#EPA/DHA (Omega 3) Ingredients EPA/DHA (Omega 3) Ingredients Market Application EPA/DHA (Omega 3) Ingredients Market Drivers EPA/DHA (Omega
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Omega 3 2024 Industry – Challenges, Drivers, Outlook, Segmentation - Analysis to 2030
Omega 3 Industry Overview
The global omega 3 market size was valued at USD 2.62 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2030.
This is attributable to the rising use of ingredients in the human diet to support brain and heart health. Furthermore, the increasing consumer investment in healthcare and one’s well-being is also expected to boost product demand. The market is witnessing continuous diversification in its product offerings as consumers are looking for alternatives to traditional fish oil. Krill oil is one of the widely used sources of omega-3 due to its superior properties as compared to conventional fish oil. The majority of consumers in Europe and North America prefer krill oil over any other source of fish oil owing to its acid reflux, unpleasant taste, and large-sized pills. Such factors are anticipated to trigger product demand during the forecast period.
Gather more insights about the market drivers, restrains and growth of the Omega 3 Market
The demand for omega-3 fatty acids in the U.S. is projected to grow significantly over the next few years owing to rising consumer awareness in the country regarding the several health benefits offered, including lowering blood pressure and cholesterol and reducing risks related to heart diseases. Moreover, growing consumer preference for a healthy and nutritional diet is further expected to fuel product demand shortly.
Numerous manufacturers present in the U.S., including BioProcess Algae, Martek Biosciences Corporation, and Omega Protein Corporation are focusing on research and development activities for launching pharmaceutical-grade product in the market. Increasing consumption of enhanced medicines to treat and prevent chronic diseases is likely to spur overall consumption in the coming years.
Rising pressure on anchovy fisheries to extract fish oil has increased the demand from non-fish sources, including flaxseed, walnuts, algae, and krill oil. Furthermore, increasing government initiatives to promote the product usage in different end-use applications are projected to positively impact the market demand.
Browse through Grand View Research's Additives & Nutricosmetics Industry Research Reports.
• The global fumaric acid market size was valued at USD 561.5 million in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030.
• The global nisin market size was estimated at USD 502.93 million in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030.
Global Omega 3 Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global omega 3 market report on the basis of type, source, application, and region:
Type Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
Docosahexaenoic acid (DHA)
Eicosapentaenoic acid (EPA)
Alpha-linolenic acid (ALA)
Docosapentaenoic acid (DPA)
Others
Source Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
Marine Source
Fish Oil
Algal Oil
Krill Oil
Others
Plant Source
Nuts & Seeds
Vegetable Oils
Soy
Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
Supplements & Functional Foods
Pharmaceuticals
Infant Formula
Animal Feed & Pet Food
Others
Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
The Netherlands
Norway
Asia Pacific
China
India
Japan
Australia
New Zealand
Central & South America
Brazil
Argentina
Middle East & Africa
UAE
South Africa
Key Companies & Market Share Insights
Growing consumption of the product in various applications coupled with rising awareness regarding health and chronic diseases, and regulations favoring the use of omega-3 in infant formulations has influenced manufacturers to invest in technologies and product development in order to meet consumer demands. The market has been experiencing an increase in the number of new entrants across the value chain owing to the growing profits and huge market potential of manufacturers.
In March 2023, Epax announced an investment of USD 40 million in molecular distillation technology for improving the processing of highly concentrated omega 3.
In May 2023, Nuseed Global introduces Nuseed Nutriterra plant-based oil enriched with omega-3, tailored to meet the needs of the human nutrition and dietary supplement markets.
In addition, key companies such as Aker Biomarine Antarctic AS are focusing on expanding their capacity by introducing new catching vessels to increase their products, which was reflected in the sales of the company in the year 2021. Governments across developing regions are taking several initiatives to support Antarctic Krill fishing by providing research funds and creating innovation alliances, which may trigger industry growth
Key Omega 3 Companies:
Aker Biomarine Antarctic AS
Orkla Health
BASF SE
Omega Protein Corp.
GC Reiber Oils
Lonza
Croda International Plc
EPAX
BioProcess Algae, LLC
Koninklijke DSM N.V.
Order a free sample PDF of the Omega 3 Market Intelligence Study, published by Grand View Research.
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Fishmeal & Fish Oil Market Segmentation Application, Technology & Market Analysis Research Report To 2033
The fishmeal and fish oil market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%.
The production of fishmeal and fish oil is expected to increase moderately in the coming years as a result of improved by-product utilization and a growing aquaculture industry.
According to the OECD, aquaculture's contribution to global fish culture will continue to grow and will surpass that of fisheries by 2024. Aquaculture production is expected to reach 105 million tons by 2029, ten million tons more than the capture sector.
As feed demand has increased in tandem with increased aquaculture production, the inclusion of fish meal and fish oil in feed recipes has clearly declined, and has been partially replaced by vegetable substitutes such as soymeal and rapeseed oil.
Due to their scarcity, fishmeal and fish oil will be employed more frequently as strategic ingredients at lower percentages and for particular production stages.
The development and dynamics of the markets for fish oil and fishmeal on a worldwide scale can be influenced by a variety of variables. Included in them are extrinsic variables like the weather and environment, fishery management, trade policies, etc.
Information Source: https://www.futuremarketinsights.com/reports/fishmeal-and-fish-oil-market
Key Takeaways from the Fishmeal & Fish Oil Market
The fishmeal and fish oil market were dominated by salmon and trout and is expected to grow at a CAGR of 5.6% by 2033. This is because salmon oil is high in the omega-3 fats DHA and EPA. Consuming omega-3 fatty acids from salmon oil has been linked to a number of health benefits.
Pharmaceutical sector will register a growth of 5.4% and lead the application segment. Pharmaceutical industry will be highly benefitted from the fish oil and fish feed market owing to growing trend of fish-based supplementation and high adoptability of fish by-products in medical sector.
The U.S. to contribute a whooping US$ 4.6 billion by 2033 in the global market. Favorable policies and the thriving marine industry are the key reason driving the market in the region.
The U.K. is witnessing a growth of 4.9% in the fish oil and fish feed market. The growing concern and awareness on animal nutrition and well being is the key factor behind this significant growth of the region.
China is the most lucrative region among all growing at an astonishing rate of 5.2%. China is the top consumer of fish and fish products among other regions. Growing awareness on cardiac issues is promoting the adoption of fish oil among population.
Asia Pacific is likely to be the dominant region for the market till the end of the forecast period.
Latest Developments
In April 2022, Evolve Supplements initiated its online store for aiding in the buying process for consumers.
In April 2022, Trident Seafoods came out with its Omega 3 food for dogs. They forayed into the pet food market with this initiative.
Key Segments Fish meal & Fish Oil Market
Source:
Salmon & Trout
Marine Fish
Crustaceans
Tilapia
Carps
Application:
Aquaculture & Aquatic Feeds
Land Animal Feeds and Livestock
Agriculture and Fertilizers
Pharmaceuticals
Dietary Supplements
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)
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Algae Oil Market Dynamics: Global Growth and Trends (2023-2032)
The Algae Oil Market attained a valuation of USD 2251.2 Million in 2023 and is anticipated to escalate to USD 3492.4 Million by 2032, exhibiting a robust CAGR of 5.00% during the forecast period from 2024 to 2032.
The algae oil market is an emerging and rapidly growing sector within the broader oil and biofuel industries. Algae oil, derived from marine and freshwater algae, is valued for its high content of omega-3 fatty acids, particularly docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), making it a highly sought-after ingredient in the food, nutraceutical, and pharmaceutical industries. Additionally, algae oil is being explored as a sustainable and eco-friendly alternative to traditional fossil fuels in the biofuel sector due to its high yield and ability to grow in a variety of environments, including non-arable land and saline water.
