Omega-3s\ Ingredients - N°66 menhaden oils (quasi-stagnation in terms VOLUME OF THE GLOBAL MARKET of volume, drop in value) also reflects the OF OMEGA-3s SOURCES IN 2017 natural annual variability due to changes Omega-3s categories Volume (tonnes) / tons Evolution 2017/2016 / Growth in catches and yield. Most probably, the Common refi ned oil 40802 -0,40% Concentrates 19382 5,80% two are temporary effects. Pressure hasMiscellaneaous Pet Food 17721 1% also been exerted on algal and krill oils, Menhaden 9052 2,60% whose markets have dropped - probablyCod liver 8673 2,10% due to the wealth of resources (this is the Salmon 5226 1,10% flip-side of the high number of new market Tuna 4157 8,70% entrants) and/or the saturation of the krill Algae 2045 7,50% market, where renewed efforts are neces- Squid 810 12,10% sary on the side of oils. On the other hand, Krill 798 1,60% Hoki 404 5,70% the oils extracted from tuna, calanus and Pollock 70 15,60% mussels experience growth and see their Mussel 11 20% volumes and values increase strongly (over Calanus 10 14,40% 15% for these sources). Total 109161 2% Source : GOED - Menhaden : Clupeide close to herring, fi shed for oil extraction The search for growth channels VALUE OF THE GLOBAL MARKET The prime outlet for oils, both in terms of OF OMEGA-3s SOURCES IN 2017 volumes and values, is the sector of food Valeur (M $) / Value Omega-3s categories Evolution 2017/2016 / Growth supplements - 77% of volumes and 57% of Concentrates 474,4 1,40% value (see table 2). As for the other sectors Common refi ned oil 204,1 -0,40% using these omega-3s, it is infant nutrition Tuna 179,2 9,30% and the pharmaceutical industry that allow Algae 147,2 -1,90% for the strongest valuation of these oils Krill 73,1 -2,10% (2 to 4% of volumes used, over 16% ofMiscellaneaous Pet Food 56,7 2,70% 087 value). The situation is slightly different in Cod liver 48,6 -4,50% Salmon 33,9 1,80% food and beverage applications: less than Mussel 32,2 17,50% 5% in volume and value. The question of Menhaden 19,2 -3% oil valuation is thus raised - that is to be Squid 10,1 13,50% understood, how can omega-3s generate Calanus 7,5 15,40% value for their customers, and therefore Hoki 3,2 6,70% for their suppliers? Pollock 0,3 15,60% The sector of food supplements is a prime Total 1 290 1,80% example. Whilst the market for omega-3Source : GOED - Menhaden : Clupeide close to herring, fi shed for oil extraction capsules is still relatively young - it actually started to develop less than fifteen yearscould be modified by the strong growth ago, it has reached maturity. The marketdisparities between different geographical players - with food supplement brands and areas. laboratories at the forefront - must makeBetween 2015 and 2016, the sales volumes renewed efforts now to revive this sector.of omega-3s decreased in Europe, mainly due to the weakness of the supplement Highly demanding consumersmarket. During the same period, the US market remained stable, also because of a The global market for finished products(relative) decline in supplements. In these containing DHA and EPA omega-3stwo markets, the drop of supplements exceeded the threshold of $30 billion inmay be partly attributed to the evolution 2015. With three dominant geographicalof consumer preferences. Indeed, the regions: The United States, which accountusers of supplements seem to be moving for one third of sales, followed by Europeaway from refined fish oils and be turning and China (table 3).Only these threetowards highly concentrated forms, which markets alone account for over 75% ofhas an impact on volumes. Once again, the global sales. But this established orderrelative low prices of these concentrates News on Functional & Health Ingredients \ N°66 \ January - February - March 2019 \ ■