Omega 3 Poly Unsaturated Fatty Acids (PUFAs) is a kind of necessary fats which cannot be produced by human body and which imposes ingestion through food, as it is major for enhancing metabolic processes such as cognitive functions and cardiovascular. Omega 3 PUFA has come out as potential nutritional ingredients. Its use in equipped food products, supplements, nutritive drinks, and pharmaceuticals. Omega 3 PUFA ingredients have been acquiring high traction in the beverages & food industry with the thriving equipped products sections.
The consumer consciousness of
omega-3 PUFA health advantage and growing disposable income, particularly in
urban regions of the country, will direct the market expansion over the
forecast period. Omega-3 demand has been increasing and is expected to continue
growing significantly over the forecast period. There are many factors that are
expected to influence the omega-3s industry over the forecast period. Although the prevalence of fish oil in the
world market for omega-3 is expected to drive the industry and would carry on
to do so over the forecast period.
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For one, the industry is expected
to witness a marked shift directed towards products with superior
concentrations, a key trend that is expected to observe in the developing
global omega-3 PUFA market. This results from the consumers upgrading from
lesser-concentrated products to more concentrated products in a purpose to get
more DHA/EPA per capsule. Products with high concentrations provide the benefit
of attaining the related health-promoting levels of DHA and EPA. Pharmaceutical
drugs, by evasion, have initialized incorporating more concentrations of
omega-3 and it is expected over the forecast period, several novel companies
would be hopping on to the production of omega-3 drugs. Many other drugs are in
Phase III or Phase II clinical trials, with much more expected to come
on-stream pretty soon. Moreover, the coming year or two is expected to witness
an influx of novel companies attacking the worldwide omega-3 market.
In a worldwide scenario where
growing attention is being focussed towards the matter of limited food supplies
and sustainability, algal sources provide huge scope for the quickly expanding
omega-3 PUFA industry to carry on in the same vein. The focus on attaining DHA
and EPA from algae was encouraged by an endeavour to search for more
sustainable sources. However, the omega-3 content in krill and fish originates
from their intense consumption of other creatures that nourish on algae and
algae directly. The past decades have seen
many research studies that have underlined the importance of omega-3 PUFA in
keeping heart health good, in addition, to protecting against cancer and birth
deficiencies and counteract symptoms of arthritis, diabetes, depression,
cognitive decline and many other conditions. Omega-3 Polyunsaturated Fatty
Acids have been increasing and continues to grow considerably over the forecast
period, attributed to the aforementioned benefits.
The market has been segmented by
type mainly into Omega 3 ingredients comprising Docosahexaenoic Acid (DHA),
Eicosapentaenoic Acid (EPA), and Alpha-linolenic Acid (ALA). EPA and DHA
account for a major share in terms of revenue, owing to their increasing
application in products that decreases the possibility of cardiovascular diseases.
Based on various source, the market can be segregated into sardines/anchovy,
salmon, Plant, menhaden, seed, krill, nut, cod, and tuna. Nut, Plant, and seed
are expected to capture maximum revenue over the forecast period owing to
increasing demand of marine extracted omega-3 coupled with increasing
inclination towards plant supported diet. Based on application, the market can
be segregated into Fat & spreads, Dairy Products & eggs food
supplements, Bakery, confectionary, dietary supplements and non-alcoholic
beverages.
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Dietary supplements section is
expected to be the biggest consumer of an omega-3 constituent in term of
revenue and volume over the forecast period, chased by food supplement and non-alcoholic
beverage enrichment sector. Fish oil supplied omega-3 ingredients is expected
to dictate the dietary supplement sector over the forecast period, Algal DHA
oils expected to lead in food supplement sector & non-alcoholic beverage
enrichment industry. Other end-use application markets for omega-3 PUFA
constituents comprise pet nutrition with a noteworthy consumption and infant
nutrition with the slightest utilization in terms of volume. Clinical and
Pharma nutritional functions are yet to be industrialized across the world
omega-3 PUFA market.
Some of the key players in the
market are Royal DSM, FMC Corporation, BASF SE, Croda International PLC, Aker
BioMarine ASA, Cargill, and Incorporated. The key players in the market are
going through series of mergers & acquisition to get a better grip over the
market. The market is less fragmented and lack of standardisation is there. The
novel uses of Omega-3 PUFA in the curing of Rheumatoid Arthritis are fuelling
the innovation in this market. According to certain research, it has been found
that omega-3 PUFA are great in curing Rheumatoid Arthritis. The active
companies in this market spend the great amount on research & development,
which helps in giving them the competitive edge.
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