Omega-3 PUFA Market: High demand in Europe for omega 3 foods and nutrition supplements.
Omega-3 PUFA market report focuses on the market revenue generated by the sales and usage of omega-3 PUFA ingredients as a part of dietary supplements, pet food and functional food. Omega-3 PUFA can be extracted from varied sources such as Anchovy/Sardines, Concentrates, Algae, Tuna, Salmon, Cod, Menhaden and Krill. Different end-use markets that are covered in the report include: Infant formula, Food & Beverages, Nutritional Supplements, Pharmaceutical & Clinical Nutrition and Pet food. Omega-3 PUFA Market is anticipated to grow at a CAGR of 6.7% to reach $2,659 million by 2020. The aging population in the major European countries such Italy ,Germany, U.K. and Japan in the APAC region will drive the consumption of omega-3 PUFA laced dietary supplements and functional foods as they act as preventive medications for cardiovascular anomalies and diabetes and due to the increasing demand for nutraceutical products containing omega-3 formulations propelling the market.
Omega 3 PUFAs have been analyzed on the based on
- Type of Acid :DHA (docosahexaenoic acid), ALA (Alpha-linoleic acid) and EPA (eicosapentaenoic acid).
- Source of the fatty acids: Marine source (Cod, salmon, anchovy, krill, and other marine sources), Plant sources (Chia seeds, flax seeds and Hemp),Algae source.
- Form: Oils, Capsules, Powder.
- The end-use: Infant formula, Food & Beverages, Nutritional Supplements, Pharmaceutical Clinical nutrition, Pet food.
Nutritional Supplements is the most dominant segment in the Omega-3 PUFA ingredients market owing to increasing consumer awareness towards preventive medication for cardiovascular ailments. Pharmaceutical & Clinical nutrition is the second dominant segment by value due to its rising prescription by dietician and health experts.
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Geographically, the Omega-3 PUFA market is led by North America owing to the extensive usage of omega-3 PUFA ingredients in dietary supplements such as capsules, powder and others. However, APAC is the fastest growing, market driven by the demand for omega-3 encapsulated dietary supplements and functional food in China and other Asian countries. The European market is a developed market for omega-3 PUFA ingredients, but new formulation discoveries which are providing ease of omega-3 ingredients incorporation in varied functional food and beverages is expected to propel the market in this region.
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