#Omega-3 PUFA Industry Report
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Nannochloropsis-Derived Lipids (Fatty Acids) Market Worth $4.20 Million by 2028
Meticulous Research® –a leading global market research company published a research report titled “Nannochloropsis-Derived Lipids (Fatty Acids) Market by Application (Human Nutrition (Health Supplements & Nutraceuticals, Pharmaceuticals, Other Human Nutritional Applications), Animal Nutrition, and Other Applications) - Global Forecast to 2028.”
In the latest Meticulous Research® report, the Nannochloropsis-Derived Lipids (Fatty Acids) Market is projected to grow at a CAGR of 8.5% from 2021 to 2028, reaching $4.20 million by 2028. The market's expansion is fueled by increasing awareness of the health benefits of omega-3 Polyunsaturated Fatty Acids (PUFAs), rising demand for functional food products, and the prevalence of diabetes and obesity. Moreover, the demand for algae oil-based biofuel and omega-3 from the pharmaceutical industry present promising opportunities for manufacturers of Nannochloropsis-derived lipid (fatty acids). However, the complex production process poses a challenge to market growth.
The global Nannochloropsis-Derived Lipids (Fatty Acids) Market is segmented by application, with human nutrition expected to dominate in 2021. This dominance is driven by the increasing demand for algae oil in nutraceuticals, dietary supplements, infant formula, and functional foods. Within human nutrition, the health supplements & nutraceuticals segment is anticipated to hold the largest share, fueled by the growing health supplements and nutraceutical industry."
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Geographically, Europe is projected to lead the market in 2021, followed by North America and Asia-Pacific. The growth in Europe is attributed to increasing consumption of health and wellness products and the presence of key Nannochloropsis biomass suppliers. The report also profiles key players in the market, including Arizona Algae Products, LLC, Lyxia Corporation, Shaivaa Algaetech LLP, and iwi Life.
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#NannochloropsisDerivedLipidsMarket#GlobalNannochloropsisDerivedLipids(Fatty Acids)Market#Fatty Acids Market
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Bioactive Ingredients: A Deep Dive into Growth Factors and Competitive Strategies
The global bioactive ingredients market size is expected to reach USD 317.90 billion by 2030, registering a CAGR of 7.9% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for functional food and beverages owing to increasing awareness among people regarding healthy living. Furthermore, the increasing use of beauty care products owing to rising disposable income and improving the standard of living is fueling the product demand. Bioactive ingredients are a set of essential substances produced by natural sources, such as plants and animals, as they are not synthesized by the human body. There are two types of ingredients, namely, essential and non-essential.
Bioactive Ingredients Market Report Highlights
The omega 3 PUFA segment is estimated to have the fastest CAGR from 2023 to 2030 owing to their high vitamin, protein, and mineral content and application in the treatment of diseases, such as cancer, asthma, and depression
The omega-3 fatty acids help lower the risk of abnormal heartbeats or arrhythmias. Furthermore, it helps lower triglyceride levels & blood pressure and slow atherosclerotic plaque growth
The dietary supplements application segment will witness the highest growth rate from 2023 to 2030 due to the increasing awareness regarding the benefits of dietary supplements
Asia Pacific is expected to witness the fastest CAGR over the forecast period due to the growing aging population and high demand for functional foods & drinks and dietary supplements
The market is highly competitive due to the presence of a large number of manufacturing companies
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The unconsumed parts of fruits and vegetables contain essential nutrients, which are extracted and further used by food and pharmaceutical manufacturers for the production of functional foods and medicines. The industry offers growth opportunities to manufacturers owing to increasing product usage in dietary supplements. Moreover, the product is extensively used in the development of personal care products, such as shampoos, soaps, and moisturizers. Bioactive ingredients, such as carotenoids, flavonoids, and polyphenols, protect the skin from negative environmental effects, such as pollution. These ingredients also act as antiaging, anti-wrinkling, and whitening agents, as well as offer UV protection.
Asia Pacific is expected to drive the product demand in food products owing to the rising consumer disposable income, rapid globalization, and changing lifestyle in the region. Moreover, growing awareness among consumers in countries, such as China, India, Indonesia, Malaysia, and Japan, about the product benefits will spur its demand in the food & beverages sector. During the pandemic, functional food & beverage manufacturers reported colossal demand for food products that contain natural content. Consumers adopted healthy foods that provide extra nutritional benefits to strengthen immunity due to the rising COVID-19 cases. Thus, F&B manufacturers shifted their focus to the production of functional foods & beverages. This, In turn, augmented the product demand.
#BioactiveIngredients#Nutraceuticals#FunctionalFoods#HealthSupplements#NaturalProducts#Phytochemicals#Biotechnology#NutritionIndustry#FoodScience#DietarySupplements
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Get Insights with Detailed Free Sample Report on Asia-Pacific Polyunsaturated Fatty Acids Industry.
#Asia-Pacific Polyunsaturated Fatty Acids Market#Asia-Pacific Polyunsaturated Fatty Acids Industry#Asia-Pacific Polyunsaturated Fatty Acids Market Report#Asia-Pacific Polyunsaturated Fatty Acids Market Analysis#Asia-Pacific Polyunsaturated Fatty Acids Market Forecast#Asia-Pacific Polyunsaturated Fatty Acids Market Growth#Asia-Pacific Polyunsaturated Fatty Acids Market Research#Asia-Pacific PUFAs Market#Asia-Pacific PUFAs Industry#Asia-Pacific PUFAs Market Report#Asia-Pacific PUFAs Market Trend#Asia-Pacific PUFAs Market Analysis#Asia-Pacific PUFAs Market Research#BIS Research
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Global Polyunsaturated Fatty Acid (PUFAs) Market Is Estimated To Witness High Growth Owing To Increasing Awareness About Health Benefits of PUFAs
The global Polyunsaturated Fatty Acid (PUFAs) Market is estimated to be valued at US$ 5.89 Bn in 2022 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Polyunsaturated Fatty Acids (PUFAs) are essential fatty acids that play a vital role in maintaining overall health. They have several health benefits, including reducing inflammation, improving heart health, boosting brain function, and supporting healthy skin. PUFAs cannot be produced by the body and need to be obtained from dietary sources or supplements. The increasing awareness about the health benefits of PUFAs among consumers is driving the growth of the global PUFAs market. B) Market Key Trends: One key trend driving the PUFAs market is the growing demand for omega-3 fatty acids. Omega-3 fatty acids are a type of PUFAs that are widely recognized for their numerous health benefits. They have been shown to reduce the risk of heart disease, support brain health, alleviate symptoms of arthritis, and promote healthy skin. As a result, there has been a surge in demand for omega-3 fatty acids from various sectors, including food and beverages, pharmaceuticals, and dietary supplements. For example, omega-3 enriched functional foods and beverages are becoming increasingly popular among health-conscious consumers. C) PEST Analysis: Political: There are no major political factors that directly impact the PUFAs market. However, government regulations and policies regarding food safety and labeling requirements can affect the production and marketing of PUFAs. Economic: The economic factors influencing the PUFAs market include GDP growth, disposable income, and consumer spending patterns. A strong economy and increasing disposable income levels can drive the demand for PUFAs. Social: The growing health consciousness among consumers is a significant social factor driving the Polyunsaturated Fatty Acid (PUFAs) Market Demand. Consumers are becoming more aware of the importance of a healthy diet and are actively seeking out functional foods and supplements that contain PUFAs. Technological: Advancements in technology have made it possible to efficiently extract and purify PUFAs from various sources like fish oil, algae, and krill oil. These technological innovations have significantly contributed to the growth of the PUFAs market by expanding the availability of high-quality PUFAs. D) Key Takeaways: - The global Polyunsaturated Fatty Acid (PUFAs) market is expected to witness high growth, exhibiting a CAGR of 8.0% over the forecast period, due to increasing awareness about the health benefits of PUFAs. - North America is expected to dominate the PUFAs market, driven by a well-established dietary supplements industry and increasing demand for functional food and beverages. - Key players operating in the global PUFAs market include Koninklijke DSM N.V, BASF SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker Bio Marine AS, Polaris Nutritional Lipids, FMC Corporation, Cargill Incorporated, and GlaxoSmithKline plc. These companies are focusing on research and development activities to launch innovative PUFAs products in the market. In conclusion, the global Polyunsaturated Fatty Acid (PUFAs) market is experiencing significant growth due to increasing consumer awareness about the health benefits of PUFAs. The demand for omega-3 fatty acids, in particular, is driving market growth. Factors such as technological advancements and a growing focus on health and wellness are also contributing to the expansion of the PUFAs market. With key players actively investing in research and development, the market is expected to witness continued growth in the coming years.
