Global Omega-3 PUFA Market: Key Highlights
Global Omega-3 PUFA Market: Key Market Dynamics
Global Omega-3 PUFA Market: Regional Overview
The North American market is expected to witness high demand for Omega-3 PUFA owing to the rising prevalence of cardiovascular diseases and cancer. According to the American Heart Association, cardiovascular disease was listed as the underlying cause of death, accounting for 840,678 deaths in the US in 2016.
According to the Cosmetics Europe, the European cosmetics & personal care market was valued at USD 90 billion in 2018. The organization states that there are approximately 77 scientific innovation facilities in Europe to carry out research in regards to cosmetics and personal care products.
Figure: TOP EUROPEAN MARKETS FOR COSMETICS & PERSONAL CARE PRODUCTS, 2018
Source: Cosmetics Europe
Thus, the high demand from the cosmetics & personal care industry is expected to drive the Omega-3 PUFA market in the European region.
Global Omega-3 PUFA Market: Key Players Overview
BASF SE is one of the leading chemicals company and operates through six business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Its products portfolio includes chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services. In June 2018, BASF and Xerion entered into a three-year agreement, under which BASF’s human nutrition brand, Newtrition will have the exclusive distribution rights to market PUFAcoatTM Omega-3 Index test kits offered by Xerion’s proprietary dried blood spot technology.
Cargill, Incorporated provides agricultural products and operates its business through the following segments: food ingredients & bio-industrial, animal nutrition, protein & salt, agricultural supply chain, and metals & shipping. In August 2019, Cargill received approval from the US Department of Agriculture for the cultivation of its proprietary canola producing omega-3. This was the company’s strategy to commercialize an alternative ingredient for the use in aquaculture feed.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.
Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.
Phone: +1 (720) 306 9020