Global consumption of EPA and DHA omega-3 ingredients is likely to see a jump by the end of 2019, according to a press release from Fact.MR. The market hit $4 billion by the end of 2018, the press release notes, and it’ll likely see a 6.7% yearly hike in 2019.
While developed regional economies make up a majority of the market share, developing regions show high growth potential. A quickly growing dietary supplements landscape and a growing population together provide a solid base for expansion within developing Asian economies.
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Trends driving growth include:
- The demand for non-GMO ingredients, including EPA and DHA, is seeing an uptick
- ‘Natural’ and ‘healthy’ food and beverage ingredients are seeing an increased demand, which is likely to result in a greater market for naturally sourced omega-3s
- The neonatal care segment will also provide a stable base for the growing market; given the importance of DHA to cognitive health and a rise in the percentage of working mothers, DHA in infant food is seeing increased demand.
- The preventative healthcare trend, shaped by online forums and platforms, is encouraging consumers to buy EPA- and DHA-infused products
Challenges are largely centered around regulatory approvals, which are costly and time consuming; any lack of compliance, according to Fact.MR’s report, “can completely close off opportunities for the market players,” resulting in heavy focus on end-to-end adherence to regulations from raw materials to finished product.
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