Fish-free omega-3 ingredients market is expected to reach a value of

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Albany, New York, September 23, 2019 (GLOBE NEWSWIRE) – The global fish-free omega-3 ingredient market is expected to reach $ 590 in sales in 2019, according to a recent report from Transparency Market Research. A steadily increasing growth rate of 9% in the forecast period from 2019 to 2029 is ascribed to this growth. The market is estimated at just under US $ 1.3 billion by the end of 2029. With the increasing awareness of the increased health awareness of the population, some of the varieties of fish, mackerel and salmon have gained a boost. These fish are known to be the primary source of omega-3 fatty acids, which are key to a nutritionally healthy diet. But an increasing number of people adopting veganism and becoming vegetarians are fueling the demand for fish-free omega-3 ingredients in their diets.

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Growth in the food and beverage sector to accelerate demand

Recently, the food and beverage sector is experiencing some extraordinary changes in terms of health and healthy eating. This draws the consumer’s attention to a nutritious diet. The buyer’s knowledge of the foods consumed goes beyond the benefits of omega-3 fatty acids and the maintenance of a balance between omega-6 and omega-3 in a normal diet. Demand from health conscious buyers around the world is now changing from the type of omega fatty acid to the source. This stimulates the growth of the global market for fish-free omega-3 ingredients.

The increasing importance of plant-based and vegan ingredients in the food sector has accelerated the development of the market for fish-free omega-3 ingredients.

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Partners rely on continuing to bet on the growing population among vegetarian buyers, along with the propensity for green growth or plant-based omega-3 ingredients to keep the conservation going. However, slow regulatory approvals will remain a major challenge for market participants as they continue to make it difficult for manufacturers to offer cost-effective solutions and to postpone their product’s launch in the global fish-free omega-3 ingredient market.

Replacement of krill oil in omega-3 supplements to support growth

In addition, the ongoing pattern of replacing krill oil in omega-3 supplements with vegan natural green oil will continue to support the development of the fish-free omega-3 ingredient scene within a reasonable time frame.

The fish-free omega-3 ingredient market has performed solidly despite the higher demand for fish oil than omega-3 ingredients. The market scenario is likely to be very fragmented as the number of new biotech companies entering the market is rapidly multiplying. Although the market is still in its infancy, large food companies such as Cargill Inc., BASF and Koninklijke DSM NV have entered the market and expect enormous development potential in the future.

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Manufacturers in the fish-free omega-3 ingredients market rely on the success of the high demand for the flax-based ingredients, particularly in the European Union (EU), which accounts for around 33% of sales of the market, reflecting various key players in the global fish-free omega-3 ingredients market.

Geographically, Europe is expected to be the market for fish-free omega-3 ingredients with the highest proportions in the coming years. Nonetheless, the much-needed adjustment to the strict regulations is expected to be a challenge for investors to make profits in the named region.

New players entering the world market are mainly focused on innovating new products to increase their global reach in several end-use segments, particularly nutritional beverages. They are also working to improve the product’s own longevity through various uses of fish-free omega-3 ingredients. In June 2019, Remedy Organics – a new provider of plant-based nutritional beverages – introduced a new variety of the functional beverage called Golden Mind. This included DHA omega-3 ingredients obtained from microalgae from renewable sources.

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The review is based on TMR’s report entitled “Fish-Free Omega-3 Ingredients Market (Ingredient: Bacteria, Alpha-Linolenic Acid (ALA), Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA); Source: Algae, Plants)” [Chia Seeds, Flax Seeds, Soybean Oil, Canola Oil, Walnut Oil, Mustard Oil, Others]; Application: Food & Beverage [Food Industry {Dairy & Desserts, Bakery & Confectionary, Savoury Snacks, Breakfast Cereals, Others}, Beverage Industry {Functional Drinks, Juices, Others}, Dietary Supplements, Infant Formulas, Pharma & Personal, Animal Feed]) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2029. “

Market classification for fish-free omega-3 ingredients

The global Fish Free Omega-3 Ingredients Market has been segmented into ingredient, source, application, and region.

Global Fish Free Omega-3 Ingredients Market By Ingredient

  • Alpha Linolenic Acid (ALA)
  • Eicosapentaenoic acid (EPA)
  • Docosahexaenoic acid (DHA)

Global Fish-Free Omega-3 Ingredients Market By Source

  • Seaweed
  • plants
    • Chia seeds
    • linseed
    • Soybean oil
    • Rapeseed oil
    • Walnut oil
    • Mustard oil
    • Other

Global Fish Free Omega-3 Ingredients Market By Application

  • food and drinks
    • Food industry
      • Dairy products & dessert
      • Bakery pastry shop
      • Hearty snacks
      • Breakfast cereal
      • Other
    • Beverage industry
      • Functional drinks
      • juices
      • Other
    • Food supplements
    • Infant formula
    • Pharma & Personnel
    • Animal feed

Global Fish-Free Omega-3 Ingredients Market, By Region

  • North America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

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