—
According to new study report by Global Market Insights Inc. EPA-DHA omega 3 ingredients market size is forecast to be worth USD 3.7 billion from 2015 to 2022. The omega 3 ingredients market can be classified, as EPA (eicosapentaenoic acid), DHA (adocosahexaenoic acid), and ALA (aplha-linolenic acid) on the basis of type. The market can be segmented, on the basis of applications as infant formulas, pharmaceuticals, animal and pet feed, functional foods and supplements. It provides informed market outlook, coupled with potential market demand. It details the raw material segment of the global market in terms of volume (in metric tons) and value (in U.S. dollars).Get a Free Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/118
Supplements and functional foods market is expected to continue dominance in the application category of omega 3 ingredients market during the projected time frame. The growth is attributed to rising awareness regarding the benefits of consuming nutrient fortified Omega 3 rich supplements, and functional foods.
The global omega 3 ingredients market is witnessing a substantial growth owing to consumer health concerns and improved application scope for omega 3 fatty acids. Further, advent of technology for better encapsulation coupled with the increasing fish oil market has opened numerous avenues for the development of substitute sources including flax seeds and algae for extracting omega 3 ingredients. Tight raw material supply is likely to impel EPA/DHA ingredients market price trend over the projected period. Pharmaceuticals applications are projected to propel at a stimulating rate of more than 5.5% by 2022. Increasing significance and application range of pharmaceutical formulations for cholesterol-reducing are expected to further the growth of omega 3 ingredients market.
The report covers the thorough analysis of the market at a regional level with detailed analysis of market size. North America tops the global (EPA/DHA) omega 3 ingredients market, owing to the increasing awareness of EPA/DHA omega3 ingredients, growing health consciousness and rise in consumer expenses on healthy food products.
Browse full Report Details @ https://www.gminsights.com/industry-analysis/EPA-DHA-omega-3-ingredients-market
APAC China and Japan in particular are likely to see growth in market share during the forecast period. Europe omega 3 market region is anticipated to observe steady gains. Key participants in the EPA/DHA Omega 3 market are profiled in the report coupled with key business strategies, operation and financial metrics, service and product analysis and current trends. DSM, Pronova, Omega Protein, Croda, BASF, Aker BioMarine, EPAX, GC Rieber Oils, BioProcess Algae, Lonza, and Martek Biosciences are some of the major companies covered in the report.
Pharmaceutical applications may witness highest gains at above 5.5%. It is used to reduce cholesterol levels in the body which may further fuel product demand. Increase in research spending for product innovation to improve effectiveness may create new opportunities in the industry.
China omega 3 market size from infant formulas may register over USD 50 million at the end of forecast period. Intake of ingredients promotes eyes, brain and nerve development, which should favor industry growth. EPA/DHA ingredients are used as an in the preparation of infant formula which results in health benefits. Some of the companies engaged in infant formula production are investing in research to expand product portfolio.
Peruvian anchovy/sardine is key raw material sources used for its manufacturing process. Restriction on fishing of anchovy has caused decline in feedstock availability for product manufacturing with rise in overall oil price. This factor may create raw materials supply gap and affect EPA/DHA ingredients market price trend.
Europe omega 3 ingredients market size from functional foods application is set to exceed USD 150 million by 2022. Rise in per-capita disposable income and growing health concerns should favor regional growth. North America pharmaceutical applications expects gains close to 6%. Change in consumer lifestyle to avoid high medical bills may stimulate regional growth.
Inquiry of this Report @ https://www.gminsights.com/inquiry-before-buying/118
China EPA/DHA ingredients demand from pet food applications expects 4% gains. Increase in pet population and rise in disposable income levels should favor product applications scope in pet food industry.
Global EPA/DHA ingredients market share is moderately consolidated with BASF, DSM, and Croda being the key companies. Other prominent participants include Epax SA, Omega Protein, Arista Industries, Copeinca ASA, and Marine ingredients. The industry is witnessing merger & acquisitions and tie-ups to expand presence in different regions and enhance product portfolio.
Contact Info:
Name: Arun hegde
Email: Send Email
Organization: Global Market Insights
Website: https://www.gminsights.com/industry-analysis/EPA-DHA-omega-3-ingredients-market
Release ID: 88912963
Google
RSS