Indian Omega-3 Consumption to grow by 11% CAGR to reach 2300 MTs by 2020
Industry Experts, a multi industry focused market research firm, has today announced the release of an exclusive research report on Indian Omega-3 market . The report titled ‘Omega-3 Polyunsaturated Fatty Acids (PUFAs) – An Indian Market Overview’ reveals that the market for Omega-3 is estimated to reach 1.2k metric tons valued at US$14.2 million in 2014. It is evident from the industry players that as a whole the Indian omega-3 market is not performing upto expectations due to the lack of promotional activities to make consumers aware of helath benefits asscoaited 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. Con...