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Global Omega-3 Market: Market Driver and Restraint
Applications of Omega-3 are anticipated to create new business segments in the market. Omega-3 is in use for a broad range of dietary supplements, fortified food and beverage, infant formula, pharmaceuticals and pet foods etc. Dietary supplement is the largest application field. The nutritional supplements category continues to though, though at a slower rate than the previous five boom years. The market is not fully saturated nonetheless, and producers are using new formulas to grow market size and shares. Developed country dynamics include a favorable demographic shift and focus on health and wellness. In emerging economies, the focus is on addressing nutritional deficiencies and fulfilling the needs of an expanding middle class.
Global Omega-3 Market: Forecast by Type
Omega-3 mainly has three types involved in ALA, EPA and DHA. It is also extracted from fish oil and algae oil, etc. Omega-3 produced by algae has not been wildly used. This method has great potential.
According to raw material resource, Omega-3 has two types including marine omega-3 and algae omega-3.
Marine Omega-3 is mainly derived from fish oil or Krill oil, etc. EPA and DHA are found in cold-water fish such as salmon, mackerel, halibut, sardines, tuna, and herring.
Algae Omega-3 is made from microalgae, and offers a unique combination of EPA and DHA without the use of fish.
Global Omega-3 Market: Forecast by Region
Currently, Omega-3 is mainly distributed in Europe, North America, South America and China. Europe was the largest consumption region holding 37.40% of global share, while China consumption takes only 7.75% of global Omega-3 in 2016. Manufactures are limited by regional distribution of fish resources. This industry is mainly concentrated in areas which have rich aquatic resources.
Global Omega-3 Market: Key Players
DSM, BASF, EPAX, Golden Omega, TASA, Omega Protein, Croda, Marine Ingredients, GC Rieber, Polaris, Auqi, Kinomega, Skuny, Xinzhou, Anti-Cancer, Sinomega, Orkla Health, LYSI, OLVEA Fish Oils, Hofseth BioCare, Nippon Suisan Kaisha, KD Pharma, Shandong Yuwang Pharmaceutical, Maruha Nichiro Foods, Solutex and Bioprocess Algae are the key vendors included in this report.
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