#Polyunsaturated Fatty Acid (PUFAs)#Polyunsaturated Fatty Acid (PUFAs) Market#Polyunsaturated Fatty Acid (PUFAs) Market Size#Polyunsaturated Fatty Acid (PUFAs) Market Insights#Food Ingredients
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Latest Research Report on Omega-3 PUFA Market by Application, Industry Share, End User, Opportunity Analysis 2030 with top players
Omega-3 PUFA (polyunsaturated fatty acids) market refers to the market for products containing omega-3 fatty acids, which are essential nutrients for human health. Omega-3 fatty acids are a type of unsaturated fatty acid that cannot be produced by the body and must be obtained from dietary sources.
The global omega-3 PUFA market is driven by increasing consumer awareness of the health benefits of omega-3 fatty acids, such as their potential to reduce the risk of heart disease, lower blood pressure, and improve brain function. The market includes a range of products such as supplements, functional foods, and pharmaceuticals.
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The omega-3 PUFA market is segmented by source (marine, plant-based), application (supplements, functional foods and beverages, pharmaceuticals, infant formula, pet food), and region. The marine-based omega-3 PUFA segment is expected to hold the largest market share due to the high concentration of EPA and DHA, the two main types of omega-3 fatty acids that are most beneficial to human health, in fish oil.
Key players in the omega-3 PUFA market include BASF SE, Koninklijke DSM N.V., Croda International Plc, Omega Protein Corporation, Cargill, and Corbion N.V. The market is competitive, with companies focusing on product innovation and development, as well as mergers and acquisitions to increase their market share.
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Polyunsaturated Fatty Acids Market Size, Share, Demand, Growth & Trends by 2032
The global polyunsaturated fatty acids market is predicted to create an absolute dollar opportunity by exhibiting a CAGR of 5.4% from 2022 to 2032. The market size reached a valuation of US$ 5459.4 Mn in 2021 and it is to touch a valuation of US$ 5743.3 Mn in 2022. Due to polyunsaturated fatty acid’s widespread application in several industries including pharmaceuticals and healthcare, food & beverages, dietary supplements, infant formula, and several other applications, which is projection a valuation of the market of about US$ 9717.8 Mn by 2032.
As compared to the historical forecast which registered a growth of 6.7% CAGR between 2016 and 2021, the current forecast of the global polyunsaturated fatty acids market size is predicted to show sluggish growth at 5.4% CAGR between 2022 and 2032.
Various multinational companies and key players in the polyunsaturated fatty acids market have established and integrated value chains involved in manufacturing raw materials and supplying omega acids as finished products. These companies are able to integrate across several levels of the value chain whilst maintaining a meticulous supply of raw materials and keeping manufacturing costs at a minimum.
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Key Takeaways
Polyunsaturated fatty acids are vital fatty acids that are essential for brain function and cell growth. These fatty acids are not produced by the human body, they are taken through diets. Owing to its undeniable need for the growth of the body, the demand for polyunsaturated fatty acids is propelling in the global market.
Polyunsaturated fatty acids consist of omega-3 fatty acids and omega-6 fatty acids. They are drastically being replaced by trans and saturated fats by offering various health benefits for the body. PUFAs reduce triglycerides, prevent arrhythmia, lower blood pressure, control blood sugar, and reduce the risk for diabetes.
Furthermore, PUFAs assist in brain development and enhances the body’s ability to absorb fat-soluble vitamins more effectively along with developing and maintaining the body’s cells. Backed by such factors, a sharp rise in the demand for products containing polyunsaturated fatty acids has been witnessed within the last few years and the trend is likely to drive growth in the market.
The surging prevalence of chronic diseases such as cardiovascular diseases, cancer, stroke, and diabetes is expected to show opulent growth in the sales of the polyunsaturated fatty acids market. Moreover, increased consumption of polyunsaturated fatty acids in various end-use industries is expected to push sales across the estimation period.
Factors such as rising awareness about the numerous health benefits of PUFAs and a surge in cardiovascular diseases, along with rising consumption of products with omega-3 fatty acids are driving growth in the global polyunsaturated fatty acids market.
Polyunsaturated fatty acids play a vital role in improving the overall metabolic process which results in enhancing cognitive functions. Consumers are rapidly getting inclined toward high nutritional products is playing a crucial role in boosting sales of polyunsaturated fatty acids.
Competitive Landscape
In order to fulfill the increasing demand for polyunsaturated fatty acids, key manufacturers in the industry are shifting their focus towards improving their production capabilities, R&D investments, collaborative partnerships, and mergers and acquisitions.
The Major Keyplayers are Koninklijke DSM N.V., BASF SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker BioMarine AS
More Insights into the Polyunsaturated Fatty Acids Market
According to Future Market Insights, the U.S. is expected to dominate the North American polyunsaturated fatty acids market by possessing a significant share in terms of consumption. This phenomenal growth in the U.S. is driven by increasing usage of polyunsaturated fatty acids across rapidly expanding industries such as food and beverage, pharmaceutical, and nutraceutical along with the rising prevalence of cardiovascular disorders, and growing consumer awareness about the benefits of PUFAs.
