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Omega-3 PUFA Market to reach 18.95 Billion USD by 2020

(Entertainment-NewsWire.com, August 27, 2019 ) The Market for Omega-3 PUFA is projected to reach USD 18.95 Billion by 2020, at a CAGR of 13.8%. Growing health consciousness & increased life expectancy among consumers, rising cases of chronic diseases, widening applications of omega-3 PUFA, and emerging technologies in food processing to upgrade the nutritional benefit of the food product are the key factors driving the growth of this market.

Dietary supplements to dominate the Omega-3 PUFA application market:

The dietary supplements has been estimated to lead the market both in terms of value and volume. The infant formula application of Omega-3 PUFA is expected to grow at a comparatively higher CAGR. The infant formula segment is growing due to the scientific evidence proving that Omega-3 fortified infant formula is beneficial for the overall development of infants.

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DHA: The most widely used type of Omega-3 PUFA:

The DHA segment accounted for the largest share in the Omega-3 PUFA market in terms of value and volume. However, the EPA segment of Omega-3 PUFA is projected to grow at a comparatively higher CAGR. DHA and EPA are harvested from more sustainable resources and are hence both preferred over ALA. Growing research and consumer usage, along with the potential health benefits of DHA to support the body’s natural anti-inflammatory response, which benefits heart health, brain health, mood, and a variety of other conditions are driving the demand for DHA.

Asia-Pacific is projected to be the fastest-growing region in Omega-3 PUFA market:

North America region was the largest market for Omega-3 PUFA in 2014. The Asia-Pacific region is projected to be the fastest-growing market for Omega-3 PUFA during the forecast period. The market here is driven by the increasing consumer awareness and growing incidences of chronic diseases such as high blood pressure, cancer, cardiovascular disease, and Alzheimer’s disease. According to the World Health Organization, in 2011, non-communicable diseases (NCDs), primarily cardiovascular diseases, cancers, chronic respiratory diseases and diabetes, were responsible for 63% of all deaths worldwide (36 million out of 57 million global deaths).

Japan dominated the Asia-Pacific market for Omega-3 PUFA owing to the rapidly aging population and the growing incidences of chronic diseases. India is the fastest-growing market in the Asia-Pacific region.

Key players:

Key players in the market include Cargill, Incorporated (U.S.), FMC Corporation (U.S.), Royal DSM (The Netherlands), Croda Inc. (U.K.), and Omega Protein Corporation (U.S.). Other players include Pharma Marine USA LLC (U.S.), Denemoga (Norway), Arista Industries Inc. (U.S.), Gc Rieber (Norway), and Polaris (France). The key players in the market are focusing on new product launches of their facilities and products to strengthen their market hold and their product portfolio.

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Source: EmailWire.Com

Source: EmailWire.com

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