Credence Research has recently published a market research study that includes elaborative analysis which was result of an extensive research methodology for Omega 3 market with estimations from 2018 to 2026. The highlights of this report are drivers, restraints and opportunities of Omega 3 market, offered across the recent and estimated timeline till 2026.
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Major report takeaways are competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Omega 3 market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such as business overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Omega 3 market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).
Key research study highlights comprise:
- Exhaustive research and analysis of the global Omega 3 industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Omega 3 market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
- Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Omega 3 market specific to key segments, and regional segmentation.
- Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Omega 3 market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Omega 3 market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Omega 3 market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
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The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Purchasing managers
- Other stakeholders
The global Omega 3 market can be categorized on the basis of type as:
- ALA (alpha-linolenic acid)
- DHA (docosahexaenoic acid)
- EPA (eicosapentaenoic acid)
By product type the market is segmented, into alpha-linolenic acid, docosahexaenoic acid and eicosapentaenoic acid. EPA/DHA helps to reduce the risk of breast, prostrate and colon cancer. Moreover, EPA also decreases the risk of depression and other health related issues. In 2016, DHA dominated the market and accounted for more than half of the market share by type and projected to maintain their dominance over the forecast period of 2017 to 2025. However, there is huge potential for ALA when compared with their counterparts DHA and EPA owing to consumer preference who look for various alternatives of fish oil. In terms of revenue North America is the largest market for ALA.
The global Omega 3 market can be categorized on the basis of source as:
- Nuts and Seeds
- Vegetable oils
- Soya and Soya Products
In 2016, marine source accounted for the largest share of the market and projected to maintain its dominance over the forecast period. Krill and fish oils are two major marine sources for omega-3 fatty acid. The availability of various types of fishes and the numerous health benefits offered by them is projected to be the major factor driving the market growth. Krill comprises the largest biomass on the earth, which ensure availability of the raw material source for krill oil. However, owing to shift in trend towards non animal based supplements is projected to restrain the growth of the market. Furthermore, owing to rise in manufacturing expense due to presence of toxins along with decrease production is projected to restrict the utilization of fish oil in this industry. Other sources such as nuts and seeds, vegetable oils and soya and soya products are likely to have a positive impact on the market.
The global omega 3 market can be categorized on the basis of application as:
- Dietary supplement
- Infant formula
- Food & Beverages
- Pet Foods
- Fish Feed
Omega 3 are used in various applications. Among all the applications dietary supplements segment accounted for the largest share of the market. More than 50% of the market is accounted by dietary supplement segment. This segment is witnessing growth on account of increasing importance of omega 3 supplements. Infant formula segment is projected to witness significant growth on account of rising importance of ALA for the functional development of infants during pregnancy and first two years after childbirth. Moreover, governments are educating people, especially in emerging economies about the importance of infant health, which is further projected to fuel the growth. Food and beverages segment is projected to witness growth on account of rising demand for new health products, R&D initiative by the food manufacturers, advancement in the field of emulsification technologies and encapsulation.
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