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EPA/DHA (Omega 3) Ingredients Market Trends

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

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EPA/DHA Ingredients Market Trends

The market growth is driven by the rising demand for plant-based and sustainable omega-3 sources. As consumers become more environmentally conscious, there is a growing preference for algae-based EPA/DHA products, which offer a sustainable alternative to traditional fish oil. Additionally, the increasing incorporation of omega-3 ingredients into functional foods and beverages, as well as the development of innovative delivery formats such as gummies and powders, is expected to drive market expansion. The ongoing trend towards preventive healthcare and nutritional supplements will further boost the demand for EPA/DHA ingredients.

For instance, in July 2024, Nuseed, a specialist in plant-based functional ingredients, announced that it would be highlighting its omega-3 ingredient at IFT FIRST from July 15–17, 2024, in Chicago. Nutriterra, a canola-based nutraceutical, is the first plant-based source of 'total' omega-3, encompassing docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA).

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.