Food and Beverages Industry Report EPA/DHA (Omega 3) Ingredients Market Analysis 2024 | Page 2

Your Catalyst To a Lucrative Business
The anchovy/sardine oil sector dominated the overall market in 2015. Its prices are said to increase on account
of the partial ban by Peru’s Ministry of Production (Produce) due to the presence of a large number of anchovy
juveniles. The algae oil sector is expected to experience the highest growth rate of over 9 % over the forecast
period as a result of the rising consumer preferences towards plant source-derived products.
Geographically, North America dominated the global market in 2015 exceeded valuation of over USD 750
million. Fresh product launches along with the rising awareness about omega 3 ingredients-enriched products
for infants are expected to augment the demands in this region. Europe is likely to experience a steady growth
with a CAGR of over 4 % from 2016 to 2024. The market share of Asia-Pacific, mainly driven by China and Japan,
is anticipated to grow at a CAGR of over 8 % over the estimated years.
The key companies of the EPA/DHA (Omega 3) ingredients market are Croda International PLC.; ProNova
Solutions LLC.; and Omega Protein Corp.
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category/nutraceuticals-and-functional-foods-industry
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