The global market is expected to grow due to the rise of clean label products and their nutritional benefits. Consumer demand for high-quality products is increasing, and attitudes about ingredients derived from fish species such as salmon and cod are changing. To tackle chronic diseases like diabetes and Alzheimer's, consumers are including fish oil supplements into their everyday diets.
Product demand may be boosted by rising demand for natural products and increased knowledge of the possible health advantages of natural ingredient-enriched cosmetics.Positive consumer perceptions of natural food additives' health advantages are expected to drive demand for natural EPA and DHA Omega-3 ingredients. This is expected to allow food manufacturers to rely on the integration of EPA and DHA Omega-3 ingredients in food items to provide soluble dietary fiber. The demand for non-GMO food components, such as EPA and DPA Omega-3 ingredients, is increasing as the general public becomes more aware of health-related issues. Manufacturers in the worldwide food and beverage sector are being motivated by this growth in trend to offer non-GMO certified items for their clients.
COVID-19 Impact Analysis
- Due to the rising demand for immunity-boosting supplements among customers in the wake of the COVID-19, the pharmaceutical market has witnessed a significant increase this year. Due to increased knowledge of the value of a healthy diet, therapeutic applications are projected to develop rapidly in the future years.
- With COVID-19 at the forefront of the people’s minds, global consumers turned to vitamins and dietary supplements to address both acute and general health concerns, and preventive, nutrition, and wellness became universal requirements.
- Customers are gravitating toward immunity-related vitamins and dietary supplements (Omega 3 oils), as well as general health items like multivitamins after the spread of COVID-19. Though the most common immunity elements vary by area, the general response has been consistent: after COVID-19, customers rushed to immunity products.
Top Impacting Factors
Along with the multiple health benefits for humans and pets, the global EPA/DHA (Omega3) Ingredients market from salmon oil is expected to grow at a CAGR of over 11.8 percent through 2026. Omega 3 fatty acids found in salmon oil are essential for human health.
They aid in the prevention of diseases such as heart disease and macular degeneration by reducing inflammation and improving brain function.
It has also gained more recognition in the pet food business. As it improves cognitive and bone health. In addition to these benefits, salmon oil can help pets with arthritis by acting as an anti-inflammatory supplement. It also makes the coat and skin softer and more lustrous.
The use of salmon oil in pet food will be driven by the rapid humanization of pets, the growing number of nuclear families leading to a rise in pet adoption, and improved knowledge of pet health.
Consumer attitudes about animal welfare are changing, and there is a growing demand for high-quality end goods like meat, milk, eggs, and leather in European countries, which should lead to profitable chances for industry expansion.
Market Trends
- Rise in Health Consciousness may Drive the Market
- Consumers have become more interested in high-quality supplement products, which may increase the industry's prospects due to their busy and hectic lifestyles. A dietary supplement containing omega-3 fatty acids provides us with the necessary vitamins and minerals to preserve our overall health and fitness. Omega 3 consumption has been shown to lower the risk of heart disease. Dietary supplements containing omega 3 fatty acids, when combined with regular exercise, can assist improve metabolic and cardiovascular health.
- Pharmaceutical-grade treatments for cardiovascular, diabetic, and skin problems are made with sardine oil. Antioxidants, amino acids, and protein in high concentrations help to improve the metabolic system and encourage the formation of healthy skin. Its compatibility with a variety of tastes and delivery systems, such as capsules, oil, and suspensions, makes it suitable for use in the preparation of children's medicines.
- Plant based EPA/DHA is Preferred over Animal Sourced Products
- The demand for vegan or plant-based products has grown as animal diseases and other risks linked with animal-based products have increased. As a result, there has been an upsurge in demand for EPA/DHA (Omega-3) components derived from algae. Algae contain significant levels of EPA and DHA and are thus utilized as an omega 3 supplement alternatives to fish oil. Algae oil is used in food and beverage products as a natural source of omega-3, fatty acids, antioxidants, protein, and other nutrients. Furthermore, due to its decreased fat level, algal oil has become more popular in functional foods and beverages. This has had a good effect on the component EPA/DHA (Omega3).
Key Benefits of the Report
- This study presents the analytical depiction of the EPA & DHA ingredients market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the EPA & DHA ingredients market share.
- The current market is quantitatively analyzed to highlight the EPA & DHA ingredients market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed EPA & DHA ingredients market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in the EPA & DHA Ingredients Market Research Report
- Which are the leading players active in the EPA & DHA ingredients market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is “EPA & DHA ingredients market " prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the “EPA & DHA ingredients market”?
EPA & DHA Ingredients Market Report Highlights
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 Key Market Players | Pronova BioPharma ASA, Copeinca ASA., Arista Industries, Inc, FMC Corporation, Omega Protein Corporation, Koninklijke DSM N.V., BASF SE, Croda, Inc, NU-MEGA Ingredients Pty Ltd |
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