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Global Omega 3 Ingredients Market- Ingredients, Applications, Revenue and Forecast Analysis to 2027
Global Omega 3 Ingredients Market- Ingredients, Applications, Revenue and Forecast Analysis to 2027
The consolidation of medical knowledge, business ventures, and dietary goals have led to the creation of a highly profitable omega 3 ingredients market with sales recorded upward of US$ 4,500 Mn in 2018. Going further, the omega 3 ingredients market is projected to expand at a stellar 11% CAGR from 2019 – 2027, according to a business intelligence study published by TMR.

Individualsin developed countries have embraced health and wellness living practices to aconsiderable degree, according to published data from reliable healthcaresources. Large availability of medical literature that emphasizes thesignificance of healthy foods, along with details of their sources, recommendedconsumption amounts, and health benefits among others is helping to make thesefoods routine in everyday diets. Among a slew of recommended health-benefittingfoods, omega 3 ingredients have gained significant traction endorsedby their scientific evidence. In particular, omega 3 ingredients are findingincreasing acceptance for heart health, including reducing triglycerides andslowing the development of plaque in the arteries.

Omega3ingredients are of three types docosahexaenoic acid (DHA), eicosapentaenoicacid (EPA), and alpha-linolenic acid (ALA) present in foods and dietarysupplements. According to the U.S. Office of Dietary Supplements, most peoplein the country get enough ALA in their diet. The dietary requirement of DHA andEPA is not yet established by experts. Nonetheless, the demand for omega 3foods is growing rapidly taking a cue from initial research that links omega 3fatty acids with various health benefits beyond the basic maintenance of cells.

Fishoil, chia seeds, and hemp seed are some animal and plant based natural sourcesof omega 3 ingredients. Besides this, food companies are introducing foods thatcontain omega 3 ingredients, based on this knowledge that omega 3 ingredientshave immense health-benefitting attributes. The consolidation of medicalknowledge, business ventures, and dietary goals have led to the creation of ahighly profitable omega 3 ingredients market with sales recorded upward ofUS$ 4,500 Mnin 2018.Going further, the omega 3 ingredients market is projected to expand at astellar 11% CAGRfrom 2019 – 2027, according toa business intelligence study published by TMR.

BestSourced from Fish Oil, Availability of Fish Oil Supplements Promising forGrowth

Amongthe natural sources of omega 3 ingredients, commonly referred to as omega 3fatty acids, fish oil and fatty fish like salmon and trout are the mostwell-known. According to studies, it is found that people who eat fish, whichis a key source of omega 3 fatty acids, have a lower risk of heart diseasescompared to those who do not eat fish.

Meanwhile,to expand the availability of fish oil in an easily consumable form,pharmaceutical companies and food companies have introduced omega 3 fish oilsupplements with nearly same benefits like that of natural fish oil. Still, theheart-healthy benefits of fish oil supplements are unclear, therefore,physician consultation is required to know how it will work for patients ofheart diseases.

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Inthe past decade, in the U.S., the demand for fish oil supplements has increasedmanifold among both healthy individuals and those with heart disease.

ExpandingProduct Range to Serve Shifting Food Choices to Open Avenues

Growingshift from saturated and trans-fats based regular diet to mono unsaturated andpoly-unsaturated fat based diets, which help in lowering LDL cholesterol andrisk of cognitive impairment, is likely to create impressive opportunities inthe omega 3 ingredients market.

“Thegrowing consumer recognition of the benefits of algal oils for improvingcardiovascular health, joint power, and fighting depression is another aspectbehind the consumption of omega 3 ingredients,” says the lead analyst of thestudy.

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Althoughthe demand for animal-based omega 3 ingredients remains high, steep rise indemand for plant-based products is expected with growing inclination forvegetarian and vegan diets. To serve the growing demand for polyunsaturatedfats based foods, pharmaceutical products, and aquaculture products, this isindirectly creating demand for omega 3 ingredients. For example, omega 3ingredients are increasingly finding use in infant formulas, in light of theirbenefits for visual and neurological development of toddlers. Continuedresearch for the potential health benefits of omega 3 ingredients in the growthand development of toddlers is promising for the growth of omega 3 ingredients market.

 

 

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Penetrationof Novel Technologies to help Manufacture Improved Products

Playersin the omega 3 ingredients market are increasingly employing microencapsulationtechnology to expand the application of omega 3 ingredients in foods and pharmaproducts. The objective is to add fish oils rich in omega 3 fatty acids infoods, and to stabilize these foods for longer shelf life. Taking a cue fromthis, players in the omega 3 ingredients market are investigating applicationsof microencapsulation technology to incorporate omega 3 ingredients in infantformulas and dietary supplements. For example, Polaris Nutritional Lipids – aleading company in the omega 3 ingredients market – developed a noveltechnology Qualitysilver that prevents oxidation of oil to protect itsorganoleptic and nutritional qualities.

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