EPA/DHA Omega-3 Products Market to Jump to $35 Billion by 2016

Press Release
Oct 1, 2012
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Rockville (MD), October 1, 2012 -- In a just-released report on The Global Market for EPA/DHA Omega-3 Products, Packaged Facts projects that global consumer spending on EPA/DHA fortified products will jump from $25.4 billion in 2011 to $34.7 billion in 2016, for a compound annual growth rate of 6.4%.

By geographic region, North America currently accounts for 43% of these consumer sales, but Asia-Pacific is projected to jump to a close second-place position by 2016.

These figures, based on research commissioned by the Global Organization for EPA and DHA Omega-3 (GOED) and presented at the GOED Exchange 2012 conference in Boston, cover six categories of packaged consumer products: infant formula; fortified foods and beverages; nutritional supplements; pharmaceuticals; clinical nutrition products; and pet food, treats and supplements.

Expanding public awareness of EPA/DHA omega-3 health benefits through media coverage of research findings, as well as developments in the regulatory environment, will spur continued growth in the global market for EPA/DHA omega-3 products. According to David Sprinkle, publisher of Packaged Facts, other factors that will continue to create a positive growth environment for EPA/DHA omega-3 products include:

  • Consumer interest in functional food and fortified product line expansions;
  • Increasing demand for fortified infant formula due to population growth and rising middle class in emerging economies;
  • Continued popularity of EPA/DHA omega-3 nutritional supplement products, including krill oil and vegetarian algae-based supplements;
  • Introduction of pharmaceutical-grade products into South America and approval of generic pharmaceuticals in existing markets;
  • Expanding clinical nutrition market opportunities for disease- and disorder-specific formula applications, created through additional R & D and aggressive marketing by ingredient suppliers; and
  • Premiumization of pet foods due to humanization of companion animals.

For further information, please visit: http://www.packagedfacts.com/Omega-Global-Product-6385341/.

About Packaged Facts -- Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer goods and retailing, foods and beverages, demographics, pet products and services, and financial products. Packaged Facts also offers a full range of custom research services. To learn more, visit: www.packagedfacts.com. Follow us on Facebook, LinkedIn and Twitter.

Contact:
David Sprinkle, publisher
Packagedfacts.com
dsprinkle @packagedfacts.com

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