The market is driven by increasing consumer demand for plant-based, sustainable, and health-promoting products, along with growing awareness of the environmental benefits of algae cultivation. Despite its potential, the algae oil market faces challenges such as high production costs and technological barriers, which are being addressed through ongoing research and development efforts aimed at improving extraction methods and scalability. Overall, the algae oil market is poised for significant growth, supported by its diverse applications and the rising global emphasis on sustainability and health.
Health Benefits:
Heart Health: Supports cardiovascular health by reducing cholesterol levels and improving heart function.
Brain Health: Essential for brain development and cognitive function.
Anti-inflammatory: Possesses anti-inflammatory properties that can help in managing chronic diseases.
Applications:
Food Industry: Used as a dietary supplement and in fortified foods for its health benefits.
Nutraceuticals: Incorporated into capsules and other forms for its concentrated health benefits.
Pharmaceuticals: Used in the formulation of drugs and health products.
Biofuels: Explored as a sustainable and renewable source of biofuel.
Environmental Benefits:
Sustainable Production: Can be grown on non-arable land and in saline water, reducing competition for agricultural land.
Carbon Capture: Algae cultivation captures CO2, helping to mitigate climate change.
Low Water Usage: Requires less water compared to traditional crops used for oil production.
Market Drivers:
Health Consciousness: Increasing consumer demand for plant-based and omega-3 rich products.
Sustainability: Rising awareness and demand for environmentally friendly and sustainable products.
Innovation: Advances in extraction and cultivation technologies improving efficiency and reducing costs.
Key Players-
Inventure Renewables Inc.
Tom Algae C.V.B.A.
A4F Algae for Future
British Algoil Ltd.
Algabloom International
Pond technologies Inc.
Algenol
Cellana Inc.
Chevron Corporation
Culture BioSystems
TerraVia Holdings Inc.
Exxon Mobil
Algae Floating Systems Inc.
Algix LLC.
Koninklijke DSM N.V.
DIC Corporation
Bioprocess Algae LLC.
Rishon Group
Corbion N.V.
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Algae Oil Market Growth Opportunities-
1. Nutraceuticals and Dietary Supplements
Health Benefits: Algae oil is rich in omega-3 fatty acids, making it a popular choice for dietary supplements aimed at improving cardiovascular health, brain function, and overall well-being.
Plant-Based Alternatives: With the growing trend towards plant-based diets, algae oil serves as a sustainable and vegan source of omega-3s, providing an alternative to fish oil supplements.
2. Food and Beverage Industry
Fortified Foods: Incorporating algae oil into fortified foods, such as dairy products, baked goods, and beverages, can enhance their nutritional profile and cater to health-conscious consumers.
Functional Ingredients: Developing new food products that leverage the health benefits of algae oil, such as functional snacks and meal replacements, can attract a broad consumer base.
3. Pharmaceutical Applications
Therapeutic Uses: Algae oil's anti-inflammatory and health-promoting properties can be utilized in the formulation of pharmaceutical products aimed at managing chronic diseases and improving overall health.
Medical Nutrition: Opportunities exist in the development of medical nutrition products that support specific health conditions, particularly for populations requiring high omega-3 intake.
4. Personal Care and Cosmetics
Skincare Products: Algae oil is valued for its moisturizing and anti-aging properties, making it an attractive ingredient for skincare and cosmetic products.
Natural and Organic Products: The trend towards natural and organic personal care products can drive the demand for algae oil as a premium ingredient in formulations.
5. Biofuels and Renewable Energy
Sustainable Fuel Source: Algae oil is being explored as a sustainable and renewable source of biofuel, offering an eco-friendly alternative to fossil fuels.
Government Support: Increased government initiatives and funding for renewable energy projects can boost research and commercialization of algae-based biofuels.
6. Aquaculture and Animal Feed
Aquaculture Nutrition: Algae oil can be used as a feed ingredient in aquaculture, providing essential nutrients to farmed fish and improving their health and growth rates.
Animal Nutrition: The inclusion of algae oil in animal feed can enhance the nutritional quality of meat, dairy, and egg products, catering to the growing demand for nutrient-rich animal products.
7. Technological Advancements
Improved Cultivation Techniques: Advances in algae cultivation technologies, such as photobioreactors and genetic engineering, can increase yield and reduce production costs.
Efficient Extraction Methods: Innovations in extraction technologies can improve the efficiency and quality of algae oil, making it more competitive with traditional oils.
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Omega-3 Market: Trends, Challenges, and Opportunities in the Nutraceutical Industry
The Omega-3 market represents a significant segment within the global nutraceutical and dietary supplement industry, driven by increasing consumer awareness of the health benefits associated with Omega-3 fatty acids. This article provides an overview of the Omega-3 market, including its sources, applications, health benefits, key players, and future prospects.
Sources of Omega-3 Fatty Acids
Omega-3 fatty acids are essential polyunsaturated fats that are crucial for maintaining overall health. The primary dietary sources of Omega-3 fatty acids include:
Fish Oil: Fish oil is one of the richest sources of Omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). Cold-water fatty fish such as salmon, mackerel, and sardines are commonly used to extract fish oil.
Algal Oil: Algal oil is derived from microalgae and is a vegetarian source of Omega-3 fatty acids, particularly DHA. It is increasingly popular among vegetarians, vegans, and individuals looking for sustainable alternatives to fish oil.
Flaxseed Oil: Flaxseed oil is a plant-based source of Omega-3 fatty acids, primarily alpha-linolenic acid (ALA). It is commonly used as a dietary supplement and is also incorporated into various food products.
Krill Oil: Krill oil is extracted from Antarctic krill, tiny shrimp-like crustaceans, and contains Omega-3 fatty acids in the form of EPA and DHA. It is known for its high bioavailability and antioxidant properties.
Applications and Health Benefits
Omega-3 fatty acids offer a wide range of health benefits, making them a popular ingredient in dietary supplements, functional foods, and pharmaceuticals. Some of the key applications and health benefits associated with Omega-3 fatty acids include:
Cardiovascular Health: Omega-3 fatty acids have been shown to reduce the risk of heart disease by lowering triglyceride levels, reducing inflammation, and improving blood vessel function.
Brain Health and Cognitive Function: DHA, in particular, is critical for brain development and cognitive function, making Omega-3 supplements popular among children, pregnant women, and the elderly.
Joint Health: Omega-3 fatty acids have anti-inflammatory properties that may help reduce joint pain and stiffness associated with conditions such as arthritis.
Eye Health: DHA is a major component of the retina, and adequate intake of Omega-3 fatty acids may help prevent age-related macular degeneration and other eye disorders.
Skin Health: Omega-3 fatty acids play a role in maintaining skin health by supporting hydration, reducing inflammation, and protecting against UV damage.
Key Players in the Omega-3 Market
The Omega-3 market is characterized by a diverse range of players, including:
DSM Nutritional Products: DSM is a leading global supplier of Omega-3 fatty acids, offering a wide range of fish oil and algal oil-based ingredients for dietary supplements and functional foods.
BASF SE: BASF is a major player in the Omega-3 market, producing high-quality Omega-3 fatty acids derived from fish oil, algal oil, and krill oil for use in dietary supplements and pharmaceuticals.
Croda International Plc: Croda offers a range of Omega-3 ingredients, including fish oil concentrates, algal oil, and flaxseed oil, catering to the dietary supplement, food, and pharmaceutical industries.
Epax AS: Epax specializes in the production of premium Omega-3 concentrates derived from fish oil, offering custom formulations and innovative delivery formats to meet customer needs.
