The omega-3 and omega-6 acids form a part of major essential unsaturated fatty acids that cannot be synthesized by the body but are essential for its metabolism. Marine oils are expected to continue dominating the overall omega-3 fatty acids market. Among the various marine oils, fish oil concentrates are anticipated to witness significant growth, both in terms of volume and value.
With the huge market potential and the growing preference, the market is likely to witness considerable growth. The market is anticipated to continue penetrating the functional foods and dietary supplements arena. The growth of the market is also largely attributed to the technological developments that have made possible the incorporation of the originally unpalatable marine oils in a number of food and beverage applications. The variety of food and other products containing omega-3 ingredients are increasing continually at present.
Omega-3 ingredients have emerged as a vital functional ingredient delivering significant health benefits, particularly those related to healthy heart. Omega-3 ingredients are amongst the most extensively researched and clinically established functional ingredients available in the food and beverage industry. The universal acceptance of the ‘heart health’ benefits of omega-3 fish oils can be benefited to the enormous scientific evidence that has translated into rising consumer recognition.
This market research study provides detailed qualitative and quantitative analysis of the omega-3 PUFA ingredients market. It provides individual forecasts for marine, algal, and flaxseed oils market. In addition, it details the marine oils market and provides separate forecasts for cod liver oil, natural fish oils, and concentrates. The study also analyzes the supply chain, raw material supply, regulatory issues, and competitive structure of the market. It provides qualitative analysis of the omega-6 ingredients market as well.
The size of omega-3 market was derived from the aggregation of the market shares of the major players and the forecast is based on an analysis of the market trends such as pricing and consumption. The penetration of micro-markets was established through secondary sources and validated through primary sources.
The geographical split is determined using secondary sources verified through primary sources. It is based on various parameters such as number of players in a particular region and the extent of research activity occurring in that geography.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive technical and commercial study of omega-3 fatty acids. The primary sources – selected experts from related industries and selected suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects.
A top-down approach was used to estimate the market sizes of omega-3 and its applications. The research methodology used to calculate the market size also includes the following details: The key players in the omega-3 market were identified through secondary research and their market revenues were determined through primary and secondary research. It includes study of the annual reports of top market players and interviews with key opinion leaders such as chief executive officers, directors, and marketing people.
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