Global Epa And Dha Market Overview
Epa And Dha Market Size was estimated at 9.99 (USD Billion) in 2022. Epa And Dha Industry is expected to grow from 10.73(USD Billion) in 2023 to 20.48 (USD Billion) by 2032. The Epa And Dha Market CAGR (growth rate) is expected to be around 7.45% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Epa And Dha Market Trends Highlighted
The EPA and DHA market is driven by the growing awareness of the health benefits of these essential fatty acids. EPA and DHA are polyunsaturated fatty acids that are found in fish and other seafood. They have been shown to have a number of health benefits, including reducing the risk of heart disease, stroke, and cancer. As a result, the demand for EPA and DHA supplements has been increasing in recent years.Opportunities to be explored in the EPA and DHA market include the development of new products and applications, such as fortified foods and beverages. In addition, the market for EPA and DHA supplements is expected to grow in emerging markets, such as China and India.Recent trends in the EPA and DHA market include the increasing popularity of vegan and vegetarian sources of these essential fatty acids. In addition, there has been a growing interest in the use of EPA and DHA supplements for cognitive health.
Epa And Dha Market Drivers
Rising Health Consciousness and Demand for Omega-3 Fatty Acids
Nowadays, customers are more and more aware of the usage of omega-3 fatty acids that are particularly EPA and DHA. These acids are also vital due to their purpose in various human functions, applied to brain development, heart functioning, and the immune system. In such a way, the demand for EPA and DHA supplements and foods is increasing. Additionally, this tendency is expected in the near future due to the growing rates of health awareness and consciousness of omega-3 importance for ordinary human existence.The Epa And Dha Market Industry will grow significantly in the heating period of the next years and decades due to the increased health awareness and demand for omega-3 fatty acids. This industry will increase by 7.45% between 2020 and 2032, when it will reach USD 20.48 billion at the end of the period. The reasons for such increased demands on the level are as follows: The increased health awareness about omega-3 fatty acids; The increased income rates; The increased health threats and increased risks of different chronic diseases, such as heart diseases and cancer; The increased demand for functional foods.The Epa And Dha Market Industry is highly competitive, with many well-known players, such as BASF, Cargill, DSM, Evonik, Lonza, and others. They invest in the development and research domains to offer new products to the environment and increase the existing ones. They also invest in the increased production of omega-3 acids to be able to meet the rather growing levels of demand. The Epa And Dha Market Industry will be increasing in the near future at a rate of 7.45%. It is presupposed to be valued at USD 20.48 billion at the end of 2032.
Growing Popularity of Plant-Based EPA and DHA Sources
The plant-based diet has been an increasing tendency in recent years due to several reasons, that are animal treatment, the environment and people’s health. With the development of the given tendency, the demand for plant-based EPA DHA sources has been increasing. Plant-based EPA and DHA can be derived from different sources as algae and plants, such as flaxseed and walnuts. EPA and DHA derived from plant sources have been becoming more popular due to the fact that people are looking for substitutes for fish sources that are more sustainable and ethical. Palm oil has become the cheaper alternative for fish sources as it is able to influence nutrients and because of its higher availability.The demand for plant-based EPA and DHA sources will lead to the development of the EPA and DHA Market Industry. It is expected to develop with a CAGR of 7.45% during the forecast period and reach a valuation of USD 20.48 billion by 2032.
Expansion of Applications in the Food and Beverage Industry
There is a growing prevalence of the use of EPA and DHA in the food and beverage industry. The fatty acids may be added to many types of food and beverages, such as dairy, juices, and baking. There is a rapid expansion of the applications that is caused by increasing demand for functional foods and beverages. The term functional foods and beverages covers those that are enriched in an extra number of nutrients, EPA and DHA included. These foods and beverages are becoming increasingly popular because consumers seek to enhance their health and well-being.The Epa And Dha Market Industry will record significant expansion throughout the forecast. The expansion will be fuelled by the application in the food and beverage industry. The market will record an expansion of 7.45 percent during the period of the forecast to reach USD 20.48 billion by the year 2032.