Aker BioMarine: Aker BioMarine is a leading supplier of krill-derived Omega-3 ingredients, known for its sustainable harvesting practices and high-quality products.
Future Prospects
The Omega-3 market is expected to continue growing steadily, driven by several factors:
Increasing Consumer Awareness: Growing awareness of the health benefits of Omega-3 fatty acids, coupled with rising concerns about chronic diseases such as heart disease and cognitive decline, is driving demand for Omega-3 supplements and functional foods.
Expansion of Product Offerings: Manufacturers are increasingly focusing on product innovation, offering a variety of Omega-3 supplements in different formulations, dosages, and delivery formats to cater to diverse consumer preferences.
Focus on Sustainability: With sustainability becoming a key concern for consumers, there is a growing emphasis on sustainable sourcing practices, such as responsible fishing and algal farming, to ensure the long-term availability of Omega-3 fatty acids.
Emerging Markets: Rapid urbanization, changing dietary patterns, and increasing disposable incomes in emerging markets present significant growth opportunities for the Omega-3 market, particularly in Asia-Pacific and Latin America.
Market Trends
Several key trends are shaping the Omega-3 market:
Personalized Nutrition: With increasing interest in personalized nutrition and health optimization, there is a growing demand for tailored Omega-3 supplements that address specific health concerns or nutritional needs, such as prenatal health, sports performance, and cognitive function.
Plant-Based Alternatives: As consumer preferences shift towards plant-based diets and sustainability, there is growing interest in plant-based Omega-3 alternatives, such as algal oil and flaxseed oil. These vegetarian and vegan sources of Omega-3 fatty acids appeal to a broader audience and offer sustainable alternatives to traditional fish oil supplements.
Functional Foods and Beverages: The incorporation of Omega-3 fatty acids into functional foods and beverages is gaining traction, driven by consumer demand for convenient and enjoyable ways to improve their health. Omega-3 fortified products such as bread, milk, yogurt, and beverages offer consumers additional health benefits beyond traditional dietary supplements.
Online Retailing: The rise of e-commerce platforms has transformed the distribution landscape for Omega-3 supplements, enabling direct-to-consumer sales and expanding access to a wider range of products. Online retailers offer convenience, competitive pricing, and access to product reviews and information, driving growth in the online Omega-3 market.
Challenges and Opportunities
Despite the growth opportunities, the Omega-3 market faces several challenges:
Quality Control: Ensuring the quality and purity of Omega-3 supplements remains a challenge due to variability in raw materials, manufacturing processes, and storage conditions. Robust quality control measures, including raw material testing, production monitoring, and product analysis, are essential to maintain product integrity and consumer trust.
Price Volatility: The Omega-3 market is susceptible to price volatility due to fluctuations in fish oil supply, global fish stocks, and environmental factors. Price instability can impact product pricing, profitability, and market competitiveness, necessitating effective supply chain management and risk mitigation strategies.
Competitive Landscape: The Omega-3 market is highly competitive, with numerous players vying for market share. Differentiation through product innovation, branding, marketing, and value-added services is critical to stand out in a crowded market and capture consumer attention.
Health Claims and Marketing: Strict regulations govern health claims and marketing practices for Omega-3 supplements, requiring manufacturers to substantiate claims with scientific evidence and comply with labeling requirements. Clear communication of health benefits, dosage recommendations, and potential side effects is essential to educate consumers and build trust in the brand.
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Dietary Supplements Market Segmentation: Product Types and Applications
Dietary Supplements: Understanding the Options Dietary supplements have become increasingly popular in recent years as more individuals look to enhance their nutrition with additional vitamins, minerals and other substances. However, with so many options available, it can be difficult to determine which supplements may provide benefit as well as potential risks and side effects. In this article, we explore the different types of dietary supplements and provide guidance on safely choosing and using these products. What are Dietary Supplements? A dietary supplement is defined as a product intended to supplement the diet that contains one or more dietary ingredients like vitamins, minerals, herbs or other botanicals, amino acids and substances found in the human body like enzymes, organ tissues and metabolites. The dietary ingredients in these products may provide health benefits in addition to the nutrients that can be obtained from food. Some common types of dietary supplements include multivitamins, calcium and vitamin D supplements, probiotic supplements, fish oil supplements and herbal supplements like ginseng and ginkgo biloba. Regulation of Dietary Supplements Unlike pharmaceutical drugs, dietary supplements are regulated as foods rather than medications in the United States and their manufacturers do not need to prove safety or effectiveness to the FDA before selling their products. Under DSHEA (Dietary Supplement Health and Education Act) passed in 1994, supplement companies are responsible for ensuring the safety of their products and labeling them properly. However, serious adverse events or product quality issues with dietary supplements may go unreported and the FDA has limited resources for monitoring the safety of ingredients in supplements after they are marketed. Benefits and Risks of Common Dietary Supplements Multivitamins- For individuals with inadequate nutrition from food alone, a daily multivitamin supplement can help fill potential gaps. However, most healthy individuals do not need additional vitamins and minerals except for vitamin D and omega-3 fatty acids in some cases. Excess intake of certain vitamins like vitamin A, D, E and zinc can potentially lead to adverse effects over time. Probiotics- Probiotic supplements containing beneficial bacteria like Lactobacillus and Bifidobacterium species may help improve digestive health when taken regularly. Side effects are typically mild like gas and bloating in some individuals. People with severe medical conditions should consult their doctor before use. Fish Oils - Omega-3 fatty acids EPA and DHA found abundantly in fish oils have been linked to heart health benefits when consumed as part of a healthy diet. Supplementing may help boost low levels. Risks include burping and mild indigestion at high doses. People on blood thinners should be cautious about herb and supplement interactions.
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Omega 3 (EPA/DHA) Ingredients Market: Forthcoming Trends and Share Analysis by 2030
The Global Omega 3 (EPA/DHA) Ingredients market was valued at USD 1.54 billion in 2021 and is expected to reach USD 1.95 billion by the year 2028, at a CAGR of 3.4%.
Omega 3 fatty acid is a class of essential polyunsaturated fatty acids that are mainly found in marine animals in plants. It is considered a nutraceutical because it plays a vital role in every aspect of the development of the human body. Moreover, they are not synthesized by the body which makes them essential. Omega-3 fatty acids have been associated with healthy aging throughout life. Moreover, our bodies do not synthesize omega-3 fatty acids, it is necessary to obtain adequate amounts through fish and available plant sources. Eicosatetraenoic acid (EPA), and Docosahexaenoic acid (DHA) have shown promising results in the prevention of cardiovascular arrest, weight management, and cognitive function in those with mild Alzheimer's disease.
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The latest research on the Omega 3 (EPA/DHA) Ingredients market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Omega 3 (EPA/DHA) Ingredients industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Omega 3 (EPA/DHA) Ingredients market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Leading players involved in the Omega 3 (EPA/DHA) Ingredients Market include:
BASF SE (Germany), DSM (Netherlands), Aker BioMarine ASA (Norway), Croda International PLC (UK), Stepan Company (US), Pharma Marine (Norway), GC Riber Group (Norway), Clover Corporation (Australia), Omega Protein Corporation (US), Cellana (US), United Laboratories (India), Abee (India), Ocean Nutrition Canada Limited (Canada), Arista Industries (US) and other major players.
