Omega 3 Ingredients in High Demand as Awareness of Health Benefits Increases, reports TMR

Transparency Market
Research
Omega 3 Ingredients Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2015 - 2021
Published Date
15-06-2015
81 Page Report
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Press Release
Global Omega 3 Ingredients Market to Witness Rapid Growth
thanks to Heightened Awareness Regarding Benefits of Omega 3
Fatty Acids
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Omega 3 Ingredients Market
REPORT DESCRIPTION
Koninklijke DSM N.V., BASF SE, and Croda International Plc. – the three leading companies for omega 3
ingredients in 2014 – held a collective share of 48.2% in terms of market value. Most of the key omega 3
ingredients manufacturers have been in the market for a long time and possess a history of business
consolidation through various business strategies and mergers and acquisitions.
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As stated in a research report released by Transparency Market Research, the competitive intensity in the
global market for omega 3 ingredients is expected to remain very high till 2021. The market is extremely
concentrated in developed economies and relatively sparser in emerging ones. Additionally, the key
players hold a large part of the market share, leaving little scope for regional players or new entrants to
prosper in the market. The overall threat from new entrants is also expected to remain very low over the
coming years, owing to the high entry barriers and the overall lack of consumer awareness in untapped
regions.
The global market for omega 3 ingredients is expected to generate a revenue of US$7.49 bn by 2021. It is
projected at a CAGR of 15.2% from 2015 to 2021 and is predicted to reach US$3.70 bn before the end of
2016. Supplements and functional foods have consistently been the leading application segment in omega
3 ingredients. By the end of 2021, this segment is expected to accrue a total revenue of US$3.91 bn.
North America Pushes Demand for Omega 3 Fatty Acids
By the end of 2021, North America is expected to generate US$3.62 bn in revenue from the demand for
omega 3 ingredients. It is the dominant region in the world for EPA/DHA consumption since quite a few
years and is expected to remain at the top till 2021. A large portion of this region’s omega 3 ingredients
demand comes from supplements and pharmaceuticals, but there is a strong growth rate in the demand
for omega 3 ingredients in infant formula as well.
Comparatively, the demand for omega 3 ingredients in Europe is much lower due to a lower rate of
awareness. The awareness level reduces even further in the case of Asia Pacific. However, both regions are
showing immense potential due to a gradual improvement in the flow of nutritional information within
urban areas.
Omega 3 Ingredients Demand Spurred by Growing Health Concerns
“At the moment, the primary driver boosting the demand for omega 3 ingredients is the growing level of
concern over physical health. People are becoming increasingly aware of the high rate of diseases such as
cancer and asthma around the world and are looking for ways to mitigate the risks of contracting them.
One of the proven ways to do so is the regular consumption of DHA/EPA. Both fatty acids are known to
reduce the chances of a person falling prey to prostate or skin cancer, and are also known to abate
bronchial inflammation and asthma,” states a TMR analyst.
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Omega 3 Ingredients Market
The growing consumer awareness is attributed to the increasing marketing efforts put in by nutrition
companies, along with the release of scientific research which proves the benefits of consuming omega 3
fatty acids.
EPA/DHA Consumption Still Marred by Low Awareness
There is still, however, a large percentage of population in the world that is not aware of the benefits of
omega 3 fatty acids. They still cannot differentiate between fatty acids that are beneficial or harmful when
consumed. The overall public opinion of all fatty acids therefore remains negative. This can be dismissed
by increasing awareness efforts through drives and other activities.
“Manufacturers of omega 3 ingredients can look to Asia Pacific for future endeavors. This region is ripe with
a large number of consumers in urban areas that have positive disposable income. As the awareness of
omega 3 fatty acid benefits spread, so will the demand for them in this region,” adds the analyst.
The information presented in this review is based on a Transparency Market Research report, titled,
“Omega 3 Ingredients Market By Application (Supplements and Functional Foods, Pharmaceuticals, Infant
formula, Pet and Animal Feed) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 2021.”
Key Takeaways:
 Global demand for omega 3 ingredients expected to fetch US$7.49 bn in revenue by 2021.
 Total revenue in supplements and functional foods by 2021 expected to reach US$3.91 bn.
 North America expected to generate US$3.62 bn in omega 3 ingredients revenue by 2021.
