Omega 3 ingredients are naturally occurring nutrients and polyunsaturated fatty acids that are imperative for optimal human health. Docosahexaenoic acid, eicosapentaenoic acid, and alpha-linolenic acid are the three types of omega 3 ingredients. Omega 3 ingredients are extracted from marine and plant sources. Docosahexaenoic acid and eicosapentaenoic acid are primarily extracted from fish, while alpha-linolenic acid is extracted from plant sources such as nuts and seeds. Marine sources of omega 3 ingredients include salmon, haddock, sardine, shellfish, etc. Plant sources of omega 3 ingredients include chia seeds, flaxseeds, vegetable oils, flaxseeds, walnuts, etc. These ingredients play an important role in functional foods to increase polyunsaturated fatty acid concentration in staples.
Increasing consumption of docosahexaenoic acid and eicosapentaenoic acid owing to certain health benefits such as reduces the risk of coronary heart diseases, reduces bad cholesterol, and stabilize blood pressure. This, in turn, is expected to propel the market growth. Coronary heart disease is the most common type of heart disease, killing 365,914 people in 2017. According to the American College of Cardiology, in 2019, coronary events were expected to occur in around 1,055,000 Americans, including 335,000 recurrent and 720,000 new coronary events. Moreover, economically efficient production of omega 3 fatty acids, has led to its widespread application in the pharmaceutical and food industries, augmenting the market growth.
Increasing awareness among consumers about the health benefits of omega-3 and increasing demand for omega 3 from the pharmaceutical and food industries are also expected to propel the growth of the omega 3 ingredients market. For instance, in May 2019, KD Pharma acquired a manufacturing site in the United Kingdom to expand its capacity to manufacture omega-3 supplements. In terms of geography, the omega 3 ingredients market is divided into six regions, such as North America, South America, Asia Pacific, Europe, the Middle East, and Africa.
Moreover, with increasing demand for omega-3 ingredients, key players operating the market are focused on developing more digestible triglyceride concentrates and natural ingredients. For instance, in 2019, Polaris launched Omegavie DHA 700 algae Sensory QualitySilver, which has a DHA content of 700mg/g. The product also contains great organoleptic properties. Furthermore, key players are adopting various strategies such as mergers and acquisitions, collaborations, investments to increase production capacity, etc. to strengthen their market presence. For instance, in October 2019, Epax planned to invest around US$ 35 million to increase its production capacity in Norway and boost innovation in the omega-3 sector.
Read More @ https://digitalinsightscmi-blog.blogspot.com/2021/06/omega-3-ingredients-market-players-are.html
