The global EPA and DHA Market has been gaining significant traction in recent years due to increasing consumer awareness about the various health and nutrition benefits associated with consuming EPA and DHA. EPA and DHA are Omega-3 fatty acids that are naturally present in fatty fish and fish oils. Consumption of EPA and DHA has been linked to boosting brain and heart health while reducing inflammation in the body. EPA and DHA supplements and fortified foods have emerged as convenient alternatives to fish consumption. EPA and DHA are added to various foods such as beverages, bakery products, snacks etc. to enhance their nutrition value. The growing elderly population also fuels the demand for EPA and DHA as these fatty acids play an important role in maintaining cognitive health especially in older adults.

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:

One of the key trends gaining traction in the EPA and DHA market is the increasing demand for vegetarian and vegan DHA and EPA sources. Traditionally, fish oils were the primary source of obtaining EPA and DHA. However, many consumers are now looking for plant-based alternatives due to sustainability and dietary concerns related to fish. Algal oil obtained from microalgae is emerging as a popular vegan DHA and EPA source. Companies are investing in algal DHA and EPA production through fermentation processes which does not involve harming marine life. Food ingredient manufacturers are also developing innovative solutions such as fortifying foods with algal DHA and EPA extracts to cater to a wider consumer base.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as the EPA and DHA market requires high capital investment for facility setup and R&D. However, low regulations enable small players to enter the market.

Bargaining power of buyers: The bargaining power of buyers is moderate since there are numerous suppliers in the market offering differing product portfolios. Buyers can negotiate on price and quality.

Bargaining power of suppliers: The bargaining power of suppliers is high due to the specialized nature of raw materials required and concentration of production. Suppliers also negotiate on pricing and supply terms.

Threat of new substitutes: The threat of new substitutes is low as EPA and DHA have well-established health benefits that are difficult to replace. However, alternative omega-3 sources pose a medium threat.

Competitive rivalry: The competitive rivalry is high among the key players to gain market share through diferentiation, new product launches, and expanding production capacity.

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.

The Asia Pacific region is projected to be the fastest growing market for EPA and DHA during the forecast period owing to rising health awareness, growing middle-class population and increasing consumption of packaged food products. North America dominates the global EPA and DHA market led by U.S and Canada due to higher consumption of dietary supplements, functional food & beverages and infant formula. Europe is the second largest market driven by increasing adoption of omega-3 enriched foods.

Key players operating in the EPA and DHA market are Broadcom Inc., Sicoya GMBH, GlobalFoundries Inc., Intel Corporation. These players are focused on new product development and capacity expansion to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it