OMEGA 3 INGREDIENTS MARKET ANALYSIS

Omega 3 Ingredients Market, By Type (ALA, DHA, EPA), By Source (Nuts and Seeds, Vegetable Oils, Marine, Soya), By Application (Infant Formula, Supplements & Functional Foods, Animal Feed, Pharmaceuticals, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) -

Published In : Feb 2023
Code : CMI370
Pages :270
Formats :
Excel and PDF
Industry : Food Ingredients

Market Challenges And Opportunities

Market Restraints

Rising cost of raw materials

The rising cost of raw materials especially natural ingredients has made a dent in the profit margins of many small-scale suppliers. This situation is more precarious for suppliers who are sourcing from China, India, and the U.S. Furthermore, fluctuating input costs and labor costs have also influenced the profitability margin of the suppliers and distributors and continue to surge. Additionally, the lack of inconsistent standards and guidelines in the global EPA/DHA (Omega3) ingredients market is also one of the defining factors that restrain the market growth. Regulations vary from country to country regarding the use of EPA / DHA (Omega 3) and its inclusion under the food category. Lack of regulations could lead to misuse of claims indicating health benefits.