Global Omega 3 Ingredients Market to Witness Rapid Growth owing to Growing Awareness Regarding Healthy Lifestyle

Published By : 01 Mar 2016 | Published By : QYRESEARCH

Omega 3 ingredients are considered as one of the essential nutrients, which should be a part of everyday diet. In recent years, omega 3 ingredients have been gaining immense popularity. The high growth of the global omega 3 ingredients market can be attributed to the several benefits it provides after consumption. The increasing awareness regarding healthy lifestyle is one of the most important factors that is expected to boost the demand for omega 3 ingredients including DHA and EPA in the next few years around the world. 

In addition, the growing incidence of heart disorders and other health disorders are further estimated to drive the global market for omega 3 ingredients. The growing preference for healthy eating habits among the population is further expected to augment the growth of the overall omega 3 ingredients market in the next few years. Some of the major applications of the omega 3 ingredients are:

  • Animal and Pet Feed
  • Functional Foods
  • Supplements¬†
  • Pharmaceuticals
  • Infant formula
  • Others

Among the different applications, the functional food and supplements products segments are expected to witness high demand owing to the increasing inclination towards healthy eating. This trend is estimated to continue in the next few years, resulting in boosting the demand for omega 3 ingredients in the overall market. The gradual flow of information concerning the health benefits associated with including omega 3 ingredients in everyday diets is projected to fuel the growth of the market in developing nations as well as developed nations.

The growing health concern among the population, scientific evidence backing health benefits, and augmented application scope are the major factors that are driving the global omega 3 ingredients market in the coming years. On the other hand, the consumer perception of smell and taste and low awareness regarding different types of fats and its benefits are restraining the growth of the market. 

Some of the major players operating in the global omega 3 ingredients market are Lonza, Pronova, BioProcess Algae, DSM, BASF, EPAX, Croda, Axellu, Aker BioMarine, Martek Biosciences, GC Rieber Oils, and Omega Protein. The global market for omega 3 ingredients is highly competitive, owing to which several new players are expected to enter the market in the coming years so as to gain the competitive advantage.

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