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EPA/DHA (Omega 3) Ingredients Market Size

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

EPA/DHA Ingredients Market Size

EPA/DHA (Omega 3) Ingredients Market size was valued at USD 3 billion in 2023 and is expected to expand at 6.5% CAGR from 2024 to 2032, driven by increasing consumer awareness of the health benefits associated with omega-3 fatty acids. Moreover, the rising partnerships between leading companies enhance production.

 

For instance, in October 2023, Yield10 Bioscience and BioMar Group joined forces to bring to market a camelina crop with elevated levels of omega-3 fatty acids, including EPA and DHA, comparable to those found in fish oil. Following a decade of research, this innovative technology could serve as a significant, high-quality alternative to the limited supply of marine long-chain fatty acids. These essential nutrients are known for their positive impact on heart health, brain function, and overall well-being.
 

The market further experiences healthy growth due to the rising demand for functional foods and dietary supplements. As consumers continue to prioritize their health, the demand for high-quality omega-3 ingredients will surge.
 

The EPA/DHA (Omega 3) ingredients market is poised for substantial growth, driven by the increasing consumer focus on health and wellness. The growing awareness of the health benefits of omega-3 fatty acids, particularly in reducing cardiovascular risks, supporting cognitive function, and managing inflammation, is driving demand for these ingredients across various applications.
 

Furthermore, the rising innovative product launches from leading companies support the market growth. For instance, in January 2024, Ritual introduced Omega-3 DHA + EPA, a supplement providing 500 mg of these essential fatty acids in a 2:1 DHA to EPA ratio. The omega-3s are sourced sustainably from microalgae in La Forêt-Fouesnant, France, and are produced using patented technology designed to minimize oxidation.
 

However, the market faces challenges such as fluctuating raw material prices and concerns over the sustainability of fish oil sources. These factors may hinder the market's growth, but ongoing advancements in alternative sources, such as algae oil, are expected to mitigate some of these challenges.

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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