Omega 3 Ingredients – Insights

Omega 3 ingredients are naturally occurring polyunsaturated fatty acids and nutrients that are critical for human health. There are three types of omega 3 ingredients, namely, alpha-linoleic acid (ALA), eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). EPA and DHA are primarily extracted from fish and ALA is primarily extracted from plants sources such as seeds and nuts.

Docosahexaenoic Acid (DHA) is the dominant product type segment in omega 3 ingredients market in 2016, according to the stats provided by Coherent Market Insights. EPA/DHA consumption is gaining traction over alpha linoleic acid (AHA) due to certain health benefits such as stabilizing blood pressure, reducing bad cholesterol, and coronary heart diseases which in turn is driving the growth for the following years. Furthermore, omega 3 fatty acids can be produced economically and thus, finds wide application in supplements food and pharmaceuticals industry. This in turn, is propelling growth of the global omega 3 ingredients market, a trend that is expected to sustain over the forecast period.

Omega 3 fatty acids are basically extracted from fish, which includes fish oil extraction followed by refining of fish oil. Food industry is the largest user of the omega 3 polyunsaturated fatty acids which are used to obtain omega 3 rich food products and in turn is expected to boost the market for omega 3 fatty acids during the forecast period. However, with growing demand for organic ingredients in food product, market players are focusing on developing more digestible triglyceride concentrates and natural ingredients. For instance, omega 3 ethyl ester derivatives are gaining traction and is expected to dominate the market of omega 3 ingredients during 2017-2025.

The global omega 3 ingredients market was valued at US$ 3.83 billion in 2016 and is expected to expand at a CAGR of 15.00% in terms of revenue during 2017 – 2025.

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Omega 3 Ingredients and Health Benefits

Increasing various health diseases and fueling the demand for omega 3 fatty acids, due to various health benefits is expected to propel the market for omega 3 ingredients during the forecast period. For instance, few health benefits are listed below

Blood fat (triglycerides):consumption of fish oil can lower the risk of heart attack and lower triglyceride levels.

Rheumatoid arthritis:consumption of omega 3 ingredients may lower the join pain and curb stiffness.

Depression:regular consumption of omega 3 ingredients in food products may lower the level of depression and boost the antidepressants effects.

Baby development:consumption of DHA is helpful for neurological and visual development in infant.

Asthma:consumption of omega 3 ingredients lower the inflammation level for asthma patients and also enhance lungs function.

ADHD:consumption of omega 3 ingredients improves mental skills such as learning and thinking capacity of children.

Alzheimer's disease and dementia: consumption of omega 3 ingredients may help to protect against Alzheimer's disease and dementia, and have a positive effect on gradual memory loss linked to aging.

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Regional Insights

Europe, followed by North America and Asia Pacific, respectively accounted for major share in the global Omega 3 Ingredients market in terms of revenue in 2016 and the trend is projected to remain the same over the forecast period. In 2016, North America held a market share of 28.1% in terms of value, followed by Europe (27.6%) in omega 3 ingredients market. The growing demand for healthy food in North America due to growing awareness, increased foodborne diseases and growing food industry is expected to drive the growth of the global omega 3 ingredients market over the forecast period. According to a study conducted by Coherent Market Insights, the global pharmaceuticals market is expected to witness a CAGR of 15.00% during 2017 to 2025 which is expected to fuel the global omega 3 ingredients market.

For instance, in 2012, according to a survey conducted by National Center for Complementary and Integrative Health, in the United States, concludes that fish oil was the most common natural supplement product used by more than 8 million adults in the United States in 2012 than in 2007.

Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion

Major players in the global Omega 3 Ingredients market include Koninklijke DSM NV, BASF SE, Croda International Plc., NU-MEGA Ingredients Pvt. Ltd., Pronova BioPharma ASA, Omega Protein Corporation, and Ocean Nutrition Canada Limited, among others.

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