Epa And Dha Market Segment Insights
Epa And Dha Market Application Insights
The driving force of the market growth includes the rising demand for omega-3 fatty acids in dietary supplements and functional food. They have become popular recently because of their health benefits. There are several applications of EPA and DHA in the EPA And DHA Market, which are as follows: Dietary Supplements and dietary supplements have the largest share of the market. The rising awareness of the benefits of omega-3 fatty acids has resulted in a rise in the consumption of dietary supplements containing EPA and DHA. They play an essential role in the functioning of the brain, heart, and immune system.It also decreases the risk of other chronic diseases such as cancer, heart disease, and Alzheimer's disease. Food and Beverages The food and beverage industry is another market that is a significant consumer of EPA and DHA. They are being added to a number of foods and beverages such as milk, yogurt, eggs, and bread as they provide a convenient method of raising the omega-3 fatty acids levels in the body. In Pharmaceuticals Another application of EPA and DHA is pharmaceuticals. Many studies have shown that these omega-3 fatty acids serve several medicinal benefits, such as reducing inflammation, improving cognitive functions, and decreasing levels of blood pressure.Various conditions can be treated by the usage of EPA and DHA, such as heart disease, stroke, psychosis, and dementia. Medical Nutrition EPA and DHA are used in medical nutrition applications. Medical nutrition products are produced so as to provide patients with the vital nutrients they require to recover from an illness or injury. Omega-3 fatty acids are vital for the growth and development of the brain and the nervous system. They are also essential for preserving and developing a healthy immune system. Cosmetics The final product in which EPA and DHA usage takes place is cosmetics.It has been shown that omega-3 fatty acids improve skin quality and appearance. They reduce inflammation and redness, help keep skin hydrated, and prevent signs of aging. So, as a large number of people are very concerned about their health, these beneficial fatty acids are used in various cosmetic products which include moisturizers, serums, and masks.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Epa And Dha Market Source Insights
Find here the information from the market, which the market for Epa and Dha Market segmented by source. According to the source, fish oil is the largest, and it will remain the leader for the next 5 years. "Algae Oil" has the greatest CARG, which is equal to 10% for the next five years. Fish Oil Fish Oil is derived from the oily part of the fish, and it is the most popular source of Epa and Dha Market. Oily fish includes salmon, trout, mackerel, sardines, herring and others. "Epa and Dha Market are especially concentrated in the eyes, brain, and heart, so supplementing the diet with high levels of fish oils may have a beneficial effect on these vital organs." Algae Oil Algae oil is derived from the alga – it is a microscopic plant found in the sea.It is a sustainable source of Epa and Dha Market. Moreover, this oil is able to provide the Epa and Dha Market at an equal distance. In addition, algae oil is a great source of other vitamins such as A, D, and E. Krill Oil Krill Oil is oil that is from small shrimp-like crustaceans that are found in the southern oceans. It is a useful source of Epa and Dha Market. Moreover, it provides phospholipids and antioxidants at the same time. Plant-Based Sources Plant sources include flaxseed oil, chia oil, and walnut oil. These sources also provide Omega-3 but not in as much quantity as fish oil.
Epa And Dha Market Distribution Channel Insights
Distribution Channel The distribution channel segment plays a crucial role in the Epa And Dha Market market, influencing market growth and revenue generation. Supermarkets/Hypermarkets held the largest market share in 2023, accounting for approximately 42.5% of the market revenue. This dominance is attributed to their extensive distribution networks, wide product offerings, and convenient shopping experience. Pharmacies accounted for a significant portion of the market, capturing around 31.2% of the revenue in 2023. Their professional healthcare expertise and accessibility make them a preferred channel for consumers seeking trusted advice and quality products.Health Food Stores targeting health-conscious consumers held a market share of approximately 15.8% in 2023. Their specialized product offerings and knowledgeable staff cater to specific dietary needs and preferences. Online Retailers have witnessed a surge in growth, capturing 7.4% of the market revenue in 2023. The convenience, wide selection, and competitive pricing offered by e-commerce platforms have driven their popularity. Direct-to-consumer channels, including company websites and subscription services, accounted for a market share of approximately 3.1% in 2023.This segment is expected to gain traction as it offers personalized experiences and direct access to consumers.
Epa And Dha Market Regional Insights
Regionally, North America dominated the Epa And Dha Market in 2023 and is expected to maintain its dominance throughout the forecast period. The growth of the North American market is attributed to the increasing demand for EPA and DHA supplements due to rising health awareness and growing disposable income. Europe is another major market for EPA and DHA, with a significant contribution to the EPA and DHA Market revenue. The European market is expected to witness steady growth during the forecast period due to the increasing adoption of EPA and DHA supplements for various health benefits.The APAC region is expected to be the fastest-growing market for EPA and DHA during the forecast period. The growth of the APAC market is attributed to the rising demand for EPA and DHA supplements in countries such as China, India, and Japan. The increasing health consciousness and growing disposable income in these countries are driving the demand for EPA and DHA supplements. South America and MEA are also expected to contribute to the Epa And Dha Market growth during the forecast period. The increasing demand for EPA and DHA supplements for health and wellness purposes is driving the growth of these regional markets.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Epa And Dha Market Key Players And Competitive Insights:
The Epa And Dha Market key players in the industry are constantly making very strong efforts to remain dominant and establish a firm foothold in the market. Leading Epa And Dha Market players are also concentrating on developing new products that address the changing needs of customers. The intense competition in the Epa And Dha Market market has led to the emergence of many important trends. Some of the main trends in this market are the increasing use of online sales channels, growing demand for sustainable products, and greater recognition of the health benefits of Epa And Dha Market. The EPA and DHA Market is in the growing stage, and its development will be driven by several factors, including increased health awareness among people, rising incomes, and the push for more natural ingredients.DSM is one of the key players in the EPA and DHA markets. The company is a leading supplier of nutritional and dietary ingredients. DSM provides a large variety of Epa And Dha Market products. The products offered by DSM include oils, powders, and capsules. The EPA and DHA Market of DSM is broadly used in many applications, including dietary supplements, infant formula, and food and beverage products. DSM has large production facilities in Europe, Asia, and North America. DSM is a key player in the Epa And Dha Market and will continue to be a major player in the future.BASF is a chemical giant and it produces a variety of products. BASF produces a wide range of Epa And Dha Market products. The EPA and DHA Market, produced by BASF, is widely used in many applications, including dietary supplements, infant formula, and food and beverage products. BASF has large production facilities in Europe, Asia, and North America. BASF is a key player in the Epa And Dha Market market and will continue to be a major player in the future.