Key segments of the Global Omega 3 Ingredients Market
Global Omega 3 Ingredients Market, by Application Type:
 Supplements and Functional Foods
 Pharmaceuticals
 Infant formula
 Pet and Animal Feed
 Others
Global Omega 3 Ingredients Market, by Geography:
 Europe
 North America
 Asia Pacific
 Middle East and Africa
 Latin America
TABLE OF CONTENT
Chapter 1 Preface
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Omega 3 Ingredients Market
1.1 Report Description
1.2 Market Segmentation
1.2.1 Global omega 3 ingredients market segmentation, by application type and geography
1.3 Research scope
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global Omega 3 Ingredients Market Revenue (USD Million) and Volume (Tons), 2014 - 2021
2.2 Global Omega 3 Ingredients Market Snapshot
Chapter 3 Omega 3 Ingredients Market Analysis
3.1 Introduction
3.1.1 Market Definitions
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Augmented Application Scope
3.3.2 Increasing consumer health concerns
3.3.3 Scientific evidence supporting health benefits
3.4 Restraints
3.4.1 Low awareness of types of fats and their benefits
3.4.2 Consumer perception of taste and smell
3.5 Opportunities
3.5.1 Growth in Asia Pacific Market
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Omega 3 Ingredients Market
3.5.2 Improved Technology
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Supplier
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat from Substitutes
3.6.5 Degree of Competition
3.7 Omega 3 Ingredients: Company Market Share Analysis
3.8 Omega 3 ingredients: market attractiveness analysis
Chapter 4 Omega 3 Ingredients Market – Application Segment Analysis
4.1 Global Omega 3 Ingredients Market, by Application: Overview
4.1.1 Global omega 3 ingredients market, revenue share, by application type, 2014 and 2021
4.2 Omega 3 ingredients market by application
4.2.1 Supplements and Functional Foods
4.2.1.1 Omega 3 ingredients demand for dietary supplements and functional foods, volume and
revenue, 2014 – 2021 (Tons), (USD Million)
4.2.2 Pharmaceuticals
4.2.2.1 Omega 3 ingredients demand in Pharmaceuticals market, volume and revenue, 2014 –
2021 (Tons) (USD Million)
4.2.3 Infant formula
4.2.3.1 Omega 3 ingredients demand for infant formula, volume and revenue, 2014 - 2021 (Tons),
(USD Million)
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Omega 3 Ingredients Market
4.2.4 Pet and Animal Feed
4.2.4.1 Omega 3 ingredients demand in Pet and Animal feed market, volume and revenue, 2014 2021 (Tons), (USD Million)
4.2.5 Others
4.2.5.1 Omega 3 ingredients demand in others market, volume and revenue, 2014 - 2021 (Tons),
(USD Million)
Chapter 5 Global Omega 3 Ingredients Market - Regional Analysis, 2014 - 2021
5.1 Market Overview
5.1.1 Global Omega 3 Ingredients market revenue share, by geography, 2014 and 2021
5.2 North America
5.2.1 North America Omega 3 ingredients market revenue, by application, 2014 – 2021 (USD Million)
5.2.2 North America Omega 3 ingredients market volume, by application, 2014 – 2021 (Tons)
5.3 Europe
5.3.1 Europe Omega 3 ingredients market revenue, by application, 2010 – 2018 (USD Million)
5.3.2 Europe Omega 3 ingredients market volume, by application, 2010 – 2018 (Tons)
5.4 Asia Pacific
5.4.1 Asia Pacific Omega 3 ingredients market revenue, by application, 2010 – 2018 (USD Million)
5.4.2 Asia Pacific Omega 3 ingredients market volume, by application, 2010 – 2018 (Tons)
5.5 Middle East and Africa (MEA)
5.5.1 Middle East and Africa (MEA) Omega 3 ingredients market revenue, by application, 2010 – 2018
(USD Million)
5.5.2 Middle East and Africa (MEA) Omega 3 ingredients market volume, by application, 2010 – 2018
(Tons)
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Omega 3 Ingredients Market
5.6 Latin America
5.6.1 Latin America Omega 3 ingredients market revenue, by application, 2010 – 2018 (USD Million)
5.6.2 Latin America Omega 3 ingredients market volume, by application, 2010 – 2018 (Tons)
Chapter 6 company profiles
6.1 Koninklijke DSM N.V.
6.1.1 Company Overview
6.1.2 Financial Overview
6.1.3 Business Strategy
6.1.4 Recent Developments
6.2 BASF SE
6.2.1 Company Overview
6.2.2 Financial Overview
6.2.3 Business Strategy
6.2.4 Recent Developments
6.3 Croda, Inc.
6.3.1 Company Overview
6.3.2 Financial Overview
6.3.3 Business Strategy
6.3.4 Recent Developments
6.4 NU-MEGA Ingredients Pty Ltd.
6.4.1 Company overview
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Omega 3 Ingredients Market
6.4.2 Financial Overview
6.4.3 Business Strategy
6.5 PronovaBioPharma ASA
6.5.1 Company overview
6.5.2 Financial Overview
6.5.3 Business Strategy
6.5.4 Recent Developments
6.6 Omega Protein Corporation
6.6.1 Company overview
6.6.2 Financial Overview
6.6.3 Business Strategy
6.6.4 Recent Developments
6.7 FMC Corporation
6.7.1 Company overview
6.7.2 Financial Overview
6.7.3 Business Strategy
6.7.4 Recent Developments
6.8 Copeinca ASA
6.8.1 Company Overview
6.8.2 Financial Overview
6.8.3 Business Strategy
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Omega 3 Ingredients Market
6.8.4 Recent Developments
6.9 Arista Industries, Inc.
6.9.1 Company Overview
6.9.2 Financial Overview
6.9.3 Business Strategy
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The global market for omega 3 ingredients is expected to generate a revenue of US$7.49 bn by 2021. It is projected at a CAGR of 15.2% from 2015 to 2021 and is predicted to reach US$3.70 bn before the end of 2016. Supplements and functional foods have consistently been the leading application segment in omega 3 ingredients. By the end of 2021, this segment is expected to accrue a total revenue of US$3.91 bn. Download Free exclusive Sample of this report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=745