Rapidly Aging Population to Drive the Growth of Omega-3 Ingredients Market

2024-12-24 01:18:09 Lifestyle

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Omega-3 PUFA ingredients market report has been segmented based on Ingredients, Types of Source and End-Use. The report focuses on the market revenue generated by the sales and usage of omega-3 PUFA ingredients as a part of dietary supplements, pet food and functional food. Omega-3 PUFA can be extracted from varied sources such as Anchovy/Sardines, Concentrates, Algae, Tuna, Salmon, Cod, Menhaden and Krill. Different end-use markets that are covered in the report include: Infant formula, Food & Beverages, Nutritional Supplements, Pharmaceutical & Clinical Nutrition and Pet food. Omea-3 PUFA ingredients market is estimated to grow at a CAGR of 6.7% to reach $2,659 million by 2020. The aging population in the major European countries such Germany, Italy, U.K. and Japan in the APAC region will drive the consumption of omega-3 PUFA laced dietary supplements and functional foods as they act as preventive medications for cardiovascular anomalies and diabetes and due to the increasing demand for nutraceutical products containing omega-3 formulations propelling the market.

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Omega 3 PUFAs have been analyzed on the basis of type of acid which are DHA (docosahexaenoic acid), EPA (eicosapentaenoic acid), and ALA (Alpha-linoleic acid), the market values and growth rates have been estimated on the basis of source of the fatty acids
? Marine source (Cod, salmon, anchovy, krill, and other marine sources)
? Plant sources (Chia seeds, flax seeds and Hemp)
? Algae source.

Based on the end-use,

Report is segmentation:
? Infant formula,
? Food & Beverages,
? Nutritional Supplements,
? Pharmaceutical
? Clinical nutrition
? Pet food

Nutritional Supplements is the most dominant segment in the Omega-3 PUFA ingredients market owing to increasing consumer awareness towards preventive medication for cardiovascular ailments. Pharmaceutical & Clinical nutrition is the second dominant segment by value due to its rising prescription by dietician and health experts.

Geographically, the Omega-3 PUFA ingredients market is led by North America owing to the extensive usage of omega-3 PUFA ingredients in dietary supplements such as capsules, powder and others. However, APAC is the fastest growing, market driven by the demand for omega-3 encapsulated dietary supplements and functional food in China and other Asian countries. The European market is a developed market for omega-3 PUFA ingredients, but new formulation discoveries which are providing ease of omega-3 ingredients incorporation in varied functional food and beverages is expected to propel the market in this region.

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Strategic insights on the market have been presented in the form of drivers, opportunities and restraints existing in the market. For in-depth analysis Porters Five Forces Model has been worked out on the OmegA-3 PUFA market to throw light on the attractiveness of the market. Key players profiled in the report with their financials, business overview and strategic developments

Key Players:
? BASF SE (Germany)
? Royal DSM (Netherlands)
? KD Pharma Bexbach GmbH (Germany)
? Omega Protein Corporation (U.S.)
? GC Rieber Oils (Norway)

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