Omega-3 is a polyunsaturated fatty acids (PUFAs) with a carbon double bond at the third carbon position from the tail-end of the carbon chain. It is primarily obtained from various sources such as fish oil, krill oil, algal oil, walnut, pumpkin seed, and soybean oil. Alpha-linolenic acid (ALA), docosahexaenoic acid (DHA), and eicosapentaenoic acid (EPA) are the major type of omega-3 that are vital for normal human metabolism. Regulatory bodies, such as FDA, have drafted specifications regarding the consumption of omega-3. For instance, the consumption of omega-3 fatty acid per day is limited to 1,500mg. in Russia. Likewise, it is 500mg for France, 450mg for Norway, and 160mg for Australia and New Zealand. The global omega-3 market is projected to reach $ 6,955 million by 2022.
The world omega-3 market is driven by factors such as scientifically proven health benefits and increasing awareness among consumers about healthy eating and balanced diet. This factor is expected to have a significant impact on the market growth due to increasing awareness among individuals. Omega 3 intake helps in preventing chronic diseases such as cancer, arthritis, and cardiovascular diseases. In addition, omega-3 supplements, such as EPA and DHA help in preventing prostrate, colon, and breast cancers. However, high cost of manufacturing coupled with stringent regulatory barriers are some of the key challenges faced by market players.
The global omega-3 market is segmented based on type, source, application, and geography. DHA segment dominated the overall omega-3 market with more than three-fourths share in 2015; whereas, the ALA and EPA segments jointly accounted for one-fourth revenue share of the market in the same year. ALA segment is the projected to grow rapidly registering a CAGR of 15.8% from 2016 to 2022. Furthermore, omega-3 is classified based on source into marine, nuts & seeds, vegetable oils, and soya & soya products. Based on application, the market is divided into dietary supplements, pharmaceuticals, infant formulas, food & beverages, pet food, and fish feed. Pharmaceutical application segment is expected to grow rapidly registering a CAGR of 18% from 2016 to 2022. The world omega-3 market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America region dominated the global market by accounting for more than one-third share of the overall market in 2015, followed by the Asia-Pacific and European regions.
The top players in the market have heavily invested in R&D activities to develop advanced products to cater to the high demand of the market. Some of the major players profiled in the report include Cargill, Incorporated, FMC Corporation, Croda International Plc, Royal DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Rieber Oils, Luhua Biomarine (Shandong) Co., Ltd., Pharma Marine AS, and Polaris. Cargill, Inc. is the leading player in the market, owing to its extensive product portfolio and superior market positioning in more than 67 countries across the globe.
OMEGA-3 MARKET SEGMENTS
The world omega-3 market is segmented on the basis of type, source, application, and geography.
The Global Menthol Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the Menthol industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain ...
November 2017 | $2800 |View Details>>
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet ...
November 2017 | $3800 |View Details>>
This report studies Menthol in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2017, and forecast to 2021. This report focuses on top manufacturers in global market, with production, price, revenue and market ...
November 2017 | $3400 |View Details>>
The China Menthol Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the Menthol industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain ...
November 2017 | $3100 |View Details>>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research