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Segmentation of Omega 3 (EPA/DHA) Ingredients Market:
By Type
Alpha-Linolenic Acid {ALA}
Eicosapentaenoic Acid {EPA}
Docosahexaenoic Acid {DHA}
By Source
Fish Oil & Krill Oil
Algal Oil
Walnut
Pumpkin Seeds
Soyabean Oil
Others
By Application
Pharmaceutical Industry
Dietary Supplement
Food & Beverage Industry
Animal Nutrition
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
Highlights from the report:
Market Study: It includes key market segments, key manufacturers covered, product range offered in the years considered, Global Omega 3 (EPA/DHA) Ingredients Market, and research objectives. It also covers segmentation study provided in the report based on product type and application.
Market Executive Summary: This section highlights key studies, market growth rates, competitive landscape, market drivers, trends, and issues in addition to macro indicators.
Market Production by Region: The report provides data related to imports and exports, revenue, production and key players of all the studied regional markets are covered in this section.
Omega 3 (EPA/DHA) Ingredients Profiles of Top Key Competitors: Analysis of each profiled Roll Hardness Tester market player is detailed in this section. This segment also provides SWOT analysis of individual players, products, production, value, capacity, and other important factors.
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Fishmeal & Fish Oil Market Forecast 2024 to 2032
Fishmeal is a valuable feed ingredient that results from the grinding, cooking, and pressing of various fish species. It serves as a concentrated source of high-quality protein, essential amino acids, vitamins, and minerals, making it a crucial component in the diets of livestock, poultry, and aquaculture species. Fish oil, on the other hand, is obtained through the extraction of oils from fish tissues, primarily rich in omega-3 fatty acids such as eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). This lipid-rich substance is utilized not only in animal feeds but also in human nutrition, dietary supplements, and various industrial applications, owing to its health-promoting properties and functional characteristics.
The Fishmeal & Fish Oil Market was valued at USD 7,452.35 Million in 2022 and is expected to register CAGR of 1.92% by 2032.
The Fishmeal & Fish Oil market growth is significantly driven by key factors such as rapidly expanding aquaculture across the globe, growing awareness about health benefits of fishmeal and fish oil and high usage of fishmeal and fish oil in food and beverages and pet food industries.
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Fishmeal & Fish Oil Market Type, Share, Size, Analysis, Trends, Demand and Outlook 2033
The production of Fishmeal and oil blend is expected to increase moderately in the coming years as a result of improved by-product utilization and a growing aquaculture industry.
The fishmeal & fish oil market size is projected to be valued at US$ 7.4 billion in 2023 and is expected to rise to US$ 13.0 billion by 2033. The sales of fishmeal & fish oil are expected to grow at a significant CAGR of 5.8% during the forecast period.
According to the OECD, aquaculture's contribution to global fish culture will continue to grow and will surpass that of fisheries by 2024. Aquaculture production is expected to reach 105 million tons by 2029, ten million tons more than the capture sector.
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As feed demand has increased in tandem with increased aquaculture production, the inclusion of fishmeal and oil blend in feed recipes has clearly declined, and has been partially replaced by vegetable substitutes such as soymeal and rapeseed oil.
Due to their scarcity, fishmeal and oil blend will be employed more frequently as strategic ingredients at lower percentages and for particular production stages.
The development and dynamics of the markets for fishmeal and oil blend on a worldwide scale can be influenced by a variety of variables. Included in them are extrinsic variables like the weather and environment, fishery management, trade policies, etc.
Key Takeaways from the Fishmeal & Fish Oil Market
The fishmeal and fish oil market were dominated by salmon and trout and is expected to grow at a CAGR of 5.6% by 2033. This is because salmon oil is high in the omega-3 fats DHA and EPA. Consuming omega-3 fatty acids from salmon oil has been linked to a number of health benefits.
Pharmaceutical sector will register a growth of 5.4% and lead the application segment. Pharmaceutical industry will be highly benefitted from the fish oil and fish feed market owing to growing trend of fish-based supplementation and high adoptability of fish by-products in medical sector.
The U.S. to contribute a whooping US$ 4.6 billion by 2033 in the global market. Favorable policies and the thriving marine industry are the key reason driving the market in the region.
The U.K. is witnessing a growth of 4.9% in the fish oil and fish feed market. The growing concern and awareness on animal nutrition and wellbeing is the key factor behind this significant growth of the region.
China is the most lucrative region among all growing at an astonishing rate of 5.2%. China is the top consumer of fish and fish products among other regions. Growing awareness on cardiac issues is promoting the adoption of fish oil among population.
Asia Pacific is likely to be the dominant region for the market till the end of the forecast period.
Latest Developments
In April 2022, Evolve Supplements initiated its online store for aiding in the buying process for consumers.
In April 2022, Trident Seafoods came out with its Omega 3 food for dogs. They forayed into the pet food market with this initiative.
Key segments
Source:
Salmon & Trout
Marine Fish
Crustaceans
Tilapia
Carps
Application:
Aquaculture & Aquatic Feeds
Land Animal Feeds and Livestock
Agriculture and Fertilizers
Pharmaceuticals
Dietary Supplements
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)
Table of Content
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EPA/DHA (Omega 3) Ingredients Market Competitive Landscape, Analysis Report By Product, By Application, By End Use, By Region And Segment Forecasts from 2021 To 2027
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EPA/DHA (Omega 3) Ingredients Market is analyzed with industry experts in mind to maximize return on investment by providing clear information needed for informed business decisions. This research will help both established and new entrants to identify and analyze market needs, market size and competition. It explains the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities and the threats faced by key players.
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A 360 degree outline of the competitive scenario of the Global EPA/DHA (Omega 3) Ingredients Market is presented by Axel Reports Market Insights. It has a massive data allied to the recent product and technological developments in the markets.
It has a wide-ranging analysis of the impact of these advancements on the market’s future growth, wide-ranging analysis of these extensions on the market’s future growth. The research report studies the market in a detailed manner by explaining the key facets of the market that are foreseeable to have a countable stimulus on its developing extrapolations over the forecast period.
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Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
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It offers massive data about trending factors that will influence the progress of the Global EPA/DHA (Omega 3) Ingredients
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By Market Players: Omega Protein Lonza Axellus DSM Algae EPAX BASF Croda Aker BioMarine Martek GC Rieber Oils By Type Anchovy/Sardine Cod Liver Oil Salmon Oil Algae Oil High Concentrates Medium Concentrates Low Concentrates By Application Dietary Supplements Functional Foods Pharmaceuticals Pet & Animal Feed InfantFormulas
A detailed outline of the Global EPA/DHA (Omega 3) Ingredients Market includes a comprehensive analysis of different verticals of businesses. North America, Latin America, Asia-Pacific, Africa, and Europe have been considered for the studies on the basis of several terminologies.
This is anticipated to drive the Global EPA/DHA (Omega 3) Ingredients Market over the forecast period. This research report covers the market landscape and its progress prospects in the near future. After studying key companies, the report focuses on the new entrants contributing to the growth of the market. Most companies in the Global EPA/DHA (Omega 3) Ingredients Market are currently adopting new technological trends in the market.
Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global EPA/DHA (Omega 3) Ingredients Market. The feasibility of the new report is also measured in this research report.
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Table of Contents:
Global EPA/DHA (Omega 3) Ingredients Market Overview
Economic Impact on Industry
Market Competition by Manufacturers
Production, Revenue (Value) by Region
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global EPA/DHA (Omega 3) Ingredients Market Forecast
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Fish Oil Omega-3 Market Forecast 2022 - 2027
Fish Oil Omega-3 Market Overview
Fish Oil Omega-3 Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Omega-3 fatty acids are essential nutrients that are present in certain foods such as flaxseed and fish, as well as dietary supplements such as fish oil. It is also referred to as n-3s that contains carbon–carbon double bond located three carbons from the methyl end of the chain. There are several types of omega-3 fish oils 'such as alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA) where EPA and DHA are considered as long chain omega-3s. The omega-3 fatty acids also present in Cod Liver Oil that come from the liver of cod fish which contain various health benefits. Various fish such as salmon and tuna are especially high in omega-3 fatty acids that contains docosahexaenoic Acid (DHA). Omega-3 acids such as EPA and DHA are found in fish oil supplements that help in reducing heart diseases. Growing awareness about the health among people and rising incidence of cardiovascular diseases is the major factor driving the growth of this market. Furthermore, increasing research and development activities in food and beverage industry and rising advancement in technology is set to further enhance the overall market demand for Fish Oil Omega-3 Market for the period 2021-2026.
