Impact of COVID-19 on Fish-free Omega-3 Ingredients Market : Implications on Business
The latest market forecast report published by Transparency Market Research on the fish-free omega-3 ingredients market includes the global industry analysis and opportunity assessment for the period of 2019-2029. Revenue generated from the global fish-free omega-3 ingredients market has been estimated to be valued at ~ US$ 590 Mn in 2019, which is projected to increase at a CAGR of ~ 9%, to reach a value of ~ US$ 1.3 Bn by 2029.
Vegans & Vegetarians Demand Fish-free Omega-3 Ingredients and Supplements
All three types of omega-3 are important, but evidence shows that, DHA and EPA have unique benefits, especially for boosting brain health, reducing inflammation, and improving retinal health. For vegans (vegetarians who eat food derived only from plant sources) and vegetarians, it is difficult to get adequate amounts of omega-3 fatty acids in their diet, as the two essential omega-3 fatty acids, DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid), are mostly derived from fish and animal sources. Omega-3 ingredients derived from plant sources only contain ALA (alpha-linolenic acid), which is a precursor form that gets converted to DHA & EPA inside the body.
Request PDF Brochure : https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=68579
Since there are not many sufficient vegan food sources of EPA and DHA, those who follow a vegan diet often have lower levels of these fatty acids in their blood. Therefore, keeping vegan and vegetarian diets in mind, manufactures are developing products from algal oil or plant-based products such as chia seeds, flaxseed oil, canola oil, hemp seeds, walnuts, and others, which are growing as fish-free omega-3 ingredients.
Growing Need for an Alternative to Fish-derived Omega-3 Ingredients
Many fish-derived oil supplements in the market are rancid, i.e. oxidized. Rancid oils/fats can damage cells and contribute to atherosclerosis. Free radicals from rancid oils are known to damage DNA cells. Free radicals are produced by toxins as well as by normal bodily processes, and can cause damage to the arteries and also act as carcinogens.
REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=68579
Fat-soluble pollutants such as polychlorinated biphenyls may biomagnify in marine food chains and end up in concentrated amounts in fishy oil supplements. This accumulation is causing contamination and fastening the process of oxidation of supplement oils/ fats.
Explore Transparency Market Research’s award-winning coverage of the global Industry:
Fish-free Omega-3 Ingredients Market: Tedious Process of Regulatory Approval
The restraining factor for the fish-free omega-3 ingredients market is slow regulatory approval for health claims. For medicines and drugs, after clearing the phase III trial, approval for prescription takes another six to twelve months. There are various steps included for the drug to be approved for prescription, which include the discovery and development process that begins in the laboratory. During the second step, drugs undergo laboratory and animal testing to clear basic safety questions. The third step involves clinical research, where drugs are tested on people to make sure they are effective and safe. Later, an FDA examination takes places for the final approval. For any drug, supplement, or medicine, it usually takes around 10 years to be developed and approved for prescription. So, in order to sanction any sort of health claim, the wait is quite long, which hampers the growth of the fish-free omega-3 ingredients market, significantly.
Fish-free Omega-3 Ingredients Market Classification
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
- Chia Seeds
- Flax Seeds
- Soybean Oil
- Canola Oil
- Walnut Oil
- Mustard Oil
Global Fish-free Omega-3 Ingredients Market by Application
- Food & Beverages
- Food Industry
- Dairy & Dessert
- Bakery & Confectionary
- Savoury Snacks
- Breakfast Cereals
- Food Industry
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.