[15th May, 2014] The website research and markets has announced the addition of the “Omega-3 Polyunsaturated Fatty Acids (PUFAs) – An Indian Market Overview” report to their offering…
It is evident from the industry players that as a whole the Indian omega-3 market is not performing up to expectations due to the lack of promotional activities to make consumers aware of health benefits associated with the intake of omega-3 fatty acids. Among omega-3 ingredient sources algal oil is expected to grow faster than the fish oil, attributed to the large vegetarian population in India.
Indian market for omega-3 polyunsaturated fatty acid (PUFAs) ingredients is in growth stage of its lifecycle. Omega-3 fatty acids have been used in food fortification and dietary supplements from a long period in India. Consumer awareness of omega-3 health benefits and rising disposable income, especially in urban areas of the country, will lead the market growth in the future. It is estimated that the market will grow by a healthy rate of 11.4% CAGR from 2013 through 2020 in terms of volume, where as in terms of value it is projected to touch US$29.4 million by 2020 growing at a CAGR of 13%.
Dietary supplements sector is the largest consumer of omega-3 ingredients in terms of volume and value, followed by food & beverage fortification sector. Fish oil sourced omega-3 ingredients dominate the dietary supplements sector, while algal DHA oils are leading in food & beverage fortification industry. Other end-use application industries for omega-3 ingredients include infant nutrition with a significant consumption and pet nutrition with least consumption in terms of volume. Pharma and clinical nutritional applications are yet to be developed in the Indian omega-3 market.
Key Topics Covered:
- Regulatory Landscape For Omega-3 Fatty Acids
- Global Industry Structure And Competitive Landscape
Global Market Overview
Key Global Players
Indian Market Overview
Key Indian Players
Guide To The Industry
Major Global Market Players
- BASF SE
GC Rieber Oils
Lonza Group Ltd
Royal DSM NV
Smit Functional Oils (Smit & Zoon Group)
View original article at: Research and Markets: India Omega-3 Polyunsaturated Fatty Acids (PUFAs) Market Overview 2013-2020