Omega-3 PUFA Market By Source (Marine And Plant), Type (EPA/DHA And ALA), Application (Dietary Supplement, Baby Food, Food And Beverage, Pharmaceutical, Animal Feed, And Others), And Geography - Global Forecast to 2023

The Omega-3 PUFA Market is expected to reach USD 7,583.5 million by 2023, at a CAGR of 14.5% during the forecast period of 2018 to 2023. 

Increasing Incidence of Chronic Diseases fuels the Growth of Global Omega-3 PUFA Market

According to the International Diabetes Federation, people with diabetes are expected to increase from 382 million in 2013 to 592 million in 2035; nearly one in ten people globally will have diabetes by 2035. Further, as reported by WHO, increasing aging population will accelerate cancer prevalence in the coming decades; the annual number of new cancer cases is projected to rise to 17 million by 2020, and reach 27 million by 2030, globally.

To defeat increasing prevalence of chronic diseases, nutrition is a widely accepted tool for their prevention. Omega 3 fatty acids are essential for normal growth and development and may play an important role in the prevention and treatment of various chronic diseases such as coronary artery diseases, hypertension, diabetes, arthritis, other inflammatory and autoimmune disorders, and cancer.

Omega-3 PUFA Market Insights -

Drivers -       

1. Growing health consciousness among consumers and awareness about health benefits of omega-3 pufa    
2. Increasing incidences of chronic diseases
3. Increasing demand of omega-3 from functional foods & pharmaceuticals  

Restraints -    

1. Finite supply of fish oil          
2. Absence of recommended daily intake (RDI)            
3. Stringent and uncertain regulatory environment    

Opportunities -          

1. Alternative sources flaxseed, chia seed, olive oil, walnut, and algae to obtain omega-3 pufa    
2. Emerging market- latin america, asia, and africa              

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Key Findings in the Omega-3 PUFA Market Study:

EPA/DHA dominates the global Omega-3 PUFA market through 2023

The key developments including emulsion and technologies such as microencapsulation and stabilization helped to overcome the challenge of susceptibility to oxidation, which led to expanding the use of EPA/DHA into food and beverage applications, especially in clear beverages. The EPA is used in combination with DHA in fish oil preparations for a variety of conditions, including preventing and reversing asthma, cancer, menstrual problems, hot flashes, hay fever, lung diseases, lupus erythematosus, and kidney disease. These health benefits increases the demand of EPA from infant formula, dietary supplements, foods and beverages, and pharmaceutical industries, thereby driving the growth of global EPA/DHA market. However, ALA is projected to grow at a comparatively higher CAGR than the EPA/DHA during the forecast period, owing to the growing demand for plant-based omega-3 PUFA from vegetarian and vegan consumers across the globe and rising importance of ALA in livestock and aqua-feed applications.

Plant sourced Omega-3 PUFA market to witness rapid growth during the forecast period

Plant sourced omega-3 PUFA is expected to witness a fastest growth in market during the forecast period. The rapid growth of this market is attributed to the increasing preference of vegetarian population to consume products that contain ingredients or components derived from plant sources. However, marine sourced omega-3 PUFA commanded the largest share in the global omega-3 PUFA market in 2017, mainly due to factors such as its wide range of applications in dietary supplements & infant formula, approval from leading organizations for its use in various products, and its easy availability & high production worldwide.

Infant formula application segment to provide the best opportunities through 2023

Increasing birth rates and purchasing power of parents across globe is driving the growth of global infant formula market. Infant formula is usually based on processed, skimmed cow’s milk. The European Food Safety Authority (EFSA) has confirmed that the omega-3 fats i.e. DHA and ALA, can benefit eye and cognitive development in babies. The U.S. FDA approved the use of DHA in infant formula in 2001, and today most popular formulas are DHA-fortified. Formula supplemented with DHA provides solution for premature babies and young infants.

China to Drive Demand for Omega 3 PUFA

Asia-Pacific (APAC) captured a significant share in global omega-3 PUFA market in 2017 and is expected to register a highest CAGR during the forecast period. Growth in this region will be mainly fuelled by the increasing urbanization and demand for healthy & nutritional products, plus the health & wellness trend and rising disposable income. In addition, increasing population and industrialization, abundant availability of raw materials, and rising investments from major players in the region further supports the growth of this market. In APAC region, China provides lucrative growth opportunities for the omega-3 PUFA market players. Large population base, rising patient pool with chronic diseases, government initiatives to promote more awareness about the importance of healthy food habits, and increasing annual birth rates fuels the growth of market in China.

Scope of Omega-3 PUFA Market Study

This industry study presents historical value market data (2016 and 2017), estimated current year data (2018) and forecasts for 2023 for the following segments.

Omega-3 PUFA Market by Source

• Marine
• Plant

Omega-3 PUFA Market By Type

• EPA/DHA
• ALA

Omega-3 PUFA Market By Application

• Dietary Supplement
• Infant Formula
• Food and Beverage
• Pharmaceutical
• Animal Feed
• Others

Omega-3 PUFA Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • Rest of APAC (RoAPAC)
• Rest of World
  • Latin America
  • Middle East & Africa

Key questions answered in Omega-3 PUFA Market report- 

Growing health consciousness among consumers and awareness about health benefits of omega-3 PUFA drive the omega-3 PUFA market globally

• How does the penetration of omega-3 PUFA in dietary supplements and food & beverages differ from other applications?
• Which are the high growth market segments in terms of value, products, and regions/countries?

The Asia-Pacific omega-3 PUFA market favours larger providers that compete in multiple segments

• Who are the top competitors in this market and what strategies do they employ to gain shares?
• Which segments of omega-3 PUFA market are expected to offer lucrative revenue growth over the forecast period and why?
• What strategies should the new companies focus to enter this market and to compete effectively?
• Who are the major players in various countries and what share of the market do they hold?
• What are the geographic trends and high growth regions/ countries? 

Recent partnerships and agreements, acquisitions, expansions, and new product launches have taken place in the omega-3 PUFA market

• What companies have recently merged/acquired and how will these unions affect the competitive landscape of the omega-3 PUFA market?
• What companies have created partnerships and how will these partnerships promote a competitive advantage?
• Who are the major players in the global omega-3 PUFA market and what share of the market do they hold?
• Who are the local emerging players in the global omega-3 PUFA market and how do they compete with the global players?