According to the new research report available at MarketStudyReport.com under the title ‘Global EPA/DHA (Omega 3) Ingredients Market Research Report 2019’, the worldwide EPA/DHA (omega 3) market is presumed to attain massive growth by the year 2025.
Omega 3 fatty acids are composed mainly of docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). These are essential nutrients which are produced in limited amount in our body, hence external supplements are necessary for maintaining required levels. Omega 3 helps in the development of brain and eyes in infants and manages cardiovascular health in adults. The ingredient in found in algae, fishes and some plants.
Rising disposable incomes, increasing geriatric population, and growing consumer awareness the health benefits of omega 3 fatty acids are the main drivers of the EPA/DHA ingredients market. Though changing lifestyle leading to deficiency of essential elements in body is compelling the population to consume external supplements, but, high cost of ingredient and strict regulatory barriers are likely to hamper the market growth in the upcoming years.
According to the report, EPA/DHA omega 3 ingredients market is studied to understand the segmental shares, business channels, and customer demands. The report also offers a comprehensive insight about market growth, trends, drivers, challenges, and opportunities impacting the industry growth.
The global EPA/DHA omega 3 market is analyzed on the basis of product type, application spectrum and regional outlook. Based on the product type, the market is segmented as low concentrates, cod liver oil, medium concentrates, anchovy/sardine, salmon oil, high concentrates, and algae oil. While speaking of the application spectrum, the market is fragmented as infant formulas, dietary supplements, pet & animal feed, pharmaceuticals, and functional foods.
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Considering the regional outlook, the market is bifurcated into three major regions; North America consists of Canada, United States, and Mexico; Europe comprises France, UK, Italy, Germany, Russia, and rest of Europe; India, China and Japan fall under Asia Pacific. Furthermore, Asia Pacific omega 3 market, led by China, is projected to grow substantially over the analysis period, due to ageing population, increased customer spending, rising demand for dietary supplements in the region.
The prominent manufacturers operating in EPA/DHA (omega 3) ingredients market include Croda, Omega Protein, GC Rieber Oils, DSM, Lonza, BASF, Algae EPAX, Axellus, Aker BioMarine, and Martek.