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.
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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.
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.
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.
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.
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Opportunities for Market Participants:
Dietary supplements are an active part of the daily diet in a modern lifestyle, which is expected to boost the demand for the Omega 3 ingredients across the world. Key developers and manufacturers are showing a keen interest in Omega 3 ingredients as the global dietary supplements market is escalating, hence greater market opportunities and higher returns can be expected by those who have invested in the omega 3 ingredients market.
Global Omega 3 ingredients: A Regional Outlook
Omega 3 ingredients are predominantly extracted and processed in North America due to the growth of dietary supplement brands and the presence of large herbal & chemical processing companies. In the US, a large number of consumers are interested in consuming omega 3 ingredients due to growth in the incidence of neurological disorders. In Latin America, Omega 3 ingredients are highly consumed as a preventive medicine for cardiovascular diseases due to increased health awareness. In Europe, Omega 3 ingredients have diverse supply chains and wider consumption due to growing concerns regarding cognitive health and cancer prevention. Thus, due to growth in the demand and distribution of omega 3 ingredients, the market is expected to witness significant growth during the forecast period.
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Omega 3 Ingredients Market Became a Highly Profitable Industry: Revenue Analysis and Industry Foreca
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