Omega-3 Ingredients Market: Outlook Remains Brightly Confirmed by Government Advocacy and Obvious Health Benefits
The future of the omega-3 industry is bright after the EPA and DHA cut regulatory approval for the first time. Research by TMR has shown that the demand for omega-3 foods is growing at an unprecedented pace as it gained significant consumer appeal since 2014 and global omega-3 ingredient sales exceeded $ 4,500 million in 2018. USD lag. Consumers’ growing propensity to improve their immunity and general well-being continues to play a greater role. However, slower regulatory approval is expected to be a significant drag on growth.
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Omega-3 Ingredients – Newly discovered science about health benefits is driving demand
The paradigm shift towards healthy food consumption, fueled by the increasing prevalence of chronic diseases, led by poor eating habits. These technology-induced ingredients are becoming increasingly popular as effective food quality improvers, attracting the growing health-conscious population.
A number of things, including the emergence of new combination products and the newfound recognition of science for omega-3 ingredients among consumers and health professionals, have caused the prebiotic ingredient market to expand rapidly in the years to come. While the development and sale of omega-3 ingredients specifically positioned for nutritional supplements lags behind variants like amino acids, studies showing the benefits of fatty acids for athletes likely speak in favor of adoption. The study shows that the demand for eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) in the omega-3 oil and seafood industry remains strong.
Omega-3 ingredients are becoming an essential part of the nutritional supplement pyramid. As consumer awareness of omega-3 ingredients continues to drive growth in the marketplace, suppliers are formulating strategies that highlight the preventive role of polyunsaturated fatty acids (PUFAs) in preventing the prevalence of chronic disease. Numerous government initiatives to promote adequate intake of omega-3 ingredients complement the marketing efforts of stakeholders in the omega-3 ingredient market.
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Omega-3 Ingredients Market – Adequacy of Sources Continues to Maintain Supply Efficiency
Suppliers’ focus on maintaining steady product offerings continues to be a rebounding driver of demand-side trends in the omega-3 ingredient market. The omega-3 ingredients obtained from fish oil continue to determine sales in the countryside and, according to our research, account for around 90% of sales. While plant-based omega-3 ingredients are likely to be at the center of the remarkable growth in the vegan trend, consequently driving demand for vegan supplements.
Studies have confirmed the effectiveness of fish oil in relieving ADHD symptoms in children while improving their cognitive abilities. Additionally, the two most popular omega-3 ingredients eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) from fish oil have been linked to improving cognitive functions in infants and aging populations. Such beneficial research continues to drive higher acceptance of omega-3 ingredients among rapidly growing health conscious consumers.
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Omega-3 Ingredients – Developed markets remain attractive
Consumers in developed markets have already recognized the health and wellness trends, and relevant consumption practices have recently increased. As awareness of the health benefits of omega-3 ingredients such as the consumption of PUFAs in regular diets increases, the outlook for the omega-3 ingredient market in these economies remains optimistic. The economic dynamism of consumers, fueled by their willingness to spend more on dietary supplements, and advocacy of the obvious benefits of omega-3 ingredients from fish oil among leading regional regulators continue to favor sales of omega-3 ingredients in these regions.
The global omega-3 ingredient market is primarily characterized by the essence of a large number of multinational and regional companies. Multinational companies with their extensive product portfolios hold a significant share of the omega-3 ingredient market while aiming to generate profits by targeting the large pool of health conscious consumers in Europe and North America. Leveraging innovative technologies like PureMax to remove impurities in oil and ensure consumers are supplied with quality products remains a key growth strategy for the omega-3 ingredient leaders.
Companies active in the omega-3 ingredient market include Marine Ingredients, LLC., Omega Protein Corporation, Copeinca ASA, Cargill Incorporated, GC Rieber Oils AS, POLARIS Nutritional Lipids, Croda International plc, and Luhua Biomarine ( Shandong)) Co., Ltd., Koninklijke DSM NV, Denomega Nutritional Oils and NU-MEGA Ingredients Pty Ltd. (Clover Corporation).
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