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EPA and DHA Omega-3 Ingredient Market to Hit US$ 6.13 Billion by 2033

10-16-2023 07:39 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR Market Research

Increasing at a CAGR of 7.2%, the global EPA and DHA omega-3 ingredient market is projected to grow from a value of US$ 3.06 billion in 2023 to US$ 6.13 billion by the end of 2033.

EPA and DHA are types of omega-3 fatty acids, which are essential nutrients that play a crucial role in human health. EPA stands for Eicosapentaenoic Acid, and DHA stands for Docosahexaenoic Acid. These omega-3 fatty acids are commonly found in various foods, especially in fish and other seafood.

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Rapid Consumer Shift to 'Natural' Ingredients:

The demand for non-GMO food ingredients, such as EPA and DPA Omega-3 Ingredients, is observing an uptick on grounds of increasing awareness among populace regarding health-related concerns. This upward trend is motivating manufacturers to produce non-GMO certified products to their customers in the global food and beverage market.
Guardians and parents are showing preferential inclination towards non-modified functional ingredients, such as non-GMO certified products, due to high concerns about the ingredients mixed in the baby products available in the market. EPA and DHA Omega-3 ingredients are being increasingly utilized in dietary supplements to counter the risks of cardiovascular and heart diseases. Furthermore, it reverses the growth of atherosclerotic plaque while decreasing the levels of blood pressure.

Competitive landscape:

Leading EPA and DHA omega-3 ingredient companies are working on influential marketing- a game-changer deciding their fate in the competitive market space.
Brands are exploring inventive packaging strategies as a strategic marketing tool, enabling them to influence consumer choices and gain a competitive edge. With the rapidly rising demand for functional ingredients, industry participants must innovate in product development while maintaining their core strengths.
Manufacturers are also shifting their strategic focus toward alliances, primarily mergers, and acquisitions, to expand their technology and manufacturing bases and successfully meet the market demand for high-quality EPA and DHA omega-3 ingredients in response to label expansions and favorable clinical research.
• For instance, in 2018, KD Pharma Group unveiled the launch of two of its exclusive DHA and EPA omega-3 ingredients for use in multiple applications, including food and beverages, dietary supplements, infant nutrition, and animal feed.
• In September 2021, KD Pharma Group started the commercialization of Alga3, a vegan omega-3 solution.
• Polaris showcased Omegavie DHA 800 Sensory Qualitysilver 5 algae, in June 2021. The product consists of a high-concentration microalgae DHA ingredient. This algae oil, Schizochytrium sp. sourced, is rich in proteins, pigments, vitamins, and enzymes.
Market players are also focusing on a few of the untapped corners in the personal care and cosmetics market, as the use of omega-3 ingredients in personal care is on its way to outgrow its phase of dormancy.

Key Segments of EPA and DHA Omega-3 Ingredient Market Research
• By Source :
o Fish Oil
o Algae Oil

• By Grade :
o Technical Grade
o Food Grade
o Pharma Grade
o Feed Grade

• By End Use :
o Food & Beverages
o Dietary Supplements & Nutraceuticals
o Infant Formula
o Pharmaceuticals & Clinical Nutrition
o Animal Feed

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

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Questionnaire answered in the Market outlook Report of EPA and DHA Omega-3 Ingredient include:

• What is the key strategy deployed by large players to maximize EPA and DHA Omega-3 Ingredient Market growth?

• What are the main challenges faced by players in the EPA and DHA Omega-3 Ingredient market Demand?

• With the advent of technological advancement, how will the EPA and DHA Omega-3 Ingredient market landscape change over the forecast period?

• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the EPA and DHA Omega-3 Ingredient market size?

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