Growing consumer preference regarding health benefits from a variety of supplements have fuelled the demand for omega 3 ingredients, as it forms as essential fatty acids. Omega 3 ingredients are the organic compound which is derived from plant and marine sources. Some of the plant sources of omega 3 ingredients include walnuts, flaxseeds, vegetable oils, flaxseeds, chia seeds, etc. Some of the marine sources of omega 3 ingredients include shellfish, sardine, haddock, salmon, etc. As omega 3 ingredients are essential fatty acids which cannot be synthesized by the human body, it plays a vital role in functional foods to enhance the polyunsaturated fatty acids concentration in the staples. There are three main omega 3 ingredients which are used for supplementing the essential fatty acids required for the healthy growth and metabolism which includes ALA (alpha-linolenic acid), EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid). Among the types of omega 3 ingredients, ALA is highly processed from plant sources while EPA and DHA are highly from marine sources. As omega 3 ingredients play an immense role in nutraceuticals and consumed all over the world, it is anticipated to remain positive during the forecast.
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Emerging Demands of Omega 3 Ingredients in Nutraceuticals
Demand for brain health and nutraceutical products for youngsters has been the major driver for Omega 3 ingredients across the world. Though Omega 3 ingredients are not restricted to age, it is highly consumed by working adults to boost metabolic activities and cognitive health. Omega 3 ingredients have been supporting both physical and mental health, so it is used as both dietary supplement and preventive medicine which provides wider opportunities for the manufactures across the world. Many dynamic players of Omega 3 ingredients have continued to represent their products in the global market over the years, which amplified the products in terms of quality and quantity across the various geographical regions. Along with the application in pharmaceuticals, omega 3 ingredients also finds the ample application in the feed processing, as omega 3 ingredients are one of the essential components to add nutritional value to pet foods. Due to the multi-utility, Omega 3 ingredients has well-defined supply chains and distributions across the world. There is an escalating demand on Omega 3 ingredients among the consumers as it has become an integral part of the daily diet which is anticipated to drive the global Omega 3 ingredients market positively.
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Global Omega 3 Ingredients: Market Segmentation
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Global Omega 3 ingredients: Key Players
Some of the key players of global omega 3 ingredients include NU-MEGA Ingredients Pty Ltd., Koninklijke DSM N.V., BASF SE, Croda International Plc., Omega Protein Corporation, Copeinca ASA, Arista Industries, Inc., FMC Corporation Pronova BioPharma ASA, Ocean Nutrition Canada Limited (ONC) etc. More manufacturers and industrialists are showing a keen interest in Omega 3 ingredients due to increasing global demand.
Opportunities for Market Participants:
As dietary supplement forms an active part of the daily diet in modernizing lifestyle, it is expected that there will be a greater demand for the Omega 3 ingredients across the world. Key developers and manufacturers are showing keen interests on Omega 3 ingredients, as the global dietary supplements market is escalating, hence it can be anticipated that there would be greater market opportunities and higher returns for the investors in Omega 3 ingredients market.
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