Docosahexaenoic Acid Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#acid–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Docosahexaenoic
Acid Market Procurement Research Report.’ The insights and data
in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of docosahexaenoic acid and acts as an all-inclusive
guide for making smart purchasing decisions.

“The consumption of omega-3 fatty acids is expected to increase
during the forecast period due to growing awareness of their benefits
apart from the growing concern toward maintaining health and wellness,”
says SpendEdge procurement analyst A Kowshik. “Also, suppliers are
looking to introduce technological and process innovation to increase
the concentration of DHA, use multiple strains of microalgae and
vegan-based oils, and enter into strategic collaborations,” added
Kowshik.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Docosahexaenoic Acid Market:

• Technological and process innovations to improve concentration of
  omega-3 fatty acids
• Changing preferences in consuming omega-3 fatty acids across F&B
  applications
• Growing awareness and availability of vegan sources of omega-3 fatty
  acids

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Technological and process innovations to improve the concentration of
omega-3 fatty acids:

Fish oil is a significant source of omega-3 fatty acids such as DHA and
EPA. Several studies have been conducted to enrich the concentration of
omega-3 PUFA in edible oils at lower possible costs. Moreover,
the use of technological and process innovations helps enhance the
concentration of omega-3 fatty acids at low prices, providing savings
that can be shared by buyers. Also, the knowledge of these processes may
be limited to a few suppliers, making the procurement process slightly
complicated.

Changing preferences in consuming omega-3 fatty acids across F&B
applications:

Omega-3 fatty acids are highly preferred as a functional ingredient in
fortified F&B products apart from being consumed as vitamins and dietary
supplements. Moreover, the improvements in formulation technology, the
consumption of omega-3 fatty acids such as DHA and EPA is expected to
increase in functional foods through bread, juices, and packaged meat
products. Also, the evolution of delivery mechanisms provides F&B
manufacturers to adopt omega-3 fatty acids as a core component according
to the preferred application in the market.

Growing awareness and availability of vegan sources of omega-3 fatty
acids:

Vegan-based alternatives that are rich in omega-3 fatty acids are now
widely available. Algae oil is preferred over fish oil as it comes in
the triglyceride form but is considered relatively more expensive to
harness. Additionally, vegan-based products such as flaxseed oil, echium
oil, and chia seeds are good sources of ALA. Also, the procurement of
such oils may become more complex as the supplier of vegan sources may
not as be extensive as DHA derived from fish oils.

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for Fortune 500 firms and other leading companies across numerous
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professionals make informed decisions. These innovative procurement
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Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]