Omega 3 Ingredients Market is expected to reach USD 7,499.5 million by 2021: Transparency Market Research

Albany, NY, June 30, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has published a new market report titled: "Omega 3 Ingredients Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 - 2021" According to the report, the global omega 3 ingredients market was valued at USD 2,786.2 million in 2014 and is anticipated to reach USD 7,499.5 million by 2021, expanding at a CAGR of 15.2% from 2015 to 2021. North America dominated the global omega 3 ingredients market in 2014 and is expected to maintain its leading position over the forecast period. Growing consumer health consciousness and awareness towards consuming food products enriched with omega 3 ingredients is fueling the application of the omega 3 ingredients globally.

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Increasing consumer preference for healthy diet which is high in omega 3 coupled with changing lifestyle is boosting the demand for omega 3 ingredients globally. Moreover, rising consumer awareness towards benefits associated with omega 3 ingredients through various food products is propelling the demand for omega 3 ingredients across different regions. In addition, growing prevalence of high blood pressure and heart diseases is contributing in the growing popularity of omega 3 fatty acids.

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Marine fish oil is a rich source of omega 3 fatty acids such as Docosahexaenoic acid (DHA) and Eicosapentaenoic acid (EPA). Fish oil lowers the triglyceride and blood pressure levels. Furthermore, diet high in omega 3 ingredients help with osteoarthritis and rheumatoid arthritis. Moreover, consuming diet high in omega 3 fatty acids reduces the incidences of asthma and psoriasis.

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With the growing consumer preference for healthy diet, manufacturers are focusing on increasing applications of omega 3 ingredients in food products for better health benefits. Rising disposable income and increasing consumer expenditure on healthy food products is driving the demand for omega 3 ingredients market globally.

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Koninklijke DSM NV, BASF SE, Croda International plc., NU-MEGA Ingredients Pty Ltd., Pronova BioPharma ASA, Omega Protein Corporation and Ocean Nutrition Canada Limited among others have strong global presence in omega 3 ingredients industry.

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The Global Omega 3 ingredients market has been segmented as follows:

Global Omega 3 Ingredients Market by Application Type

  • Supplements & Functional Foods
  • Pharmaceuticals
  • Infant formulas
  • Pet & Animal Feed
  • Others

Global Omega 3 Ingredients Market by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Latin America

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research