NEW YORK, June 7, 2016 /PRNewswire/ -- "Omega-3 PUFA market is projected to grow at a CAGR of 13.8%"
This report analyzes the Omega-3 PUFA market, in terms of type, application, source, sub-source, and region. The Omega-3 PUFA market has grown rapidly in the last few years and this trend is projected to continue until 2020. The primary factor driving the global success of Omega-3 PUFA is the increasing demand of Omega-3 PUFA in functional food and beverage products due to the various health benefits of Omega-3 PUFA.
"Dietary supplements accounted for the largest market share in 2014"
On the basis of application, the Omega-3 PUFA market is segmented into dietary supplements, functional food & beverages, pharmaceuticals, infant formula, and others (pet food, animal feed, and pet nutrition). Among all the applications of Omega-3 PUFA, infant formula is projected to be the fastest-growing application from 2015 to 2020.
"DHA segment leads the market with the largest share"
On basis of type, the Omega-3 PUFA market is segmented into DHA, EPA, and ALA. Out of all the types, DHA is estimated to be the largest segment in 2015, accounting for a maximum share of global Omega-3 PUFA market. With the increasing health-consciousness among the consumers and the multiple health benefits of Omega-3 PUFA, the demand for Omega-3 PUFA is expected to enhance the market growth in the near future.
"China and India: The future of the Omega-3 PUFA industry"
The Omega-3 PUFA market is projected to reach a value of USD 18.95 billion by 2020. North America dominated the global Omega-3 PUFA market in 2014. Asia-Pacific region is projected to be the fastest-growing market from 2015 to 2020. The markets are growing in China and India due to the increasing disposable income of the people, the growth of urban population, and increasing expansions of the key players including Cargill, Incorporated (U.S.) and FMC Corporation (U.S.) in China for profitable returns.
Break-up of Primaries:
- By Company Type - Tier 1 – 45 %, Tier 2 – 35% and Tier 3 – 20%
- By Designation – C level – 28%, Director level – 22%, Others – 50%
- By Region – North America - 45%, Europe – 25%, APAC – 18%, RoW – 12%
Leading players in the Omega-3 PUFA market are Cargill, Incorporated (U.S.), FMC Corporation (U.S.), Croda International PLC (U.K.), Royal DSM (The Netherlands), and Omega Protein Corporation (U.S.).
Reasons to buy this report:
- To get a comprehensive overview of the global Omega-3 PUFA market
- To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights into the major countries/regions in which the Omega-3 PUFA industry is flourishing
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