Report Coverage
The report: “Fish Oil Omega-3 Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fish Oil Omega-3 Market.
By Type: Eicosapentaenoic acid (EPA), and Docosahexaenoic acid (DHA), and Alpha-linolenic acid (ALA).
By Form: Soft Gels, and Liquid.
By Source: Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, and Others.
By Application: Pharmaceuticals, Food, and Personal Care.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).
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Key Takeaways
In 2020, North America dominated the Fish Oil Omega-3 Market owing to changing dietary pattern that increases the demand of fish oil supplements among consumers. Moreover, rising prevalence of heart diseases increases the consumption of fish oil omega-3 products which in turn driving the market growth.
Growing awareness about the health among people and rising incidence of cardiovascular diseases are enhancing the growth of the Fish Oil Omega-3 Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Fish Oil Omega-3 Market report.
Stringent regulation on fish oil omega-3 products is set to create hurdles for the Fish Oil Omega-3 Market.
Fish Oil Omega-3 Market Size, By Form 2020-2026 (USD Million)
Fish Oil Omega-3 Market Size
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Fish Oil Omega-3 Segment Analysis – By Type
The Fish Oil Omega-3 Market based on Type can be further segmented into Eicosapentaenoic acid (EPA), and Docosahexaenoic acid (DHA), and Alpha-linolenic acid (ALA). The Docosahexaenoic acid (DHA) segment is the major segment generating revenue in 2020. This is mainly owing to its effective support in the development of eye and nerve tissues that increases consumption among consumers. Moreover, DHA is an important ingredient which is required among consumers of all ages as it helps to increase memory power and supports learning. The Eicosapentaenoic acid (EPA) segment is estimated to register the fastest CAGR of 1.05% for the period 2021-2026. This is mainly owing to the fact that EPA helps in preventing various diseases such as asthma, cancer, menstrual problems and many more that increases the adoption of EPA in food and beverage industry which in turn boosting the growth of Fish Oil Omega-3 market.
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Fish Oil Omega-3 Segment Analysis – By Form
The Fish Oil Omega-3 Market based on Form can be further segmented into Soft Gels, and Liquid. The Soft Gels segment registers for the highest Fish Oil Omega-3 market share in 2020. Soft gels are easy to swallow owing to its flexible shape and also provide smooth texture and taste masking capabilities. Moreover, softgels are easily digestible that helps in reducing discomfort in stomach which increases the consumption of softgels among consumers. The Liquid segment is forecasted to register the fastest CAGR of 2% over 2021-2026. This is mainly owing to the fact that fish oil supplements are mostly available in liquid form as it provides a better and easier solution for the digestive system that increases the adoption of fish oil in liquid form and are propelling the growth of Fish Oil Omega-3 market.
Fish Oil Omega-3 Segment Analysis – By Geography
North America dominated the Fish Oil Omega-3 Market with major share of 45% in 2020. This is owing to changing dietary pattern that increases the demand of fish oil supplements among consumers. According to the Center for Disease Control and Prevention (CDC), about 30.3 million people in the U.S. are suffering from heart disease in 2019 that increases the consumption of fish oil omega-3 products among population and are boosting the growth of Fish Oil Omega-3 market.
However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to rising health consciousness among population and changing lifestyle. In India, lifestyle changes increases the prevalence of various diseases such as diabetes, blood pressure, obesity, and cardiovascular problems. So, people are adopting omega-3 supplements that are further enhancing the market growth.
Fish Oil Omega-3 Market Drivers
Growing Awareness about the Health
Growing health consciousness among people increases the consumption of omega-3 supplements as it helps to reduce various health issues such as heart problems, cancers, and many more that increases the consumption among. Moreover, American Heart Association (AHA) also recommended to eat fish oil twice a week to maintain optimum omega 3 levels in the diet that increases the preference of omega-3 fish oil supplement and therefore rising the growth of the Fish Oil Omega-3 Market over the period 2021-2026.
Rising Incidence of Cardiovascular Diseases
The incidence of cardiovascular disease increases owing to changing lifestyle patterns among consumers. According to World Health Organization (WHO), about 17.9 million people die every year owing to cardiovascular diseases that increases the demand of omega supplement among consumers in order to reduce the health diseases which further boosting the growth of Fish Oil Omega-3 Market over the period 2021-2026.
Covid-19 Impact:
COVID-19 pandemic had greatly impacted the growth of Fish Oil Omega-3 Market. During pandemic, there is a lockdown that created a disruption in the manufacturing industries owing to less availability of human resources. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Fish Oil Omega-3 Market.
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Fish Oil Omega-3 Market Challenges
Strict Government Regulations
The factors that is set to impede the growth of the Fish Oil Omega-3 Market are the strict regulation for the approval of omega-3 supplements. Moreover, owing to regulation there is delay in manufacturing of products that is set to create hurdles for the Fish Oil Omega-3 Market.
Fish Oil Omega-3 Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Fish Oil Omega-3 Market. Fish Oil Omega-3 top 10 companies are Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corporation, GC Reiber Oils, Wiley, Lonza, Natrol LLC, and Bionova.
Development
In March 2020, Wiley launched its new formulations of a new omega-3 concentrate in powder form that helps consumers to get rid from various diseases which further rising the market growth.
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#Fish Oil Omega-3 Market share#Fish Oil Omega-3 Market size#Fish Oil Omega-3 Market price#Fish Oil Omega-3 Market Forecast
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Fishmeal & Fish Oil Market 2023 Key Strategies, Historical Analysis, Application, Technology, Trends And Opportunities
The fishmeal and fish oil market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%.
The production of fishmeal and fish oil is expected to increase moderately in the coming years as a result of improved by-product utilization and a growing aquaculture industry.
According to the OECD, aquaculture’s contribution to global fish culture will continue to grow and will surpass that of fisheries by 2024. Aquaculture production is expected to reach 105 million tons by 2029, ten million tons more than the capture sector.
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As feed demand has increased in tandem with increased aquaculture production, the inclusion of fish meal and fish oil in feed recipes has clearly declined, and has been partially replaced by vegetable substitutes such as soymeal and rapeseed oil.
Due to their scarcity, fishmeal and fish oil will be employed more frequently as strategic ingredients at lower percentages and for particular production stages.
The development and dynamics of the markets for fish oil and fishmeal on a worldwide scale can be influenced by a variety of variables. Included in them are extrinsic variables like the weather and environment, fishery management, trade policies, etc.
Key Takeaways from the Fishmeal & Fish Oil Market
The fishmeal and fish oil market were dominated by salmon and trout and is expected to grow at a CAGR of 5.6% by 2033. This is because salmon oil is high in the omega-3 fats DHA and EPA. Consuming omega-3 fatty acids from salmon oil has been linked to a number of health benefits.
Pharmaceutical sector will register a growth of 5.4% and lead the application segment. Pharmaceutical industry will be highly benefitted from the fish oil and fish feed market owing to growing trend of fish-based supplementation and high adoptability of fish by-products in medical sector.
The U.S. to contribute a whooping US$ 4.6 billion by 2033 in the global market. Favorable policies and the thriving marine industry are the key reason driving the market in the region.
