(PRWEB) July 05, 2014
The North American market for omega-3 and speciality lipids is expected to grow at a CAGR of 6.5% from 2013 to 2018. Dietary supplements is the largest application segment that drives this region. North America has large number of obese consumers that are the potential buyers of health food and nutrition products. Omega-3 fatty acid is the most consumed ingredient because of its varied applications in food, pharmaceuticals, as well as dietary supplements. Health concerns related to obesity, cardiac failure, neural disorders, and so on, are driving consumers towards nutraceuticals that consist of polyunsaturated fatty acids as an ingredient in them. Companies such as BASF (Germany), Nissui (Japan) and Wuxi Xunda (China) dominated the North American market.
Browse through the market data tables, figures and detailed ToC on the “North American Omega 3 & structured lipids (Nutraceuticals) Market”.
Europe Nutraceuticals Market
The largest share of the European for omega-3 and speciality lipids market was captured by France. The largest share of the regional market is estimated to lie with Germany. The Western European region is experiencing a void between demand and supply of Omega-3 fatty acids, leading to their imports in this region from Asia-Pacific. Polyunsaturated fatty acids facilitate healthy aging. This has caused an increase in the demand for formulations that incorporate these ingredients. Consumers are ready to spend premium amounts for quality products. This has caused a rise in demand for Omega-3 fatty acids, PUFA, and specialty fatty acids in this region. The European market is projected to reach $996.5 million by 2018, at a CAGR of 6.6. BASF (Germany), Nissui (Japan) and Wuxi Xunda (China) are the major companies in this region.
Asia Pacific Nutraceuticals Market
The Asia Pacific market for omega-3 and speciality lipids is expected to grow at a CAGR of 6.6% from 2013 to 2018. The Asia-Pacific region is seen to have a rise in the number of cardiac disorders due to unhealthy food habits, owing to changing lifestyles of the people. The role played by polyunsaturated fatty acids in cholesterol control has fashioned a massive rise in demand for them in the Asia-Pacific region. Countries such as China, Japan, India, and Australia are the biggest consumers of Omega-3 fatty acids. There is a large market available for these ingredients in the Asia-Pacific region, mainly due to the rise in the demand of dietary supplements which incorporate these ingredients. Considering the ever increasing population with an exponential rise in demand, the risks involved in making investments for Omega-3 fatty acid production are considerably less. Companies such as Wuxi Xunda (China), BASF (Germany) and Nissui (Japan) are leaders in omega-3 and speciality lipids ingredients production in this region.
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