Omega-3 Market to Reach $6,955 Million, Globally, by 2022

According to a new report published by Allied Market Research, titled, "Omega-3 Market - Global Opportunity Analysis and Industry Forecast, 2014 2022", the omega-3 market is expected to reach $6,955 million by 2022, with a CAGR of 14.9% from 2016 to 2f022. Docosahexaenoic acid segment (DHA) dominated with three-fourths market share, in terms of revenue, in 2015. Dietary supplement application accounted for three-fifths of the global omega-3 market share, in terms of volume, in 2015 and is anticipated to grow at a CAGR of 14.1%.

Omega-3 market is driven by factors such as rise in awareness among consumer about healthy & balanced diet and its health benefits. Moreover, omega-3 supplements such as eicosapentaenoic acid (EPA) and DHA reduces the risk of prostrate, colon, and breast cancer. An adequate amount of EPA decreases risk of depression and related health problems. The regulatory barrier limiting the consumption of omega-3 over certain range may restrain the market growth in the near future. Omega-3 obtained from plant origin, a good source of alpha-linolenic acid (ALA) for vegetarians, provides an opportunity for omega-3 market growth.

The global ALA market has great potential as compared to DHA and EPA as consumers constantly look for alternatives of fish oil.

The world ALA omega-3 market accounted for over $234 million in 2015. North America dominated the world ALA omega-3 market, in terms of revenue, generating $96 million in 2015. According to Eswara Prasad, Team Lead -Chemicals & Materials at Allied Market Research, The global ALA market has great potential as compared to DHA and EPA as consumers constantly look for alternatives of fish oil.

Omega-3 has a wide range of applications such as dietary supplement, pharmaceutical, infant formula, food & beverage, pet food, and fish feed. Dietary supplement is the major application and accounted for three-fifths of the global omega-3 market volume in 2015. Pharmaceutical is expected to grow (in terms of revenue) at CAGR of 18% from 2016 to 2022. The consumption of omega-3 (in terms of volume) in pharmaceutical and infant formula is estimated to increase at a higher CAGR of 18.8% and 16.3%, respectively, during the forecast period.

Fish and krill oils are two major marine sources for omega-3 fatty acid. Fish oil is applicable in aquaculture and nutraceuticals. Algal oil is one of the important sources of omega-3 fatty acid ingredients. Algal oil is the major alternative for production of omega-3; however, its relatively high price restricts its anticipated market penetration into the food and dietary supplement.

The omega-3 market for infant formula witnesses high growth rate, in the packaged food category, due to developments in Asia (particularly China), East Europe markets, and in some parts of Middle East and Latin America. Increase in the global omega-3 production and rise in its demand are the major reasons for the higher growth rate in countries such as Mexico, The Netherlands, Poland, India, and Brazil.

Key findings of Omega-3 Market study:

• North America was the dominant region in 2015 both in terms of value & volume and is expected to continue this trend throughout the forecast period.
• Revenue generated by nuts & seeds is estimated to grow at a CAGR of 25.8%.
• Dietary supplement accounted for three-fifths of the global omega-3 demand in 2015.
• Fish & krill oil sources dominated, in terms of revenue, in 2015 and is projected to grow at a CAGR of 14.2%.
• DHA segment is expected to remain dominant throughout the period under consideration.
• U.S. contributed to one-third of the market revenue in 2015.

Read more about this research at: https://www.alliedmarketresearch.com/press-release/omega-3-market.html

Don’t like fish? Follow these tips to navigate the omega-3 supplement aisle

THE QUESTION

I don’t like fish, but I want to make sure I am not missing out on its healthy oils. What’s the difference between omega-3 capsules, fish oil and krill oil? Is one better for you than another?

Omega-3 fatty acids are are good for your heart, brain, joints, vision and even your mood.
(Getty Images/iStockphoto)

THE ANSWER

There’s good reason to up your intake of omega-3 fatty acids. Research suggests that doing so is good for your heart, brain, joints, vision, even your mood.

A higher intake of omega-3 fats is also thought to help guard against Type 2 diabetes, stroke, Alzheimer’s disease and possibly prostate cancer.

If you don’t eat fish, a key source of these healthy fats, it’s important to know how to navigate the supplement aisle. Depending on the potential health benefits you’re searching for, some types of omega-3 pills won’t deliver.

What are omega-3 fatty acids?

The body can’t make omega-3 fats on its own, so you have to get them from food or supplements.

There are three kinds of omega-3 fatty acids: EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid) plentiful in fish and seafood, and ALA (alpha-linolenic acid) found in flax, chia and hemp seeds, flax oil, canola oil, walnuts, pecans, soybeans, tofu and many fortified foods (e.g., eggs, soy milk).

Omega-3 fatty acids are vital components of cell membranes, allowing nerve impulses to pass easily between cells. They’re also the building blocks for hormones that control inflammation, blood clotting and relaxation and contraction of artery walls.

The strongest evidence for the beneficial effects of omega-3 fats revolves around heart disease, and that’s especially so for DHA and EPA in fish and seafood. Higher intakes and higher blood levels of DHA and EPA appear to help lower elevated blood pressure, prevent arrhythmias (abnormal heart beats), improve blood vessel function and lower triglycerides (blood fats).

Know the Latest Research in Omega -3 Industry at: https://www.alliedmarketresearch.com/omega-3-market

Fish oil versus krill oil

Fish oil and krill oil supplements both provide heart-healthy DHA and EPA, but there are differences. Fish oil supplements are derived from salmon or a blend of fatty fish, including sardines, mackerel, herring, anchovies and/or menhaden. Krill oil doesn’t come from fish; it’s made from tiny shrimp-like crustaceans.

Perhaps the more meaningful difference, though, is the chemical structure of krill and fish oil and how it affects the absorption of omega-3 fatty acids.

Much of the DHA and EPA in krill oil is bound to phospholipids – fatty substances that dissolve easily in water and, therefore, may enhance the absorption of DHA and EPA into the bloodstream. The omega-3 fats in conventional fish oil supplements, on the other hand, are attached to triglycerides, fats that don’t readily dissolve in water.

Despite claims by manufacturers, the absorption of DHA and EPA from krill oil has not been proven to be superior to omega-3’s in fish oil. Recent studies have found little or no difference in blood levels of omega-3 fats after consuming identical amounts of the two supplements.

It seems that both krill oil and fish oil, when provided in equal doses, are equally effective at raising DHA and EPA levels in the body. Keep in mind, however, that the krill oil supplements typically provide smaller amounts of DHA and EPA than fish oil products.

Supplementing with krill oil may prevent “fishy burps,” a side effect that often occurs with fish oil. If you take fish oil and experience a fishy aftertaste, freezing the capsules can reduce the problem. Taking fish oil at the beginning of a meal, rather than after, can also help.