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BASF, Omega Protein Profiled in EPA DHA Omega 3 Ingredients Market 2018-2024 | Prominent Players - Pronova BioPharma ASA, DSM, NU-MEGA INGREDIENTS LIMITED, Epax AS, , Arista Industries, COPEINCA

EPA DHA Omega 3 Ingredients Market

EPA DHA Omega 3 Ingredients Market

Shift in consumer focus towards nutrient based diet due to multiple health benefits should favor EPA/DHA ingredients market size. It is used to reduce cholesterol level, heart diseases and blood pressure level.

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.

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Competitive Insights
1. BASF
2. DSM
3. NU-MEGA INGREDIENTS LIMITED
4. Omega Protein
5. Pronova BioPharma ASA
6. COPEINCA
7. Epax AS
8. Arista Industries
Supplements and functional foods are expected to be the leading application segment

Dietary Supplements, Functional Foods, Pharmaceuticals, Pet & Animal Feed, Infant Formulas are the key applications driving the omega 3 ingredients industry share. Dietary supplements application was over 1 billion in 2014, owing to rise in consumption of sport nutrition products. Various dietary supplements products helping in controlling cardiovascular risks by providing vital nutrition will stimulate omega 3 ingredients market size. EPA/DHA ingredients industry share in dietary supplements application is projected to surpass 95 kilo tons in the coming five years. Omega 3 ingredients market in pharmaceutical application is anticipated to surpass USD 500 million in coming five years. EPA/DHA ingredients are beneficial in reducing LDL cholesterol levels which will generate heavy demand for omega 3 ingredients in pharmaceutical applications.

High concentrates source is estimated to be a major revenue contributor in omega 3 ingredients market

Based on source, omega 3 ingredients are majorly derived from Anchovy/Sardine, Cod Liver Oil, Salmon Oil, Algae Oil, High Concentrates, Medium Concentrates and Low Concentrates. Omega 3 ingredients derived from sardine will generate a heavy demand of over 60 kilo tons by 2022. High concentrates omega 3 ingredients market share is a major revenue pocket, owing to its high price and increased applications in functional food and pharmaceutical industries. Furthermore, algae oil source in omega 3 ingredients market is anticipated to witness an annual growth rate of 8% over the period of 2015-2022.

Browse key industry insights spread across 90 pages with 47 market data tables & 9 figures & charts from the report, “EPA/DHA (Omega 3) Ingredients Market Size By Application (Dietary Supplements, Pharmaceuticals, Functional Foods, Pet & Animal Feed, Infant Formulas), By Source (Anchovy/Sardine, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tuna Oil, Cod Liver Oil, Salmon Oil, Krill Oil, Menhaden Oil), Industry Analysis Report, Regional Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/EPA-DHA-omega-3-ingredients-market

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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