Global Omega3 PUFA Market - By Product Type, Application and Geography - Market Shares, Forecasts and Trends (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 161 | Published By - Mordor Intelligence

Report Highlights

The global Omega3 PUFA market stands at USD XX million in 2016 and is expected to reach USD XX million by 2021 growing at a CAGR of XX% during the forecasted period 2016-2021.

Global Omega3 PUFA Market Dynamics

Omega3 PUFA is widely used in the food industry in various product applications such as infant nutrition products and women nutrition products and also by the pharmaceutical industry, animal and pet food industry. About 40% of the market is covered by the application in infant nutrition products followed by fortified food and beverages products.

The major drivers for the market are the increase in demand for infant food applications of Omega3 PUFA, increase fortification in food products, growing consumer health awareness, increased cases of heart disease and innovation in new product developments by scientists. High production cost, high capital investment and costly raw materials such as fish are the restraints for the market. Low consumer awareness of nutritional benefits of PUFA and DHA is also affecting the market.

Global Omega3 PUFA Market Segmentation

In the application market Omega3 PUFA is segmented into food, dietary supplements, pharmaceuticals and animal and pet nutrition. The food application market is divided into infant nutrition and fortified foods and beverages products of which infant nutrition have the major share in the market. The high birth rate in the countries such as China and India are creating increased applications in infant nutrition products. The market segmentation according to the type of Omega3 PUFA is divided into ALA, DHA and EPA. The market segmentation on the type of source includes marine or animal source and plant source. The plant source of production accounts for 52% while animal source accounts for 48% of the market share due to the cost factor.

The market is further segmented on regional basis into North America, Europe, Asia-Pacific, Africa and South America. North America holds the largest share of the Omega3 PUFA market in food applications followed by Europe and Asia-Pacific. Asia-Pacific is the fastest emerging market for Omega3 PUFA owing to the growing consumer demand for fortified and infant nutrition products.

Key Players in the Global Omega3 PUFA Market

The key players in the market are DSM, BASF, Cargill, Suntory, Arista Industries Inc, FMC Corporation and Clover Corporation amongst others.  

 

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