Germany is projected to garner a total revenue share of about 5.9% in the global polyunsaturated fatty acids market by the end of 2022. Growth in the market is driven by the rapid consumption of foods containing polyunsaturated fatty acids.
Polyunsaturated Fatty Acids Market Key segments
By Product Type:
Alpha-Linolenic Acid (ALA)
Docosahexaenoic Acid (DHA)
Eicosapentaenoic Acid (EPA)
Linolenic Acid (LA)
Arachidonic Acid (AA)
By Source:
Algal and Fungus Oil
Fish Oil
Krill Oil
By Application:
Dietary Supplement
Infant Formula
Pharmaceuticals
Food and Beverages
Animal Food and Feed
By Form:
Oil
Syrup
Softgel and Capsule
Other (Powder, Emulsion and Gummy Candy)
By Region:
North America
Latin America
East Asia
Europe
South Asia & Pacific
Middle East & Africa
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Walnuts are derived from walnut tree. Walnuts comprise excellent fats, including monounsaturated and polyunsaturated fats (PUFAs), but are also a precious vegetarian source of vital omega-3 fatty acid. In addition, they contain iron, selenium, calcium, zinc, vitamin E and some vitamins B.
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Global Omega-3 PUFA Market 2019 | Manufacturers In-Depth Analysis Report to 2024
The latest trending report Global Omega-3 PUFA Market 2019-2024 added by DecisionDatabases.com
Omega-3 PUFA, also called ω-3 fatty acids or n-3 fatty acids, are polyunsaturated fatty acids (PUFAs) with a double bond (C=C) at the third carbon atom from the end of the carbon chain. Three types of omega-3 PUFA involved in human physiology are α-linolenic acid (ALA) (found in plant oils), eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) (both commonly found in marine oils). They are considered essential fatty acids and necessary for human health but the body can’t make them. Also they play a role in brain health as well as normal growth and development.
The worldwide market for Omega-3 PUFA is expected to grow at a CAGR of roughly 7.7% over the next five years, will reach 19200 million US$ in 2024, from 12300 million US$ in 2019.
This report focuses on the Omega-3 PUFA in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Market Segment by Manufacturers, this report covers
· DSM
· BASF
· EPAX
· Golden Omega
· TASA
· Omega Protein
· Croda
· Marine Ingredients
· GC Rieber
· Polaris
· Auqi
· Kinomega
· Skuny
· Xinzhou
· Anti-Cancer
· Sinomega
Market Segment by Regions, regional analysis covers
· North America (United States, Canada and Mexico)
· Europe (Germany, France, UK, Russia and Italy)
· Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
· South America (Brazil, Argentina, Colombia etc.)
· Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
· Fish oil type
· Linseed oil type
· Algae oil type
· Other type
Market Segment by Applications, can be divided into
· Dietary supplements
· Functional F&B
· Pharmaceuticals
· Infant formula
· Others field
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The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Omega-3 PUFA product scope, market overview, market opportunities, market driving force and market risks. Chapter 2, to profile the top manufacturers of Omega-3 PUFA, with price, sales, revenue and global market share of Omega-3 PUFA in 2017 and 2018. Chapter 3, the Omega-3 PUFA competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Omega-3 PUFA breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019. Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019. Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019. Chapter 12, Omega-3 PUFA market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024. Chapter 13, 14 and 15, to describe Omega-3 PUFA sales channel, distributors, customers, research findings and conclusion, appendix and data source.
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Other Reports by DecisionDatabases.com:
Global Marine Omega-3 Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
Global Omega-3 Market by Manufacturers, Regions, Type and Application, Forecast to 2023
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#Omega-3 PUFA Market#Omega-3 PUFA Market Report#Omega-3 PUFA Industry Report#Omega-3 PUFA Market Analysis#Omega-3 PUFA Market Growth#Omega-3 PUFA Market Trends#Omega-3 PUFA Market Outlook#Global Omega-3 PUFA Industry Report
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Health Ingredients Market - Forecast 2022 - 2027
Health Ingredients Market Overview
Health Ingredients Market Size is estimated to reach $117.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 7.1% over the forecast period of 2022-2027. Consumers all around the world are seeking food and beverage items that have been scientifically verified to have health advantages. In addition, they are adopting a more holistic approach to health, wellbeing, and nutrition, which is driving the demand for healthy ingredients. Fatty acids, probiotics, prebiotics, protein, nutritional lipids, and functional carbohydrates, among other ingredients, are high on the priority list of customers resulting in greater health advantages. Consumption of omega-3 fatty acid-based supplements and food products, for example, is widely promoted around the world in the belief that something protects against heart diseases such as cardiovascular disease, which is the leading cause of death worldwide, accounting for more than 17.6 million deaths per year in 2019. Omega-3 fatty acids (EPA and DHA) are employed for bone and brain health in addition to heart problems.
The demand for health components such as omega-3, vitamins, omega-6, and probiotics is rapidly expanding as consumers focus more on fitness, wellbeing, and nutrition from a holistic perspective. Furthermore, an increase in consumers seeking products with extra functional benefits and claim substantiation to satisfy their unique health needs are some of the factors driving the Health Ingredients Market growth during the forecast period 2022-2027.
Report Coverage
The report: “Health Ingredients Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Health Ingredients Market.
By Product Type- Vitamins and Minerals, Omega PUFA, Probiotics & Prebiotics, Amino Acids, Proteins & Peptides, Fibres, Botanical Extracts and Others.
By Application- Bakery, Candy, Snacks, Milk Beverages, Fruit Juice, Others.
By Distribution Channels- Hospital Pharmacy, Retail Pharmacy, and Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).
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Key Takeaways
Geographically, North America held a dominant market share in the year 2021 on account of the increasing prevalence of musculoskeletal disorders, highly informed people knowing the benefits of Health Ingredients and high healthcare expenditure. Asia-Pacific is estimated to offer lucrative growth opportunities to the manufacturers owing to the increasing demand for Health Ingredients.
The growing prevalence of musculoskeletal disorders is estimated to drive the market growth of the Health Ingredients Market. Owing to the side effects of Health Ingredients, the market’s growth might get impeded.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Health Ingredients Market Report.
Health Ingredients Market Segmentation Analysis- By Product type
Health Ingredients Market based on product type can be further segmented into Vitamins and Minerals, Omega PUFA, Probiotics & Prebiotics, Amino Acids, Proteins & Peptides, Fibres, Botanical Extracts. Vitamins and Minerals held a dominant market share in the year 2021 and is estimated to be the fastest-growing, with a CAGR of 8.6% over the forecast period of 2022-2027 owing to its benefits like immunity boosting. According to NIH 2019, Vitamins and Minerals are nutrients that our bodies require in order to develop and operate properly. A, C, D, E, and K, as well as the B vitamins thiamine (B1), riboflavin (B2), niacin (B3), pantothenic acid (B5), pyridoxal (B6), cobalamin (B12), biotin, and folate/folic acid, are all recognized vitamins. Calcium, phosphorus, potassium, sodium, chloride, magnesium, iron, zinc, iodine, sulphur, cobalt, copper, fluoride, manganese, and selenium are all vital minerals for good health.
