GOED published its 2016-2017 Global EPA and DHA Ingredient Market Report
According to the report, the global omega-3 sector grew 1.8% between 2016 and 2017, to become a $1.29 billion industry, experiencing its third straight year of growth.
Photo © iStockphoto.com/ evemilla
The Global Organization for EPA and DHA Omega-3s (GOED; Salt Lake City, UT) published the 2016-2017 update to its annual Global EPA and DHA Ingredient Market Report. According to the report, the global omega-3 sector grew 1.8% between 2016 and 2017, to become a $1.29 billion industry, experiencing its third straight year of growth.
In terms of application, dietary supplements were the largest volume outlet for omega-3 oils using up to 18,932 metric tons. The second largest was pet foods, using 14,319 metric tons. Though there has been a lot of buzz lately about new omega-3 pharmaceuticals, only 613 metric tons go to that sector, though the products do have a high value. Concentrates had the largest share of total omega-3 market value, with 36.8%, followed by common refined with 15.8%, tuna with 13.9%, algae with 11.4%, and krill with 5.7%.
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