EPA/DHA (Omega 3) Ingredients Market Size by Source (Anchovy/Sardine Oil, High Concentrates, Medium Concentrates, Low Concentrates, Algae Oil, Tuna Oil, Cod Liver Oil, Salmon Oil, Krill Oil, Menhaden Oil), By Application (Dietary supplements, Pharmaceuticals, Functional Foods, Pet & Animal Feed, Infant Formulas), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI118  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 300   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

EPA/DHA(Omega3) Ingredients market size exceeded USD 2.3 billion in 2019 and is estimated to grow at over 7.2% CAGR between 2020 and 2026. Global market is projected to grow due to emergence of clean label product coupled with their nutritional value.
 

EPA/DHA(Omega3) Ingredients market

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Rise in consumer preference towards high quality supplement product owing to stressful and hectic lifestyle may boost the industry outlook. Dietary supplement comprising of omega-3 fatty acids provides the required number of vitamins and minerals that we need to maintain our overall wellness and health. Consumption of Omega 3 has been witnessing to reduce the risk of heart diseases. Omega 3 dietary supplements combine with regular exercise also helps in improving metabolic and cardiovascular health. According to research it is found that Americans spend more than USD 25 billion per year on more than 50,000 dietary supplements products consisting of fish oils, vitamins & minerals, and other ingredients. Rise in awareness among consumers in the U.S. to reduce the risk the illness and maintain their health will favour industry growth.

 

Low concentrate omega 3 ingredients are mainly used in cosmetics and personal care products such as sun care, haircare, makeup and colour cosmetics. There is considerable rise in disposable income over the past decade leading to increased purchasing power of individuals. Varying climatic conditions along with changing lifestyle encourages the growth of skin and sun care. Omega 3 fatty acid bolster the skin membranes of the epidermis. These fatty acids also play a key role in reducing sun damage from UV light and the production of cancer cells caused by UV light.
 

Increasing diseases in animals and other risk associated with animal- based product has increases the demand of vegan or plant-based products. Thereby, the demand for EPA/DHA (Omega-3) ingredients sourced from algae has increased. Algae contain high concentrations of EPA and DHA and hence are used as alternative to fish oil for omega 3 supplement. Algae oil is incorporated in the food and beverage application as a natural source of omega -3, fatty acids, antioxidant, protein and other nutritional value. Moreover, the algae oil has also wider acceptance in the functional food and beverage due to the virtue of lower fat content. This has shown positive impact on the EPA/DHA (Omega3) ingredients market.
 

EPA/DHA (Omega 3) Ingredients Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 2.3 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 7.2% 2026 Value Projection: 3.8 Billion (USD)
Pages: 300 Tables, Charts & Figures: 426
Geographies covered (5): North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Segments covered: Product, Source, Application and Animal & Pet Feed
Companies covered (12): BASF, Koninklijke DSM N.V., Croda International plc, Omega Protein, Nordic Naturals, Inc., Copeinca ASA, Epax Norway AS, Arista Industries, Inc., GC Rieber, Solutex, Olvea and Lysi
Growth Drivers:
  • Asia Pacific:
    • Dietary supplements industry growth
  • Europe:
    • Supporting regulations regarding nutritional claims of omega-3 in food products
    • Increasing consumer adoption
    • Rising importance of omega 3 ingredients in pet and animal feed
Pitfalls & Challenges:
  • Restrictions on fish catches affecting fish oil production
  • North America: Stringent regulation regarding nutritional claims of omega 3 in food products

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Continuous research and development in food and feed industry to boost demand for Salmon Oil

EPA DHA(Omega3) Ingredients Market

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Global EPA/DHA (Omega3) Ingredients market from salmon oil is likely to achieve over 11.8% CAGR through 2026 owing to numerous health benefits for human and pet. Salmon oil consist of Omega 3 fatty acids are necessary for human health. They help in inflammation, play a role in brain function and help prevent diseases like heart disease and macular degeneration. Additionally, it has also wider acceptance in the pet food industry. Since, it offers better cognitive and bones health. In addition to these, salmon oil also offers act as an anti-inflammatory supplement for pet suffering from arthritis. It also improves the coat and skin making it soft and shiny. Rapid humanization of pet, rising number of nuclear families leading to increase in adoption of pets and increased awareness about pet health will drive the usage of salmon oil in pet food.
 

Rising DHA benefits owing to growing preference on health & wellness to promote market trends

EPA DHA(Omega3) Ingredients Market

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Global EPA/DHA (Omega3) Ingredients market from DHA application is likely to surpass USD 3.2 billion by 2026 owing wider acceptance in food industry. DHA is prominently used as a supplement for premature babies and as a vital ingredient for infant formula for brain development. DHA is naturally found in breast milk. It is used in combination with arachidonic acid during first four months of the infant life stage. DHA ingredients are also used in treating type 2 diabetes, dementia and cardiovascular disease. It is also used for improving vision, preventing eye disease, preventing and treating depression. Increasing investment in infant nutrition product innovation will drive product demand.