According to NCBI, in 2021, Vitamin C has antiviral characteristics that include boosting interferon-alpha production, regulating cytokines, lowering inflammation, alleviating endothelial dysfunction, and restoring mitochondrial function. Vitamin D is a steroid that has antioxidant and anti-inflammatory effects. It contributes to the proper calcium-phosphorus metabolism. Vitamin D has been shown to decrease the upregulation of inflammatory cytokines such as IL-1, IL-1, and tumour necrosis factor-alpha. Hence, Vitamins and minerals are dominating the market.
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Health Ingredients Market Segmentation Analysis- By Application
Health Ingredients Market based on the application can be further segmented into Functional Bakery, Candy, Snacks, Milk Beverages, Fruit Juice, and Other. The Milk Beverages segment held a dominant market share in the year 2021 and is estimated to be the fastest-growing, with a CAGR of 8.9% over the forecast period of 2022-2027 owing to rising demand for milk and milk-related products. Vitamin D, calcium, potassium, magnesium, and vitamin A are all found in abundance in these beverages. As a result, they can give beneficial nourishment and aid in the reduction of nutritional deficiencies. Whey-based beverages, cereal-based beverages, and milk-based malted health drinks are all examples of milk-based beverages. Several Kombucha starters are used to create milk-based drinks. World milk production has climbed by more than 60% in the previous three decades, from 530 million tonnes in 1988 to 852 million tonnes in 2019.
According to FAO, in 2020, Milk production is carried out by around 150 million families throughout the world. Developing nations have grown their proportion of global dairy output in recent decades. Thus, milk beverages are dominating the market
Health Ingredients Market Segmentation Analysis- By Geography
The Health Ingredients Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 33% in the year 2021 as compared to its other counterparts on account of the rising prevalence of musculoskeletal disorders owing to vitamin and supplement deficiency. However, Asia-Pacific is estimated to be the fastest-growing, over the forecast period of 2022-2027 on account the majority of the population in this region is vitamin and mineral deficient, leading makers of dietary supplements, functional foods and drinks have a chance to expand their footprints and reinforce their position as a regional market leader. Malnutrition, viral and diarrheal disease, and respiratory sickness are all linked to vitamin A deficiency. Also, Xerophthalmia (abnormal dryness of the eyes) affects 5 to 10 million children each year, with 500,000 instances resulting in visual loss. Moreover, Subclinical vitamin A insufficiency affects over 100 million children worldwide, with over one million deaths each year.
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Health Ingredients Market Drivers
Arthritis Patients Consider Natural Health Ingredients to be Highly Effective is Enhancing the Industry
Global populations are ageing, and with that comes an increased risk of acquiring disorders of the bones and joints. Musculoskeletal disorders are the biggest cause of morbidity throughout the world, resulting in a high reliance on supplements and other therapeutic approaches. Vitamins and minerals, such as calcium, vitamin D, and vitamin C, are widely eaten to minimise the chance of developing bone and health problems. Vitamin D is necessary for the development of strong, healthy bones and teeth. According to the CDC, arthritis affects 24% of all adults in the United States or 58.5 million individuals in 2021. It is one of the most common causes of work incapacity. Moreover, according to the American orthopaedic association 2020, Vitamin D is necessary for the formation, maintenance, and operation of the musculoskeletal system. Vitamin D levels that are adequate are linked to higher bone mineral density, fewer osteoporotic fractures, and better neuromuscular performance. Vitamin D insufficiency is spreading across the United States, even among those who have never been classified as “at-risk”. Vitamin D insufficiency is becoming more common not just among patients with known risk factors, such as African-American or Mexican-American ethnicity, obesity, or diabetes, but also among younger people and those with no history of cancer. Hence, the rising prevalence of diseases owing to vitamin deficiency is driving the market.
Rising usage of healthy ingredients in sports drives market growth
Sports supplements (also known as ergogenic aids) are nutritional supplements that comprise vitamins, minerals, amino acids, herbs, or botanicals (plants) in any concentration, extract or combination. These items are often accessible without a prescription over the counter. Tablets, capsules, liquids, powders, and bars are some of the dietary supplements available to help with exercise and sports performance. Many of these items contain a variety of components in varying quantities and combinations. Moreover, whey supplements were consumed by 40% of gym-goers in India in 2019, according to MuscleBlaze. Furthermore, as more people participate in sports activities and events, fitness enthusiasts are using supplements to improve their endurance, strength, and stamina. Amino acids, protein, creatine, and caffeine are some of the most frequent constituents. Hence, the Rising use of healthy ingredients in sports driving the market.
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Health Ingredients Market Challenges
Side effects owing to High Doses of Health Ingredients restrain the market growth
Patients with vitamin A & D poisoning experience hypercalcemia symptoms such as nausea, dehydration, and constipation, as well as hypercalciuria symptoms such as polyuria and kidney stones. In a Canadian national survey, over 80% of children aged 1-3 years who took dietary supplements consumed vitamin A and niacin at levels above the upper limit. In the U.S., excessive intake was noted for vitamin A (97%) and zinc (68%) among toddlers who were given supplements. High-quality evidence is lacking on the long term adverse effects of excess intake of several nutrients so it is unclear whether this is a cause for concern. Excessive use of animal dietary sources, such as liver or fish oil, as well as preformed vitamin A pills, raises the risk of vitamin A toxicity since many multivitamins contain both preformed and provitamin A. Therefore, toxicity owing to healthy ingredients is restraining the market.
Health Ingredients Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Health Ingredients Market. The top 10- Health Ingredients Market companies are-
Archer Daniels Midland Company
Associated British Foods
E. I. du Pont de Nemours and Company
Koninklijke DSM N.V.
BASF SE
Kerry Group plc
Associated British Foods plc
Arla Foods
NutraMarks Inc.
Pharmavite LLC
Recent Developments
In April 2022, Bioberica announced the launch of a new ingredient and products at “Vita-Foods”. The former company is a life-science pioneer, and their announcement would introduce two near health-area food coverage digestive health upliftment and enhancement of skin and beauty. Additionally, a range of functional ingredients for food applications will be introduced, a form which will help in type-II collagen ingredient joint-health upliftment.
In April 2022, the Kerry group announced their innovation for BC-30 or Bacillus Coagulans GBI030, 6086. The former was only available in powder format, however, with innovation in liquid format- the product reach for functional and healthy beverages can be touched, thereby portraying a significant boost for the healthy ingredient market. The studies for the same are now supported by around 25 digestive health benefits, immune health upliftment, and others.
