by EPA and DHA are omega-3 fatty acids that have several health benefits. They are found in fatty fish and fish oils and are used as dietary supplements. EPA and DHA supplements are typically taken in the form of fish oil capsules or liquid fish oil and are used to promote cardiovascular and brain health. EPA and DHA are associated with lowering blood pressure and triglyceride levels as well as reducing inflammation. These fatty acids also support brain and eye health throughout one’s lifespan. The global EPA and DHA market is characterized by growing demand for EPA and DHA supplements, particularly among health-conscious consumers. Manufacturers are introducing innovative product formats like gummies and soft chews to increase supplement palatability and accessibility.
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 Dynamics:
The demand for EPA and DHA supplements is expected to continue growing strongly, driven by increasing consumer awareness about the health benefits of omega-3 fatty acids. As research further confirms links between EPA/DHA consumption and reduced risk of numerous chronic diseases, consumers are increasingly adopting omega-3 supplements as a preventative health strategy. Moreover, innovative product formats now make omega-3 supplementation more convenient and appealing especially for first time users. Manufacturers are also proactively marketing their EPA and DHA products, emphasizing specific health conditions that can benefit like cardiovascular, cognitive and eye health. These awareness campaigns and educational marketing strategies are assisting market expansion and helping unlock the vast opportunities for increased EPA and DHA supplementation globally over the forecast period.
Segment Analysis
EPA and DHA Market is segmented into products type, applications, and end users. Among products type, algal oil segment holds the largest share of more than 50% due to its cost effectiveness and large-scale production capacity. It has emerged as main sub-segment dominating the EPA and DHA market.
PEST Analysis
Political: Government regulations regarding the daily intake of omega-3 EPA and DHA supplements has positively impacted the market growth. Most countries have regulated daily intake levels.
Economic: Rising disposable income and growing health awareness among consumers are major drivers of market growth. However, volatility in prices of raw materials can hamper the market.
Social: Growing malnutrition and health issues related to lack of EPA and DHA intake have increased focus on supplementation. Further, social media marketing by brands has boosted awareness.
Technological: Development of fermentation and algal cultivation technologies have expanded production capacities and ensured consistent quality supply. It has made EPA and DHA more accessible.
Key Takeaways
The global EPA And DHA Market Growth is expected to witness high growth. 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.
Regional analysis comprises North America dominates the global market and holds around 40% share majorly due to rising health concerns, growing consumption of nutraceuticals and functional foods. The Asian countries especially China, Japan and South Korea are fastest growing regional markets owing to rising disposable incomes, growing elder population and increasing health supplement adoption.
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. Key players are focused on expanding production capacities through new facilities and strategic partnerships to cater to the growing global demand for EPA and DHA supplements.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
