Omega 3 Ingredients Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis
Individuals in developed countries have embraced health and wellness living practices to a considerable degree, according to published data from reliable healthcare sources. Large availability of medical literature that emphasizes the significance of healthy foods, along with details of their sources, recommended consumption amounts, and health benefits among others is helping to make these foods routine in everyday diets.
Among a slew of recommended health-benefitting foods, omega 3 ingredients have gained significant traction endorsed by their scientific evidence. In particular, omega 3 ingredients are finding increasing acceptance for heart health, including reducing triglycerides and slowing the development of plaque in the arteries.
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Omega3 ingredients are of three types docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA) present in foods and dietary supplements. According to the U.S. Office of Dietary Supplements, most people in the country get enough ALA in their diet. The dietary requirement of DHA and EPA is not yet established by experts. Nonetheless, the demand for omega 3 foods is growing rapidly taking a cue from initial research that links omega 3 fatty acids with various health benefits beyond the basic maintenance of cells.
Fish oil, chia seeds, and hemp seed are some animal and plant based natural sources of omega 3 ingredients. Besides this, food companies are introducing foods that contain omega 3 ingredients, based on this knowledge that omega 3 ingredients have immense health-benefitting attributes.
The consolidation of medical knowledge, business ventures, and dietary goals have led to the creation of a highly profitable omega 3 ingredients market with sales recorded upward of US$ 4,500 Mn in 2018. Going further, the omega 3 ingredients market is projected to expand at a stellar 11% CAGR from 2019 – 2027, according to a business intelligence study published by TMR.
Best Sourced from Fish Oil, Availability of Fish Oil Supplements Promising for Growth
Among the natural sources of omega 3 ingredients, commonly referred to as omega 3 fatty acids, fish oil and fatty fish like salmon and trout are the most well-known. According to studies, it is found that people who eat fish, which is a key source of omega 3 fatty acids, have a lower risk of heart diseases compared to those who do not eat fish.
Meanwhile, to expand the availability of fish oil in an easily consumable form, pharmaceutical companies and food companies have introduced omega 3 fish oil supplements with nearly same benefits like that of natural fish oil. Still, the heart-healthy benefits of fish oil supplements are unclear, therefore, physician consultation is required to know how it will work for patients of heart diseases.
In the past decade, in the U.S., the demand for fish oil supplements has increased manifold among both healthy individuals and those with heart disease.
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Expanding Product Range to Serve Shifting Food Choices to Open Avenues
Growing shift from saturated and trans-fats based regular diet to mono unsaturated and poly-unsaturated fat based diets, which help in lowering LDL cholesterol and risk of cognitive impairment, is likely to create impressive opportunities in the omega 3 ingredients market.
“The growing consumer recognition of the benefits of algal oils for improving cardiovascular health, joint power, and fighting depression is another aspect behind the consumption of omega 3 ingredients,” says the lead analyst of the study.
Although the demand for animal-based omega 3 ingredients remains high, steep rise in demand for plant-based products is expected with growing inclination for vegetarian and vegan diets. To serve the growing demand for polyunsaturated fats based foods, pharmaceutical products, and aquaculture products, this is indirectly creating demand for omega 3 ingredients.
For example, omega 3 ingredients are increasingly finding use in infant formulas, in light of their benefits for visual and neurological development of toddlers. Continued research for the potential health benefits of omega 3 ingredients in the growth and development of toddlers is promising for the growth of omega 3 ingredients market.
Penetration of Novel Technologies to help Manufacture Improved Products
Players in the omega 3 ingredients market are increasingly employing microencapsulation technology to expand the application of omega 3 ingredients in foods and pharma products. The objective is to add fish oils rich in omega 3 fatty acids in foods, and to stabilize these foods for longer shelf life.
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Taking a cue from this, players in the omega 3 ingredients market are investigating applications of microencapsulation technology to incorporate omega 3 ingredients in infant formulas and dietary supplements. For example, Polaris Nutritional Lipids – a leading company in the omega 3 ingredients market – developed a novel technology Qualitysilver that prevents oxidation of oil to protect its organoleptic and nutritional qualities.
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