In October 2020, Archer Daniels Midland Company launched PlantPlus Foods, a joint venture between Marfrig and ADM, after receiving regulatory clearances. PlantPlus Foods will offer a comprehensive range of completed plant-based food products across North and South America, supported by unrivalled technology, size, and experience.
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#Health Ingredients Market Share#Health Ingredients Market Size#Health Ingredients Market Price#Health Ingredients Market Forecast
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Packaged Vegan Foods Market - Forecast (2022 - 2027)
EPA & DHA Omega-3 PUFA Market size is estimated to reach $5.28 billion by 2027, growing at a CAGR of 7.81% during the forecast period 2022-2027. Omega-3 fatty acids also termed Omega-3 oils, ?-3 fatty acids, or n-3 fatty acids, are polyunsaturated fatty acids (PUFAs) featured by the existence of a double bond, three atoms away from the terminal methyl group in their chemical structure. They are extensively distributed in nature, being significant components of animal lipid metabolism, and they play a vital role in the human diet and in human physiology. The three kinds of omega-3 fatty acids included in human physiology are ?-linolenic acid (ALA), discovered in plant oils, eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA), both typically discovered in oils of marine fish. Currently, the oilseed crop has been genetically engineered to generate the long-chain omega-3 polyunsaturated fatty acids, eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA) at levels identical to that discovered in fish oil, to offer a more sustainable source of these compounds than is prevailing from wild fish capture. Investigations including omega-3 fatty acid supplementation and pregnancy have indicated everyday intake of eicosapentaenoic acid and docosahexaenoic acid with either fish oil with DHA (0.5 g) and EPA (0.15 g) or with methyltetrahydrofolic acid (400 ?g), both, or placebo, from gestation week 22.
The surging inclusion of eicosapentaenoic acid and docosahexaenoic acid in the everyday diet of consumers is set to drive the EPA & DHA Omega-3 PUFA Market. The soaring applications of eicosapentaenoic acid and docosahexaenoic acid in food, dietary supplements, and clinical nutrition are set to propel the growth of the EPA & DHA Omega-3 PUFA Market during the forecast period 2022-2027. This represents the EPA & DHA Omega-3 PUFA Industry Outlook.
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Report Coverage
The report: “EPA & DHA Omega-3 PUFA Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the EPA & DHA Omega-3 PUFA Market.
By Type: Docosahexaenoic acid (DHA), Eicosapentanoic acid (EPA), Alpha-Linolenic Acid (ALA), Others. By Source: Marine, Plant. By Application: Food And Beverages (Functional Foods & Beverages, Infant Formula), Dietary Supplements, Pharmaceuticals, Animal Nutrition, Others. By Geography: North America (U.S, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).
Key Takeaways
Geographically, North America EPA & DHA Omega-3 PUFA Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the surging awareness regarding eicosapentaenoic acid and docosahexaenoic acid and the subsequent strong demand from health-conscious consumers in the North American region.
EPA & DHA Omega-3 PUFA Market growth are being driven by the soaring demand for polyunsaturated fatty acids including eicosapentaenoic acid and docosahexaenoic acid in functional foods and surging concerns for healthcare. However, the heightening cost of fish oil is one of the major factors hampering the growth of the EPA & DHA Omega-3 PUFA Market.
EPA & DHA Omega-3 PUFA Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the EPA & DHA Omega-3 PUFA Market report.
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EPA & DHA Omega-3 PUFA Market Segment Analysis – By Type
The EPA & DHA Omega-3 PUFA Market based on type can be further segmented into Docosahexaenoic acid (DHA), Eicosapentaenoic acid (EPA), Alpha-Linolenic Acid (ALA), and Others. The Eicosapentaenoic acid (EPA) Segment held the largest market share in 2021. This growth is owing to the heightening awareness regarding the health advantages of Eicosapentaenoic acid. The prenatal everyday supplementation of EPA has been discovered to provide an improved safeguard against allergic results in infants and children up to school-going age. The proliferating application of Eicosapentaenoic acid n animal feed and clinical nutrition is further propelling the growth of the Eicosapentaenoic acid (EPA) segment.
Furthermore, the Docosahexaenoic acid (DHA) segment is estimated to grow with the fastest CAGR of 8.4% during the forecast period 2022-2027 owing to the vital role of Docosahexaenoic acid for brain development at the time of pregnancy and early childhood and also its protective action against ailments like arthritis.
EPA & DHA Omega-3 PUFA Market Segment Analysis – By Application
The EPA & DHA Omega-3 PUFA Market based on the application can be further segmented into Food And Beverages, Dietary Supplements, Pharmaceuticals, Animal Nutrition, and others. The Dietary Supplements Segment held the largest market share in 2021. This growth is owing to the soaring accessibility of dietary supplements including Eicosapentaenoic acid and Docosahexaenoic acid worldwide. Eicosapentaenoic acid is utilized in integration with docosahexaenoic acid (DHA) in fish oil preparations for an assortment of conditions, inclusive of averting and reversing heart disease. The surging awareness of the health benefits of Eicosapentaenoic acid and Docosahexaenoic acid is further propelling the growth of this segment.
Furthermore, the Food And Beverages segment is estimated to grow with the fastest CAGR of 8.6% during the forecast period 2022-2027 owing to the surging application of Docosahexaenoic acid in infant formula in conjunction with the proliferating birth rates and purchasing power of parents worldwide.
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EPA & DHA Omega-3 PUFA Market Drivers
Soaring Benefits Of Eicosapentaenoic Acid (EPA) Are Projected To Drive The Growth Of EPA & DHA Omega-3 PUFA Market:
Eicosapentaenoic acid (EHA) brings about certain very powerful health benefits. Investigations indicate that the eicosapentaenoic acid in fish oil supplements can assist in the reduction of numerous hazard determinants pertaining to cardiovascular disease, inclusive of arterial calcification, high blood pressure, and raised triglycerides. Introductory research recommends that EPA assists in averting the build-up of calcium residues in arteries. It minimizes the symptoms of depression. It alleviates the symptoms of menopause. It minimizes symptoms and delays the advancement of rheumatoid arthritis. The soaring benefits of Eicosapentaenoic Acid (EPA) are therefore fuelling the growth of the EPA & DHA Omega-3 PUFA Market during the forecast period 2022-2027.
EPA & DHA Omega-3 PUFA Market Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the EPA & DHA Omega-3 PUFA Market. Key companies of this market are:
Zymes LLC
Barleans Organic Oils
Denomega Nutritional Oils
Copeinca ASA
Martek Biosciences Corporation
Omega Protein Corp
Horizon Organic
Golden Omega
Pharma Marine USA LLC
Pesquera Pacific Star S.A.
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Recent Developments
In December 2021, Horizon Organic who declared this summer that it would halt the purchase of milk from 89 organic dairy farms in the Northeast next August has proffered to expand those contracts for another six months. Danone, the parent firm of Horizon Organic, alerted officials in Vermont, Maine, and New York this week. The 28 farms in Vermont and a total of 61 in Maine, New Hampshire, and New York were anticipated to lose their contracts at the end of August next year when Danone would halt the purchase of milk in the region.
