Omega-3 PUFA Market
Meticulous Research® –leading global market research company published a research report titled “Omega-3 PUFA Market by Source (Marine and Plant), Type (EPA/DHA and ALA), Application (Dietary Supplement, Baby Food, Food and Beverage, Pharmaceutical, Animal Feed, and Others), and Geography- Global Opportunity Analysis and Industry Forecast (2018 – 2023)”.
According
to this latest publication from Meticulous Research®, the global
omega-3 PUFA market is expected to grow at a CAGR of 14.5% from 2018 to 2023 to
reach USD 7,583.5 million by 2023, driven by growing health consciousness among
consumers and awareness about health benefits of omega-3 PUFA, increasing
incidence of chronic diseases, and growing demand for omega-3 in functional
foods & pharmaceuticals. In addition, rise of alternative sources such as
flaxseeds, olive oil, beans, walnuts, and algae, to obtain omega-3 PUFA and
emerging markets such as Latin America further provides significant opportunities
for the various stakeholders in the global omega-3 PUFA market. However, high
price of fish oil, absence of recommended daily intake (RDI), and uncertain
regulatory environment may hinder the growth of this market to some extent.
The
global omega 3 PUFA market study presents historical market data in terms of
value (2016 and 2017), estimated current data (2018) and forecasts for 2023 –
by source (marine and plant), type (EPA/DHA and ALA), and application (dietary
supplement, baby food, food and beverage, pharmaceutical, animal feed, and
others). The study also evaluates industry competitors and analyzes the market
at regional and country level.
Browse in-depth Report
on: https://www.meticulousresearch.com/product/omega-3-pufa-market/
Marine
sourced omega-3 PUFA witnesses a large demand, owing to its numerous health
benefits and wide range of applications in dietary supplements & infant
formula, approval from leading organizations for its use in various products,
and its easy availability & high production worldwide. However, plant
sourced omega-3 PUFA is set to be the emerging and fastest growing segment in
global omega-3 PUFA market.
EPA/DHA
commanded the major market share of the global omega-3 PUFA market in 2017. The
large share of EPA/DHA is attributed to its wide application in infant formulas
and health care & nutritional products, as a nutritional fortification
ingredient. They specifically play a key role to promote cognitive health and
help to lower risk of heart diseases. However, ALA expected to witness a
fastest growth during the forecast period with the increasing preference of
vegetarian population to consume products that contain ingredients or components
derived from plant sources.
In
2017, dietary supplement segment captured a major share owing to the huge
burden of chronic diseases globally and increased awareness about various
health benefits of omega-3 PUFA to fight these diseases. However, infant formula
is anticipated to grow at a lucrative rate due to changing food preferences of
infants & toddlers and growing need to fulfill their nutritional
requirements.
This
research report analyzes major geographies and provides comprehensive analysis
of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy,
Spain, and RoE), Asia-Pacific (China, India, Japan, Australia, and RoAPAC),
Latin America, and Middle East & Africa. Asia-Pacific region has
captured a significant share of global omega-3 PUFA market in 2017 and is
expected to register highest CAGR during the forecast period. Increasing
urbanization and demand for healthy & nutritional products, health &
wellness trend, rising disposable income, increasing population, abundant
availability of raw material, increasing industrialization, and rising
investments from major players in the region supports the greater consumption
and fastest growth of omega-3 PUFA market in this region.
The
key players operating in the global omega-3 PUFA market are Solutex GC (Spain),
Aker BioMarine AS (Norway), Croda International PLC (U.K.), Stepan (U.S.),
Pharma Marine AS (Norway), GC Rieber Oil AS (Norway), Clover Corporation
(Australia), BASF SE (Germany), Cellana Inc. (U.S.), Omega Protein Corporation
(U.S.), Lonza Group AG (Switzerland), Polaris (France), Koninklijke DSM N.V.
(The Netherlands), Cargill, Incorporated (U.S.), Archer Daniels Midland Company
(U.S.), Kerry Group (Ireland), and Epax Norway AS (Norway), among others.
About Meticulous Research®
MeticulousResearch® is founded in 2010 and incorporated as Meticulous Market
Research Pvt. Ltd. in 2013 as a private limited company under the Companies
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America, and Middle East & Africa.
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