Key Companies in the Epa And Dha Market Include
- Evonik Industries
- Lonza
- Kyowa Hakko Bio
- Biocea
- BASF
- Neptune Technologies Bioresources
- Algalif
- Croda International
- Lipid Nutrition
- IMCD
- Archer Daniels Midland Company
- Cargill
- Polaris
- Epax Norway
- DSM
Epa And Dha Market Industry Developments
The Epa And Dha Market is projected to reach USD 20.48 billion by 2032, exhibiting a CAGR of 7.45% during the forecast period. Increasing demand for omega-3 fatty acids, rising awareness about the health benefits of EPA and DHA, and growing applications in the food and beverage industry are driving market growth. Advancements in extraction technologies and the expansion of EPA and DHA production capabilities are further contributing to market expansion. Key developments in the market include the launch of new EPA and DHA-fortified products, strategic partnerships between industry players, and government initiatives to promote the consumption of omega-3 fatty acids.
Epa And Dha Market Segmentation Insights
- Epa And Dha Market Application Outlook
- Dietary Supplements
- Food and Beverages
- Pharmaceuticals
- Medical Nutrition
- Cosmetics
- Epa And Dha Market Source Outlook
- Fish Oil
- Algae Oil
- Krill Oil
- Plant-Based Sources
- Epa And Dha Market Distribution Channel Outlook
- Supermarkets/Hypermarkets
- Pharmacies
- Health Food Stores
- Online Retailers
- Direct-to-Consumer
- Epa And Dha Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
9.99(USD Billion) |
| Market Size 2023 |
10.73(USD Billion) |
| Market Size 2032 |
20.48(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.45% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Evonik Industries, Lonza, Kyowa Hakko Bio, Biocea, BASF, Neptune Technologies Bioresources, Algalif, Croda International, Lipid Nutrition, IMCD, Archer Daniels Midland Company, Cargill, Polaris, Epax Norway, DSM |
| Segments Covered |
Application, Source, Distribution Channel, Regional |
| Key Market Opportunities |
1 Growing demand for omega3 supplements2 Increasing awareness of health benefits3 Rising prevalence of chronic diseases4 Expanding applications in the food and beverage industry5 Technological advancements in production |
| Key Market Dynamics |
1 Increasing consumer awareness of health benefits2 Growing demand for supplements and functional foods3 Rising prevalence of chronic diseases4 Expansion of ecommerce platforms5 Government regulations and initiatives |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The EPA And DHA Market is expected to reach a valuation of USD 20.48 Billion by 2032, expanding at a 7.45% CAGR from its 2023 valuation of USD 10.73 Billion.
The major regions contributing to the growth of the Epa And Dha Market are North America, Europe, Asia-Pacific, and Rest of the World. Among these, North America holds the dominant share due to the presence of well-established dietary supplement manufacturers and increasing consumer awareness about the health benefits of EPA and DHA.
The largest share of the Epa And Dha Market is attributed to dietary supplements, followed by pharmaceuticals and functional foods. Dietary supplements hold the dominant position due to the growing demand for convenient and effective ways to increase EPA and DHA intake.
Key competitors in the Epa And Dha Market include BASF, DSM, Croda International, Omega Protein Corporation, and GC Rieber Oils. These companies hold a significant market share and are investing in research and development to introduce innovative EPA and DHA-based products.
The growth of the EPA and DHA market is primarily driven by increasing consumer awareness about the health benefits of EPA and DHA, rising demand for dietary supplements, and growing applications in pharmaceuticals and functional foods.
Challenges faced by the Epa And Dha Market include fluctuations in raw material prices, sustainability concerns related to fish oil sourcing, and regulatory hurdles in some regions.
The future growth prospects of the Epa And Dha Market are positive, driven by increasing demand for health and wellness products, rising disposable income, and growing awareness about the importance of omega-3 fatty acids.
Key trends shaping the EPA and DHA market include the growing popularity of vegan and vegetarian diets, increasing demand for personalized nutrition, and the emergence of new technologies for EPA and DHA extraction and purification.
The COVID-19 pandemic had a mixed impact on the EPA and DHA Markets. While there was a temporary decline in demand during lockdowns, the market rebounded as consumers became more health-conscious and sought ways to boost their immune systems.
Regulatory considerations for the Epa And Dha Market vary by region. In the United States, EPA and DHA are recognized as Generally Recognized as Safe (GRAS) by the Food and Drug Administration (FDA), while in the European Union, they are approved as novel food ingredients.