The U.K. is witnessing a growth of 4.9% in the fish oil and fish feed market. The growing concern and awareness on animal nutrition and well being is the key factor behind this significant growth of the region.
China is the most lucrative region among all growing at an astonishing rate of 5.2%. China is the top consumer of fish and fish products among other regions. Growing awareness on cardiac issues is promoting the adoption of fish oil among population.
Asia Pacific is likely to be the dominant region for the market till the end of the forecast period.
Latest Developments
In April 2022, Evolve Supplements initiated its online store for aiding in the buying process for consumers.
In April 2022, Trident Seafoods came out with its Omega 3 food for dogs. They forayed into the pet food market with this initiative.
Key Segments Fish meal & Fish Oil Market
Source:
Salmon & Trout
Marine Fish
Crustaceans
Tilapia
Carps
Application:
Aquaculture & Aquatic Feeds
Land Animal Feeds and Livestock
Agriculture and Fertilizers
Pharmaceuticals
Dietary Supplements
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)
Report Preview: https://www.futuremarketinsights.com/reports/fishmeal-and-fish-oil-market
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Aker BioMarine : signs 18 strategic partnership agreements at China International Import Expo
New Post has been published on https://petnews2day.com/pet-industry-news/pet-travel-news/aker-biomarine-signs-18-strategic-partnership-agreements-at-china-international-import-expo/
Aker BioMarine : signs 18 strategic partnership agreements at China International Import Expo
Oslo, November 8, 2022: Aker BioMarine is onsite in Shanghai at China International Import Expo (CIIE) from November 5-10, exhibiting its Antarctic krill-based products for human health & nutrition, aqua,and pets. This will be Aker BioMarine’s fourth consecutive year participating in the event, and this year, the company will conduct signing ceremonies to mark new strategic partnership agreements with Chinese customers.
Signing ceremonies with Aker BioMarine’s partners in China
During the Expo, Aker BioMarine will host an official Norwegian delegation representing the Norwegian Consulate General in China at the company’s CIIE exhibit. The Norwegian delegation will bear witness to the signing with a total of 18 strategic partners from the human health & nutrition and pet food industries.
“China is the world’s second largest importer and consumer in the world, and it is a key strategic market for Aker BioMarine. We have solidified many long-term partnerships in the country, and the upcoming Expo is a great opportunity for us to officially declare our collaborations and progress in the Chinese market,” says Thong Luu, SVP Human Health & Nutrition Asia, Aker BioMarine.
Krill sales, samples, and live streaming at Aker BioMarine’s CIIE exhibit
At the Aker BioMarine stand, company representatives will be ready to talk to attendees about how krill is a superior source of omega-3 and choline for the human nutrition supplement market. Krill is also proven to be an effective ingredient for pet food, yielding clear health returns for domesticated animals as well. Aker BioMarine will offer product samples from its stand, as well as run live streaming and sales offers.
“CIIE is attended by hundreds of industry leaders and large organizations from around the world – and it’s a key event for us to promote our products to current and potential customers, officials, and consumers. We are excited to take part and share the benefits of krill, as well as celebrate and solidify our many partnerships in China,” says Regional Sales Director, HH&N China, Jim Wang.
5th Annual CIIE held at the National Convention and Exhibition Center
CIIE officially launched in 2018, an initiative from Chinese President Xi Jinping to support economic globalization in the country. The Expo is hosted by the Ministry of Commerce of the People’s Republic of China and the Shanghai Municipal People’s Government and will take place at the National Convention and Exhibition Center in Shanghai.
About Aker BioMarine ASA
Aker BioMarine is a biotech innovator and Antarctic krill-harvesting company, dedicated to improving human and planetary health. Listed on Oslo Stock Exchange, the company develops krill-based ingredients for pharmaceutical, nutraceutical (Superba Krill®), aquaculture (QRILL® Aqua), and animal feed applications (QRILL® Pet), including INVI™, a highly concentrated protein isolate, and LYSOVETA™, a targeted transporter of EPA and DHA from krill. Aker BioMarine’s fully transparent value chain stretches from sustainable krill harvesting in pristine Antarctic waters through its Montevideo logistics hub, Houston production plant, and to customers around the world. The company’s strong focus on sustainability inspired the launch of AION by Aker BioMarine, a circularity company dedicated to helping companies to recycle and reuse waste. Read more: www.akerbiomarine.com
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Marine Omega-3 Market Demand, Rising Trends and Technology Advancements 2022 to 2028
The global “Marine Omega-3 Market” report 2022 highlights all of the dynamic elements affecting key growth factors, as well as the most recent trends and developments in the global industry. It gives a complete understanding of key manufacturers’ business development plans, current industry condition, growth areas, and future scope. The Marine Omega-3 market research seeks to give regional development, market driving factors, and sales revenue. With numerous research approaches such as SWOT and PESTLE analysis, it provides extensive research and analysis of key elements and emphasizes current market circumstances. In addition, the study contains valuable information on global players’ future plans and possibilities.
In accordance with the Marine Omega-3 market is set to grow at a CAGR of 7.9% over a forecast period (2022-2028).
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Key Market Players:
DSM, BASF, EPAX, Golden Omega, TASA, Omega Protein, Croda, KD Pharma (Marine Ingredients), GC Rieber, Polaris, Auqi, Kinomega, Skuny, Xinzhou, Anti-Cancer, Sinomega, Orkla Health, LYSI, OLVEA Fish Oils, Hofseth BioCare, Nippon Suisan Kaisha, Bioprocess Algae, Shandong Yuwang Pharmaceutical, Maruha Nichiro Foods, Solutex
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments
Most important types of Marine Omega-3 Market covered in this report are:
ALA (alpha-linolenic acid)
DHA (docosahexaenoic acid)
EPA (eicosapentaenoic acid)
Most widely used downstream fields of Marine Omega-3 market covered in this report are:
Dietary Supplement
Pharmaceutical
Infant Formula
Food & Beverage
Pet Food
Fish Feed
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
Global Marine Omega-3 Market is further classified on the basis of region as follows:
– North America (USA, Canada, Mexico)
– Europe (Great Britain, France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
– Asia Pacific (China, Japan, South Korea, ASEAN, India, rest of Asia Pacific)
– Latin America (Brazil, rest of LA)
– Middle East and Africa (Turkey, CCG, rest of the Middle East)
COVID-19 sickness began to spread all over the world at the beginning of 2021, infecting countless individuals in general, and important governments all over the world-imposed foot restrictions and work stoppage orders. Aside from the clinical supplies and life support items organizations, most endeavours have been significantly impacted, and Marine Omega-3 adventures have been severely impacted.
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Table of Contents Marine Omega-3 Market:
Global Marine Omega-3 Market Research Report 2022 – 2028
1 Marine Omega-3 Introduction and Market Overview
2 Industry Chain Analysis
3 Global Marine Omega-3 Market, by Type
4 Marine Omega-3 Market, by Application
5 Global Marine Omega-3 Consumption, Revenue (USD) by region
6 Global Marine Omega-3 Production by Top Regions
7 Global Marine Omega-3 by regions
8 Competitive Landscape
9 Global Marine Omega-3 Market Analysis and Forecast by Type and Application
10 Marine Omega-3 Market Supply and Demand Forecast by Region
11 New Project Feasibility Analysis
12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
Continued……
The research answers the following key questions:
What will be the Marine Omega-3 market size and the growth rate in the coming year?
What are the main key factors driving the global Marine Omega-3 market?
What are the key market trends impacting the growth of the global Marine Omega-3 market?
Which are Trending factors influencing the market shares of the top regions across the globe?
