Published Date : Aug 22, 2016
Albany, NY, Aug 22, 2016: The increasing prevalence of health problems related to blood pressure and high triglyceride levels has led to the rising consumption of healthy food. The rising awareness among people about maintaining a healthy lifestyle has led to the increasing demand for DHA, EPA, and other omega-3 fatty acids. The increasing incidence of heart-related complications has further fuelled the demand for omega-3 fatty acids. The consumer preference is changing from junk food to healthy and organic food. This has boosted the demand for omega-3-based food products, states a new report added by MarketResearchReport.biz to its wide database of research reports.
The report, titled ‘Global Omega-3 Market Outlook 2016-2021,’ briefs readers about the changing trends in the market during the period between 2016 and 2021. Changing trends and technological advancements are two of the key factors expected to propel the global market for omega-3 in the coming years, predict the analysts.
The research focuses on three key types of omega-3 acid, namely eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and alpha-linoleic acid (ALA). All 3 are healthy fats and function differently in the body. Alpha-linoleic acid (ALA) offers limited health benefits, whereas DHA and EPA omega-3s are claimed to have life-sustaining benefits. The report further studies the competitive landscape and key companies operating in the global omega-3 market.
The report also highlights various sources of omega-3 fatty acids, marine animals and plants being the primary ones. Marine sources of omega-3 include fish oil, krill oil, algal oil, and others. Plant-based sources of omega-3 comprise chia seed oil, flax seed oil, and others. Considering the many benefits of omega-3, its demand is expected to increase throughout the forecast period.
Regionally, the global omega-3 market is divided into Europe, Asia Pacific, the Middle East and Africa, and Rest of the World. North America leads the global market for omega-3, followed by Europe.
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The global omega-3 market is highly competitive, as key companies are consistently taking efforts to introduce new omega-3 products that offer several health benefits. Omega-3 finds application in dietary supplements, pharmaceuticals, functional food and beverages, infant formula, and others.
DSM (Netherlands), Cargill (USA), Pronova (USA), Suntory (Japan), EPAX (Norway), Guangdong Runke (China), Cabio (China), Omega Protein (USA), Croda (UK), BioProcess Algae (USA), Lonza (Switzerland), Hubei Fuxing (China), and Kingdomway (China) are some of the key organizations operating in the global omega-3 market. At present, key companies are keen on merging with new entrants to maintain their dominance in the global market. Manufacturers are also focusing on new product launches and advancements in their production technologies. The rising investments in research and development activities can benefit the global market for omega-3, predict the analysts.
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