Sean Moloughney, Editor10.07.19
The total value of the global omega-3 market in 2017 was $1.32 billion, up 2.3% from 2016, according to the Global Organization for EPA and DHA Omega-3 (GOED). Dietary supplements hold the largest share of value (54%), alongside infant formula (19.7%), pharmaceuticals (15.1%), pet foods (6.0%), and food and beverages (4.3%).
In terms of total volume, GOED estimated the market was up 2.1% to about 109,169 metric tons in 2016. Supplements again make up the largest application (63.8%), followed by pet foods (24.7%), infant formula (4.2%), food and beverages (4.0%), and pharmaceuticals (2.0%).
Trends & Market Drivers
From both marine and vegetal sources, the omega-3 supplement market continues to grow, as these nutrients “have long been researched with many clinical studies supporting proven health benefits,” said Mary Ann Siciliano, national sales manager, Arista Industries, Inc.
As more consumers who may be averse to swallowing large pill-format products look to add omega-3s into their diets, opportunities
In terms of total volume, GOED estimated the market was up 2.1% to about 109,169 metric tons in 2016. Supplements again make up the largest application (63.8%), followed by pet foods (24.7%), infant formula (4.2%), food and beverages (4.0%), and pharmaceuticals (2.0%).
Trends & Market Drivers
From both marine and vegetal sources, the omega-3 supplement market continues to grow, as these nutrients “have long been researched with many clinical studies supporting proven health benefits,” said Mary Ann Siciliano, national sales manager, Arista Industries, Inc.
As more consumers who may be averse to swallowing large pill-format products look to add omega-3s into their diets, opportunities
Continue reading this story and get 24/7 access to Nutraceuticals World for FREE
FREE SUBSCRIPTION