Who are the key market players and what are their strategies in the global Marine Omega-3 market?
What are the market opportunities and threats faced by the vendors in the global Marine Omega-3 market?
What industrial trends, drivers and challenges are manipulating its growth?
Who Will Get Advantage of This Report?
The prime aim of the Global Marine Omega-3 Market is to provide industry investors, private equity companies, company leaders and stakeholders with complete information to help them make well-versed strategic decisions associated to the chances in the market throughout the world.
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Fish-free Omega-3 Ingredients Market is projected to increase at a CAGR of ~ 9%
The latest market forecast report published by Transparency Market Research on the fish-free omega-3 ingredients market includes the global industry analysis and opportunity assessment for the period of 2019-2029. Revenue generated from the global fish-free omega-3 ingredients market has been estimated to be valued at ~ US$ 590 Mn in 2019, which is projected to increase at a CAGR of ~ 9%, to reach a value of ~ US$ 1.3 Bn by 2029.
Vegans & Vegetarians Demand Fish-free Omega-3 Ingredients and Supplements
All three types of omega-3 are important, but evidence shows that, DHA and EPA have unique benefits, especially for boosting brain health, reducing inflammation, and improving retinal health. For vegans (vegetarians who eat food derived only from plant sources) and vegetarians, it is difficult to get adequate amounts of omega-3 fatty acids in their diet, as the two essential omega-3 fatty acids, DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid), are mostly derived from fish and animal sources. Omega-3 ingredients derived from plant sources only contain ALA (alpha-linolenic acid), which is a precursor form that gets converted to DHA & EPA inside the body.
Since there are not many sufficient vegan food sources of EPA and DHA, those who follow a vegan diet often have lower levels of these fatty acids in their blood. Therefore, keeping vegan and vegetarian diets in mind, manufactures are developing products from algal oil or plant-based products such as chia seeds, flaxseed oil, canola oil, hemp seeds, walnuts, and others, which are growing as fish-free omega-3 ingredients.
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Growing Need for an Alternative to Fish-derived Omega-3 Ingredients
Many fish-derived oil supplements in the market are rancid, i.e. oxidized. Rancid oils/fats can damage cells and contribute to atherosclerosis. Free radicals from rancid oils are known to damage DNA cells. Free radicals are produced by toxins as well as by normal bodily processes, and can cause damage to the arteries and also act as carcinogens.
Fat-soluble pollutants such as polychlorinated biphenyls may biomagnify in marine food chains and end up in concentrated amounts in fishy oil supplements. This accumulation is causing contamination and fastening the process of oxidation of supplement oils/ fats.
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Demand for Algae-based Omega-3 Supplements Expected to Grow Rapidly
Fish are the major source of omega-3 for the production of various supplements. Fish obtain omega-3 by consuming algae. Therefore, the usage of algae as a new alternative source to fish is anticipated to grow rapidly in the fish-free omega-3 ingredients market.
Supplements developed from algal oil have the same omega-3 benefits and nutritional content as fish-derived oils. Algal oil is free from contaminants such as heavy metals, bio-accumulated toxins, and pollutants. Vegan diets lack EPA and DHA, which can consumed through supplement products manufactured from algal oil.
Omega-3 – Preferred Ingredient in Convenience and Processed Foods
Increasing health awareness and growing preference for processed food/diets with low fat, sugar, and salt content among consumers are factors expected to prompt the manufacturers of food & beverages to review current marketing practices and adopt new techniques to increase their revenue shares in the fish-free omega-3 ingredients market.
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In May 2004, the World Health Organization (WHO) initiated a global strategy on diet, physical activity, and health, and provided certain recommendations to the food & beverages industry, which included limiting the levels of saturated fats, trans-fatty acids, free sugars, and salt in existing products, and promoting healthy and nutritious products.
In North America, the millennial demographic constitutes a large share of the consumption of ready-to-eat and processed food products. The consumption of take-away food has also risen considerably due to its convenience, which is further expected to drive the growth of the fish-free omega-3 ingredients market during the forecast period.
Fish-free Omega-3 Ingredients Market: Tedious Process of Regulatory Approval
The restraining factor for the fish-free omega-3 ingredients market is slow regulatory approval for health claims. For medicines and drugs, after clearing the phase III trial, approval for prescription takes another six to twelve months. There are various steps included for the drug to be approved for prescription, which include the discovery and development process that begins in the laboratory.
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During the second step, drugs undergo laboratory and animal testing to clear basic safety questions. The third step involves clinical research, where drugs are tested on people to make sure they are effective and safe. Later, an FDA examination takes places for the final approval.
For any drug, supplement, or medicine, it usually takes around 10 years to be developed and approved for prescription. So, in order to sanction any sort of health claim, the wait is quite long, which hampers the growth of the fish-free omega-3 ingredients market, significantly.
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Le poisson-gratuit Oméga-3 Ingrédient Marché 2022 : part, taille, croissance, principaux résultats mondiaux, demande de l'industrie, analyse régionale, profils d'acteurs clés, perspectives d'avenir et prévisions 2030
Market.biz a récemment publié un rapport sur le marché mondial Le poisson-gratuit Oméga-3 Ingrédient de 2022 à 2030 qui fournit une analyse détaillée de l'industrie au cours de la période prévue de 2020 à 2030 et les dernières tendances du marché pour la période de prévision. Les perspectives importantes sont évaluées dans Le poisson-gratuit Oméga-3 Ingrédient et les facteurs qui stimulent et stimulent le développement de l'industrie sont soulignés. Le rapport examine au-delà des schémas d'augmentation, des variables de croissance actuelles et des avancées futures.
La portée de l'étude comprend le marché principal Le poisson-gratuit Oméga-3 Ingrédient qui est utilisé dans la production commerciale du marché Le poisson-gratuit Oméga-3 Ingrédient. L'objectif de ce rapport est d'offrir une évaluation mondiale, régionale et nationale du potentiel du marché de Le poisson-gratuit Oméga-3 Ingrédient et des produits, services et tailles de marché futurs existants. Il est essentiel car le marché de Le poisson-gratuit Oméga-3 Ingrédient varie considérablement en termes de caractéristiques régionales et en fonction de la technologie en question.
Téléchargez GRATUITEMENT un exemple de rapport du rapport sur le marché mondial de Le poisson-gratuit Oméga-3 Ingrédient : https://market.biz/report/global-fish-free-omega-3-ingredient-market-gm/#requestforsample
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Le rapport d'étude de marché mondial sur Le poisson-gratuit Oméga-3 Ingrédient fournit des statistiques scandaleuses sur le marché de Le poisson-gratuit Oméga-3 Ingrédient qui mettent davantage en évidence les données de veille concurrentielle qui sont la principale raison de la demande croissante pour le marché de Le poisson-gratuit Oméga-3 Ingrédient. Le poisson-gratuit Oméga-3 Ingrédient. En outre, l'étude met en lumière les moteurs de l'industrie Le poisson-gratuit Oméga-3 Ingrédient, les menaces, la segmentation des régions, les principaux moteurs, les perspectives d'utilisation finale, les opportunités exclusives et l'examen de l'industrie sont couverts. dans le rapport d'étude de marché mondial sur Le poisson-gratuit Oméga-3 Ingrédient. En outre, il fournit une analyse systématique du Le poisson-gratuit Oméga-3 Ingrédient à travers les tendances à venir du secteur et les principales probabilités concernant la taille et la part du secteur Le poisson-gratuit Oméga-3 Ingrédient.
Si vous avez une requête ou une demande d'achat ou un rapport de personnalisation, cliquez ici : https://market.biz/report/global-fish-free-omega-3-ingredient-market-gm/#inquiry
Joueurs clés:
Koninklijke DSM N.V.
