Fish-free omega-3 ingredient market to reach a value of

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Albany, New York, September 23, 2019 (GLOBE NEWSWIRE) – According to a recent report from Transparency Market Research, the global market for fish-free omega-3 ingredients is expected to reach $ 590 in sales in 2019 Mn. This growth is due to a steady increase in the growth rate of 9% in the forecast period from 2019 to 2029. The market is projected to hit nearly $ 1.3 billion by the end of 2029. Due to the increasing awareness of people’s increasing health awareness, some of the different species of fish, mackerel and salmon have gained momentum. These fish are known to be the main source of omega-3 fatty acids, which are the main part of a nutritional diet. But more and more people who are adopting veganism and turning into vegetarians are fueling the demand for fish-free omega-3 ingredients in their diets.

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Growth in the food and beverage sector to accelerate demand

Recently, the food and beverage sector is going through some extraordinary changes in terms of health and healthy food. This draws the consumer’s attention to a nutritious diet. The buyer’s knowledge of the foods consumed exceeds the benefits of omega-3 fatty acids and maintaining a balance between omega-6 and omega-3 with a regular diet. With health conscious buyers around the world, demand is now changing from the type of omega fatty acid to the source. This stimulates the growth of the global fish-free omega-3 ingredient market.

The increasing importance of plant-based and vegan ingredients in the food sector has accelerated the development of the market for fish-free omega-3 ingredients.

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Partners rely on continuing to bet on the growing population among vegetarian buyers, along with the propensity for green growth or plant-based omega-3 ingredients to keep the conservation going. However, slow regulatory approvals remain a major challenge for market participants as they will continue to make it difficult for manufacturers to offer cost-effective solutions and to postpone the launch of their product in the global fish-free omega-3 ingredient market.

Substitute the substitution of krill oil in omega-3 supplements to support growth

In addition, the ongoing pattern of replacing krill oil in omega-3 supplements with vegan natural green oil will continue to support the development of the fish-free omega-3 ingredient scene in a timely manner.

The fish-free omega-3 ingredient market has performed solidly despite the higher demand for fish oil as an omega-3 ingredient. The market scenario is likely to be very fragmented as the number of new biotech companies entering the market is rapidly multiplying. Despite the fact that the market is currently in an emerging stage, large food companies such as Cargill Inc., BASF and Koninklijke DSM NV have entered the market and expect the tremendous development potential for the future.

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The manufacturers in the fish-free omega-3 ingredients market are counting on the success of the high demand for flax-based ingredients, especially in the European Union (EU) which has a sales share of around 33% of the market areas of major players in the global Fish-Free Omega-3 Ingredients Market.

Geographically, it can be assumed that Europe will have the highest proportion of fish-free omega-3 ingredients in the coming years. Still, the urgent need to abide by the strict regulations is likely to pose a challenge for investors to make profits in the said region.

New players in the world market are mainly focused on innovating new products to increase their global reach in several end-use segments, particularly in nutritional beverages. They are also working to improve the product’s self-life through various uses of fish-free omega-3 ingredients. In June 2019, Remedy Organics – a new provider of plant-based nutritional beverages – introduced a new variety of the functional drink called Golden Mind. This included DHA omega-3 ingredients obtained from microalgae from renewable sources.

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The review is based on the TMR report titled Fish-Free Omega-3 Ingredients Market (Ingredient: Bacteria, Alpha-Linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA); Source: Algae, Plants [Chia Seeds, Flax Seeds, Soybean Oil, Canola Oil, Walnut Oil, Mustard Oil, Others];; Application: Food & Beverage [Food Industry {Dairy & Desserts, Bakery & Confectionary, Savoury Snacks, Breakfast Cereals, Others}, Beverage Industry {Functional Drinks, Juices, Others}, Dietary Supplements, Infant Formulas, Pharma & Personal, Animal Feed]) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2029. ”

Market classification for fish-free omega-3 ingredients

The global fish-free omega-3 ingredient market has been broken down into ingredient, origin, application and region.

Global Fish Free Omega-3 Ingredients Market by Ingredient

  • Alpha Linolenic Acid (ALA)
  • Eicosapentaenoic acid (EPA)
  • Docosahexaenoic acid (DHA)

Global Fish Free Omega-3 Ingredients Market By Source

  • Seaweed
  • plants
    • Chia seeds
    • linseed
    • Soybean oil
    • Rapeseed oil
    • Walnut oil
    • Mustard oil
    • Other

Global Fish Free Omega-3 Ingredients Market By Application

  • Food & drinks
    • Food industry
      • Milk & dessert
      • Bakery pastry shop
      • Savory snacks
      • Breakfast cereal
      • Other
    • Beverage industry
      • Functional drinks
      • juices
      • Other
    • Food supplements
    • Infant formula
    • Pharma & Personnel
    • Animal feed

Global Fish-Free Omega-3 Ingredients Market, By Region

  • North America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of the Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of the Middle East and Africa

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