In October 2021, GC Rieber VivoMega declared the introduction of the VivoMega soft-gel sampling program. Accessible to North American customers, the firm pronounces that the samples will demonstrate how its omega-3 constituents can be utilized to aim distinct health advantages. The constituent is targeted to permit better taste and smell, and with omega-3 oils, there is a minimum sensory experience, inclusive of minimization in fishy aftertaste or belches.
In March 2021, Horizon Organic® Growing Years™ teamed with pediatricians to extend the product line. With novel partners in tow, the natural dairy brand doubles down on development in this key sector. Horizon Organic® declared the extension of its Growing Years™ line to presently involve low-fat yogurt pouches, cultured dairy smoothies, reduced-fat milk half gallons, and single-serve whole milk boxes accessible currently at grocery stores countrywide.
#Packaged Vegan Foods Market#Packaged Vegan Foods Market Share#Packaged Vegan Foods Market Size#Packaged Vegan Foods Market Price
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Omega 3 PUFA Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2028
The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Omega 3 PUFA Market. The rising demand for the Omega 3 PUFA Market is expected to drive the demand for Omega 3 PUFA Market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
According to the latest analysis by Emergen Research, the projected growth figures are attributed to increasing awareness about the array of health benefits provided by omega-3, a shift in preference from curative healthcare to preventive healthcare, and favorable government regulations. Clinical studies have shown the preventive and therapeutic effects of omega-3 PUFAs on various illnesses such as coronary heart disease, rheumatoid arthritis, cancer, neurodegenerative, neuropsychiatric, and inflammatory diseases. There is an increasing demand for omega-3 in functional food & beverages, dietary supplements, infant formula, animal feed & pet food. The commercial production processes, in turn, is expected to drive market’s growth during the forecast period.
The dietary supplements accounted for largest revenue share in 2020, followed by infant formula, and functional food & beverages. Omega-3 PUFA is extensively used in dietary supplements because of its wide-ranging importance and benefits. Consumption of these supplements is expected to increase during the forecast period, which in turn, is expected to boost the application of omega-3 PUFA in dietary supplements.
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Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Omega 3 PUFA market, gauging their revenue share over the forecast timeline. Furthermore, the report analysis the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Overview:
The research report on the Omega 3 PUFA market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Omega 3 PUFA business sphere.
Key Objectives of the Report:
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Omega 3 PUFA market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Major companies in the omega-3 PUFA market are Cargill Inc., BASF SE, Croda International Plc, Golden Omega S.A., Omega Protein Corporation, GC Rieber Oil, Royal DSM, Solutex GC, Pharma Marine AS, and Arista Industries, Inc.
Emergen Research has segmented omega-3 PUFA market based on type, source, application, and region:
Type Outlook (Revenue, USD Billion; 2021–2028)
Source Outlook (Revenue, USD Billion; 2021-2028)
Application Outlook (Revenue, USD Billion; 2021-2028)
Docosahexaenoic Acid (DHA)
Eicosapentaenoic Acid (EPA)
Alpha-linolenic Acid (ALA)
Marine Source
Plant Source
Functional Food & Beverages
Dietary Supplements
Infant Formula
Pharmaceuticals
Animal Feed & Pet Food
The report addresses the following key points:
The report provides a forecast of market drivers, restraints, and future opportunities for the Omega 3 PUFA market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the Omega 3 PUFA market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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Global Omega 3 PUFA Market: Scope, Share, Future, Opportunity, Driver, Status, Forecast to 2027
Omega 3 PUFA Market Overview: Maximize Market Research has Published an intelligence report entitled Global Omega 3 PUFA Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2027 that is the complete creation of meticulous primary and secondary research. The report thoroughly covers analysed insights in view of the market along with its ever-changing patterns, industry environment, and all dominant aspects of the market. This research methodology has been applied to examine the global Omega 3 PUFA market and these findings have been logically mentioned in this report. Request For Free Sample: https://www.maximizemarketresearch.com/request-sample/27214
Market Scope:
Global Omega 3 PUFA Market 2021 research report 2027 provides vital statistics and analytical knowledge to grant an entire understanding of the market size, share, growth, trend, demand, top player and industry summary, opportunities, worth cycle, end-users, technology, types and application. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The qualitative and quantitative data provided in the Omega 3 PUFA market study can help decision-makers understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas. The report also includes the competitive landscape of key players in the industry along with emerging trends in the Omega 3 PUFA market. PESTEL Analysis: The reports provided by Maximize Market Research provide PESTEL analysis to help you shape your business strategy. Political factors such as taxation, environmental regulations and tariffs help governments determine the extent to which they can influence the Omega 3 PUFA market. Economic factors such as interest rates, exchange rates, inflation and wage rates, and minimum wages can help you analyze the determinants of economic performance that affect the Omega 3 PUFA market. Legal factors help us understand the impact of environmental impacts and consideration on the market. Segmentation:
Omega 3 PUFA Market
Report CoverageDetails
Base Year:2020Forecast Period:2021-2027
Historical Data:2016 to 2020Market Size in 2020:US $ 1.45 Bn
Forecast Period 2021 to 2027 CAGR:3.89 %Market Size in 2027:US $ 1.82 Bn
Segments Covered:by Type• Docosahexaenoic acid (DHA) • Eicosapentaenoic acid (EPA) • Alpha linoleic acid (ALA)
by Source• Marine Sources o Fish oils o Algal oils o Krill oils o Other • Plant Source o Flaxseed oil o Chia Seed oil o Other
by Application• Dietary supplements • Functional foods & beverages • Pharmaceuticals • Infant formula • Others
Key Players: • Cargill Incorporated • FMC Corporation • Croda International PLC • Royal DSM • Omega Protein Corporation • Arista Industries Inc. • Denemoga • Polaris • Pharma Marine LLC. • GOED Omega 3 • Croda International PLC • GC Rieber Oils • BASF SE • Pelagia AS • Koninklijke DSM NV • Arjuna Natural • Corbion NV • Archer Daniels Midland Company The competitive landscape is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Omega 3 PUFA market to know the competition at both the domestic and global levels. The key aspects such as areas of operation, production, and product portfolio. Additionally, companies in the report are studied based on key factors such as company size, market share, market growth, revenue, production volume, and profits. In additional Omega 3 PUFA Market Share analysis of players, in-depth profiling, product/service and business overview, the study also concentrates on BCG matrix, heat map analysis, Competitive Benchmarking along with SWOT analysis to better correlate market competitiveness. Get more Report Details: https://www.maximizemarketresearch.com/market-report/global-omega-3-pufa-market/27214/
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Omega 3 PUFA market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa. COVID-19 Impact Analysis on Omega 3 PUFA Market: The report has identified detailed impact of COVID-19 on Omega 3 PUFA market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Omega 3 PUFA market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business. Key Questions answered in the Omega 3 PUFA Market Report are: Which product segment grabbed the largest share in the Omega 3 PUFA market? How is the competitive scenario of the Omega 3 PUFA market? Which are the key factors aiding the Omega 3 PUFA market growth? Which region holds the maximum share in the Omega 3 PUFA market? What will be the CAGR of the Omega 3 PUFA market during the forecast period? Which application segment emerged as the leading segment in the Omega 3 PUFA market? Which are the prominent players in the Omega 3 PUFA market? What key trends are likely to emerge in the Omega 3 PUFA market in the coming years? What will be the Omega 3 PUFA market size by 2027? Which company held the largest share in the Omega 3 PUFA market? About Us: Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors. Contact Us: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2, Pune Bangalore Highway, Narhe, Pune, Maharashtra 411041, India. Phone No.: +91 20 6630 3320
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Omega-3 PUFA Market Business Developments Includes Opportunities and Growth Forecast during 2021-2025
The latest research report from Market Research Future (MRFR) provides a comprehensive overview of the global omega-3 PUFA (polyunsaturated fatty acids) market. The global omega-3 PUFA market trends is studied in detail in the report in order to provide indicators as to the growth trajectory of the market in the coming years. Historical growth trends prevalent in the market are studied in the report in order to provide readers with a complete overview of the major factors acting on the market. Key drivers and restraints are studied in the report in extra detail. Major players operating in the global omega-3 PUFA market are also studied in the report.
