Dietary Supplement Providers Harness Omega 3 Ingredients Market to Expand Portfolio, Global Market to Garner CAGR of 11% From 2019 to 2027: Transparency Market Research

ALBANY, New York, Feb. 11, 2020 /PRNewswire/ -- Expanding scientific evidence behind the beneficial effects of dietary supplementation with EPA and DHA in preventing numerous diseases, particularly cardiovascular ones, is the pivot on which consumer demands have evolved, notes a recent study by Transparency Market Research (TMR). Consumer prospects were invigorated by the substantial uptake of omega ingredients in oil and seafood industry. Growing clinical prospect of polyunsaturated fatty acids (PUFAs) in preventing chronic diseases has backed the groundswell of industry interest in supplementing various food categories with the ingredients.

The global omega 3 ingredients market stood at US$4,500 mn in 2018 and is projected to clock a CAGR of 11% during 2019 – 2027. By the end of 2019, the revenue valuation stood at US$ 4,900 mn.

"Product development in the omega- 3 ingredients market is gathering momentum from efforts of pharmaceutical and nutraceutical industries. Advancements in production technologies have enabled contract manufacturer for food supplements and nutraceutical manufacturers to incorporate omega- 3 ingredients in varying proportions to meet the mainstream demand of healthy ingredients in populations", opine analysts at TMR

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Key Findings of the Omega 3 Ingredients Market Study

• Among the various sources, fish-oil derived omega 3 ingredients accounted for a majority of sales—90% of all sales--in the global market in 2018. Plant-derived one is likely to gain market shares, fueled by the increasing acceptance of veganism.
• Revenues in the omega 3 ingredients market are propelled by the rise in demands for PUFAs in pharmaceuticals, aquaculture industries, and food and beverages.

Explore 325 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Omega 3 Ingredients Market (Ingredients - Alpha-Linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), Docosahexaneoic Acid (DHA); Application - Food and Beverages, Pharmaceutical & Nutraceutical, Infant Formula, Animal Feed; Source - Plant, Animal) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027 at https://www.transparencymarketresearch.com/global-omega-three-market.html

Omega 3 Ingredients Market: Key Driving Factors

A growing body of studies have reiterated the therapeutic potential of omega-3 polyunsaturated fatty acids—EPA and DHA--in the prevention and treatment of neuropsychiatric disorders.

• According to the U.S.-based Institute for Health Metrics and Evaluation's the Global Burden of Disease Report 2017, number of neurological disability-adjusted life years increased by as much as 20.5% from 2007 to 2017, catalyzing the market prospects.
• The effectiveness of omega 3 supplements has interested clinical fraternity for long. According to a number of prevention studies, there was 15% - 29% decrease in all-cause nonfatal cardiovascular events in people who took omega-3 fatty acids regularly.

Key Impediments to Omega 3 Ingredients Market Players

The analysts at TMR, despite the growing market potential of omega 3 ingredients, also point toward some of the caveats that investors and stakeholders should be aware about. A few broad factors are:

• Slow regulatory approval of omega 3 supplementation products is still a significant concern
• Cost-sensitive markets lack technologies for improving the sensory properties of foods fortified with omega 3 ingredients. Their stability for food applications is also a challenge for omega-3 ingredients.

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Omega 3 Ingredients Market: Region-wise Analysis

Developed regions of the world that are characterized by robust wellness sector have remained as the forefront in augmenting revenue potential in the omega 3 ingredients market. Europe and North America have come to the forefront of this. Strides made in technologies for dietary supplementation underlie the growing consumer demands for nutraceuticals. These regional markets are gaining attention of end-use industries on the back of growing number of interventional clinical trials assessing the clinical efficacy of omega-3 ingredients in preventing chronic diseases. Sales of fish oil-derived omega 3 ingredients among consumers in these regions have been expanding the prospects of the overall market.

Analyze omega 3 ingredients market growth in 30+ countries including US, Canada, Germany, United Kingdom, India, China, and Japan. Request a sample of the study.

Competition Landscape

Most players in the omega-3 ingredients market are leveraging technologies to enhance the nutritional profile and shelf-life of these ingredients. A few stakeholders are aiming at unveiling customized products for various applications in the fats and oil industry, such as offering different flavors and sensory properties. A few ingredients providers are also focusing on meeting the industry demands for high potency fish oil supplements.

Some of the well-entrenched players in the omega 3 ingredients market are Omega Protein Corporation, NU-MEGA Ingredients Pty Ltd., Koninklijke DSM N.V., Croda International plc, GC Rieber Oils AS, and Cargill Incorporated. 

The omega 3 ingredients market is segmented on the basis of:

Region

• North America
• Europe
• APEJ
• Japan
• Oceania
• Latin America
• Middle East and Africa

Ingredient

• Alphalinolenic Acid
• Eicosapentaenoic Acid
• Docosahexaneoic Acid

Source

• Animal
• Fish Oil
• Algal Oil
• Others
• Plants
• Chia Seed Oil
• Flax Seed Oil
• Soybean Oil
• Canola Oil
• Wallnut Oil
• Mustard Oil
• Others

Application         

• Food Industry
• Dairy Desserts
• Bakery & Confectionary
• Savory Snacks
• Breakfast

Explore Transparency Market Research's award-winning coverage of the global Food and Beverages Industry,

Fish-free Omega-3 Ingredients Market - The increasing popularity of plant-based and vegetarian ingredients across the food industry has been bolstering the growth of the fish-free omega-3 ingredients landscape. In 2018, the market witnessed a 6.5% year-over-year growth over 2017, recording a sales of ~35 thousand MT, and reaching a market valuation of US$ 550 million.

Texturized Vegetable Protein Market - Manufacturers in the texturized vegetable protein market are increasingly innovating in soy protein. As such, soy protein product type segment of the texturized vegetable protein market is estimated to reach an output of ~715,800 metric tons by the end of 2029.

Organic Pea Protein Market - Revenue generated from the global organic pea protein market has been estimated to be valued ~US$ 45 Mn in 2019, which is projected to increase at a CAGR of ~8%, to reach ~US$ 96 Mn by the end of 2029.

Nutraceuticals Market - The U.S. market for nutraceuticals stood at US$64.8 bn in 2015. Progressing at a CAGR of 5.30% between 2016 and 2024, the market's value is estimated to reach US$102.6 bn by the end of 2024.

Nutritional Oil Powder Market - Revenue generated from the nutritional oil powder market has been estimated to be valued at ~US$ 2 Bn in 2019, which is projected to increase at a CAGR of ~6%, to reach US$ 3.2 Bn by 2027.

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SOURCE Transparency Market Research