Global Ingredient Market for EPA and DHA Up 10 Percent in Value

SSIAs part of its activities, the Global Organization for EPA and DHA Omega-3s (GOED) regularly produces a global ingredient market report, which details the raw material segment of the eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) and omega-3 market on a global basis. The latest report—which covers 2012 and 2013 and was compiled for the first time by GOED staff—includes data on value (all values shown in USD) and volume (in metric tons).

Overall, the volume of EPA and DHA oils consumed globally in 2013 was 89,060 mT, up 2.6 percent from the previous year (86,809 mT). This corresponds to a value of $1.72 billion in 2013, up 10.1 percent from an estimated $1.56 billion in 2012. The increase in value is due in large part to a few factors, including:

• Reduced availability and capture of anchoveta (Peruvian anchovy)—a majority of omega-3 oils worldwide are produced from anchoveta, and increases in the price of this oil type result in increases in the price of most other omega-3 oils

• Rapid growth in the volume consumed in Asia

• An increase in the production of cod liver oil

• An overall movement away from refined anchovy oils into higher-value products (krill oils, concentrates, virgin salmon oils and algal oils)

 

Read more: http://omega3.supplysideinsights.com/articles/2014/08/global-ingredient-market-for-epa-and-dha-up-10-pe.aspx

Dimitri Sclabos
Dimitri Sclabos

Founder and Co-owner