Omega 3 Ingredients Market to Report Healthy Growth at 15.2% CAGR between 2015 and 2021
Growing consumer health awareness and concern towards healthy lifestyle is leading to an increase in demand for omega 3 fatty acids such as EPA and DHA. Increasing incidence of heart related complications and other health issues are fueling the demand for omega 3 fatty acids. With the increasing interest towards maintaining a healthy diet is contributing to the growing popularity of omega 3 ingredients globally. Increasing preference for healthy food habits is driving the demand for omega 3 ingredients in North America, followed by Europe.
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With the gradual flow of information regarding the health benefits associated with consuming omega 3 enriched diets is driving market in Asia Pacific. With the rising health consciousness omega 3 ingredients market in Latin America and Middle East and Africa is expected to witness positive growth over the forecast period. Increasing health issues related to blood pressure, high triglyceride level are major concerning factors. In addition, heart related complexities are major drivers for the growing demand of omega 3 ingredients globally.
In addition, changing lifestyle coupled with increasing consumer preference for healthy diet is stimulating the demand for omega 3 fatty acids. With the rising health awareness, consumers are showing preference for supplements and functional food high in omega 3 fatty acids. Moreover, omega 3 fatty acids also play a crucial role in overall health development of infants. Apart from this, increasing concern towards healthy eating among the health consciousness consumers is leading to an increase in the demand for omega 3 ingredients across various regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
With the rising interest towards healthy eating is fueling the usage of omega 3 ingredients in supplements and functional food products, pharmaceutical and infant formulations. With the increasing efforts for avoiding health complexities related to high blood pressure and high triglyceride level is propelling the demand for omega 3 ingredients globally.
With the gradual flow of information regarding the benefits associated with consuming food products high in omega 3 is one of the prime factors fueling the demand for these ingredients across different regions globally. Growth in this sector is primarily driven by rising consumer interest in fortified products and functional foods.
North America dominates the market for omega 3 ingredients globally. Furthermore, rising consumer awareness about cholesterol control and technology advancement are certain factors contributing to the growth of the market. Increasing health consciousness and awareness is contributing in the growing popularity of omega 3 ingredients in Asia Pacific, followed by Latin America and Middle East and Africa.
Omega 3 ingredients are not only beneficial to treat heart disorders, but also assist in brain and nervous system development, which is critical in infants. The crucial role played by omega 3 fatty acids in the overall development of health particularly in infant formulations, is the major factor driving the growth of the omega 3 ingredients market. Growing prevalence of heart attack other heart related complexities is propelling the demand for omega 3 ingredients globally. Moreover, increasing disposable income and rising consumer expenditure on healthy food products is boosting the demand for omega 3 ingredients globally.
New product development and product features upgradation through research activities along with geographical expansion are some of the prime business strategies adopted by the major players in order to strengthen its foothold in this market globally. Joint ventures, strategic business alliances with different companies are among the key business strategies adopted by the leading market players in this market. New strategic partnership agreements help a company in gaining new resource capability. They also help in better market penetration by strengthening the product portfolio in a particular segment. Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Croda, Inc.(U.S.), NU-MEGA Ingredients Pty Ltd. (Australia), PronovaBioPharma ASA (Norway), Omega Protein Corporation (U.S.), FMC Corporation (U.S.), Copeinca ASA (Peru), Arista Industries, Inc. (U.S.) are some of the major players operating in the omega 3 ingredients market globally.