San Francisco, California (PRWEB) February 27, 2014
The global market for omega 3 is expected to reach USD 7.32 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer awareness regarding the health benefits associated with omega 3 coupled with rising prevalence of coronary heart diseases are expected to drive market demand over the next six years. In addition, growing demand from emerging applications such as infant formulas and pharmaceuticals would further boost the growth of the market over the next six years. Raw material procurement, consumer perception with regards to fish oil and its smell and the lack of standardization in terms of labeling and registration are expected to be key challenges for market participants in the near future.
Functional foods were the largest application segment of omega 3 ingredients in 2013, accounting for over 55% of the global demand. Infant formulas and pharmaceuticals were other key applications of omega 3 and are expected to have a combined market of over 2.7 billion by 2020, growing at a CAGR of 16.9 % and 17.5% from 2014 to 2020, respectively. Increasing R&D in encapsulation technology offers the market with growth opportunities over the next six years.
The report “Omega 3 Market Analysis And Segment Forecasts To 2020” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/omega-3-market.
Further key findings from the study suggest:
Direct Link for Sample Request of this report - http://www.grandviewresearch.com/request/226
For the purpose of this study, Grand View Research has segmented the global omega 3 ingredients market on the basis of application and region:
Browse All Reports of Food & Beverages Market at http://www.grandviewresearch.com/industry/food-and-beverages.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit - http://www.grandviewresearch.com.
Corporate Sales Specialist, USA
Grand View Research, Inc
Toll Free: 1-888-202-9519
Related Market Research Reports:
Animal Feed Additives Market Analysis And Segment Forecasts To 2020
Animal Feed Organic Trace Minerals Industry Trends And Market Segment Forecasts To 2020
Food Safety Testing Industry Trends And Market Segment Forecasts To 2018