Selbyville, Delaware, October 29, 2020 (GLOBE NEWSWIRE) –
According to a new research report from Global Market Insights, Inc., the market value for EPA / DHA Ingredients (Omega3) is projected to exceed $ 3.8 billion by 2026. Growing Awareness of the Functional Benefits of EPA / DHA Ingredients and Increasing and Enhancing Health Care Costs are expected to improve the outlook for the industry.
EPA’s EPA / DHA (Omega3) ingredient industry is projected to have a CAGR of over 8.6% by 2026 as the quality of supplements increases and product penetration increases. Since then, EPA fatty acid supplements have been supporting good heart health as well as weight management, child development and joint health. EPA metabolizes to hormone-like substances called eicosanoids, which regulate cell growth, muscle activity, hormone secretion and blood clotting. This is expected to increase the demand for EPA / DHA (Omega3) ingredients. In addition, the increasing demand for various diseases such as cardiovascular disease, diabetes and hormonal issues due to hectic lifestyle and harmful eating habits will drive product demand.
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The global economy has been hit by the COVID-19 pandemic, with many nations facing the challenge of resuming production capacity even after continuing to do business, and manufacturers suffering from the impact of bottlenecks in their distribution networks. However, rising demand for electricity and robust growth in the healthcare sector are likely to fuel product installation.
Some Key Findings of the EPA / DHA (Omega3) Ingredients Market Report Are:
- The gradual shift in consumers towards diet and functional foods has gained in importance due to their high protein and nutrient content and will fuel global market trends.
- The increasing inclusion of EPA / DHA ingredients in infant formula is one of the defining trends creating favorable market demand.
- The demand for EPA / DHA (Omega3) ingredients from animal and pet food is expected to exceed 9.8% CAGR due to the increasing number of pet owners.
- The high demand for clean label products creates lucrative growth opportunities for the market.
- EPA / DHA ingredients from plants such as algae are likely to gain a foothold in the market due to the growing vegan population.
- The key players in the market continuously invest in research and development activities to monitor product offerings and drive ever-increasing consumer demand.
- Increasing application area in cancer treatment can fuel industry demand. An increase in R&D spending on the development of omega-3 clinical nutrition products and pharmaceuticals should have a positive impact on product demand.
- Some of the key players in the market are BASF, Koninklijke DSM NV, Croda International plc, Omega Protein, Nordic Naturals, Inc., Copeinca ASA, Epax Norway AS, Arista Industries, Inc., GC Rieber, Solutex, Olvea and Lysi Others.
Search 300 pages of key industry insights with 396 market data tables and 30 illustrations and graphs from the report: “Market forecasts for EPA / DHA (Omega3) ingredients by application (dietary supplements, pharmaceuticals, functional foods, animal and animal feed, infant formula), source (anchovy / sardine oil, high concentrations, medium concentrations, low concentrations, algae oil, tuna oil, cod liver oil, Salmon Oil, Krill Oil, Menhaden Oil), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share and Forecast, 2020-2026”In detail together with the table of contents:
The Asia-Pacific EPA / DHA (Omega3) Ingredients market is projected to reach a CAGR of greater than 8.6% by 2026 as poultry and farm animals grow in the region. The growth in the production of nutrient-fortified eggs, meat and other poultry products is helping consumers meet health goals and growers increasing the value of their product. Poultry, pigs and ruminants need essential fatty acids to improve feed conversion, promote metabolism, improve palatability and reduce inflammation. Omega 3 in the beef diet helps reduce immune stress and improves health and reproductive efficiency. These improvements lower veterinary costs by improving overall health. EPA / DHA ingredients in broiler feed improve growth performance, bone strength and the production of omega-fortified foods for human consumption. These ingredients play an important role in weaning pigs to increase weight loss while breastfeeding. Weaning pigs use body fat to meet the body’s energy needs while breastfeeding and are prone to losing excess body weight. Omega 3 improves feed intake and improves piglet growth and viability, thereby boosting product demand.
In recent years, the working population of women has shown noticeable differences around the world. This has led to an increased incorporation of DHA in baby food. Breastfeeding is one of the best ways to get enough DHA for babies to grow properly. However, in some cases, mothers may not be able to provide enough DHA to infants due to the low levels of omega-3 in their bodies. For this reason, mothers are shifting their focus to omega-3-rich baby foods for the proper development of their babies. Omega 3 plays an important role in neurological and visual development in infants. It also plays a key role in improving memory function in infants and children. Various regulatory agencies are also supporting the introduction of infant formulas fortified with DHA and EPA for infants who are not breastfed. The United Nations World Health Organization / Food and Agriculture Organization recommends that all infant formula should be made from DHA. The initiative taken by the authorities could fuel market demand for EPA / DHA (Omega3) ingredients.
Toc of this report @ https://www.gminsights.com/toc/detail/EPA-DHA-omega-3-ingredients-market
Browse related report:
Fatty Acids Market for Food Applications By Application (Food and Beverage, Dietary Supplements, Baby Food), Product (Omega 3, Omega 6, Omega 7, Omega 9), Type (Saturated, Monounsaturated, Polyunsaturated), Industry Analysis Report, Regional Outlook, Application Potential, Price Development, Competitive Market Share and Forecast, 2019-2025
About global market insights
Global Market Insights, Inc., headquartered in Delaware, USA, is a global market research and advisory service provider that provides syndicated and custom research reports and growth advisory services. Our business intelligence and industry research reports provide clients with deep insights and actionable market data specially designed and presented for strategic decision-making. These comprehensive reports are based on a proprietary research method and are available for key industries such as chemistry, advanced materials, technology, renewable energy and biotechnology.