Omega 3 fatty acids belongs to essential polysaturated fatty acids category. Omega 3 fatty acids are extensively found in flaxseed oil, canola oil, halibut, salmon, herring, trout, cod, and spinach, clams, shrimp, and chia seeds, among others. There are three different types of omega 3 fatty acids such as α-linolenic acid (ALA) found in plant sources, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) are extensively found in fish in high concentrations. Due to its great health benefits such as improving eye health, controlling blood pressure and cholesterol, among others, they are filled in the market and available as oral supplements under various brand names.
Factors such as increase in the prevalence of cardiovascular diseases is the key factor enhancing the growth of the omega 3 ingredients market. Rising health consciousness among the people is the attributing the market growth. Its application in various functional and food supplements is anticipating the growth of the omega 3 ingredients market. Increase in research and development activities are adding scope for the manufacturers in expansion. However, the stringent government regulations are likely to hamper the market growth of the omega 3 ingredients.
The global market of Omega 3 ingredients market is categorized as follows-
And on basis of geographical regions, the global omega 3 ingredients market is divided into five main regions- North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America omega 3 ingredients market is the dominant market when compared with that of the other regional markets. Owing to the presence of various industries such as pharmaceutical industries and food industries, the growth of the omega 3 ingredients is found to have a significant growth in this region. The next in line is Europe region in the global omega 3 ingredients market. The Asia Pacific omega 3 ingredients market is expected to grow exponentially in the near future due to the presence of emerging economies such as China, Japan, and India.
Some of the players in the global omega 3 ingredients market include Simris Alg (Sweden), Algisys (U.S), Polaris (U.S), Terravia (Solazyme) (U.S), Bioceuticals (U.S), DSM Nutritional Products (Netherlands), Bioprocess Algae, LLC (U.S), Neptune Wellness Solutions (Canada), Source-Omega (U.S). Some of the market developments include Nordic Naturals introducing five new children’s products at natural products in 2018. The new products offer concentrated, triglyceride-form omega-3 fish oil in age-appropriate formulations for cognition, learning and attention, mood health, and more, plus a kid-friendly, fast-melt probiotic powder.
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