GOED released its annual Global EPA and DHA Omega-3 Ingredient Market Report
According to the report, volume EPA and DHA omega-3s increased 2.1% last year (2021), while the value of omega-3 ingredients increased 5.5% to $1.53 billion.
Photo © iStockphoto.com/ evemilla
The Global Organization for EPA and DHA Omega-3s (GOED) published the 2022 edition of its annual Global EPA and DHA Omega-3 Ingredient Market Report, detailing the raw materials segment of the EPA and DHA omega-3 industry, which was a 115,031 metric tons market in 2021. Volume increased 2.1% last year, while the value of omega-3 ingredients increased 5.5% to $1.53 billion. The industry is projected to reach 121,266 metric tons by 2024 at an average annual growth rate of 1.8% globally.
The report includes market figures for 14 omega-3 sources in 11 geographies, as well as six end-product applications that include dietary supplements, pharmaceuticals, infant formula, food and beverage, pet food, and clinical nutrition. Over 100 charts and tables detail the volume and value of omega-3 sources, regions, and end-product applications in 2021, with forecasts through 2024. New to this year’s report is the “at a glance” charts in each section and a set of PowerPoint slides with key market figures for companies to include in market presentations. These new features help companies navigate all the information provided by the report. There is also an Excel document with raw data and a forecast generator tool.
NutriSciences Innovations announces acquisition of XSTO Solutions
October 22nd 2024According to the company’s press release, the strategic acquisition adds six new branded products to the NutriScience portfolio, strengthening its role as a preferred ingredient supplier to leading brands in the wellness, food, and beverage industries.
