EPA/DHA (Omega3) Ingredients Industry projected to register more than 7% CAGR between 2020 and 2026, impelled by increasing consumer awareness for omega-3 fortified products.
Selbyville, Delaware, Oct. 29, 2020 (GLOBE NEWSWIRE) —
The EPA/DHA (omega3) ingredients market value is expected to cross USD 3.8 Billion by 2026, according to a new research report by Global Market Insights, Inc. Growing awareness about the functional benefits of EPA/DHA ingredients and increasing and increasing health care cost is anticipated to propel the industry outlook.
EPA/DHA (Omega3) Ingredients industry from EPA is expected to register over 8.6% CAGR through 2026, due to the virtue of increasing high quality supplements and increasing product penetration. Since, EPA fatty acid supplements help to support good heart health along with weight management, child development, and joint health. EPA metabolizes to produce hormone like substances called eicosanoids which are responsible regulating cell growth, muscle activity, hormone secretion and blood clotting. Thereby, demand for EPA/DHA(Omega3) ingredients is anticipated to grow. Moreover, rising incidences of various diseases like cardiovascular disease, diabetes and hormonal issues owing to hectic lifestyle and harmful dietary habits will boost product demand.
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The global economy is hit by COVID- 19 pandemic where, even after continuing the operations, many nations are facing challenges of resuming their production capacity and manufacturers are experiencing the effect of shortages in their distribution networks. However, increasing electricity demand and robust growth across the healthcare sector is anticipated to amplify the product installation.
Some major findings of the EPA/DHA (omega3) ingredients market report include:
The gradual shift of consumers towards dietary and functional food has gain traction owing to its high protein and nutrition content will foster the global Market trends.
Increasing incorporation of EPA/DHA ingredients in infant formulas is one of the defining trends which creates favourable market demand.
EPA/DHA (omega3) ingredients demand from animal & pet feed is expected to register over 9.8% CAGR through owing to increasing number of pet ownership.
High demand of clean label products is creating lucrative growth opportunities for the market.
EPA/DHA ingredients sourced from plant such as algae is likely to gain traction in the market due to increasing vegan population.
Key players operating in the market are continuously investing in research and development activities in order to monitor its product offerings and exhilarate ever rising demand of consumers.
Increasing application scope in cancer treatment may drive the industry demand. Rise in R&D expenditure to develop omega 3 clinical nutrition products and pharmaceutical drugs should have positive influence on product demand.
Some of the major players operating in the market are BASF, Koninklijke DSM N.V., Croda International plc, Omega Protein, Nordic Naturals, Inc., Copeinca ASA, Epax Norway AS, Arista Industries, Inc., GC Rieber, Solutex, Olvea and Lysi others.
Browse key industry insights spread across 300 pages with 396 market data tables and 30 figures & charts from the report, “EPA/DHA (Omega3) Ingredients Market Forecasts By Application (Dietary supplements, Pharmaceuticals, Functional Foods, Pet & Animal Feed, Infant Formulas), Source (Anchovy/Sardine Oil, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tuna Oil, Cod Liver Oil, Salmon Oil, Krill Oil, Menhaden Oil), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Asia Pacific EPA/DHA (omega3) ingredients market is projected to achieve more than 8.6% CAGR through 2026, owing to increasing number of number of poultry and livestock in the region. The growth in production of nutritionally enriched eggs and meat and other poultry products help consumers to meet health goals and producers to increase the value of their product. Poultry, swine and ruminants require essential fatty acids to improve feed conversion, encourage strong metabolism, improves palatability and reduce inflammatory response. Omega 3 in cattle diets helps in decreasing immune stress and leads to improved health and reproductive efficiency. These improvements cut down the veterinary cost by enhancing overall health. EPA/DHA ingredients in broiler feed improves growth performance, bone strength along with enhancing production of omega fortified derived foods for human nutrition. These ingredients play a vital role in weaning pigs to increase weight lost during lactation. Weaning pigs utilizes body fats to meet the energy demands of the body during lactation and tends to lose excessive body weight. Omega 3 improves the feed intake and improves piglet growth and viability, thereby promoting product demand.
In the recent few years, the women working population has shown noticeable difference across the globe. This has led increase the incorporation of DHA in infant formula. As, breastfeeding is one of the best options to provide enough amount of DHA to infant for their proper growth, however in some cases mothers are not able to provide enough level of DHA to infants due to low level of omega 3 in their body. Due to this mother are shifting their focus towards omega 3 rich infant formula for their infant proper development. Omega 3 plays a significant role for neurological and visual development in infants. It also plays key role in improving the memory function of infants and children. Various regulatory authorities are also supporting adoption of infant formula enriched with DHA and EPA for non-breastfed infant. United nations world health organization/Food and Agriculture Organization recommends all infant formula should consist of DHA. Initiative taken by the official bodies may favor the EPA/DHA (omega3) ingredients market demand.
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Browse Related Report:
Fatty Acids Market for Food Applications By Application (Food & Beverages, Dietary Supplements, Infant Formula), Product (Omega 3, Omega 6, Omega 7, Omega 9), Type (Saturated, Monosaturated, Polyunsaturated), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
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