According to a market report by Lucintel, the future of the omega 3 ingredient market looks promising with opportunities in the supplements and functional foods, pharmaceuticals, infant formula, and pet and animal feed application segments. The omega 3 ingredient market is expected to grow with a CAGR of 15% from 2019 to 2024. The major growth drivers for this market are augmented application scope, increasing consumer health concerns, and scientific evidence supporting health benefits.
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In this market, eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA), and aplha-linolenic acid (ALA) are the major type segments. EPA is the largest type segment of this market.
North America will remain the largest market over the forecast period due to growing disposable income, increasing health awareness, and an upsurge in consumer expenditure on healthy food products.
Koninklijke DSM NV, BASF SE, Croda, NU-MEGA, Pronova, Omega Protein Corporation, and Ocean Nutrition are among the major manufacturers of omega 3 ingredients.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the omega 3 ingredient market by application, product, type, and region. Lucintel has prepared a comprehensive research report titled "Omega 3 Ingredients Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the omega 3 ingredient market by application, product type, and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
Supplements and Functional Foods
Pharmaceuticals
Infant formula
Pet and Animal Feed
Others
By Type [$M shipment analysis for 2013 – 2024]:
Eicosapentaenoic Acid (EPA)
Docosahexaenoic Acid (DHA)
Aipha-linolenic Acid (ALA)
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/omega-3-ingredient-market.aspx or helpdesk@lucintel.com.
About Lucintel
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