According to a market report by Lucintel, the future of the omega 3 ingredient market looks promising with opportunities in the supplements and functional foods, pharmaceuticals, infant formula, and pet and animal feed application segments. The omega 3 ingredient market is expected to grow with a CAGR of 15% from 2019 to 2024. The major growth drivers for this market are augmented application scope, increasing consumer health concerns, and scientific evidence supporting health benefits.
In this market, eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and aplha-linolenic acid (ALA) are the major type segments. EPA is the largest type segment of this market.
North America will remain the largest market over the forecast period due to growing disposable income, increasing health awareness, and an upsurge in consumer expenditure on healthy food products.
Koninklijke DSM NV, BASF SE, Croda, NU-MEGA, Pronova, Omega Protein Corporation, and Ocean Nutrition are among the major manufacturers of omega 3 ingredients.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the omega 3 ingredient market by application, product, type, and region. Lucintel has prepared a comprehensive research report titled "Omega 3 Ingredients Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the omega 3 ingredient market by application, product type, and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
• Supplements and Functional Foods
• Pharmaceuticals
• Infant formula
• Pet and Animal Feed
• Others
By Type [$M shipment analysis for 2013 – 2024]:
• Eicosapentaenoic Acid (EPA)
• Docosahexaenoic Acid (DHA)
• Aipha-linolenic Acid (ALA)
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link ……………[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the omega 3 ingredient market by application (supplements and functional foods, pharmaceuticals, infant formula, pet and animal feed, and other), product type (eicosapentaenoic acid, docosahexaenoic acid, and aipha-linolenic acid), and region (North America, Europe, Asia Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the omega 3 ingredient market?
Q.5 What are the business risks and threats to the omega 3 ingredient market?
Q.6 What are the emerging trends in the omega 3 ingredient market and the reasons behind them?
Q.7 What are some changing demands of customers in the omega 3 ingredient market?
Q.8 What are the new developments in the omega 3 ingredient market? Which companies are leading these developments?
Q.9 Who are the major players in the omega 3 ingredient market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the omega 3 ingredient market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in the omega 3 ingredient market?