Growing awareness about the health benefits of omega-3 PUFAs is likely to be the major driving factor for the global omega-3 PUFA market over the forecast period. Omega-3 and omega-6 PUFAs play an essential role in maintaining the body’s immune system, skin health, as well as nervous system. Brain function may also be enhanced by regular consumption of omega-3 PUFAs. Growing research into PUFAs has resulted in increasing consumer awareness about omega-3 as well as omega-6 PUFAs, leading to easy commercialization opportunities for manufacturers. The increasing demand for dietary supplements and related products is likely to be a key driver for the omega-3 PUFA market over the forecast period.
The increasing demand for preventative medicine rather than curative medicine is likely to be a major driver for the omega-3 PUFA market. With growing awareness, consumers in many parts of the world are opting to live a lifestyle that will enable disease prevention. This includes an increasing emphasis on exercise and nutrition, with the consumption of healthy foods being a high priority. Food supplements have thus become important in the global food and beverage industry, carving out a strong niche in the latter, especially in developed regions such as the U.S. and Europe. This is likely to be a major driver for the omega-3 PUFA market over the forecast period, as the majority of omega-3 PUFAs consumed are consumed as supplements.
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Competitive Analysis:
Leading players in the global omega-3 PUFA market include GC Rieber Oils, Croda International plc, Pharma Marine AS, Polaris, GOED Omega-3, Arista Industries Inc., Omega Protein Corporation, Royal DSM, FMC Corporation, and Cargill Inc. Leading players in the omega-3 PUFA market are likely to focus on product diversification and acquisitions in the coming years in order to build up a solid portfolio of products and regional markets.
In September 2019, a study found that fish oil capsules on sale in New Zealand have been marketed with inflated figures concerning PUFA volume and may contain half the advertised amount. While the omega-3 PUFA market is growing steadily, scandals such as this may hold the industry back in its nascent years.
Segmentation:
The global omega-3 PUFA market is segmented on the basis of product type, source, application, and region.
By product type, the global omega-3 PUFA market is segmented into eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and alpha-linolenic acid (ALA).
By source, the global omega-3 PUFA market is bifurcated into plants and marine sources. The plant sources segment is further sub-segmented into flaxseed, chia seed, and others. The marine segment is further segmented into fish oil, algal oil, krill oil, and others.
By application, the omega-3 PUFA market is segmented into dietary supplements, functional food and beverages, animal feed, pharmaceuticals, infant formula, and others.
Regional Analysis:
North America is likely to be the largest regional market for omega-3 PUFAs over the forecast period due to the growing awareness about the health benefits of PUFAs and the increasing incorporation of dietary supplements. The growing demand for preventive measures that can delay or prevent the onset of neurodegenerative conditions such as Alzheimer’s and Parkinson’s disease is likely to be a major driver for the omega-3 PUFA market over the forecast period.
North America is followed by Europe and Asia Pacific, with the latter expected to exhibit the highest growth rate over the forecast period.
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Omega-6 PUFAs Market to receive overwhelming hike in Revenues by 2031
Omega-6 PUFAs Market Forecast and CAGR
According to latest research by Transparency Market Research, omega-6 PUFAs market is set to witness steady growth during 2021-2031. Demand for omega-6 PUFAs will witness steady growth in short-term, with optimistic growth outlook in the long-run. Increasing demand from supplement & fitness industry would mean growth opportunities in near future, however, sales of omega-6 PUFAs in pet foods industry will provide momentum.
What is Driving Demand for Omega-6 PUFAs?
The increasing awareness about the key benefits that the omega nutrients have to offer to not just humans but other animals as well is the reason for its acceptance. The nourishments that this product offers are unmatched to other similar products. This can either be extracted or can be utilized in combination with other Omegas such as Omega 3 and omega 9.
Moreover, the increasing utilization in numerous industries is what is accelerating its market growth. The trends show a significant growth in its utilization from the past decade. The modern consumers with their hectic work-centric lifestylevs and increasing disposable income is what is driving its increased demands. Majority population is opting for supplements and dietary choices that are wholesome and maintains body.
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Also, the increasing popularity of pets and the animal husbandry industries are also aiding to this product’s market growth. As more and more people are opting for adopting or buying pets the more is the increase in demand for their nutrition. Omega-6 PUFAs simply do not limit their use to just people but animals as well. Moreover, their origin from various sources do not limit their utilization to evolving diet choices.
Pet Food Industry Likely to Augment Omega-6 PUFAs Sales
The increasing popularity of having pets in households is a key factor that is aiding to the growth of this product’s marketplace. Especially among dogs the omega-6 PUFAs are an essential bodily requirement for reproduction, growth, immune function, skin as well coat health. Owing to its necessity the pet owners are trying to provide their pets with the best supplements possible.
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Fitness Industry Recovery Likely to Grow Omega-3 PUFAs market
The one industry in which the omegas are increasingly utilized is the fitness and gymnastics industry. The athletes require these supplements to improve body metabolism, performance, etc. The marine derived are the most prescribed and utilized in form of fish oil. The increasing fitness trends and the need to look fair and young are what is enhancing the product’s sales.
China Omega-6 PUFAs Market Outlook
In a report published by the food and agriculture organization of the U.S. it is concluded that China is the top producer as well as exported of fish. According to the data in the report China in 2015 produced more than 60 Mn tons of fish, in which about 70% was produced from aquaculture and the rest were captured.
