EPA/DHA (Omega 3) ingredients market is set to witness tremendous growth over the projected timeline of 2020 to 2026. This can be credited to increased product adoption on account of rising awareness regarding functional benefits of Omega 3 EPA and DHA based products among global population.
The elevating demand for these products has encouraged prominent business players such as BASF, Omega Protein, DSM N.V., Solutex, Nordic Naturals, Inc., Epax Norway AS, etc., to increase their R&D activities and develop more innovative solutions to provide enhanced offerings to their customers. For instance, Solutex developed a unique ingredient Lipinova, based on Specialized Pro-resolving Mediators which can help in boosting natural capacity of body to resolve inflammation and maintain its natural equilibrium. According to the company, this ingredient is a natural metabolite extracted through EPA and DHA.
According to Global Market Insights, Inc. report, market size of EPA/DHA (Omega3) ingredients is projected to exceed USD 3.8 billion by 2026.
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The overall EPA/DHA (Omega 3) ingredients market is bifurcated on the basis of source, application and regional landscape.
In terms of source, EPA/DHA (Omega3) Ingredients market from EPA is forecast to register a substantial CAGR of around 8.6% through 2026 owing to shifting consumer preference towards high quality supplements. This is majorly due to the vital role of EPA fatty acid supplements in improving heart health and effective weight management, joint health and pediatric nutrition. Moreover, EPA metabolizes to produce hormone like substances known as eicosanoids which help in regulating muscle activity, cell growth, blood clotting and hormone secretion.
Furthermore, increasing prevalence of several diseases like diabetes, cardiovascular disease and hormonal disorders due to unhealthy lifestyle and dietary habits will stimulate the adoption of EPA DHA Omega3 foods over foreseeable future.
In terms of application bifurcation, infant nutrition segment is expected to register substantial gains over forthcoming years. As, working women population is growing across the globe, application of DHA supplements for infants has increased significantly. Breastmilk is considered to be one of the best sources of DHA for proper growth of infant, however in certain cases, mothers are not able to provide required amounts of DHA to their infants due to lower omega 3 levels in their body. As a result, mothers are emphasizing on incorporating omega 3 rich formula for proper growth of their infant. Reportedly, Omega 3 plays an important role for visual and neurological development among infants.
Several regulatory authorities are also encouraging the adoption of infant formula rich in EPA and DHA for non-breastfed babies. For instance, United Nations World Health Organization/Food and Agriculture Organization recommends inclusion of DHA in all infant formula.
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Speaking of animal and pet feed segment, it is projected that the segment would witness an appreciable CAGR of 9.8% over the analysis timeline on account of increased demand of EPA/DHA ingredients for improving nutritional value of pet and animal feed. With the growing trend of pet adoption for companionship, demand for such animal feed products has increased considerably. Speaking of pet adoption, according to the American Society for the Prevention of Cruelty to Animals (ASPCA) statistics, every year around 6.5 million companion animals enter animal shelters in the U.S. Out of these shelter animals, over 3.2 million are adopted every year.
On the other hand, EPA/DHA (Omega 3) based animal feed products are also observing heightened demand for improving cattle health as these products help in reducing immune stress and endow better reproductive efficiency and improved health. These improvements help in saving veterinary cost in long run.
In terms of regional landscape, EPA DHA(Omega3) Ingredients industry in Asia Pacific is estimated to show a substantial CAGR of 8.6% over the forecast period. This can be attributed to increased consumption of poultry and livestock in the region which has urged companies to provide nutritionally enriched meat, eggs and other poultry products than can help their help consumers meet their health goals. In this regard, usage of EPA DHA(Omega3) ingredients has increased to a great extent. Apparently, including these ingredients to broiler feed offers better bone strength and growth performance.
Further EPA DHA(Omega3) ingredients also play a significant role in weaning pigs for improving the lost weight at the time of lactation. Weaning pigs tend to utilize their body fat to fulfill energy requirements of their body during lactation and therefore, lose the body weight excessively. Omega 3 in this case vitalizes feed intake and enhances piglet growth and viability which has fostered the product demand to a great extent.
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