Omega 3 Ingredients Market: Opportunities Abound with Remarkable Adoption of PUFAs in F&B
According
to a new study by TMR, the global sales of omega 3 ingredients are estimated to
surpass revenues worth US$ 4,900 mn in 2019. The omega 3 ingredients market continues
to remain influenced by various factors, which range from an upsurge in a
number of proactive health-conscious consumers to growing preference for
polyunsaturated fatty acids (PUFAs) as a preventive solution to prevent chronic
diseases.
The study
opines that the omega 3 ingredients market will continue to witness a notable
growth in line with rising consumer acceptance of immunity enhancing
supplements alongside the health & wellness trend. Increasing use of
polyunsaturated fats in dietary supplements, infant formulas, F&B industry,
and pharmaceutical & nutraceutical industry are likely to uphold sales of
omega 3 ingredients.
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Evident
Health Benefits of Fish Oil-derived EPA and DHA Favor Omega 3 Ingredients Sales
According
to the study, Perceived health benefits of omega 3 fatty acids, extracted from
fish oil, have been underpinning sales of omega 3 ingredients. Growing consumer
transition from saturated and trans-fats based regular diet, to mono- and
poly-unsaturated fats, which helps in lowering LDL cholesterol and risk of
cognitive impairment, will create opportunities for omega 3 ingredients
market.
The study
opines that growing consumer recognition of the benefits of algal oils for
improving joint, cardiovascular health, and fighting depression is another key
influential aspect for consumption of omega 3 ingredients. Although demand for
animal-based omega 3 ingredients remains high, the study envisages steep growth
in plant-based variants as more consumers embrace the upward vegan trend.
Omega 3
ingredients are witnessing significant global traction due to the increasing
application of PUFAs in food and beverages, pharmaceuticals, and aquaculture
industries. Rising adoption of omega 3 ingredients for infant formulas, in
light of the visual and neurological development benefits of these fatty acids
for toddlers continues to augment the market growth. With extensive researches
recognizing potential benefits of fish oil, which contains particularly
eicosapentaenoic acid (EPA) and docosahexaneoic acid (DHA), it is highly likely
that consumer acceptance of omega 3 ingredients will grow at a rapid
pace.
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The study
opines that omega 3 ingredients manufacturers are leveraging microencapsulation
technology to incorporate fatty acid-rich fish oils into food, and stabilize
these fish oil-enriched foods. Applications of highly stable microencapsulated
rich in omega 3 ingredients fish oil products in infant formulas, dietary
supplements, and food and beverages industry will remain lucrative for market
growth.
The
penetration of novel technologies in the omega 3 ingredients market grows
unabated, as the players focus on innovation to provide high-quality products
with extended shelf life. For instance, a leading company in omega 3
ingredients market, Polaris Nutritional Lipids, developed Qualitysilver - a
technology that prevents oxidation of oil to protect its nutritional and
organoleptic qualities.
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Developed Markets – First Wave of
Growth for Omega 3 Ingredients Manufacturers
The study
opines that growing health concerns pertaining to lack of eicosapentaenoic acid
and docosahexaneoic acid are making an increased number of consumers proactive
regarding awareness of immunity enhancers. Recent studies allude a large number
of health-conscious consumers in Europe and North America to consume fish
oil-derived omega 3 ingredients, as these reduce the risk of chronic
ailments.
Realizing
the growth potential in omega 3 ingredients industry, several companies are
offering omega 3 ingredients-based gummy candies that are available in various
flavors, such as orange, lemon, and strawberry. Consumption of gummy candies
that contain particularly eicosapentaenoic acid, and docosahexaneoic acid omega
3 ingredients is significantly high among consumers in countries such as the
U.S. and the U.K.
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