Global Omega 3 Ingredients Market to Witness Rapid Growth thanks to Heightened Awareness Regarding Benefits of Omega 3 Fatty Acids
Transparency Market Research (TMR) announces the publication of a new research report made available on the company’s website. The research study, titled “Omega 3 Ingredients Market by Application – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2021,” talks about the market’s dynamics including the key drivers, current trends, barriers, and opportunities.As per the research study, in 2014, the global market for global omega 3 ingredients market was valued at US$2.78 bn and is estimated to reach US$7.50 bn by the end of 2021. The market is projected to register a progressive 15.20% CAGR between 2015 and 2021. The research report further offers a comprehensive overview of the global market for omega 3 ingredients, on the basis of the historical as well as the current performance of each market segment.
Omega 3 fatty acids are considered as good fats that have powerful anti-inflammatory properties, due to which they are vital for maintaining optimal health. Omega 3 ingredients are called super significant nutrients, which are consumed in order to boost the health of people who don’t eat enough foods that naturally contain these essential fats. The growing health concerns among consumers is one of the prominent factors expected to boost the demand for omega 3 ingredients in the next few years.
The increasing scope of application in diverse sectors and scientific evidence supporting the health benefits of consuming omega 3 fatty acids are some of the other factors driving the global market. However, the consumer perception of smell and taste and low awareness regarding the different types and fats and their benefits are anticipated to curb the growth of the global omega 3 ingredients market in the next few years.
The global market for omega 3 ingredients is segmented on the basis of application into pet and animal feed, pharmaceuticals, supplements and functional foods, infant formula, and others. Presently, the supplements and functional foods segment accounts for the largest share in the global market and is expected to continue with its leading position in the coming years. On the other hand, the infant formula segment is projected to witness rapid growth in the near future.
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Among the major geographical segments, presently, North America leads the global market for omega 3 ingredients owing to the affluence of consumers here and a greater stress on maintaining good health. Furthermore, the Asia Pacific market for omega 3 ingredients is estimated to grow at a fast pace throughout the forecast period.
The research study further talks about the competitive scenario of the global market for omega 3 ingredients and offers a detailed analysis of the major players operating in the market. The company profiles, contact information, business strategies, financial overview, SWOT analysis, and recent developments such as major mergers and acquisitions are discussed under the scope of the study. Some of the leading players mentioned in the research report are BASF SE, NU-MEGA Ingredients Pty Ltd., Omega Protein Corporation, FMC Corporation, Croda, Inc., Copeinca ASA, PronovaBioPharma ASA, Arista Industries, Inc., and Koninklijke DSM N.V.