The raw material for the production of Omega-6 PUFAs is innumerably high and the technological availability as well as human resource are top class in the country.
The covid-19 pandemic did cast some hinderances and a decline in the usual fish consumption trend was observed as a result of circulating theories about the marine origin of the virus.
The post-pandemic trends indicate that the market has marked a significant growth per year and an average production growth rate of about 9% per year. But as the situation is improving and things getting back as they were the market is expected to observe a steady growth in the forecast period. The utilization of the product in the domestic market is also an optimistically anticipated growth trend.
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U.S. Demand Outlook for Omega-6 PUFAs
The U.S. is the country with the most pet dog population and this brings opportunities for product manufacturers to introduce their pet supplements line in the country. The utilization of pet foods in the country is highest and this calls for the utilization of omega-6 as a pet nourishment and specially for dogs. The population trends are projected to increase given the impact of social media and hence the market for Omega-6 PUFAs as well.
The fitness industry in the country is also observing its glory days and the demand for dietary supplements in various food trends is what is accelerating the product’s market growth. Also, the increasing utilization in skincare & cosmetics which again is a growing market in the country is aiding to the product’s market growth. This makes it a lucrative business in the country.
Who are the Key Manufacturers and Suppliers of Omega-6 PUFAs?
Some of the leading manufacturers and suppliers of the product includes Merck KGaA, Nature’s Bounty, Solgar Inc., Simply Potent, Vitamin Discount Center, LLC., VitaStrength, Natural Med Lab, Sanar Naturals, GNC Live Well, 21ST Century HealthCare Inc., Puritan's Pride, Wonder Paws, The Veggie Doctor, Revival Animal Health, Pure Nutrition, The Hain Celestial Group, Inc., AU Natural Organics, Dechra, Purity Products, United Nutritionals, and others.
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Omega-3 PUFA Market Size to Grow at a CAGR of 7% During the Forecast Period 2021-2026
Omega-3 PUFA Market size in 2020 is estimated to be $3 billion, growing at a CAGR of 7% during the forecast period 2021-2026. Omega-3 is an essential fatty acid found in fish oil & plants that acts to lower level of cholesterol and LDL low density lipoprotein in the blood. It cannot be synthesized by human body so consumers consume omega-3 from animal and plant source. There are three main omega-3 fatty acid are alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). Increasing consumption of dietary supplements coupled with rising awareness about health benefits of omega-3 are the major factors driving the growth of the market. Moreover, Increasing demand of omega-3 in functional foods & pharmaceuticals industries further enhance the overall market demand for Omega-3 PUFA during the forecast period 2021-2026.
Omega-3 PUFA Market Segment Analysis - By Type
Based on the Type, Omega-3 PUFA Market is segmented into Alpha-linolenic acid (ALA), Eicosapentaenoic acid (EPA), Docosahexaenoic acid (DHA). The Docosahexaenoic acid (DHA) segment is forecast to be the fastest-growing segment growing at a CAGR of 6.5% during the forecast period 2021-2026. This is mainly owing to its rising demand in infant formulas, dietary supplements, and clinical nutrition. DHA is reported to memory and support generation of nerves.
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Omega-3 PUFA Market Segment Analysis - By Source
Based on the Source type, Omega-3 PUFA Market is segmented into Marine source, Plant source. In 2020, Marine source is estimated to account for major share of the market. The major source of omega-3 is fish oil and other marine organisms. However, the plant source is projected to be the fastest-growing as more people are switching to vegetarianism.
Omega-3 PUFA Market Segment Analysis - By Geography
North America dominated the Omega-3 PUFA market share accounting for 43% of the market in 2020. This is owing to rising awareness among consumers about health benefits of omega-3 and rise in research activities in the region contribute to its dominance. However, the Asia Pacific region is projected to be the fastest-growing during the forecast period 2021-2026. This is mainly owing to rising demand of infant nutritional formula owing to high birth rates in countries such as China, India. According to a Green Book of Population and Labor co-released by the Chinese Academy of Social Sciences and Social Sciences Academic Press in January 2019, population of China to reach its peak at 1.44 billion in 2029.
Omega-3 PUFA Market Drivers
Increasing Prevalence of Chronic Diseases
Increasing prevalence of chronic diseases such as diabetes, cancer and others across the globe is driving the growth of Omega-3 PUFA market as omega-3 PUFA is increasingly used for helping in chronic disease treatments. According to the International Diabetes Federation, in 2019, around 463 million adults are living with diabetes and by 2045 to reach 700 million.
Rising awareness among consumers
Rising awareness among the people about health benefits of omega-3 are some factors driving the growth of the market. The American Heart Association (AHA) recommends that everyone should eat fish which contain high omega-3 fatty acid at least twice in a week that helps in preventing heart diseases. Moreover, changing preference of the people have led to increased consumption of health supplements which is also set to drive the market growth.
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Omega-3 PUFA Market Challenges
Finite supply of fish oil and strict regulation by government authorities is challenging the growth of the market. For instance, according to the IEG (International Expert Group) recommendations, The EPA content in infant formula should not exceed the DHA content, which poses a hurdle for key players eager to launch EPA-based infant formula products. Moreover, with the outbreak of COVID-19 most industries including food and beverage industry have been impacted owing to supply chain disruptions. These have impacted the omega-3 PUFA market as well even though the demand of omega-3 had increased to boost immunity. According to Global Organization for EPA & DHA omega-3s (GOED), in the initial days of the COVID-19 outbreak, omega-3s experienced a surge in demand from consumers to bolster their health.
Omega-3 PUFA Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Omega-3 PUFA Market. Omega-3 PUFA top 10 companies are Cargill, BASF, DSM, Croda International Plc, omega Protein Corporation, KD pharma, Lonza, Novotech Nutraceuticals Inc, Corbion NV, Clover Corporation Ltd.
Acquisitions/Product Launches:
In January 2019, KD pharma group has acquired a manufacturing site in UK to expand capacity for manufacturing omega-3. This acquisition expands its leading position in omega-3 pharmaceutical market.
In April 2018, Polaris, a leading international expert in the field of functional lipids, has launched Omegavie DHA 650 Qualitysilver5, high concentrate & highly performing Omega-3 Algal oil.
Key Takeaways
In 2020, North America dominates the Omega-3 PUFA Market owing to high consumption of pharmaceutical and food products that constitute Omega-3.
Growing incidence of cardiovascular diseases and other chronic disease are driving the market growth.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Omega-3 PUFA Market report.
Finite supply of fish oil and strict regulation by government authorities are challenging the growth of the market.
Related Reports :
A. EPA and DHA Omega-3 PUFA Market
https://www.industryarc.com/Report/19060/epa-and-dha-omega-3-pufa-market
B. Omega 3 Supplement Market
https://www.industryarc.com/Research/Omega-3-Supplement-Market-Research-504946
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