Global Omega 3 and Omega 6 Market Worth $3.21 Billion in 2016

The global omega-3 market is into higher growth trajectory in the last five years. This growth is largely fueled by the increasing awareness about the health benefits of Omega-3 such as anti-cancer effects. This growth is particularly higher in geographies such as Europe and APAC due to higher rate of occurrence of cardio-vascular diseases in these regions.

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The omega-3 and omega-6 acids form a part of major essential unsaturated fatty acids that cannot be synthesized by the body but are essential for its metabolism.

 Marine oils are the important source of omega-3 fatty acids and its market is expected to continue dominating the overall omega-3 fatty acids market. Among the various marine oils, fish oil concentrates are anticipated to witness significant growth, both in terms of volume and value.

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This market has the huge potential for growth. The market is anticipated to continue to penetrate new areas like functional foods and dietary supplements. The variety of food and other products containing omega-3 ingredients are increasing continually at present.

Omega-3 ingredients have a significant health benefits, particularly related to healthy heart. The universal acceptance of the 'heart health' benefits of omega-3 fish oils can be benefited to the enormous scientific evidence that has translated into rising consumer recognition.

The omega-3 PUFA ingredients market is related with three types of markets like marine, algal, and flaxseed oils market. Marine oils market is the attractive one and includes cod liver oil, natural fish oils, and concentrates.

Consumers are now frequently told to eat more cold-water fish to obtain the health benefits of omega 3 fatty acids. But people who just can’t stomach a food with scales are increasingly turning to a widening array of omega 3 supplements and foods. As such, innovation is highly important—products need to deliver the appropriate amounts of EPA and/or DHA, and taste good.

The following are keys to optimizing flavor when using omega 3s.

• Use the “cleanest” oil or seed that you can find.

• The older the raw material, and the less the refining that has been done initially, the more fishy it will taste.

• Minimize the presence of light, heat, oxygen, water and minerals in the formulation and processing. All of these contribute to the chemical reactions that cause that fishy flavor.

The size of omega-3 market can be derived on the basis of market shares of the major players. Market trend of this market can be analyzed on the basis of factors such as pricing and consumption. 

 

Source: International Fish Oil Standards (IFOS), MarketsandMarkets 

One of the market research surveys about omega 3 fatty acid markets analyzed the following result: dietary supplements remain the leading demand generating application with 65% market share followed by functional foods and beverages with 24%. However, functional foods and beverages are expected to grow fast due to their rising popularity. Marine oils are the largest sources for omega-3 ingredients since they are rich sources of EPA and DHA, the major omega-3 acids.

Some of the major drivers of the industry identified are novel production technologies, health benefits, and increasing demand in foods and beverages while major restraints are absence of recommended daily intake (RDI) and low consumer awareness. Key issue in the industry today is decreasing phytoplankton in global water bodies.

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