Market Updates

GOED Releases Annual Market Report and First-Ever Report on Consumer Trends

The two reports detail the raw materials segment of the supply chain and global, continental, and international online search trends, respectively.

The Global Organization for EPA and DHA Omega-3s (GOED) has published two reports detailing trends in the global EPA and DHA omega-3 industry.
 
GOED Ingredient Market Report
 
The 2023 edition of the trade association’s omega-3 ingredient market report details the raw materials segment of the supply chain, which was a 121,940 metric ton market in 2022. Volume increased 3.8% last year, while the value of omega-3 ingredients increased 7.9% to $1.69 billion.
 
This year’s report includes market figures for 14 omega-3 sources in 11 geographies, breaking down six end-product applications (dietary supplements, pharmaceuticals, infant formula, food and beverage, pet food and clinical nutrition).
 
 It also includes dashboard “at a glance” charts for each section, a set of PowerPoint slides containing key market figures, and the raw data in Excel form with a built-in forecast generator.
 
Because of GOED’s intimate knowledge of the market, and its accesss to proprietary sales data, the report is the most accurate and comprehensive available on the global EPA and DHA industry, the association said. A sample as well as purchase information is available on GOED’s website.
 
Consumer Insights
 
GOED published a first-of-its-kind report analyzing consumer internet search trends related to EPA and DHA omega-3s topics, to better understand the questions, attitudes, and perceptions of global consumers.
 
The report details global, continental, and national search trends and includes annual data, dating back over the past decade. The report will also detail which search terms, such as “omega-3s,” “fish oil,” “algae oil,” “DHA,” and others, to determine which are the most commonly searched in one country or another. The report also details how media stories impact search volume.
 
This report is also now available for purchase on GOED’s website.  

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