Market Trends of Omega 3-PUFA Industry
This section covers the major market trends shaping the Omega-3 PUFA Market according to our research experts:
Increasing Demand for EPA Contained Food
The demand for Eicosapentaenoic acid is rising among consumers, which is one of the several omega-3 fatty acids. This is due to the fact that EPA can help in preventing and reversing heart disease, and consumption of these products can help in decreasing irregular heartbeats, which include inflammation, peripheral artery disease, major coronary events, and anticoagulation. Thus, the consumer consciousness towards a healthier lifestyle is eventually dragging the per capita spending towards this specific market. Some of the most common foods that contain Eicosapentaenoic acid are cold-water fish, nuts, seeds, and plant-based oil. The health benefits gained by EPA are majorly preferred by consumers worldwide. Thus, this factor is driving the market tremendously.
Asia Pacific is the Fastest-Growing Market
Asia- Pacific is the fastest-growing region for the omega-3 ingredient market, with major markets in China and Japan. China is the largest market, followed by Japan and Australia. The strong manufacturing base, increasing middle-class population, disposable income, and health awareness are fueling the market for omega 3 PUFA, especially the consumption of EPA and DHA ingredients in China. The high birth rate and the recent abolition of the one-child policy in China are expected to fuel the demand for DHA-based ingredients for infant nutritional formulae. Infant formulae followed by dietary supplements are two major application areas in the Chinese EPA and DHA market. The dietary supplements sector in the China marketplace is expected to emerge as a lucrative application sector for EPA and DHA ingredients amid an increase in discretionary spending.
