Global EPA and DHA Market growing at a CAGR of 6.2% from 2023 to 2030
Category : Food And Beverages | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the EPA and DHA market is predicted to grow at a compound annual growth rate of 6.2% from 2023 to 2030 and is expected to reach USD 2,680.43 million in 2030 which was valued at USD 1,670.04 million in 2022.
The report highlights the increasing adoption of EPA and DHAs in dietary supplements, which is supplementing global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the EPA and DHA market.
Global EPA and DHA Market By Overview
The EPA and DHA market is bifurcated into type, source, and application. Based on type, the market is segmented into eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). In 2022, the docosahexaenoic acid (DHA) segment dominates in the overall EPA and DHA market. The source segment is categorized into fish oil, algae oil, krill oil, and others. In 2022, the fish oil segment accounted for the highest market share in the EPA and DHA market. In the context of application, the market is segmented into infant formula, dietary supplements, fortified food and beverages, pharmaceuticals, and others. In 2022, the dietary supplements segment dominates in the overall EPA and DHA market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for dietary supplements is benefiting the growth of the global EPA and DHA market.
- The booming pharmaceuticals industry is fostering the growth of the EPA and DHA market growth at the global level.
Restraints:
- Several side effects associated with EPA and DHA are restraining global market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid (DHA) |
| By Source | Fish Oil, Algae Oil, Krill Oil, and Others |
| By Application | Infant Formula, Dietary Supplements, Fortified Food and Beverages, Pharmaceuticals, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as KD Pharma Group, Corbion NV, Novasep Holding SAS, and Neptune Wellness Solutions which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the EPA and DHA market is expected to witness substantial growth in the coming years due to the increasing development of new food & beverage manufacturing facilities in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- KD Pharma Group
- Corbion NV
- Novasep Holding SAS
- Neptune Wellness Solutions
- BASF SE
- Omega Protein Corporation
- Croda International PLC
- Novotech Nutraceuticals
- Polaris SA
- AlgalR NutraPharms Pvt. Ltd
