Growing health awareness and need for innovative products will bolster demand, finds Frost & Sullivan’s Visionary Science Practice team
Consumer preferences are compelling omega-3 ingredient manufacturers to create different consumer-facing application segments. Furthermore, rising health consciousness and awareness of the benefits of omega-3 (EPA & DHA) are driving the introduction of technologically advanced products for consumer applications, including pharmaceuticals, dietary supplements, infant formula, food & beverages, and pet foods.
Analysis of Global Omega-3 EPA+DHA Ingredients Market is part of Frost & Sullivan’s Visionary Science Growth Partnership Service program, which identifies opportunities to enable participants to align their business model, products and services to succeed. The global omega-3 Eicosapentaenoic acid (EPA) and Docosahexaenoic acid (DHA) ingredients market is forecast to be worth $2,614.1 million by 2021, with dietary supplements and infant formula projected to see the highest demand in the Asia-Pacific region, followed by North America and Europe. This study examines how changing analysis of the existing technology trends and market-leading products such as Aker Biomarine’s Flexitech™, Polaris’s QUALITYSILVER®, DSM’s 3C, and Croda’s PureMax™ reveals best practices and novel opportunities.
Click on the following link for complimentary access to more information on this analysis or to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders: http://frost.ly/1bo
“There is a huge unmet need in the infant and pregnant women nutrition market worldwide, and omega-3-rich product manufacturers must show agility to gain first-mover advantage and major share in the market,” said Frost & SullivanVisionary Science Practice Industry Analyst Arun Ramesh. “Innovative technology, superior purity and quality ingredients—and offering varied omega-3 concentrates for different end-application segments—will enable omega-3 EPA+DHA ingredients manufacturers to set themselves apart from competitors.”
Despite strong potential, the omega-3 EPA+DHA ingredients market must overcome some restraints to gather momentum:
- Insufficient/low promotion; sales have been slow due to the patent expiry of Lovaza and social media-driven misconceptions about omega-3
- Scarcity of natural omega-3 sources like fish, krill and algae due to global warming
- Lax standards for recommended dietary intake in most developing nations
“Omega-3 EPA+DHA ingredient manufacturers must continuously expand their capabilities through acquisitions, expansions and product launches to meet growing emerging market needs,” observed Ramesh.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Analysis of Global Omega-3 EPA+DHA Ingredients Market
Corporate Communications – North America
P: (210) 247.2481
F: (210) 348.1003