DUBLIN--(BUSINESS WIRE)--The "Global Omega-3 Product Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global omega-3 product market was valued at USD 31.4 billion in 2015. Omega-3 products consist of eicosapentanoic acid (EPA) and docosahexanoic acid (DHA) based products.
The global omega-3 product market has been dominantly driven by the strong demand for infant formula products in developing regions such as China. Omega-3 demand is growing at a faster rate in infant food fortification as it provides the essential DHA for infant brain development. In addition, the global dietary supplement market is growing at a faster rate, which has increased the demand for omega-3 supplements.
The market has been segmented by type, concentration type, application type, and geography. There are commercially two types of essential omega-3 fatty acids - eicosapentanoic acid (EPA) and docosahexanoic acid (DHA). DHA holds the largest share in the market due to its high demand in infant formula products and legal recommendations regarding it. By concentration type, the market is segmented into high concentrated, concentrated, and low concentrated product. By application, the market is segmented into infant formula, dietary supplements, fortified food & beverages, clinical nutrition and medical foods, pharmaceuticals, and animal nutrition. The infant formula market is growing at a CAGR of 8.2% during the forecasted period.
Japan and China are the significant market in the Asia-Pacific region. Asia-Pacific holds the major share in the omega-3 products market due to high infant formula consumption, followed by North America with a market share of 32%. South America is another growing market for omega-3 fatty acid driven by the high consumption of fortified products.
- DSM NUTRITIONAL PRODUCTS
- Bioprocess Algae LLC
- Cargill Inc.rporated
- QUALITAS HEALTH
- NORDIC NATURALS
- SIMRIS ALG
- FMC Corporation
- TerraVia (Solazyme)
- Croda International PLC
- Nature's Way (Ascenta Health)
Key Topics Covered:
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
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