EPA/DHA (Omega 3) Ingredients Market size to exceed $5Bn by 2032

EPA/DHA (Omega 3) Ingredients Market size is anticipated to reach over USD 5 billion by 2032, as per a recent research report announced by Global Market Insights Inc.
 

Increasing consumer awareness and interest in food products fortified with omega-3 fatty acids will positively affect the EPA/DHA (Omega-3) ingredients industry dynamics. A wide variety of food products containing EPA and DHA are available to consumers in options of different flavors and edible forms including confectioneries, gummies, chewable, and sachets.
 

Favorable regulations associated with the nutritional claims of omega-3 in food products will complement the industry outlook. Several regulatory bodies monitor dietary supplements and other food products that claim to offer nutritional benefits to consumers. For instance, the European Commission, and European Food Safety Association (EFSA) authorize food products containing omega-3 before they are marketed or labeled, thus validating their health claims.
 

Widespread awareness regarding the benefits of EPA omega-3 fatty acids

EPA/DHA (Omega 3) ingredients market share from EPA segment is expected to record more than 7.5% CAGR between 2023-2032. Growing consumer awareness regarding the health benefits of including omega-3 in diets is expected to fuel the demand for food products containing EPA. Eicosapentaenoic acid or EPA is widely incorporated in different food and beverages along with dietary supplements due to its ability to help treat mood disorders and depression. Various studies have found that adequate consumption of EPA can help lower inflammation and in the treatment of psoriasis.
 

Rising incidences of arthritis in pets to boost the sale of salmon oil pet supplements

In terms of revenue share, salmon oils source segment is estimated to account for more than USD 120 million of the EPA/DHA (Omega 3) ingredients market share by the end of 2032. Salmon oil is a critical ingredient used in pet foods and supplements due to its anti-inflammatory properties. With increasing incidences of arthritis in domesticated animals, pet parents are inclined towards supplements capable of boosting the brain functions of young pets.
 

Expanding functional food sector to complement EPA/DHA (Omega 3) ingredients industry outlook

EPA/DHA (Omega 3) ingredients market share from functional foods application was valued at more than 310 million in 2022. The emergence of the COVID-19 pandemic has accelerated consumer interest in functional foods. Owing to changing consumer preferences and increasing focus on health and well-being, functional foods containing omega-3 fatty acids have picked up pace. Food and beverage brands are increasingly promoting fortified products featuring omega-3 to patients with coronary heart disease, mental health concerns, and eye problems. The ongoing expansion in the functional food sector, which was estimated at over USD 280 billion in 2021, will proliferate product demand.
 

Browse key industry insights spread across 344 pages with 395 market data tables & 23 figures & charts from the report, “EPA/DHA (Omega 3) Ingredients Market Statistics by Product (EPA, DHA), By Source (Anchovy/Sardine Oil, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tina oil, Cod Liver Oil, Salmon Oil, Krill Oil, Mehaden Oil and Application (Dietary Supplement, Functional Food, Pharmaceutical, Infant Formula, Pet & Animal Feed [Livestock, Aquaculture, Petfood]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/EPA-DHA-omega-3-ingredients-market
 

High demand for pet food supplements across North America

North America EPA/DHA (Omega 3) ingredients industry is projected to expand at over 6% CAGR from 2023-2032. Increasing demand for pet food, functional foods, and dietary supplements will fuel the need for these ingredients. The U.S. dog and cat food exports witnessed record high growth in 2021 reaching over USD 2 billion in value, which was 20% higher than 2020 exports. Favorable trade agreements such as the U.S.-Mexico-Canada Agreement (USMCA) will endorse pet food production in the U.S. The region has a solid footprint of major manufacturers of omega-3 ingredients engaging in product innovation and development.
 

New research & funding to boost EPA/DHA (Omega 3) ingredients industry expansion

BASF SE, Omega Protein, Koninklijke DSM N.V., Clover Corporation, Croda International Plc, Nordic Naturals Inc, Copeinca ASA, Arista Industries Inc, GC Rieber, Solutex, OLVEA, Epax Norway AS, and Lysi.
 

are some of the leading companies in the global EPA/DHA (Omega 3) ingredients market. These companies are seeking investments and capital to boost R&D and innovation in omega-3 products.