The future of the omega-3 industry is bright after the EPA and DHA cut regulatory approval for the first time. Research by TMR has shown that the demand for omega-3 foods is growing at an unprecedented pace as it has gained significant consumer appeal since 2014. Global omega-3 ingredient sales rose to over $ 4,500 million in 2018. Omega-3 Ingredients Market Is Expected To Rise In 2019, it was valued at around $ 4,939.9 million, which is expected to increase at a CAGR of 10.9% over the forecast period (2019-2027).
Omega-3 Ingredient Market: With the notable introduction of PUFAs into F&B, opportunities are abundant
Global omega-3 ingredient sales are expected to exceed $ 4,900 million in sales in 2019, according to a new study by TMR Omega-3 Ingredients Market continues to be influenced by a variety of factors, from a surge in a number of proactive health conscious consumers to a growing preference for polyunsaturated fatty acids (PUFAs) as a preventative solution to preventing chronic diseases.
The study anticipates that the omega-3 ingredient market will continue to see remarkable growth, along with the increasing adoption of nutritional supplements for enhancing immunity by consumers alongside the health and wellness trend. The increased use of polyunsaturated fats in dietary supplements, infant formulas, the F&B industry, and the pharmaceutical and nutraceutical industries is likely to keep omega-3 ingredient sold.
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Obvious health benefits of EPA and DHA from fish oil are fueling sales of omega-3 ingredients
According to the study, the perceived health benefits of omega-3 fatty acids derived from fish oil have propped up sales of omega-3 ingredients. The increasing shift in consumers from saturated and trans-fat based normal diets to mono and polyunsaturated fats, which help lower LDL cholesterol and the risk of cognitive impairment, will create opportunities for the omega-3 ingredient market.
The study suggests that increasing consumer recognition of the benefits of algae oils for improving joint and cardiovascular health, and fighting depression is another major contributor to the consumption of omega-3 ingredients. Although the demand for animal-based omega-3 ingredients remains high, the study predicts strong growth in plant-based variants as more consumers embrace the vegan upward trend.
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Omega-3 ingredients are seeing significant traction around the world due to the increasing use of PUFAs in the food and beverage, pharmaceutical and aquaculture industries. The increasing adoption of omega-3 ingredients in infant formula, given the visual and neurodevelopmental benefits of these fatty acids for young children, continues to fuel market growth.
Based on extensive research recognizing the potential benefits of fish oil, which contains eicosapentaenoic acid (EPA) and docosahexanoic acid (DHA) in particular, it is very likely that consumer acceptance of omega-3 ingredients will increase rapidly.
The study assumes that manufacturers of omega-3 ingredients use microencapsulation technology to incorporate fatty acid-rich fish oils into foods and stabilize those foods that are fortified with fish oil. The use of highly stable microencapsulated fish oil products that are rich in omega-3 ingredients in infant formula, nutritional supplements and in the food and beverage industry will continue to be lucrative for market growth.
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The proliferation of novel technologies in the omega-3 ingredient market continues unabated as players focus on innovation to provide high quality products with a longer shelf life. For example, Polaris Nutritional Lipids, a leader in the omega-3 ingredient market, developed Qualitysilver – a technology that prevents oil from oxidizing to protect its nutritional and organoleptic properties.
Developed Markets – First wave of growth for manufacturers of omega-3 ingredients
The study believes that growing health concerns about deficiencies in eicosapentaenoic acid and docosahexanoic acid are making an increased number of consumers proactive about immunity booster awareness. Recent studies indicate that large numbers of health conscious consumers in Europe and North America consume omega-3 ingredients from fish oil as they reduce the risk of chronic disease.
Several companies recognize the growth potential in the omega-3 ingredient industry and offer gum drops based on omega-3 ingredients that come in a variety of flavors such as orange, lemon and strawberry. The consumption of gummy candies, which particularly contain eicosapentaenoic acid and the omega-3 ingredients of docosahexaneonic acid, is significantly high among consumers in countries such as the USA
and Great Britain
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This TMR study provides a long-term perspective of the omega-3 ingredient market for the period 2019-2027. The omega-3 ingredient market is forecast to have a CAGR of nearly 11% by 2027.
Transparency Market Research (TMR) is a global market research company that provides business intelligence reports and services. The company’s exclusive mix of quantitative forecasting and trend analysis offers thousands of decision makers forward-looking insights.
TMR’s experienced team of analysts, researchers and consultants use proprietary data sources as well as various tools and techniques to gather and analyze information.
TMR’s data repository is continually updated and revised by a team of research professionals so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive data sets and research materials for business reports.
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Category: Market Research Publishers and Retailers Profile: Transparency Market Research is a global market research company providing global business information reports and services. Our exclusive mix of quantitative forecasting and trend analysis provides thousands of decision makers with future-oriented insights. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information.