Nut, Plant, and seed are expected to capture maximum revenue over the forecast period owing to increasing demand of marine extracted omega-3 coupled with increasing inclination towards plant supported diet. On the basis of application, the market can be segregated into Fat & spreads, Dairy Products & eggs food supplements, Bakery, confectionary, dietary supplements and non-alcoholic beverages.
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Dietary supplements section is expected to be the biggest consumer of an omega-3 constituent in term of revenue and volume over the forecast period, chased by food supplement and nonalcoholic beverage enrichment sector. Fish oil supplied omega-3 ingredients is expected to dictate the dietary supplement sector over the forecast period, Algal DHA oils expected to lead in food supplement sector & non-alcoholic beverage enrichment industry. Other end-use application markets for omega-3 PUFA constituents comprise pet nutrition with a noteworthy consumption and infant nutrition with the slightest utilization in terms of volume. Clinical and Pharma nutritional functions are yet to be industrialized across the world omega-3 PUFA market.
Some of the key players in the market are Royal DSM, FMC Corporation, BASF SE, Croda International PLC, Aker BioMarine ASA, Cargill, and Incorporated. The key players in the market are going through series of mergers & acquisition to get a better grip over the market. The market is less fragmented and lack of standardization is there. The novel uses of Omega-3 PUFA in the curing of Rheumatoid Arthritis are fuelling the innovation in this market. According to certain research, it has been found that omega-3 PUFA are great in curing Rheumatoid Arthritis. The active companies in this market spend the great amount on research & development which helps in giving them the competitive edge.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue( million USD), market share and growth rate of Omega-3 Polyunsaturated Fatty Acids in these regions, from 2013 to 2025( forecast), covering
• North America
• Europe
• China