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EPA And DHA Market Growth Accelerated By Rising Adoption Of Omega-3 Ingredients

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Ashish Thapa
EPA And DHA Market Growth Accelerated By Rising Adoption Of Omega-3 Ingredients

EPA and DHA are essential fatty acids that support cardiovascular and brain health. They are key components of fish oil and algal oil that are used in various functional foods and dietary supplements to enhance nutritional profiles and supply health benefits associated with omega-3 fatty acids. EPA and DHA omega-3 ingredients are used in various products ranging from infant formulas and supplements to functional beverages and clinical nutrition.


The global EPA and DHA Market is estimated to be valued at US$ 1853.38 Mn  in 2023 and is expected to exhibit a CAGR of 23%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising adoption of EPA and DHA omega-3 ingredients across various end-use industries has significantly accelerated the overall growth of the EPA and DHA market over the forecast period. With the growing consumer awareness about the health benefits of EPA and DHA and the subsequent demand for omega-3 enriched products, manufacturers are increasingly incorporating these ingredients into various food and beverage products. In addition, the improving production technologies have enhanced the commercial viability and supply of EPA and DHA ingredients, thereby supporting their widespread utilization across diverse application industries.


Segment Analysis

The global EPA and DHA market is dominated by algal oil segment. Algae can produce EPA and DHA more efficiently than other sources like fish oil. Algal oil contains high concentration of EPA and DHA without risk of contamination from pollutants like mercury that can be present in fish oil. Moreover, algal oil production has lower environmental impact than fish oil as it is a sustainable source. Major food and beverage manufacturers prefer algal oil over fish oil due to these advantages.

Key Takeaways

The global EPA And DHA Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to increase from US$ 1853.38 Mn  in 2023 to US$ 4231.56 Mn by 2030, registering a CAGR of 23% .

Regional analysis:

North America currently holds the largest share in the EPA and DHA market owing to high awareness about importance of omega-3 fatty acids and growing demand for functional and dietary supplements. The Asia Pacific region is expected to be the fastest growing market during the forecast period due to rising health consciousness and increasing disposable incomes in developing economies like India and China.

Key players:

Key players operating in the EPA and DHA market are Broadcom Inc., Sicoya GMBH, GlobalFoundries Inc., Intel Corporation, Juniper Networks Inc., Cisco Systems Inc., IBM Corporation, and NeoPhotonics Corporation. Broadcom Inc. holds the largest market share currently due to its extensive product portfolio and strong distribution network worldwide. GlobalFoundries Inc. is also expected gain market share over the forecast period due to investments in expanding its manufacturing facilities.


Get More Insights On This Topic: https://www.pressreleasebulletin.com/the-epa-and-dha-market-propelled-by-rising-consumer-awareness/

 

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