The report “ Global Omega 3 Ingredients Market, By Type (Concentrates, Algal Oil, Cod Liver Oil, Krill Oil, Menhaden Oil, Refined Tuna Oil, Anchovy Oil, and Other Types), By Application (Functional Food and Beverage, Dietary Supplements, Infant Nutrition, Pet food and Feed, Pharmaceutical, and Clinical Nutrition), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030. The global omega 3 ingredients market is projected up to US$ 3.3Bn in 2020. The growth in the concentrated forms of the omega 3 ingredients that are highly purified oils supplying, simply it supplies desired fatty acids, DHA and EPA in the convenient small dosage is the major propelling factor for the growth of the global market. For instance, in October 2015, Ultra High Concentrates, with EPA and DHA concentrations of up to 90% pure form was introduced. Additionally, in developing countries the consumers spending increased on omega 3 which is another driving factor for the growth of the target market. Nevertheless, the increasing awareness among the populace about the benefits of the omega 3 ingredients on human health can create an opportunity for the growth of the target market. For instance, in 2018, the Cargill Incorporated initiate research in close vicinity with the farmers to explore opportunities for the extraction of EPA and DHA forms the canola plants
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- In in 2018, Cargill Incorporated in collaboration with BASF Nutrition to patent approval for canola engineered omega-3 for animal feed production containing omega 3.
Key Market Insights from the report:
The market report has been segmented based on type, application, and region.
- By type, the global omega 3 ingredients market is segmented into concentrates, algal oil, cod liver oil, krill oil, menhaden oil, refined tuna oil, anchovy oil, and other types.
- By Application, the target market is classified into functional food and beverage, dietary supplements, infant nutrition, pet food and feed, pharmaceutical, and clinical nutrition.
- By Region, the Asia- Pacific region shows a significant growth in the target market during the forecast period due to increasing growth of emerging sports and personalized nutrient sector. The global market in the North America region is expected to dominate over the forecast period due to increasing production, consumption, and awareness about omega 3 ingredients formed from the tuna oil.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Omega 3 Ingredients Market, By Type (Concentrates, Algal Oil, Cod Liver Oil, Krill Oil, Menhaden Oil, Refined Tuna Oil, Anchovy Oil, and Other Types), By Application (Functional Food and Beverage, Dietary Supplements, Infant Nutrition, Pet food and Feed, Pharmaceutical, and Clinical Nutrition), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030
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The prominent player operating in the global omega 3 ingredients market includes Royal DSM, Cargill Incorporated, Croda International PLC, Omega Protein Corporation, Archer Daniels Midland Company, Corbion, BASF SE, Pelagia AS, KD Pharma Group, and Polaris SA.
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