Market Research Report
Fatty acids which contain more than one double bond in their backbone are called as polyunsaturated fatty acids. By their chemical structure, Polyunsaturated fatty acids can be classified into methylene-interrupted polyenes, conjugated fatty acids and others. Omega-3 fatty acids are essential for human body and are consumed through food. Rising concerns for healthcare, rising incidences of chronic diseases, increasing demand for polyunsaturated fatty acids are some of the factors are expected to drive this market in near future. However, increasing cost of fish oil, climatic problems in conserving fisheries, lack of recommended daily intake may hinder the growth of this market.
The global omega-3 polyunsaturated fatty acids market is segmented by type, source, manufacturing technologies, application and geography. Based on type, this market is sectioned into Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA) and Alpha-linolenic Acid (ALA). EPA and DHA are expected to overshadow ALA market because of their growing importance in products that reduce the risk of cardiovascular diseases. The various sources through which omega-3 polyunsaturated fatty acids can be obtained are anchovy, salmon, plant, menhaden, seed, krill, nut, cod and tuna. Owing to the rising demand for marine extracted omega-3 together with growing preference concerning plant support diet, the nut, plant and seed are expected to have a major share of the omega-3 polyunsaturated fatty acids globally. On the basis of technology, this market is further segmented into processing of fish oil, concentrating process, decontamination and other product technologies.
Furthermore, by application, this market is classified into fat & spreads, dairy products & egg food supplements, bakery, confectionery, dietary supplements and non-alcoholic beverages. Dietary supplements segment is expected to consume majority of omega-3 polyunsaturated fatty acids. Followed by it, are food supplement and non-alcoholic beverage segment. Nevertheless, algal DHA oils are projected to lead in food supplement segment.
Geographically, the global omega-3 polyunsaturated fatty acids are classified into North America, Europe, Asia Pacific and Rest of the World. North America is expected to consume majority of omega-3 polyunsaturated fatty acids and followed by it is Europe. Because of the ever-increasing population, changing lifestyle, rise in chronic diseases Asia-Pacific is expected to observe speedy growth during the forecast period.
Some of the key companies of this market profiled in the report are Acasti Pharma Inc., Aker Biomarine AS, Algae Biosciences Corporation, Austral Group S.A.A., BASF SE, Aurora Algae, Inc., BTSA BiotecnologíasAplicadas S.L, Denomega Pure Health, Enzymotec Ltd., Marine Ingredients, Cyvex Nutrition, Inc., HuataiBiopharm Inc., Jiangsu Auqi Marine Biotechnology Co., Ltd., EPAX AS, Stepan Company, Chemport, Inc., Sinomega Biotech Engineering Co Ltd., Golden Omega SA, Omega Protein Corp., Lonza Group Ltd., Ayanda AS, GC Rieber Oils, Guangdong Runke Bioengineering Co Ltd, BASF AS, Cellana Inc., Croda International Plc, KD-Pharma GmbH, Source-Omega LLC, Felda IFFCO LLC, Polaris Nutritional Lipids, and Royal DSM NV.
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