Omega 3 Ingredients Market Forecast And Growth 2018-2028

Posted by vakhas on February 14th, 2019

Market outlook

Growing consumer preference for a variety of supplements owing to the health benefits offered by them has fuelled the demand for omega 3 ingredients, as they are among the essential fatty acids. Omega 3 ingredients are organic compounds derived from plant and marine sources. Some of the plant sources of omega 3 ingredients include walnuts, flaxseeds, vegetable oils, flaxseeds, chia seeds, etc. Some of the marine sources of omega 3 ingredients include shellfish, sardine, haddock, salmon, etc.

As omega 3 ingredients are essential fatty acids that cannot be synthesized by the human body, they play a vital role in functional foods to enhance the concentration of polyunsaturated fatty acids in staple food. There are three main omega 3 ingredients: ALA (alpha-linolenic acid), EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid). They are used for supplementing the essential fatty acids that are required for boosting the health and metabolism. Among the types of omega 3 ingredients, ALA is mostly processed from plant sources, whereas EPA and DHA are mostly processed from marine sources. Omega 3 ingredients play an important role in nutraceuticals and are consumed all over the world, which is expected to continue during the forecast period.

Emerging Demands of Omega 3 Ingredients in Nutraceuticals

The demand for brain health and nutraceutical products for youngsters has been the major driver of the omega 3 ingredients market across the world. Though the consumption of Omega 3 ingredients is not restricted by age, it is consumed by a large number of working adults to boost their metabolism and cognitive health.

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Omega 3 ingredients are also being used as preventive medicine for the maintenance of mental as well as physical health, which provides greater opportunities for the manufactures of omega 3 ingredients worldwide. Several key players of the omega 3 ingredients market have continued to represent their products in the global market over the years, which has increased the quality as well as quantity of the available omega 3 ingredients across the world.

Along with their application in pharmaceuticals, omega 3 ingredients also find several applications in feed processing, as omega 3 ingredients are one of the essential components of pet foods. Due to their multiple uses, omega 3 ingredients have well-defined supply chains and distributions worldwide. The consumer demand for omega 3 ingredients is growing as they have become an integral part of the daily diet, and this is estimated to drive the global Omega 3 ingredients market.

Global Omega 3 ingredients: Key Players

Some of the key players of the global omega 3 ingredients market include NU-MEGA Ingredients Pty Ltd.; Koninklijke DSM N.V.; BASF SE; Croda International Plc.; Omega Protein Corporation; Copeinca ASA; Arista Industries, Inc.; FMC Corporation; Pronova BioPharma ASA and Ocean Nutrition Canada Limited (ONC). More manufacturers and industrialists are showing a keen interest in Omega 3 ingredients due to the increasing global demand.