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EPA/DHA (Omega 3) Ingredients Market Analysis

  • Report ID: GMI118
  • Published Date: Sep 2024
  • Report Format: PDF

EPA/DHA Ingredients Market Analysis

The demand for anchovies and sardine oil will register over 9.2% CAGR from 2024-2032, driven by their high bioavailability and cost-effectiveness. Anchovies and sardine oil are among the primary sources of EPA/DHA ingredients. These small, oily fish are rich in omega-3 fatty acids, making them popular for extracting EPA/DHA. As the market for omega-3 ingredients continues to expand, producers are increasingly focusing on sustainable fishing practices and certification to meet consumer demand for responsibly sourced products. The continued reliance on anchovies and sardine oil as key sources of EPA/DHA will play a critical role in the market's growth trajectory.
 

EPA/DHA (Omega 3) Ingredients Market Revenue Share, By Application, (2023)

The dietary supplements segment held a significant EPA/DHA ingredients market share in 2023 and will register over 6.5% CAGR from 2024-2032. The rising consumer preference for dietary supplements as a convenient way to enhance health and wellness is driving demand for omega-3 ingredients in this segment. EPA/DHA supplements are particularly popular among individuals seeking to improve cardiovascular health, cognitive function, and joint mobility. The growing trend towards personalized nutrition and the increasing availability of omega-3 supplements in various forms, such as soft gels, capsules, and liquids, are expected to further propel segment growth.
 

Asia Pacific EPA/DHA (Omega 3) Ingredients Market, 2021 - 2032 (USD Thousands)

The Asia Pacific region held a sizable share of the EPA/DHA ingredients market in 2023 and will reach USD 1.5 billion by 2032. The region's growth is driven by the increasing awareness of the health benefits of omega-3 fatty acids, particularly in countries like China, Japan, and India. The rising prevalence of chronic diseases, in line with a growing middle class with higher disposable incomes, is fueling demand for EPA/DHA ingredients in dietary supplements and functional foods.
 

Additionally, the expansion of the aquaculture industry in the region is contributing to the availability of fish oil, further supporting market growth. As the Asia Pacific region continues to embrace health and wellness trends, the demand for EPA/DHA ingredients will rise significantly.

Authors: Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market of EPA/DHA (Omega 3) ingredients was worth USD 3 billion in 2023 and will record 6.5% CAGR from 2024 to 2032, led by increasing consumer awareness of the health benefits associated with omega-3 fatty acids.

The anchovies and sardine oil segment of EPA-DHA (Omega 3) ingredients industry will register over 9.2% CAGR from 2024-2032, driven by their high bioavailability and cost-effectiveness.

Asia Pacific market will reach USD 1.5 billion by 2032, propelled by the increasing awareness of the health benefits of omega-3 fatty acids, the rising prevalence of chronic diseases, in line with a growing middle class with higher disposable incomes.

BASF SE, Lysi, Solutex, Arista Industries Inc, Epax Norway AS, OLVEA, Copeinca ASA, Nordic Naturals Inc, among others.

EPA/DHA (Omega 3) Ingredients Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 418
  • Countries covered: 22
  • Pages: 220
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