Cargill Inc.
BASF
Les principales régions du marché Le poisson-gratuit Oméga-3 Ingrédient sont :
• Amérique du Nord (Panama, Mexique, Barbade, États-Unis, Canada, Porto Rico, Trinité-et-Tobago, etc.),
• Amérique du Sud et Centrale (Brésil, Chili, Argentine, Belize, Costa Rica, Panama, Guatemala, El Salvador),
• Europe (Espagne, Belgique, France, Hollande, Allemagne, Suède, Suisse, Saint-Marin, Irlande, Norvège, Luxembourg, etc),
• Asie-Pacifique (Qatar, Chine, Inde, Hong Kong, Corée, Israël, Australie, Singapour, Japon, Koweït, Brunei, etc.),
• Le Moyen-Orient et l'Afrique (Emirats Arabes Unis, Egypte, Algérie, Nigeria, Afrique du Sud, Angola, Arabie Saoudite, Bahreïn, Oman, Turquie, Liban, etc.)
Le reste de la région….
Le segment de marché par type de produit comprend :
L'Acide Alpha-Linolénique (ALA) de l'Acide Eicosapentaéno¯que (EPA)et l'Acide Docosahexaéno¯que (DHA)
Le segment de marché par application de produit comprend :
L'Industrie alimentaire l'Industrie des Boissons de Suppléments Alimentaires pour Nourrissons et les préparations pharmaceutiques et Personnels de l'Alimentation Animale
Raisons d'acheter ce rapport
• Comprend une analyse approfondie du marché de diverses perspectives grâce à l'analyse des cinq forces de Porter
• Se concentre sur les principaux fabricants mondiaux de Le poisson-gratuit Oméga-3 Ingrédient, pour analyser le volume des ventes, la valeur, la part de marché, le paysage de la concurrence et les plans de développement au cours de l'année de prévision.
• Scénario de dynamique du marché, ainsi que les opportunités de croissance du marché dans les années à venir
• Fournir des revenus historiques et prévisionnels des segments et sous-segments de marché pour quatre zones géographiques principales et leurs pays: Amérique du Nord, Europe, Asie-Pacifique, Amérique latine, Moyen-Orient, Afrique et Reste du monde.
• Il fournit une prévision sur six ans évaluée en fonction de la croissance prévue du marché
Cliquez pour obtenir l'achat sur ce rapport @ https://market.biz/checkout/?reportId=597936&type=Single%20User
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Global PUFA Market Size Estimated to Reach $48.9 Billion by 2025
The Pufa In Global Market size is estimated to reach $48.9 Billion by 2025, growing at a CAGR of 11.7% during the forecast period 2020-2025. Polyunsaturated fatty acids (PUFAs) are fatty acids that contain more than one double bond in their backbone. This class includes many important compounds, such as essential fatty acids and those that give drying oils their characteristic property. Growing prevalence of chronic diseases such as cardiovascular diseases, stroke, cancer and diabetes, and increasing preference towards PUFAs (mono & poly-unsaturated fats) are some of the factors driving the market growth during the forecast period 2020-2025.
Pufa In Global Market Segment Analysis - By Product Type
Based on Product Type, Pufa In Global Market is segmented into Omega-3 Fatty Acid, Omega-6 Fatty Acid. The Omega-3 Fatty Acid segment holds the largest share in terms of revenue in 2019. This is Owing to the rising application of omega-3 fatty acids in pharmaceutical and clinical nutrition to treat mental disorders such as Alzheimer’s and cardiovascular diseases and omega-3 PUFA ingredients. The Omega-6 Fatty acid segment is set to be the fastest-growing CAGR 12.2% during the forecast period 2020-2025. This is owing to the rise in intake of omega-6 ingredients such as vegetable oils, including corn, evening primrose seed, safflower, and soybean oils and it is good for the heart. The omega-6 ingredients increasingly being used in a variety of dietary supplements, pharmaceuticals and animal feeds, functional foods and beverages. In the forecast period 2020-2025, Omega-6 fatty acids is estimated to use significantly to minimize the risk of heart attack, lower total cholesterol levels, and reduce the risk of cancer in patients.
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Pufa In Global Market Segment Analysis - By Application Type
Based on Application Type, Pufa In Global Market is segmented into Dietary Supplement, Infant Formula, Pharmaceutical, and Animal Food and Feed & Others. The Dietary Supplement segment held the largest share in 2019. This is owing to the rising health concerns, the changing lifestyles and dietary habits, and an increase in the number of global sports events that encourage athletes to focus on physical strength demand for dietary supplements. However, the Pharmaceutical segment is set to be the fastest-growing CAGR during the forecast period 2020-2025. This is owing to the growing need for mental health supplements for infants. Developments in the food industry and Healthcare industry are anticipated to fuel the segment growth during the forecast period 2020-2025.
Pufa In Global Market Segment Analysis - By Geography
Based on Geography, The Pufa in Global Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America region dominated the Pufa In Global Market in 2019 with a share of 34.8%. This is owing to the growing health consciousness among consumers and increasing awareness regarding the benefits of omega-3 and Omega-6 fatty acids in the region. However, Asia Pacific is set to be the fastest-growing CAGR during the forecast period 2020-2025. This is owing to the increasing middle-class population, disposable income, and increasing health awareness of the consumption of EPA and DHA ingredients in the Asia Pacific region.
Pufa In Global Market Drivers
Rising demand for omega-3
Omega-3 ingredients are polyunsaturated fatty acids these are essential fatty acids and their only source for humans and animals is from the diet. The Omega-3 PUFA ingredients are used to manufacture products that improve the cardiovascular and cognitive functioning of the human body on being consumed as a part of the diet in recommended amounts. However, the rising application of omega-3 fatty acids in pharmaceutical and clinical nutrition to treat mental disorders such as Alzheimer’s and cardiovascular diseases and omega-3 PUFA ingredients are the factors that drive the global polyunsaturated fatty acids (PUFAs) market.
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Pufa In Global Market Challenges
Conventional omega-3 and omega-6 ingredient manufacturers are facing the prevalent challenges to offer the product with a competitive price range. This is more relevant for the companies that offer omega 3 ingredients from alternative sources, such as krill and algae oils. The companies are facing challenges to sell products at competitive prices relative to fish oil sourced naturally by DHA and EPA.
Pufa In Global Market Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Pufa In Global Market. Key companies of this market are BASF SE, Aker BioMarine AS, Cargill, Incorporated, Enzymotec Ltd, Polaris Nutritional Lipids, Omega Protein Corporation, Koninklijke DSM N.V., GlaxoSmithKline plc, FMC Corporation, Croda International PLC and among others.
Pufa In Global Market Developments:
In April 2018, Polaris to launch new Omega-3 product and concept at Vitafoods. Polaris, a leading international expert in the field of functional lipids, has taken the potential of algal Omega-3 to a new level by launching its Omegavie DHA 650 Qualitysilver5 (high concentrate & highly performing Omega-3 Algal oil).
Key Takeaways
Geographically, The North American region held the highest market share in 2019. This is owing to growing health consciousness among consumers and increasing awareness regarding the benefits of omega-3, and omega-6, are key factors driving the growth of the market in the region.
The factors such as increased demand from the nutrition industry for health supplements and the healthcare industry for mental health and development of infants lead to the growth of the market during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Pufa In Global Market
Related Reports :
A. Fatty Acid Market
https://www.industryarc.com/Report/15848/fatty-acid-market.html
B. Omega-3 PUFA Market
https://www.industryarc.com/Research/Omega-3-PUFA-Market-Research-510275
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