The new report by Expert Market Research titled, ‘Global EPA and DHA Market Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global EPA and DHA market, assessing the market based on its segments like type, form, source and application and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 8%
Omega-3 supplements are made up of the fatty acids eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), both of which have numerous health benefits. The rising incidences of cardiovascular diseases as a result of unhealthy eating habits, lack of exercise, and ever-increasing levels of stress are among the major factors driving the market’s expansion.
A combination of EPA and DHA can significantly lower the risk of heart disease, such as heart attack, stroke, and heart failure. This has contributed to the market’s expansion. Furthermore, market growth is linked to rising disposable incomes and a resulting willingness to spend on clean label products for a healthy lifestyle. The market grew as people became more aware of the importance of Omega-3 for immunity and cardiovascular health, especially in the wake of the COVID-19 pandemic.
Market Segmentation
Omega-3 supplements such as eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) are primarily found in oily fish such as salmon, mackerel, and tuna. These supplements are high in protein and have numerous health benefits for both humans and animals.
Based on type, the market is divided into:
• Eicosapentaenoic Acid (EPA)
• Docosahexaenoic Acid (DHA)
Based on application, the market can be categorized into:
• Infant Formulae
• Dietary Supplements
• Fortified Food and Beverages
• Pharmaceuticals
• Others
On the basis of source, the market can be classified into:
• Fish Oil
• Algae Oil
• Krill Oil
• Others
On the basis of form, the market is segmented into:
• Triglycerides
• Ethyl Esters
On the basis of regions, the market is segmented into:
• North America
• Latin America
• The Asia Pacific
• Europe
• The Middle East
• Africa
Market Trends
The docosahexaenoic acid (DHA) segment is expected to grow rapidly in the coming years, depending on the type. This is due to DHA’s numerous health benefits for infants and the incorporation of DHA into infant formulae as a result. DHA is a high-protein nutrient found in breast milk that has significant health benefits for newborns. Manufacturers of baby food are actively using DHA as a primary ingredient, thereby stimulating market growth, due to the low presence of DHA in mothers due to working populations, unhealthy lifestyles, and stress, among other things. Omega-3 also aids memory, ADHD management, and immunity. The willingness to spend on a nutrition-rich diet for infant health is stimulating market growth as disposable incomes rise and living standards improve.
Aside from that, the potential benefits of DHA in the treatment of type 2 diabetes, dementia, and cardiovascular health in adults are expected to boost the segment’s growth. Ingredients in DHA are also commonly used to improve eyesight, prevent eye diseases, and treat and prevent depression by promoting a positive mood. As a result, these factors are expected to boost the market’s overall growth in the coming years.
Key Market Players
The major players in the market are Koninklijke DSM NV, Corbion N.V., BASF SE, The Archer Daniels Midland Company, Croda International Plc and Others.
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