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Top 4 trends likely to augment EPA/DHA(Omega3) ingredients market proceeds over 2020 to 2026

Author : Rahul Sankrityayan | Published Date : 2021-01-22 

Global EPA/DHA (Omega 3) ingredients market is poised to gain major impetus over the following years from the increased product adoption primarily driven by growing awareness regarding functional benefits of Omega 3 EPA and DHA based products across the globe. Speaking on these lines, several industry players are laying immense focus on escalating the research activities to deliver enhanced solutions to the consumers which would have a positive impact on EPA/DHA (Omega 3) ingredients market growth over the foreseeable future. 

Citing an instance, in 2018, BASF Corporation launched Hepaxa™, a product that the company claims to have capability of helping millions of patients with Non-Alcoholic Fatty Liver Disease (NAFLD). According to the company, it is the first ever product in the U.S. which provides pure and highly concentrated EPA and DHA, designed specifically for addressing the buildup of fat inside liver, in NAFLD patients. 

As per Global Market Insights, Inc., the industry is projected to record a valuation of more than USD 3.8 billion by the end of 2026, subject to the prominence of below mentioned trends: 

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Heightened demand across animal and pet feed segment

Animal and pet feed segment is assessed to witness a substantial CAGR of 9.8% through 2026 due to elevating demand for EPA/DHA ingredients for enhancing nutritional value of animal and pet feed. As the trend of pet adoption for companionship is growing, adoption of animal feed products has also increased significantly. 

Besides, extensive usage of Omega 3 fatty acids in animal nutrition for improving cattle health has also fostered the segment growth as it is very useful in reducing immune stress and offering better reproductive efficiency and improved health. For instance, in case of weaning pigs, omega 3 based food play crucial role in improving the weight lost during lactation and increases the food intake and enhances growth and viability in piglets.

Rising adoption of EPA 

EPA segment across EPA DHA(Omega3) Ingredients industry is projected to record an appreciable growth rate of 8.6% over the analysis period considering the increased product penetration owing to its high quality and several health benefits such as effective weight management, pediatric nutrition and joint health. Moreover, EPA metabolizes for producing hormone like substances known as eicosanoids responsible for regulating muscle activity, cell growth, hormone secretion and blood clotting which has stimulated the product demand significantly. 

Furthermore, the growing prevalence of various disorders such as hormonal issues, diabetes and cardiovascular disease due to unhealthy dietary habits and lifestyle is likely to foster the product demand in future. As a large number of people are opting for vegan food products, companies are developing vegetative EPA sources for the vegan populace which will provide positive growth prospects to the industry further.

Growing demand for protein rich food in Asia Pacific

EPA DHA(Omega3) Ingredients industry in APAC is estimated observe a significant growth rate of 8.6% over the forecast period on account of growing number of poultry and livestock in the region. The increased production of meat, eggs and various poultry items with higher nutritional value has helped the consumers to meet their health goals which in turn has urged companies to enhance the value of their product. As a result, companies are increasingly using EPA/DHA ingredients in broiler feed as they improve bone strength, growth performance and enhances the production of omega rich derived foods for human nutrition.

Thriving pharmaceutical industry across North America

North American EPA DHA(Omega3) Ingredients market is expected to foresee a commendable growth over the coming years on account of the expanding pharmaceutical industry in the region. According to the Pharmaceutical Research and Manufacturers Association (PhRMA) statistics, U.S. pharmaceutical firms conduct around half of the global R&D pertaining to pharmaceuticals ($75 billion) and hold the intellectual property rights on most of the new medicines. Further, the industry accounted for an economic output of more than USD 1.3 trillion, representing 4 percent of total U.S. output in 2015 alone. 

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. [email protected] | https://twitter.com/sankritsays

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