Increasing Popularity of Omega 3 to Fuel Demand for Omega 3 Ingredients

Published By : 12 Apr 2016 | Published By : QYRESEARCH

The global market for omega 3 ingredients has been exhibiting immense potential for growth since the last few years. The increasing awareness among consumers pertaining to the benefits offered by omega 3 has driven this market significantly in the recent times.

Increasing Awareness Pertaining to Healthcare Propels North America Omega 3 Ingredients Market
North America led the global market omega 3 ingredients market in 2012 and was closely followed by Europe and Asia Pacific. The rising awareness regarding healthcare among people and the increasing disposable income in this region has fueled the demand for omega 3-enriched food products, leading to a growth in the North America omega 3 ingredients market. Here is a snapshot of the performance of other regional markets of omega 3 ingredients in the global arena.

  • Europe emerged as the top consumer of omega 3 ingredients in 2012 with as share of more than 60% in the total consumption of omega 3 that years. Overall, the regional market occupied the second position in 2012.
  • The Asia Pacific omega 3 market is expected to report the fastest growth among all the regional markets over the next few years. The increasing birth rate in Asian economies such as India and China is likely to fuel the demand for omega 3 ingredients in infant formulations in the coming years.

DSM Emerges as Leading Player in Global Omega 3 Ingredients Market
The worldwide market for omega 3 ingredients faces high competition among participants. DSM, among all, has been leading this market since a few years. In 2012, the firm announced the procurement of Ocean Nutrition, a U.S.-based premium fish food manufacturer, in a bid to ensure its dominance in this market.

BioProcess Algae, Martek Biosciences, GC Rieber Oils, Aker BioMarine, EPAX, Lonza, Omega Protein, Pronova, BASF, Croda, and Axellus are some of the other prominent enterprises operating in this market.

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