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of demand growth.
At IFFO's annual meeting, Aldo Bernasconi, vice president of the Global Organization for EPA & DHA omega-3s (GOED), predicts that global demand for omega-3 ingredients will grow from 116,000 tons in 2021 to 122,000 tons in 2024, a compound annual growth rate of 1.
8%.
Crude oil demand increased from 227,000 tons in 2021 to 241,000 tons
in 29024.
8%.
Crude oil demand increased from 227,000 tons in 2021 to 241,000 tons
in 29024.
Last year, global demand growth was driven by the North American market and developing countries, and China also approved more Omega-3 pharmaceutical products, which will be a huge potential growth driver
.
.
Bernasconi said that the number of people with high triglycerides in China is equivalent to the total number of U.
S.
adults, high triglycerides increase the risk of heart disease and cardiovascular and cerebrovascular diseases, and new demand in China may put pressure on EPA supply, requiring some changes
to the formulation of fish oil supplements.
S.
adults, high triglycerides increase the risk of heart disease and cardiovascular and cerebrovascular diseases, and new demand in China may put pressure on EPA supply, requiring some changes
to the formulation of fish oil supplements.
Many producers are trying to commercialize genetically modified vegetable oils containing EPA and DHA, and the increased public interest in plant-based foods will also drive the development of a niche market for algal oil supplements, which will be used in vegetarianism and some consumers with seafood allergies
.
On the other hand, GM Omega-3s may encounter barriers to promotion, such as consumer boycotts and some regulatory issues
.
.
On the other hand, GM Omega-3s may encounter barriers to promotion, such as consumer boycotts and some regulatory issues
.
According to Bernasconi, the global annual production of Omega-3 algal oil is about 5,000 tons, most of which is used in infant formula and another 1,000 tons in nutritional supplements
.
"Algal oil is very small, and mass production requires a lot of investment, and it is not growing as fast
as expected.
"
.
"Algal oil is very small, and mass production requires a lot of investment, and it is not growing as fast
as expected.
"
