by EPA and DHA are the major types of Omega-3 fatty acids that play an important role in brain and eye health. They act as building blocks for cell membranes and precursors for hormones. EPA and DHA are primarily found in fatty fish and fish oils. The growing demand for EPA and DHA as supplements due to increasing awareness about various health benefits such as reduced risk of heart disease, depression, and improved cognitive functions is driving the EPA and DHA market. The Global EPA and DHA Market is estimated to be valued at US$ 2135.1 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the EPA and DHA market are KHS GmbH, Tetra Pak International SA (Tetra Laval Group), Syntegon Technology GmbH, JBT Corporation, GEA Group Aktiengesellschaft, Sidel Group (Tetra Laval Group), Krones AG, Ronchi Mario SPA, Coesia Group, and Barry-Wehmiller Companies Inc. These players are focusing on adopting advanced technologies for extraction to improve their production efficiency.
The increasing demand for dietary supplements and functional foods fortified with EPA and DHA due to rising health consciousness among consumers presents lucrative growth opportunities. The growing vegan population has also increased the demand for vegan DHA and EPA supplements derived from algal and fungal sources.
Technological advancements have enabled efficient production and concentration of EPA and DHA from microalgae using renewable energy sources. Developments in biotechnology have aided the production of high Global EPA And DHA Market Sizeyielding algal strains through genetic engineering and induced mutation techniques.
Market Drivers
The key driver for the EPA and DHA market is the growing awareness about the various health benefits of EPA and DHA in preventing cardiovascular diseases, boosting brain health, and reducing inflammation. Studies linking EPA and DHA consumption to decreased risk of depression and improved cognitive function in both children and adults have increased their adoption as supplements. Additionally, the rising vegan population has also augmented the demand for plant-based DHA and EPA supplements.
Current Challenges in EPA and DHA Market
The EPA and DHA market is facing challenges due to uncertain regulatory framework around the world. Different countries have different rules regarding the use of EPA and DHA in food and beverage products. This creates confusion among manufacturers and hinders the global expansion of the market. Another challenge is the high cost of production of EPA and DHA. As the extraction and refining process of these omega-3 fatty acids from fish oil is complex, it increases the overall cost. This high cost impacts the pricing of end-products and restricts the mass consumption.
SWOT Analysis
Strength: High demand for EPA and DHA due to proven health benefits. Weakness: Cost associated with production and refining of EPA and DHA is high. Opportunity: Emerging application in infant food formulas and medical nutrition. Threats: Stringent regulations and policies across countries regarding the use of EPA and DHA.
Geographical Regions with Highest Value Concentration
North America accounts for the highest value share in the EPA and DHA market due to growing health-conscious population. Europe is another major region driven by increasing usage of EPA and DHA in food applications.
Fastest Growing Geographical Region
Asia Pacific market is expected to grow at the fastest pace during the forecast period. This can be attributed to rising disposable incomes, growing middle-class population and their awareness about the importance of EPA and DHA for fetal development and brain health.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
