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Oct 8, 2020 8:00 AM ET

Fish-Free Omega 3 Ingredients Market is set for a Rapid Growth and is expected to grow at a CAGR of 6.1% by 2026

iCrowd Newswire - Oct 8, 2020

Zion Market Research has published a new report titled “Fish-Free Omega 3 Ingredients by Ingredients (Alpha-Linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA), by Source (Algae and Plants), by Application (Food Industry, Beverage Industry, Pharmaceutical and Nutraceutical Industry, Infant Formula, and Animal Feed): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2026.”According to the report, the Fish-Free Omega 3 Ingredients market growing at a CAGR of around 6.1% between 2019 and 2026.

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Growing consumer demand for wellness solutions alongside awareness about how diet and lifestyle choices impact health are steering the omega-3 market in positive directions. Moreover, plant-based omega-3s is expected to contribute to growth as more consumers are searching for products without fish oil. In recent years, foods that contain omega-3 lipids have emerged as important promoters of human health. These lipids are essential for the functional development of the brain and retina, and reduction of the risk of cardiovascular and Alzheimer’s diseases. The global market for omega-3 production, particularly docosahexaenoic acid (DHA), saw a large expansion in the last decade due to the increasing use of this lipid as an important component of infant food formulae and supplements. Oils, rich in DHA, are essential ingredients for the production of a number of nutraceuticals and functional foods, and this availability has expanded the horizons of consumption of individuals, increasingly eager for a balanced diet rich in bioactive compounds. The main source of DHA (omega-3) is marine organisms, which is why compliance with a high daily intake implies high consumption of seafood. However, eating seafood or its derived oils may have its downsides: damage to human health has been linked to the consumption of marine organisms because some species of fish are contaminated by environmental pollutants such as dioxins, methylmercury and polychlorinated biphenyls. These are mostly hydrophobic pollutants and accumulate along the marine food chain, mainly in lipid bodies.

Global Fish-Free Omega 3 Ingredients Market

Based on the source, the market has been classified into algae and plant. The plant source is further categorized into chia seeds, flax seeds, soybean seeds, canola oil, walnut oil, mustard oil, and others. Chia seeds have greater contents of omega-3 acids than flaxseed.  Chia seeds are also a good source of plant protein, which accounts for approximately 18–24% their mass. Chia seeds are used whole, ground and in the form of gel and oil. The gel of chia seeds may be used as a substitute for oil or eggs in baked products. Such application facilitates reduced calorie and fat contents of products. Furthermore, in the case of baked goods, the final product has a greater content of omega-3 acids, which are major biological compounds of great importance for human health. Chia can be part of the new foodstuffs with health-promoting qualities. The seeds are a good source of fibre and can be recommended for diabetes and people with hypercholesterolaemia. Moreover, they can be supplements in the daily diet because of the high content of omega-3.

On the basis of application, the market is segmented into the food industry, beverage industry, pharmaceutical industry, nutraceutical industry, infant formula, and animal feed. According to some studies, fish oils can lower the risk of heart disease, others are inconclusive and some show fish oils increase the risk of a heart attack. Safer, healthier and sustainable sources of omega-3s include flaxseeds (linseeds), rapeseeds, soya, walnuts and oils made from them. Some species of algae (and supplements made from them) can provide the longer chain omega-3s found in oily fish without exposing human to harmful pollutants.

Some key players in operating in the fish free omega 3 ingredients market are Croda International PLC, Natural Products Drugs GmbH, Hero Nutritionals Inc., Arista Industries Inc., Epax Norway AS, BASF SE, Barleans Organic Oils, Denomega Nutritional Oils, Algaecytes Limited, ALGISYS, LLC, Cellana Inc., Koninklijke DSM N.V., and Cargill Incorporated.

Global Fish Free Omega 3 Ingredients Market: Application Segment Analysis

Global Fish Free Omega 3 Ingredients Market: Regional Segment Analysis

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