What’s Driving the EPA/DHA (Omega 3) Ingredients Market Trends? Key players BASF, DSM, NU-MEGA INGREDIENTS, Croda, Omega Protein, Pronova BioPharma, COPEINCA, Epax, Arista Industries

According to new study report by Global Market Insights Inc. EPA-DHA omega 3 ingredients market is forecast to be worth USD 3.7 billion from 2015 to 2022. The omega 3 ingredients market can be classified, as EPA (eicosapentaenoic acid), DHA (adocosahexaenoic acid), and ALA (aplha-linolenic acid) on the basis of type. The market can be segmented, on the basis of applications as infant formulas, pharmaceuticals, animal and pet feed, functional foods and supplements. It provides informed market outlook, coupled with potential market demand. It details the raw material segment of the global market in terms of volume (in metric tons) and value (in U.S. dollars).

The report covers the thorough analysis of the market at a regional level with detailed analysis of market size. North America tops the global (EPA/DHA) omega 3 ingredients market, owing to the increasing awareness of EPA/DHA omega3 ingredients, growing health consciousness and rise in consumer expenses on healthy food products.

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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. Approximate minimum intake of 500 milligrams per day has been suggested by The American Dietic Association to benefit health wise.

Companies Profiled based on Business Overview, Strategic Outlook & SWOT Analysis:
1. BASF
2. DSM
3. NU-MEGA INGREDIENTS
4. Croda
5. Omega Protein
6. Pronova BioPharma - now part of BASF
7. COPEINCA
8. Epax
9. Arista Industries

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.

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.

Consumer perception towards taste and smell from fish oil along with vegetarian base population base may act as growth constraint. Many consumers tend to refrain from fish oil usage owing to distinctive taste & foul smell. Technology innovation encapsulation & improved extraction process should pave way for product formulation in dietary foods and drive omega 3 market size.

APAC China and Japan in particular are likely to see growth in market share during the forecast period. Europe omega 3 market region is anticipated to observe steady gains.

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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.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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