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Fish-Free Omega-3 Ingredients - Global Market Outlook (2019-2027)

Fish-Free Omega-3 Ingredients - Global Market Outlook (2019-2027)

4.9 (91 reviews)
Published: June 2020 ID: SMRC19338
4.9 (91 reviews)
Published: June 2020 ID: SMRC19338

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Fish-Free Omega-3 Ingredients Market is accounted for $0.59 billion in 2019 and is expected to reach $1.28 billion by 2027 growing at a CAGR of 10.2% during the forecast period. Increasing awareness and an ageing population are the major factors propelling the market growth. However, cluttered market behaviour and limited availability of omega 3 ingredients in high potential countries are hampering the market growth.

Fish-Free Omega-3 Ingredients are obtained from canola oil, flaxseed oil, chia seed oil, soybean oil, walnut oil, and mustard oil, among others. The pant sources for omega-3 ingredients only contain Alpha-Linolenic Acid (ALA), which is converted to Eicosapentaenoic Acid (EPA) and Docosahexaenoic acid (DHA) in the human body. In terms of potency, the vegan omega-3 is not as effective as fish oil, as it lacks EPA & DHA. Moreover, algal oil is as potent as fish oil and is also considered 100% vegan. This is due to the fish and other aquatic animals become rich in omega-3 by consuming and digesting algae, which itself is rich in DHA & EPA vital fatty acids.

Based on the application, the food & beverages segment is going to have a lucrative growth during the forecast period owing to the exceptional transformations related to health and healthy food. This factor is drawing consumer attention towards nutritious diet. The buyer’s knowledge regarding the food being consumed is surging above advantages of omega-3s and maintaining a balance between omega-6 and omega-3 in a regular diet. This is stimulating the growth in global Fish-Free Omega-3 Ingredients market.

By geography, Europe is going to have a lucrative growth during the forecast period due to the presence of leading players in the market which are adopting the strategy of investing heavily in research & development (R&D), and launching innovative ingredients, while conforming to the regulations. Manufacturers in the Fish-Free Omega-3 Ingredients market are riding on the coattails of the strong requirement for flax-based ingredients, particularly in the European region.

Some of the key players profiled in the Fish-Free Omega-3 Ingredients Market include Algaecytes Limited, Algisys LLC, Arista Industries Inc, Barleans Organic Oils, BASF SE, Cargill Incorporated, Cellana Inc, Croda International PLC, Denomega Nutritional Oils, Epax Norway, AS, Hero Nutritionals Inc, Koninklijke DSM N.V, and Natural Products Drugs GmbH.

Sources Covered:
• Algae
• Plants

Ingredients Covered:
• Alpha-Linolenic Acid (ALA)
• Docosahexaenoic Acid (DHA)
• Eicosapentaenoic Acid (EPA)

Applications Covered:
• Animal Feed
• Automotive
• Dietary Supplements
• Film- Stretch & Shrink
• Food & Beverages
• Infant Formulas
• Packaging
• Pharmaceuticals
• Personal Care
• Polymer Modification
• Wires & Cables 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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