EPA DHA Omega 3 Ingredients Market In-depth Analysis by leading players- Arista Industries, EPAX AS, COPEINCA ASA, PRONOVA BIOPHARMA ASA, Omega Protein, Croda Inc., NU MEGA INDUSTRIES PTY LTD, Royal DSM N.V., BASF SE
Increasing consumer consciousness for adopting healthy lifestyle and to avoid hefty medical bills for treatment should fuel EPA/DHA ingredients market growth in dietary supplements applications. Favorable regulations by FDA and EFSA towards health claims for consumption of fortified foods which helps lower cardiovascular risks should favor product demand. Lack of recommended dietary intake may challenge industry growth.
The EPA/DHA ingredients market size should be worth over USD 4 Billion at the end of 2022; according to a new research report by Global Market Insights, Inc.
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Pharmaceutical applications may witness highest gains at above 5.5%. It is used to reduce cholesterol levels in the body which may further fuel product demand. Increase in research spending for product innovation to improve effectiveness may create new opportunities in the industry.
China omega 3 market size from infant formulas may register over USD 50 million at the end of forecast period. Intake of ingredients promotes eyes, brain and nerve development, which should favor industry growth. EPA/DHA ingredients are used as an in the preparation of infant formula which results in health benefits. Some of the companies engaged in infant formula production are investing in research to expand product portfolio.
Peruvian anchovy/sardine is key raw material sources used for its manufacturing process. Restriction on fishing of anchovy has caused decline in feedstock availability for product manufacturing with rise in overall oil price. This factor may create raw materials supply gap and affect EPA/DHA ingredients market price trend.
Europe omega 3 ingredients market size from functional foods application is set to exceed USD 150 million by 2022. Rise in per-capita disposable income and growing health concerns should favor regional growth. North America pharmaceutical applications expects gains close to 6%. Change in consumer lifestyle to avoid high medical bills may stimulate regional growth.
China EPA/DHA ingredients demand from pet food applications expects 4% gains. Increase in pet population and rise in disposable income levels should favor product applications scope in pet food industry.
Global EPA/DHA ingredients market share is moderately consolidated with BASF, DSM, and Croda being the key companies. Other prominent participants include Epax SA, Omega Protein, Arista Industries, Copeinca ASA, and Marine ingredients. The industry is witnessing merger & acquisitions and tie-ups to expand presence in different regions and enhance product portfolio.
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TABLE 1 Global EPA/DHA industry 360° synopsis (volume and revenue), 2012 - 2022
TABLE 2 Global EPA/DHA market volume by region, (Tons), 2012 - 2022
TABLE 3 Global EPA/DHA market revenue by region, (USD million), 2012 - 2022
TABLE 4 Global EPA/DHA market volume by application, (Tons), 2012 - 2022
TABLE 5 Global EPA/DHA market revenue by application, (USD million), 2012 – 2020
TABLE 6 Global EPA/DHAdemand in supplements and functional foods, 2012 - 2022 (Tons)
TABLE 7 Global EPA/DHA demand in supplements and functional foods, 2012 - 2022 (USD million)
TABLE 8 Global EPA/DHA demand in pharmaceuticals, 2012 - 2022 (Tons)
TABLE 9 Global EPA/DHA demand in pharmaceuticals, 2012 - 2022 (USD million)
TABLE 10 Global EPA/DHA demand in infant formula, 2012 - 2022 (Tons)
TABLE 11 Global EPA/DHA demand in infant formula, 2012 - 2022 (USD million)
TABLE 12 Global EPA/DHA demand in pet and animal feed, 2012 - 2022 (Tons)
TABLE 13 Global EPA/DHA demand in pet and animal feed, 2012 - 2022 (USD million)
TABLE 14 Global EPA/DHA demand in other application, 2012 - 2022 (Tons)
TABLE 15 Global EPA/DHA demand in other application, 2012 - 2022 (USD million)
TABLE 16 Global EPA/DHA demand from anchovy/sardine, 2012 - 2022 (Tons)
TABLE 17 Global EPA/DHA demand anchovy/sardine, 2012 - 2022 (USD million)
TABLE 18 Global EPA/DHA demand from high concentrates, 2012 - 2022 (Tons)
TABLE 19 Global EPA/DHA demand high concentrates 2012 - 2022 (USD million)
TABLE 20 Global EPA/DHA demand from medium concentrates, 2012 - 2022 (Tons)
TABLE 21 Global EPA/DHA demand mwdium concentrates, 2012 - 2022 (USD million)
TABLE 22 Global EPA/DHA demand from low concentrataes, 2012 - 2022 (Tons)
TABLE 22 Global EPA/DHA demand low concentrates, 2012 - 2022 (USD million)
TABLE 24 Global EPA/DHA demand from algae oil, 2012 - 2022 (Tons)
TABLE 25 Global EPA/DHA demand algae oil, 2012 - 2022 (USD million)
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