Increasing awareness of the health benefits of omega-3s for increasing health Omega-3 Ingredients Market Growth
Omega-3 ingredients are naturally occurring nutrients and polyunsaturated fatty acids that are essential for optimal human health. Docosahexaenoic acid, eicosapentaenoic acid, and alpha-linolenic acid are the three types of omega-3 ingredients. Omega-3 ingredients are obtained from marine and vegetable sources. Docosahexaenoic acid and eicosapentaenoic acid are mainly obtained from fish, while alpha-linolenic acid is obtained from plant sources such as nuts and seeds. Marine sources of omega-3 ingredients include salmon, haddock, sardine, shellfish, etc. Plant sources of omega-3 ingredients include chia seeds, flax seeds, vegetable oils, flax seeds, walnuts, etc. These ingredients play an important role in functional foods Role in increasing polyunsaturated fatty acid concentration in brackets.
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The global omega-3 ingredient market was estimated at $ 3.83 billion in 2016 and is expected to grow at an annual growth rate of 15% in terms of sales in 2017 through 2027.
Increased consumption of docosahexaenoic acid and eicosapentaenoic acid due to certain health benefits, such as: B. Reduces the risk of coronary artery disease, lowers bad cholesterol and stabilizes blood pressure. This in turn should stimulate market growth. Coronary artery disease is the most common type of heart disease, killing 365,914 people in 2017. According to the American College of Cardiology, approximately 1,055,000 Americans were expected to have coronary events in 2019, including 335,000 recurrent and 720,000 new coronary events. In addition, the economically efficient production of omega-3 fatty acids has led to widespread use in the pharmaceutical and food industries and fueled market growth.
Growing consumer awareness of the health benefits of omega-3 and increasing demand for omega-3 from the pharmaceutical and food industries are expected to fuel growth in the omega-3 ingredient market. For example, in May 2019, KD Pharma acquired a manufacturing facility in the UK to expand its omega-3 supplement manufacturing capacity. Geographically, the omega-3 ingredients market is segmented into six regions including North America, South America, Asia-Pacific, Europe, Middle East, and Africa.
Additionally, given the increasing demand for omega-3 ingredients, the major players in the market are focused on developing more digestible triglyceride concentrates and natural ingredients. For example, in 2019 Polaris launched Omegavie DHA 700 Alge Sensory QualitySilver, which has a DHA content of 700 mg / g. The product also contains excellent organoleptic properties. In addition, the main players are pursuing various strategies such as mergers and acquisitions, collaborations, investments to increase production capacity, etc. in order to strengthen their market presence. For example, in October 2019, Epax planned to invest around $ 35 million to increase its production capacity in Norway and drive innovation in the omega-3 sector.
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Major players in the global omega-3 ingredient market include Koninklijke DSM NV, BASF SE, Croda International Plc., NU-MEGA Ingredients Pvt. Ltd., Pronova BioPharma ASA, Omega Protein Corporation, and Ocean Nutrition Canada Limited, among others.
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