 

Europe EPA/DHA market to witness growth due to Increasing demand for fortified food and dietary supplements

EPA DHA(Omega3) Ingredients Market

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Europe EPA/DHA (Omega3) ingredients market size should exceed USD 917. 70 Million by 2026 owing to increasing demand for the fortified foods and dietary supplements. Europe food and beverage industry are diverse with variety of sectors ranging from meat processing to dairy production. Growing health concern along with increasing disease occurrences are key factors for driving the market outlook. Foods which are fortified with omega 3 possess medicinal properties which provide healing benefits apart from energy and essential nutrients. Owing to its health benefits core supplement used like athletes are also switching to fortified foods over the past years leading to increased demand for omega 3 ingredients in fortified food applications.
 

Inconsistent universal guidelines, fluctuating costs & slow approval processes are hindering the market statistics

Suppliers specific input cost have been increasing and have shown no signs of abating this year. Rising cost of raw materials especially natural ingredients, have made dent in the profit margins of many small -scale suppliers. This situation is more precarious for suppliers who are sourcing from China, India and the U.S. Since, novel COVID-19 has hit these countries has hard in recent past few months. Furthermore, fluctuating input cost, labor cost has also influenced the profitability margin of the suppliers and distributors and continue to surge. Additionally, lack of inconsistency standards and guidelines in the global EPA/DHA (Omega3) ingredients market is also one of the defining factors that restraints market growth. Regulations vary from country to country regarding the use of EPA / DHA (Omega 3) and its inclusion under the food category. Lack of regulations could lead to misuse claims indicating health benefits. For instance, In Japan, functional food refers to processed food that contains ingredient that aid specific bodily functions. On the other hand, in the U.S. functional foods can contain ingredient that are products of biotechnology.
 

New Product Launches and R&D Initiatives to be Key Business Strategies Incorporated by Manufacturers

Global EPA/DHA (Omega3) ingredients market is consolidated, and key players include BASF, Koninklijke DSM N.V., Croda International plc, Omega Protein, Nordic Naturals, Inc., Copeinca ASA, Epax Norway AS, Arista Industries, Inc., GC Rieber, Solutex, Olvea and Lysi others. Moreover, other small players are also showing keen interest in the market due to the virtue of its wider array of application in pharmaceutical, nutraceutical and food & beverage industry. Furthermore, industry players are also aiming to increase its product penetration by various mergers and acquisition activities. For instance:
 

In May 2020, DSM has expanded its nutrition portfolio with ARA and DHA powder which is especially or infant nutrition. This powder contains a minimum 110 mg DHA and ARA. Furthermore, it is sourced from sustainable vegetarian DHA omega-3 and ARA omega-6 which aid to meet the global sustainable demands.
 

EPA/DHA (Omega3) Ingredients Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons Units) and revenue in USD from 2015 to 2026 for the following segments:

By Product

  • DHA
  • EPA

By Source

  • Anchovy/sardine oils
  • High concentrates
  • medium concentrates
  • Low concentrates
  • Algae oils
  • Tuna Oils
  • Cod liver oils
  • Salmon oils
  • Krill oils
  • Mehaden Oils

By Application

  • Dietary Supplements
  • Functional Foods
  • Pharmaceutical
  • Infant Formulas
  • Pet & Animal Feed
  • Others

By Animal & Pet Feed

  • Aquaculture
  • Livestock
  • Pet food

The above information has been provided for the following regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Norway
    • Turkey
    • Ireland
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Argentina
    • Equador
    • Chile
    • Peru
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • RoMEA

 

Frequently Asked Questions (FAQ) :

The market share of EPA/DHA (Omega3) ingredients is growing and will achieve more than 7.2% CAGR up to 2026 due to increased consumer demand for high quality supplements and clean label products.
EPA/DHA (Omega3) ingredients sourced from salmon oil is projected to register nearly 11.8% CAGR through 2026 with growing expenditure on maintaining the health of people and pets.
The market share from DHA application will reach USD 3.2 billion by 2026 due to increased use of the ingredients in the food sector and in the treatment of disorders like dementia, CVDs and type 2 diabetes.
Europe’s share in EPA/DHA ingredients industry may cross USD 917.7 million by 2026 with the surging demand for dietary supplements and food products that area fortified with omega 3.

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Premium Report Details

  • Published Date: Oct 2020
  • Pages: 300
  • Tables: 396
  • Charts / Figures: 30
  • Companies covered: 12
  • Countries covered: 5

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