GOED published its annual Global EPA and DHA Omega-3 Ingredient Market Report
The Global Organization for EPA and DHA Omega-3s (GOED) has published the 2017-2018 edition of its annual Global EPA and DHA Omega-3 Ingredient Market Report.
Photo © iStockphoto.com/ evemilla
The Global Organization for EPA and DHA Omega-3s (GOED) has published the 2017-2018 edition of its annual Global EPA and DHA Omega-3 Ingredient Market Report. Top line data from the report shows that the total volume of omega-3 ingredients in 2018 increased 2.3% to 111,210 metric tons from 108,757 metric tons in 2017. Total market value of omega-3 ingredients also increased by 2.1% from $1,349,000 to $1,377,000.
The largest source of omega-3 ingredients, in terms of volume, was refined oils making up 36.6% of total volume, followed by concentrates (18.6%), miscellaneous pet food oils (16.1%), menhaden (8.5%), and cod liver oil (7.6%). In terms of value, concentrates commanded the largest proportion, used primarily for dietary supplements and pharmaceuticals (35.5%). This is followed by tuna and algae oil, important components of DHA-fortified infant formula (14.3% and 14.2%, respectively), then common refined and krill oils, used primarily in dietary supplements (13.7% and 7.4%, respectively).
The full report, with a full breakdown of the market and raw data, is available for purchase on the GOED website.
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