The Omega-3 PUFA market is poised to exhibit a strong growth in the next five years. Eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) are rapidly growing types of Omega-3 PUFA and also garner the largest market share. The market for DHA and EPA is growing due to its health claims and the specific role they play in the prevention of cardio-vascular health, infant nutrition, and cancer. Fish oils are the major source of Omega-3 PUFA and account for 70% of the Omega-3 PUFA market. Omega-3 PUFA fish oil manufacturers are also considering the usage of sources such as krill oil and algal oil as they are environmentally sustainable.
The Omega-3 PUFA market is projected to grow at a CAGR of 12.8% from 2014 to 2019. The market was dominated by the North American region in 2013 and considerable growth and opportunities are forecasted in the Asia-Pacific region in the next five years.
As the global spending of consumers on Omega-3 products is increasing (due to the heightened awareness about the health benefits of Omega-3 PUFA), the food & beverage application segment is expected to see significant growth in next five years. The dietary supplements segment is the largest application in the Omega-3 PUFA market. The pharmaceuticals and infant nutrition application segments are also growing at a rapid rate.
Both bottom-up and top-down approaches were used to derive the size of the Omega-3 PUFA market. The market segments include types of Omega-3 PUFA, sources and sub-sources, applications, and geography.
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The market includes applications in dietary supplements and functional foods & beverages. The market also includes the geographic segments in terms of types and countries.
The market is dominated by a few large players and comprises many small- and medium-scale players. The key players identified in the Omega-3 PUFA industry are BASF SE (Germany), Royal DSM N.V. (The Netherlands), Croda International PLC (U.K.), Omega Protein Corporation (U.S.), and EPAX (Norway).
All the growth parameters in individual segments have been considered in this report. The infant formula and pharmaceutical segments are the fastest-growing application segments. The infant formula segment is growing due to scientific evidence proving that omega-3 fortified infant formula is beneficial in overall development of infants and demand of highly concentrated omega-3 PUFA amongst consumers is fueling the growth of pharmaceutical segment.
The report segments the global Omega-3 PUFA market into the following segments:
Omega-3 PUFA Market, By Geography:
- North America
- Rest of the World (RoW)
Omega-3 PUFA Market, By Type:
- DHA (Docosahexaenoic acid)
- EPA (Eicosapentaenoic acid)
- ALA (Alpha-linolenic acid)
Omega-3 PUFA Market, by Source
Omega-3 PUFA Market, by Sub-source (Marine)
- Fish Oil
- Algal Oil
- Krill Oil
- Others (Bluefish, herring mackerel, sword fish, and pollock)
Omega-3 PUFA Market, by Sub-source (Plant)
- Flaxseed oil
- Chia seed oil
- Others (soybean oil and canola oil)
Omega-3 PUFA Market, by Application
- Dietary supplements
- Functional foods & beverages
- Infant formula
- Others (pet food and animal feed)
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Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Industry Trends
6 Market Overview
7 Omega-3 PUFA Market, By Type
8 Market By Source & Sub-Source
9 Market By Application
10 Market By Geography
11 Company Landscape12 Company Profiles
12.2 BASF SE
12.3 Roysal DSM N.V.
12.5 Croda International PLC
12.6 Omega Protein Corp
12.7 Arista Industries
12.8 Denemoga Nutritional Oils
12.9 Polaris Nutritional Lipids
12.10 Pharma Marine USA LLC
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