Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- According to the report, the increase in the awareness among consumers about the benefits of omega 3 is driving the global omega 3 ingredients market. With the broadened application scope of omega 3, the market is expected to register immense growth over the forecast period.The biggest application segment of the global omega 3 ingredients is the market for supplements and functional food, states the report. Analysts at TMR predict that this market segment will maintain its dominant position during the forecast period. The increasing awareness regarding the benefits the omega 3 enriched supplements and functional food offers, is fueling the market for omega 3 ingredients in the global arena. Additionally, the market for infant formulation is exhibiting a significant growth and is likely to register the fastest development over the forecast period, notes the market study.
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The report identifies the omega 3 ingredients market in North America as the leader among all the regional markets. The rising concerns regarding healthcare, coupled with high disposable income, is the key factor fuelling the growth of this regional market. Latin America, Asia Pacific, Europe, and the Middle East and Africa are the other significant regional markets for omega 3 ingredients. Over the forecast period, the omega 3 ingredients market in Asia Pacific is projected to report the fastest growth among all the regional markets. The rising disposable income, transforming the living standard of the people in the region, is the main driver of the omega 3 ingredients market in Asia Pacific, reveals the report.
The report also scrutinizes the company profiles of major players operating in the global omega 3 ingredients market with an objective to present the existing competitive landscape as well as market hierarchy of the omega 3 ingredients industry across the world.The highly competitive omega 3 ingredients market includes Croda, Pronova, Omega Protein, Lonza, Aker BioMarine, Martek Biosciences, Axellu, BASF, DSM, EPAX, GC Rieber Oils, and BioProcess Algae. DSM dominates the overall omega 3 ingredients market, whereas Martek Biosciences and Lonza lead the global omega 3 ingredients market in terms of omega 3 ingredients production for algae oils.
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The global omega 3 ingredients market is segmented into:
- Supplements and Functional Foods
- Infant formula
- Pet and Animal Feed
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
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Source:Transparency Market Research