The European Omega3 PUFA market stands at USD XX million in 2017 and is expected to reach USD XX million by 2023 growing at a CAGR of XX% during the forecasted period 2018-2023.

Europe Omega3 PUFA Market Dynamics

Europe is the second largest market for Omega3 PUFA but the market is experiencing a slow growth rate. Europe produces 20% of the world’s fish oil which are naturally rich in Omega3 PUFA. It is widely used by the food industry in various product applications such as infant nutrition products and women nutrition products and also by the pharmaceutical industry and animal and pet food industry. In Western Europe, the market is emerging due to the increased application in infant nutrition products.

An increased number of private label brands in the animal nutrition market are providing good opportunities for Omega3 fortified animal feed products in the developing regions of Western Europe. New abundant raw material sources such as krill and algae are giving the opportunity for greater industrial production.

The major drivers for the market are the increase in demand for infant food applications of Omega3 PUFA, increase fortification in food products, growing consumer health awareness, increased cases of heart disease and innovation in new product developments by scientists. High production cost and fluctuation in the cost of raw materials such as fish are the restraints for the market. Low consumer awareness of nutritional benefits of PUFA and DHA is also affecting the market. Also, product marketing with the label claim is still a big challenge for the market due to stringent regulatory laws.

Europe Omega3 PUFA Market Segmentation

In the application market Omega3 PUFA is segmented into food, dietary supplements, pharmaceuticals and animal and pet nutrition. The food application market is divided into infant nutrition and fortified foods and beverages products of which infant nutrition have the major share in the market. The market segmentation according to the type of Omega3 PUFA is divided into ALA, DHA and EPA. The market segmentation on the type of source includes marine or animal source and plant source.

Key Players in the Europen Omega3 PUFA Market

The key players in the market are DSM, BASF, Cargill, Suntory, Arista Industries Inc, FMC Corporation and Clover Corporation amongst others.