Omega-3 PUFA are sourced from the various fish oil, krill oil, chia seed, flex seed and other plant sources. Omega-3 PUFA has evolved as one of the vital nutritional ingredients for its various application such as supplements, fortified food products, nutritive drinks and others.
The major Key Players in Omega-3 PUFA Market are
- Cargill, Incorporated (U.S.)
- FMC Corporation (U.S.)
- Croda International PLC (U.K.)
- Hain Celestial Group, Inc. (U.S.)
- Omega Protein Corporation (U.S.)
- Royal DSM (The Netherlands)
- GC Rieber (Norway)
- Pharma Marine USA LlC (U.S.)
Global Omega-3 PUFA market is highly concentrated in North America. APAC has massive potential for Omega-3 PUFA, as there is raising awareness of chronic diseases among the consumer as well as increasing education level in developing economies.
DHA segment is projected to account maximum market proportion of the total Omega-3 PUFA market in the year of 2016. However, EPA segment is estimated to register highest CAGR during the forecast period. EPA are most preferred by the consumer than ALA. Plant source segment is also expected to account maximum market proportion of the overall market of Omega-3 PUFA market in the year of 2016 due to the low cost factor. In case of application, infant formula segment is estimated to register maximum CAGR over the forecast period owing to the high birth rate in developing countries such as India, China and Indonesia. However, pharmaceutical segment is projected to witness healthy growth due to the rising recommendations by the doctors to the cardiovascular patients.
Global Omega-3 PUFA market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these North America region holds the major market share in the global Omega-3 PUFA market both in terms of value and volume. This is attributed by the rising health conscious consumers in U.S. and also presence of key players in the North America region. Also, key players are introducing new products in North America region in order to retain their existing consumers and also to acquire new consumer base. Europe is also estimated to witness decent growth over the forecast period due to acceptance of new products and technology. Asia Pacific region is expected to grow immensely during the forecast period. The Asia Pacific market is driven by the increasing consumer awareness regarding the product as well as the growing chronic diseases in developing economies of Asia Pacific are propelling the growth of the Omega-3 PUFA market during the forecast period. China is projected to dominate in the Asia Pacific region over the forecast period.
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Global Omega 3 PUFA Market is segmented by Type, Source, Application and Region
Study Objectives of Omega-3 PUFA Market:
- In depth analysis of the market’s segments and sub-segments
- To estimate and forecast market size by type, source, application and region
- To analyses key driving forces which are influencing the market
- Region level market analysis and market estimation of North America, Europe, Asia-Pacific, and rest of the world (ROW) and their countries
- Value chain analysis & supply chain analysis of the market
- Company profiling of major players in the market
- Competitive strategy analysis and mapping key stakeholders in the market
- Analysis of historical market trends and technologies along with current government regulatory requirements
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